Links 27 September 2017

Global Macro / Markets / Investing:

• In World’s Hottest Oil Patch, Fears are Mounting That a Bust Is Near – Bloomberg
• The Global Stock Market’s Hidden Juice – WSJ
• Winners and losers from China’s ‘commodities-for-manufactures’ trade boom – VOX
• Equity Traders Act Like There’s Little Risk Left in Europe – Bloomberg
• Leveraged Loans Are Back and on Pace to Top Pre-Financial Crisis Records – WSJ
• Hedge fund legend predicts nearly half of all jobs will be replaced by AI – NY Post
• Riding the energy transition: Oil beyond 2040 – VOX

Americas:

• The large parts of America left behind by today’s economy – Axios
• The History of Sears Predicts Nearly Everything Amazon Is Doing – The Atlantic
• Which States Have Trade Deficits with Mexico? – St Louis Fed
• Demographic Transition and Low U.S. Interest Rates – FRBSF
• A Divider Not a Uniter, Trump Widens the Breach – NY Times
• GOP leaders circulating plan that could end up as massive tax cut for the wealthy – Washington Post
• Trump Tax Plan Said to Cut Taxes for Wealthy and Whack NY and NJ – Bloomberg
• Puerto Rico’s Agriculture and Farmers Decimated by Maria – NY Times
• Hot, isolated, and running out of supplies, parts of Puerto Rico near desperation – Washington Post
• Cash Is in Short Supply in Storm-Ravaged Puerto Rico – Bloomberg
• A Nafta Exit Would Be a Rotten Deal – WSJ

Europe:

• ECB may frontload 2018 bank stress tests with view to Greece: Draghi – Reuters
• Greece’s finances stabilised, the excessive deficit procedure is closed – Consilium – EU
• Germany values its identity just as much as all the cars it exports – The Telegraph
• German Results Reflect European Unease Over Identity, Economy – WSJ
• Germany’s Caribbean coalition will shake Europe – Reuters
• How Germans re-elected Angela Merkel while giving a boost to the far right – Bloomberg
• Chastened Merkel searches for coalition partners after election slide – ABC

Asia:

• China up close: Xi silences once-powerful youth league and former president’s protégé – Nikkei Asian Review
• Tai Ming Cheung » Xi Jinping Remakes the Military: Domestically Acquiescent, Externally Emboldened – China Focus
• China names new military commander for strategically important region near North Korea – SCMP
• China Imposes Limit on Oil Supply to North Korea – AP
• China watches in frustration as North Korea crisis enters dangerous spiral – The Washington Post
• China’s Quest for ‘World Class’ Universities Triggers Spending Spree – Caixin Global
• Students “guided to firmly support the CPC leadership” in education reforms – Xinhua
• China Steps Up Ideology Drive on College Campuses – WSJ
• China charts own path in building world-class universities – Global Times
• China’s Sweeping Pollution Crackdown Puts Chill on Economy – Caixin Global
• North Korea Says Trump’s Tweet Gave It Clearance To Shoot Down US Bombers – BuzzFeed
• North Korea asserts a right to shoot down U.S. bombers – Washington Post
• Escalating tension has experts simulating a new Korean War, and the scenarios are sobering – LA Times
• Japan PM Shinzo Abe calls snap election – BBC
• As China Piles on Debt, Consumers Seek a Piece of the Action – NY Times

Trans-Tasman:

• ‘Vote no to fags’: Outbreak of homophobic violence, vandalism in same-sex marriage campaign – Brisbane Times
• Australia commits to establish space agency with no budget, plan, name, deadline … – The Register
• Banks ditch ATM fees, but calls for a royal commission remain strong – The SMH
• Gas crisis ‘three times bigger’ than thought, Malcolm Turnbull says – The SMH
• Billionaire Solly Lew lashes out at landlords, Myer – Brisbane Times
• Showdown over Sunday penalty rates begins – ABC
• AFP returns $200,000 in crime proceeds to China in goodwill gesture – ABC
• Government must act within ‘weeks’ to prevent power crisis, Ai Group says – ABC
• International students urged to speak out about rogue employers – ABC
• A reminder of what Winston Peters wants in monetary policy & banking – Interest.co.nz
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