Global Macro / Markets / Investing:
- Debt traders miss credit default swaps as losses loom – FT
- Blackstone Turns to Investment Banking Model to Court the Rich – Bloomberg
- Global Investors Are Fleeing U.S. Stocks at a Record Pace: Chart – Bloomberg
- The Problem With Inequality, According to Adam Smith – The Atlantic
- Innovation Is Not Enough – Project Syndicate
- Billionaire Investors Back A Gold Price Rally In 2016 – Oil Price.com
- There’s a ’controversy’ brewing in the gold market: Goldman Sachs – Yahoo
Americas:
- The Agony of the Trump Endorsers – Politico
- How to Feel the G.O.P.’s Pain Over Donald Trump – New Yorker
- Did Elizabeth Warren play her cards right to be Hillary Clinton’s vice president? – Washington Post
- Poll: Clinton slight lead on Trump, Johnson gets double digits – CNN
- This 11-minute Donald Trump rant is a Republican nightmare – Washington Post
- Four Risks That Could Push the U.S. Economy Into Recession – WSJ
- Colorado Has 40 Times More Natural Gas Than Previously Estimated – WSJ
- Overall risks to financial stability are largely unchanged, but household vulnerabilities have moved higher – Bank of Canada
- Puerto Rico’s Bonds Rally as House Nears Passage of Rescue Plan – Bloomberg
- Venezuela Opposition Leader Hit With a Pipe in the Face – Go.com
Europe:
- Russia Is Recruiting The U.S.’s Rebel Allies In Syria – BuzzFeed
- Oil sector job losses ’to reach 120,000 by end of year’ – BBC
- What if Greece got massive debt relief but no one admitted it? (Part 2) – FT
- Spain’s Podemos leftist party printed its program as an Ikea catalog so voters will actually read it – Quartz
- ECB Said to Buy Volkswagen Securities in Second Day of Purchases – Bloomberg
- Russia faces another 6 months of EU sanctions – FT
- Migrant camp in Germany is burned down ’in Ramadan meal time row’ – Mail Online
- German trade surplus hits fresh monthly record in April – Reuters
- Germans get richer while southern Europe lags: study – Reuters
Asia:
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- Japan 10-Year Yield Falls to Record Low as Bonds Rally Globally – Bloomberg
- Rise of the Machines Is Fueled by Higher Asia Wages – WSJ
- How a 143-Year-Old Swiss Bank Took a Quick Road to Ruin in Asia – Bloomberg
- How Many Treasuries Does China Still Own? – Council of Foreign Relations
- A Chinese city renowned for its business acumen battles to recover from a financial crisis – The Economist
- North Korean Forced Labor in the EU – Piie.com
Trans-Tasman:
- It’s time we broke up the retail arms of Australia’s Big Four banks – SBS.com
- Tax payer money used to fund voter tracking software owned by Liberal Party – ABC
- Barnaby Joyce repeatedly tells constituent to ‘piss off’ during heated pub exchange – SMH
- China’s $10bn propaganda push spreads Down Under – FT
- How would the Parliament look under proportional voting? – ABC
- Antibiotics being incorrectly prescribed in Australian nursing homes, prompting superbug fears – ABC
- Sugar hit: we can’t keep ignoring the evidence about soft drinks. We need a sugar tax now – The Guardian
- Egg shortage proves the need to retain barn and caged egg production systems, lobby group says – ABC
- Australia’s Youngest Generation is the Most Vulnerable Says Report – Probono Australia
- Former independent Rob Oakeshott to stand again at federal election – Canberra Times
- Labor announces family tax benefit cuts for high income earners – ABC News
- Let’s call the AMA’s campaign against Medicare changes what it is: an industrial dispute – The Guardian
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BNZ joins ANZ & Westpac in offshore borrower crackdown – Interest.co.nz
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AML commitments prevent Government from saving drowning remitters – Interest.co.nz
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What TPPA’s investment chapter says, including on housing investment – Interest.co.nz
Other: