Links 2 October 2017
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Global Macro / Markets / Investing:
- IMF’s Lagarde says digital currencies could boost its own SDR – Reuters
- Byron Wien: Bull Market Has 2 Years or More – Barron’s
- Low yields are here to stay – Mamo Advisory
- Value Proposition – Washington Post
- Swiss regulator probes ICOs following fake coin scandal – Swiss Info
Americas:
- The new reality of old age in America – Washington Post
- Why We Need a NAFTA for the Digital Age – America Quarterly
- San Juan mayor: ’I am begging, begging anyone who can hear us to save us from dying’ – The Hill
- Rich would benefit most from Trump tax cut plan: policy group – Reuters
- Tax Cuts for “Pass-Through” Businesses are Cuts for Rich People, Not Businesses – CEPR
- GOP Faces Challenge With Tax Overhaul: How to Treat the Rich – WSJ
- GOP tax plan would provide major gains for richest 1%, uneven benefits for the middle class, report says – Washington Post
- Personal Income increased 0.2% in August, Spending increased 0.1% – Calculated Risk
- America Never Deserved Puerto Rico – GQ
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Europe:
- Google Conducting Broad Investigation of Russian Influence – WSJ
- Russian meddling machine sets sights on Catalonia – Elpais
- High Yield Investors Sweat for Return in Europe ’Sellers Market’ – Bloomberg
- Carney Says U.K. Economy Still Looks on Track for Rate Hike – Bloomberg
- A Jamaican Germany is good for Europe – Bruegel
- €700 million new support for SMEs in Greece – European Union
- Euro-Area Inflation Stuck Too Low as ECB Debates Stimulus – Bloomberg
- London house prices fall for first time in eight years as rest of UK rises – The Guardian
- UK annual GDP growth revised down for second quarter, July services weak – Reuters
- Merkel’s chief of staff to take over as acting German finance minister, newspaper reports – Reuters
Asia:
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- Top U.S. Spymaster Warns American Firms About Deals With China – Bloomberg
- Cryptocurrency Exchanges Get Nod to Operate in First for Japan – Japan
- China says consumer loans can’t be used to ’fuel property bubble’, launches probes – Reuters
- Vietnam court sentences to death PetroVietnam ex-chairman in mass trial – Reuters
- China’s Harsh Words Mask a Trade Boom With South Korea – NY Times
- Japan’s Inflation Rises 0.7% Amid Tight Job Market – Bloomberg
Trans-Tasman:
- ’If I’m not safe, no one is’ – when property investing goes bad – The SMH
- Chinese money seeps through the cracks into world’s housing market – Domain
- National Party president Larry Anthony’s company lobbying for Santos, Delta Electricity – ABC
- Bill Hayden, the most visionary PM we never had, says Paul Keating – The Age
- Australian regulators have finally made a move on initial coin offerings – The Conversation
- Australia has a lot of coconut palms — so why don’t we have a coconut industry? – ABC
- Why we’re not getting a federal ICAC – The Saturday Paper
- ‘Still cowboys’: Why the rush to develop coal seam gas leaves communities wary – The SMH
- Malcolm Turnbull destroys Waleed Aly – You Tube
- Fixing NBN requires tougher rules and stronger watchdog, parliamentary report finds – ABC
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Why a Capital Gains Tax is a good idea – Interest.co.nz
- For whom the road tolls – Interest.co.nz
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Other:
About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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