Links 11 October 2017

Global Macro / Markets / Investing:

• $4,875: Bitcoin Price Surges toward All-Time High as Altcoins Plummet – Crypto Coin News
• This city now has its very own cryptocurrency – WEF
• Critics of Free Market Shouldn’t Overreach – WSJ
• ETF Trading Volume Slumps to Near Three-Year Lows – WSJ
• No More Free Lunch Is the Big Change Under Way in the Oil Market – Bloomberg
• Rising debt could trigger the next financial crisis, Germany’s finance minister warns – Business Insider
• Bill Gross of Janus blames Fed for ’fake markets’ – Reuters
• Why Bitcoin’s Bubble Matters – WSJ
• Global Economy’s Stubborn Reality: Plenty of Work, Not Enough Pay – NY Times

Americas:

• Household Income and Wealth Gains Favor Older Americans – St Louis Fed
• Republicans Worry About Keeping Trump’s Middle Class Tax Promise – Bloomberg
• Why Corporate Tax Cuts Won’t Create Jobs – NY Times
• Why America Needs Foreign Medical Graduates – NY Times
• Donald Trump now has the excuse he needs to open the floodgates of protectionism – Washington Post
• The Puerto Rico recovery, by the numbers – Axios
• Despite desperate shortages, US fails to mount robust response in Puerto Rico – Oxfam

Europe:

• Catalan bank depositors flock to other regions to open new accounts – Reuters
• We can no longer pretend the British press is impartial – The Guardian
• Preparing for our future UK trade policy – Gov.Uk
• Dutch Central Bank Warns Of Market Calm Before The Storm: – Zero Hedge
• May tells business chiefs: two-year Brexit transition is assured – source – Reuters
• When it comes to the economy, Britain has a choice: May’s 80s rerun or Corbyn’s bold rethink – Prospect
• The Chimera of Franco-German Reform by Hans-Helmut Kotz – Project Syndicate
• ECB: Banks’ Capital Buffers Are Big Enough to Cope With Higher Interest Rates – WSJ
• This Company Loves Brexit. Its Polish Workers Don’t Mind – Bloomberg
• French bankers weighing Brexit face Paris pressure to come home – Reuters

Asia:

• China Central Bank Boss Calls for Reform Amid Congress Countdown – Bloomberg
• BOJ Governor Kuroda pledges to stick with quantitative easing – Reuters
• China’s censorship machine is becoming a growth industry – SCMP
• South Korea prepared to bomb the North’s electrical grid – NY Post
• Indonesia investigates StanChart over $1.4 billion transfer – Reuters

Trans-Tasman:

• Tony Abbott says climate change is ‘probably doing good’ – The Guardian
• Tony Abbott Says Action On Climate Change is like Sacrificing Goats To Appease The Volcano Gods – ABC
• ‘Tony Abbott’s climate frolic is strange and sad – and all about politics’ – The Guardian
• Australia court set to rule on MPs’ dual citizenship cases within the week. If the court rules against the MPs, Australia’s government could fall. – Aljazeera
• Greg Barns: South Australia should become the first state in Australia to legalise recreational cannabis – Adelaide Now
• Rooftop Solar Provides 48% Of South Australia Power, Pushing Grid Demand To Record Low – Clean Technica
• National security contractor hacked, data stolen, Govt reveals – CIO
• Federal Government to blame for backdown on clean energy, Business Council says – ABC
• Rules about gift card expiry dates to change after NSW consumers lose $60m a year – ABC
• There’s “No Evidence” To Support Suspending The Centrelink Robo-Debt System, Government Claims – Buzz Feed
• George Christiansen used taxpayer funds to attack ABC’s Four Corners – The SMH
• Australia ‘dangerously ill-prepared’ for future of work – Labor – The Guardian
• Home ownership Australia: Many young Australians will never pay off their mortgages – News.com.au
• No deal! WA Liberals set to block McGowan’s gold royalty increase – The West
• The case against Tesla and battery storage just hit peak stupid – Renew Economy
• Adani trumps sale of Manhattan as worst deal in history – Michael West
• What ever happened to the 15-hour work week predicted 87 years ago? – ABC
• Fewer than 100 ‘affordable’ houses built under Auckland Housing Accord – Stuff.co.nz
• Peters treating Labour-Greens as one – Interest.co.nz