Weekend reading 9-10 July 2017

Global Macro / Markets / Investing:

• Our global financial system is broken. Here’s a plan for fixing it – Medium
• The Autonomous Bull Market … – Howard Lindzon
• Sterling’s post-Brexit fall is biggest loss in a hard currency – Reuters
• The world according to a $2 trillion investment chief you’ve probably never heard of – Business Insider

Americas:

• Trump’s Russia adviser criticizes U.S. for ‘hypocritical focus on democratization’ – Washington Post
• What Dallas’s historically low murder rate can teach us about policing – Washington Post
• 3 Dallas Officers Killed at Protest Over Police Shootings – NY Times
• Bernie Sanders Is Expected to Endorse Hillary Clinton Next Week – NY Times
• It’s ’unfathomable’ why Republicans would not support Trump – Washington Examiner
• Alberta wildfire Canada’s costliest disaster at C$3.58 billion – American Energy News
• With nearly every demographic, Hillary Clinton is outperforming Barack Obama in 2012 – Washington Post
• Oil price rout slams Houston’s commercial real estate market – Reuters
• 2016 Campaign: Strong Interest, Widespread Dissatisfaction – People Press
• The states that spend more money on prisoners than college students – Washington Post
• Why Some Economists See Faster Wage Growth Around the Corner – WSJ

Europe:

• Joint programming in European science and technology policy – VOX
• Growing Unease as British Mutual Funds Block the Exit Doors – NY Times
• Brexit vote batters consumer confidence – The Guardian
• A British model for a post-referendum European future – FT
• Handy excuses for why it’s not Leave’s fault if Brexit goes bad – FT
• Britain will have first female leader since Margaret Thatcher – Washington Post
• German industrial output marks surprise 1.3% drop – MarketWatch
• Why Europe’s largest economy is resisting the new industrial revolution – Politico
• Exit now, pay later: Germany’s rushed farewell to nuclear power – Reuters

Asia:

• The Community Party to Get More Say in China’s $18 Trillion State Company Sector – Bloomberg
• Japan’s local public technology centres and SME innovation – VOX
• Coach parties of Chinese tourists leave village baffled – The Times
• China’s new class war – The Economist
• Brexit Is Helping China Push Down the Yuan – WSJ
• China gold reserves rise to 58.62 mln fine troy oz at end-June – Reuters
• Japan Needs Fiscal Stimulus to End Deflation, Abe Adviser Says – Bloomberg
• Choice insults Beijing has hurled at the international tribunal about to rule on the South China Sea – Quartz
• World faces deflation shock as China devalues at accelerating pace – The Telegraph
• China’s innovation economy a real estate bubble in disguise? – Reuters

Trans-Tasman:

• Still in denial, the major parties risk learning nothing from Election 2016 – ABC
• Australia’€™s Other Great Reef Is Also Screwed – The Atlantic
• Antony Green says Malcolm Turnbull will be returned as Prime Minister – ABC
• ‘Back within the year’: Bill Shorten predicts second election – The SMH
• The elites v Pauline Hanson. We don’t have to choose one or the other – we can reject both – The Guardian
• Labor calls for investigation into funding of ‘extremist cult’ schools – The SH
• John Howard Says His Decision To Get Spray Tan Was Based On Best Information Available At The Time – The Shovel
• Paul Keating releases statement saying John Howard should ‘hang his head in shame’ over Iraq war. – The Age
• Please don’t explain: Hanson 2.0 and the war on experts – The Conversation
• Andrew Wilkie says he will support supply and confidence in Coalition government – The Guardian
• Why simply calling Hanson racist doesn’t help – ABC
• NDIS payment system error leaves providers, participants unpaid for three weeks – ABC
• Standard & Poor’s says election gridlock behind ratings action – ABC
• Chinese appetite driving demand for Australian vitamins – ABC
• Is this result the best thing to ever happen to Turnbull? – Canberra Times
• Turnbull boxed in by narrow win  – Canberra Times
• After the big banks’ crackdown, where can overseas buyers turn for loans? – Interest.co.nz
• Big four NZ banks face credit rating downgrade – Interest.co.nz
• BNZ’s Tony Alexander picks house price boom to end between late 2017 and mid-2018 – Interest.co.nz
• House prices expected to push even higher as investors rush to beat new restrictions – Interest.co.nz

Other:

• By data-mining a vast collection of novels, researchers have identified the six basic plots that all stories follow – Technology Review
• Uber Raises $1.15 Billion From First Leveraged Loan – WSJ
• This innovation could change space travel forever – The Week

Video:

Crazy – Story of Debt

Circa 40 minutes but quite comprehensive, and ultimately disturbing