Links 8 June 2017

Global Macro / Markets / Investing:

• Does a Banking Crisis Lead to a Currency Crisis? (The Case of China) – Council on Foreign Relations
• The Demographic Timebomb: A Rapidly Aging Population – Visual Capitalist
• A Tale of Two Markets: Politics and Investing! – Musings on Markets
• Universal Basic Income Is Not An Innovation Policy – Forbes
• Is the World Overdoing Low Interest Rates? – Bloomberg
• U.S. 10-Year Yield Falls to New Low for 2017 – WSJ
• An Energy Shock from the High Seas – WSJ
• Private Capital Market Ecosystems Meet the Blockchain – Nasdaq
• With bitcoin surge, cryptocurrencies top $100 billion in market capitalization – MarketWatch

Americas:

• A Turning Point for Trumpinology – WSJ
• U.S. Job Openings Hit Record High in April, Topping 6 Million – Bloomberg
• America’s Political Economy: The Inefficiency of Construction and the Politics of Infrastructure – Adam Tooze
• The Trump administration’s misguided focus on trade barriers – VOX
• Senate Republicans Are Closer Than Ever To Repealing Obamacare – Huffington Post
• The Eric Trump cover-up – Think Progress
• Trump floats idea of using solar panels to pay for Mexico wall – Politico
• Americans Are Pouring Money Into Their Homes Like It’s the 1990s – Bloomberg
• Canada’s foreign policy priorities – Canada.ca
• Canada seeks larger world role as U.S. retreats: foreign minister – Reuters
• Vancouver’s real estate prices surge to an all-time high – Business Insider
• Trudeau decides it’s just not worth appeasing Trump in foreign-policy shift – Globe & Mail

Europe:

• I’ve never voted with hope before. Jeremy Corbyn has changed that – The Guardian
• Macho Putin in Driver’s Seat as He Takes Oliver Stone for a Ride – Bloomberg
• May: I’ll rip up human rights laws that impede new terror legislation – The Guardian
• What’s Next for Troubled Spanish Lender Popular – Bloomberg
• Theresa May’s Poor Campaign Has Exposed Her Dependence On Two Key Advisers – Buzz Feed
• Britain’s Voyage to Inglorious Isolation – NY Times
• We were told Corbyn was ‘unelectable’. His fightback shows he’s anything but – The Guardian
• Labour Privately Preparing for a U.K. Election Defeat – Bloomberg
• Sweden’s economy is thriving, so why is monetary policy so loose? – The Economist
• British wages in free fall, only crisis-hit Greece is worse in OECD – RT
• UK workers have had the worst wage growth in the OECD except Greece – The Independent

Asia:

• Live donkey fed to tigers in China zoo after dispute – BBC
• Xi Jinping and Jerry Brown of California Meet to Discuss Climate Change – NY Times
• China’s Gold Imports Seen Jumping 50% as Haven Demand Booms – Bloomberg
• PBOC conducts 498bn yuan MLF operations – Forex Live
• China’s financial clampdown will continue — for now – FT

Trans-Tasman:

• The RBA just told some home truths about how slow wage growth is hurting the economy – Business Insider
• New $300 million wind farm to be built in the Tasmanian highlands – Renew Economy
• The Labor Party, Chinese property developer Huang Xiangmo, and the seat in the NSW parliament – ABC
• Labor flags plan to crack down on non-compete clauses for employees – The Guardian
• Medical experts say lending to Adani is the same as supporting big tobacco – The Guardian
• Fears home owners who rely on rising prices will face mortgage trouble – Domain
• Limiting foreign donation ban to political parties creates ‘activist loophole’ – The Guardian
• Asset recycling may look new and exciting. But it’s the last gasp of a failed model – The Guardian
• After-hours home doctor services deemed poor value for money by taskforce – The SMH
• Andrew Robb did not breach code of conduct by taking $880k consultancy role with Chinese billionaire, Scott Ryan says – ABC
• Coalition defends Andrew Robb after revelation he started job while an MP – The Guardian
• Foreign investment: Barnaby Joyce says Andrew Robb has questions to answer on Landbridge role – The Guardian
• Liberal Andrew Robb took $880k China job as soon as he left Parliament – The Age
• Chinese government hits back at student spying claims in Australia – The SMH
• China must be told to stop interfering in Australian affairs – ABC
• Australia sets new world record for recession free economy – The Guardian [what about Japan?]
• ‘Why up to half of all Australian teachers are quitting within five years’ – The SMH
• ‘Get over yourself’: former New Zealand PM tells Australian politicians to move on – The Guardian
• Seven ways to boost household savings – Interest.co.nz
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Other:

• Tesla is ’definitely’ on track to begin Model 3 production next month, Elon Musk says – CNBC