Links 16 June 2017

Global Macro / Markets / Investing:

• The Market Is Not As Top-Heavy As It May Seem – Fortune Financial Advisers
• Not Even The Algo Creators Know What Is Going On – Zero Hedge
• Refugees May Be Good For The Economy – FiveThirtyEight
• Efficient Market Theory Even Seems To Confound – Value Walk
• Populism and the Economics of Globalization – Harvard

Americas:

• America’s Lethal Politics – NY Times
• Poll shows most doubt Trump’s respect for institutions – AP
• Reinforcing the Boundaries of Political Decency – The Atlantic
• Fed raises interest rates again in further sign of confidence in US economy – The Guardian
• The Fed just took action to slow job creation despite low inflation – VOX
• Federal judge orders more environmental analysis of Dakota pipeline – Reuters
• The unpopular Trump is shrinking the GOP – Washington Post
• Why Americans pay more for sugar – Washington Post
• Trump’s Reciprocal Tariffs Don’t Add Up – Bloomberg
• Drop in U.S. Retail Sales Signals Uneven Consumer Spending – Bloomberg

Europe:

• Greece Seeks Credible Debt Deal in Push for Crisis Drama Finale – Bloomberg
• Best To Assume Russia Sanctions Last Forever – Forbes
• ’Disaster waiting to happen’: fire expert slams UK tower blocks – The Guardian
• Customs union membership is no way out of the Brexit trap – CER
• Theresa May considers sweetener deal to let EU nationals bring in non-EU spouses to UK after Brexit – The Telegraph
• Wage growth hit by higher inflation – BBC
• Is Greece’s labour market bouncing back? – Bruegel
• Ireland’s first gay prime minister enters office – Yahoo

Asia:

• Beijing protesters in rare clash with police over school dispute – Reuters
• Jack Ma’s Libertarian Talk Approaches Red Line – Bloomberg
• China approves 9 Trump trademarks previously rejected – AP
• China became the world’s top exporter by doing the opposite of what Trump wants the US to do – Quartz
• China’s Skyscraper Age Is Over – Bloomberg

Trans-Tasman:

• Malcolm Turnbull Impersonates Donald Trump in Leaked Audio – 9News
• ‘Clean’ coal-fired power will not work: industry insider – ABC
• The Senate Just Sold Out Indigenous Land Rights To Help Adani – Junkee
• Abbott money man hit by China donations scandal – The Age
• Universal basic income could greatly improve workers’ lives, report argues – The Guardian
• John Warhurst: We need a royal commission into the corruption and decay of Australian politics – John Menadue
• Food waste shapes up as a national scandal – Weekly Times
• When is ‘not a backdoor’ just a backdoor? Australia’s struggle with encryption – The Conversation
• Cladding in London high-rise fire also blamed for 2014 Melbourne blaze – The Guardian
• Tony Abbott and Peter Dutton condemn payout to refugees detained on Manus Island – The Guardian
• Brutal truth of Australia’s detention regime can’t be written off. Not even for $70m – The Guardian
• ‘This is outrageous’: Liberals rush to defend colleagues facing contempt of court charges – The Age
• Senate backs commission of inquiry into banks – The SMH
• Labor calls for postponement of online GST legislation – ZDNet
• The unseen epidemic sweeping Australia and taking mostly men – The Age
• Tax evaders exposed: why the super-rich are even richer than we thought – The Guardian
• Govt orders inquiry to see if any NZ high rises are clad in combustible materials – Interest.co.nz
• OECD to NZ: Get ready for adulthood – Interest.co.nz