Links 31 May 2017

Global Macro / Markets / Investing:

• OPEC Wins Hedge Funds Back With Jump in Oil Bets Before Deal – Bloomberg
• Why Fund Managers May Be Right About the Fed – NY Times
• Bank resolution: The importance of a public backstop – VOX
• World’s Most Painful Short Just Gets Worse for Evergrande Bears – Bloomberg
• Is efficient-market theory becoming more efficient? – The Economist

Americas:

• Why do so few people major in computer science? – Danwang
• Credit Scores Hit Record High as Recession Wounds Heal – WSJ
• How Trump Is Torturing Capitol Hill – The Atlantic
• A Bipartisan Approach to Reforming Medicare – Brookings
• Bank of Canada Decides It’s Too Early to Adopt Blockchain Technology – Newsbtc
• Venezuela opposition accuses Goldman Sachs of financing dictatorship – Reuters
• Goldman Sachs Bought Venezuela’s State Oil Company’s Bonds Last Week – WSJ

Europe:

• German Economy Accelerates on Exports, Investment – WSJ
• Macron labels Russian media outlets as ‘propaganda’ – The Hill
• Macron accuses RT and Sputnik of ‘behaving like deceitful propaganda’ – RT
• Russian Hackers Are Using Google’s Own Infrastructure to Hack Gmail Users – Daring Fireball
• As Putin Looks On, Macron Says Russian State News Channels Spread Lies About Him – The Intercept
• Greece Seeks Inclusion in ECB’s Stimulus Plan – WSJ
• Draghi Says ECB Won’t Buy Greek Bonds Before Debt Deal – Bloomberg
• Two-Party Politics Is Making A Comeback In The UK. But Why? – BuzzFeed
• Draghi’s Riddle of Missing Inflation Argues for ECB Patience – Bloomberg

Asia:

• Singapore regulator fines Credit Suisse, UOB for 1MDB transactions – FT
• Three Chinese Real Estate Tycoons Gain $5.4 Billion In a Day – Bloomberg
• Karmic Battle Takes Place on Shanghai River – WSJ
• India Cancels 14 GW of New Coal as Solar Costs Continue ‘Free-Falling’ – The Energy Mix
• North Korean Tests Add Urgency for U.S. to Fix Defense Flaws – NY Times
• China Charges Activist From Taiwan With ‘Subverting State Power’ – NY Times
• China to implement cyber security law from Thursday – Reuters
• China’s One Belt One Road initiative will need Africa’s support to work – Quartz
• Strong Earthquake Shakes Indonesia’s Sulawesi Island – Bloomberg
• Is China’s economy turning Japanese? – FT

Trans-Tasman:

• ’I am absolutely certain we are in a bubble in this property market’ – The SMH
• 75% of Australian’s believe Climate Change is a ‘catastrophic risk’, so why are our politicians still riddled with inaction? – Renew Economy
• Four million Australians won’t have access to Gbps NBN speeds – New Daily
• Below the poverty line: The real cost of being a university student – ABC
• Green energy fund to be used for coal – The AFR
• ‘Rocketing’: Australia’s clean energy rebounds from setbacks, heads for record year – The SMH
• Centrelink crisis: more than a third of debts overturned by appeals tribunal – The Guardian
• War on Waste: $1.2m funding boost for food-rescue groups to help with energy costs – ABC
• Renewables grow to 17% of electricity mix as sector calls for certainty – The Guardian
• Why Gold Coast light rail was worth it (it’s about more than patronage) – The Conversation
• ACCC takes health fund NIB to court over concealing changes to its MediGap Scheme – The SMH
• Great Barrier Reef can no longer be saved, Australian experts concede – Independent
• Australian business late payments despite low interest rates – DnB
• The most shameless piece of property spruik ever, from the spruiker in chief. – Switzer
• Australian men aged over 85 have the highest rate of suicide – ABC
• How Adelaide might look in three decades – ABC
• To those who claim Australia’s unemployment data is dishonest – please stop – The Guardian
• ‘Welfare for the millionaires’ – Interest.co.nz
• Building consents slump in April, Easter Bunny gets the blame – Interest.co.nz
• So much for speeding up housing infrastructure funding – Interest.co.nz