Global Macro / Markets / Investing:
- This Is The Most Hideously Overvalued Market In History – Zero Hedge
- Fractional-Reserve Banking and Money Creation – Mises
- Why blockchains fail and decentralization succeeds – Venture Beat
- Goodbye, Yellow Brick Road – WSJ
- Bond Traders Still Come Out as Winners After Four Fed Rate Hikes – Bloomberg
- Has the meteoric rise of passive investing generated the “greatest bubble ever”? – 13d
- Central bank communication strategies – VOX
- Reports of globalization’s death greatly exaggerated, says BIS – Reuters
Americas:
- The Watergate scandal, which began today in 1972, shows how long it takes to bring down a corrupt president – Quartz
- Mr. Trump’s Dangerous Indifference to Russia – NY Times
- Two years ago, they couldn’t look away. Now some Trump supporters are tuning out. – Washington Post
- CEOs Have Access to Trump, but Do They Have Clout? – WSJ
- Trade War Risks From ‘National Security’ Tariffs – WSJ
- One Ohio Town’s Immigration Clash, Down in the Actual Muck – NY Times
- Temperature of U.S. Economy Running Cooler Than Forecast – Bloomberg
- Canada Proposes New Bail-in Regulations for Country’s Banks – Bloomberg
Europe:
- London counter-terror police investigate after van hits worshippers near mosque – The Guardian
- Grenfell Tower fire: this is the London ignored, its stories seldom heard – The Telegraph
- Britain is leaving the EU – just as Europe is on the up – The Guardian
- Where will we live?: The Housing Disaster – Irb.co.uk
- France polls: Macron’s party set for parliamentary majority – BBC
- George Orwell’s idea of a better England is stirring again today – The Guardian
- U.K.’s Brexit Negotiating Team Includes Diplomats, EU Experts – Bloomberg
- With a weakened leader and reeling from crisis, Britain hurtles into the Brexit unknown – Reuters
- Business bodies come together in call for softer Brexit – BBC
- Tories are in no position to negotiate a good Brexit deal, says Jeremy Corbyn – Mirror Online
- U.K. to Extend Parliament, Build ‘Broadest Consensus’ for Brexit – Bloomberg
Asia:
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- Chinese gays hear wedding bells as Taiwan move fuels hope – Hongkongfp
- Meet the Chinese finance giant that’s secretly an AI company – Technology Review
- Top North Korean Nuclear Negotiator Secretly Met With U.S. Diplomats – WSJ
- Greece blocks EU statement on China human rights at U.N. – Reuters
- China is torturing civil-rights lawyers – The Economist
- U.S. Invests $258 Million in Supercomputing Race With China – WSJ
- China Makes Leap Toward ‘Unhackable’ Quantum Network – WSJ
- Going Short Is a Quick Route to Pain in Hong Kong – WSJ
Trans-Tasman:
- Australia’s Haunted Housing Market – Bloomberg
- Why you’re about to pay through the nose for power – ABC
- ACCC calls on Australians to sign up for broadband speed testing – ACCC
- Documents expose Chinese influence in NSW Parliament – The SMH
- NBN users five times more likely to complain about service: survey – The SMH
- Australia’s murder rate falls to record low of one person per 100,000 – The Guardian
- Australia push to make decryption easier – The Guardian
- Land clearing rates in Queensland on par with Brazil, new study finds – ABC
- Mining company chooses to protect rare deposit of zebra rock – ABC
- Innovation nation? Australia tumbles to 23rd place in a benchmark index of global innovation – Business Insider
- ‘The way they manipulate people is really saddening’: study shows the trade-offs in gig work – The Conversation
- GST extended to all goods bought overseas from July 2018 – The Guardian
- Almost two-thirds of Australians see home ownership as something for the wealthy, survey finds – Domain
- Australia’s use of cladding to be investigated by Senate committee following Grenfell fire – ABC
- ‘I know how long it takes’ – Gerry Harvey’s Amazon warning – The SMH
- Violence against nurses is on the rise, but protections remain weak – SBS
- One Nation throws support behind Gonski 2.0 – 9News
- Wealthy schools to get $1.6 billion extra funding if Gonski 2.0 fails – SBS News
- Labor poised to deliver verdict on Coalition’s citizenship changes – The Guardian
- NSW budget faulted for cutting subsidies for new homes – The AFR
- ‘Making a pig’s ear out of housing’ – Interest.co.nz
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Overload, the labour market & nativist angst – Interest.co.nz