Links 12 September 2016

Global Macro / Markets / Investing:

• The origin of secular stagnation – VOX
• Rate-Rise Fears Trip Up Markets – WSJ
• Leverage Soars to New Heights as Corporate Bond Deluge Rolls On – Bloomberg
• Why a forgotten 1930s critique of capitalism is back in fashion – The Guardian
• Humans have destroyed a tenth of Earth’s wilderness in 25 years – The Guardian
• Botched globalization led to Trump, Brexit–Nobel economist – Inquirer
• No Stimulus, No Peace as Stocks End Two-Month Snooze With Plunge – Bloomberg
• The global shipping industry’s woes – The Economist
• Hostage to a Bull Market – WSJ
• Dow Decline Signals End of Western Civilization – The Reformed Broker
• The toxic asset made famous by ’The Big Short’ might actually be a good investment – Business Insider
• The twisted logic of negative interest rates – FT

Americas:

• Hillary Clinton Is Right About Trump’s Supporters And Prejudice – The Atlantic
• Why Clinton isn’t sweating ‘deplorables’ – Politico
• Clinton: Half of Trump’s supporters fit in ‘basket of deplorables’ – Washington Post
• Donald Trump Has His Own 47 Percent Problem, And It’s Just As Bad As Romney’s – Huffington Post
• The Bitch America Needs – NY Times
• Big oil companies are backing Clinton Over Trump – Business Insider
• How 9/11 Changed These Muslim Americans’ Lives Forever – Huffington Post
• Vancouver real estate speculators taking advantage of loopholes and lax oversight – Globe & Mail (Disturbing story. Australia is likely the same)

Europe:

• The street that voted for Brexit: What happens next? – BBC (A glimpse into Australia’s future?)
• Norway Then and Now: Tilbakeblikk – The Atlantic
• ’Times are changing, pay your taxes’, euro zone chief tells corporations – Reuters
• Germany’s Schaeuble says common corporate tax base in EU good idea – Reuters
• Imagine Leave had lost the EU referendum. Would you have been a cry-baby? – The Telegraph
• British Trade Secretary Calls Country ’Too Lazy and Fat’ – Time
• EU announces new €115 million emergency support to improve conditions for refugees in Greece – European Union
• Europe’s incompatible political trinities – VOX

Asia:

• North Korea, Far From Crazy, Is All Too Rational – NY Times
• A Big Blast in North Korea, and Big Questions on U.S. Policy – NY Times
• Chinese Billionaire Linked to Giant Aluminum Stockpile in Mexican Desert – WSJ
• Bank of Japan’s errors threaten lasting scar for central banks – FT
• Bank of Japan Risk: Running Out of Bonds to Buy – WSJ
• China is Bringing Jobs Back to America’s Heartland – Bloomberg

Trans-Tasman:

• Australia hit by Chinese steel dumping – SBS
• Peter Costello’s blast: Liberal Party lacks clear vision – The Australian
• ‘So far, so good’: Malcolm Turnbull reviews his first year as PM – The SMH
• “In the next three years, NBN will put Australia ahead of the world for high speed, universal broadband access.”, says NBN co chief executive – Yahoo
• John Howard calls for Malcolm Turnbull to water down Racial Discrimination Act – The Age
• John Howard rejects any link between IS conflict and 9/11 response – SBS
• Christopher Pyne loses his cool at Karl Stefanovic over Dastyari scandal – 9News
• China extends its influence in the South Pacific – ABC
• Top Education: Company at centre of donations furore a beneficiary of streamlined visa program – Canberra Times
• Political donations: Sam Dastyari ‘living example of entitlement culture’ former Labor minister says – ABC
• Pauline Hanson is back, and it’s still just as hard to counter her rhetoric with facts – The Guardian
• Banks and fossil fuels: They are breaking the first law of holes – Renew Economy
• Puzzling Out Australian Exceptionalism — Quadrant Online
• Inside the split at the Climate Change Authority – Saturday Paper’
• George Brandis must explain $370,000 appointment of Liberal donor, says Labor – Canberra Times
• Banking inquiry told it does not have powers of royal commission – The Guardian
• Morale falling, staff optimism about CSIRO future low, survey shows – ABC
• Horror at 7-Eleven: no compensation and no goodwill for franchisees – The Age
• Howard tells Turnbull to face up to reform – The AFR
• Focus KiwiSaver HomeStart on funding new builds – Interest.co.nz

Other:

• Why Walking Helps Us Think – New Yorker
• The Caribbean’s Running Out of Coconuts – Bloomberg