Links 3 October 2017

Global Macro / Markets / Investing:

• Chris Whalen On The CDO-Redux & Inevitable “Catastrophic Systemic Risk Event” – Zero Hedge
• Wealth Inequality Is Higher Than Ever – Jacobinmag
• The Link Between Economic Growth and Tax Cuts Is Tenuous – WSJ
• IMF Head Foresees the End of Banking and the Triumph of Cryptocurrency – Fee
• Bet with Warren Buffett, not against him – Live Mint
• Hedge funds are ’dancing on the rim of a volcano’ – Business Insider
• IMF’s Lagarde says digital currencies could boost its own SDR – Reuters

Americas:

• The U.S. Can No Longer Afford Deficit-Increasing Tax Cuts – WSJ
• The best economic case for the GOP’s new tax plan – VOX
• Donald Trump Is Using Puerto Rico’s Crisis To Push His War Against The Media – Huffington Post
• Puerto Rican Troops Are Still Waiting for Orders While Residents Cry for Help – Daily Beast
• Trump slams “politically motivated ingrates” in Puerto Rico – Axios
• No, Trump Didn’t Botch the Puerto Rico Crisis – Bloomberg

Europe:

• How the ECB should respond to a German fiscal boost – CER
• EU crisis as Catalonian referendum descends into violence – The Telegraph
• Catalonia has ’won right to statehood’ – BBC
• Catalan leader opens door to secession from Spain after vote – Reuters
• Catalonia independence vote descends into chaos – CNN
• A Majority in Spain Don’t Want Catalonia, or Any Other Region, to Break Away – WSJ
• Hundreds Hurt as Catalans, Spanish Police Clash Amid Independence Referendum – WSJ
• Venezuela blasts Spain’s Rajoy over ’repression’ in Catalonia – Reuters
• In the long run, Uber will cut 40,000 jobs in London – Business Insider
• PM May pledges to freeze tuition fees – BBC
• Lax regulation has turned Britain into a rentier’s paradise – FT
• Germany: Why a Jamaica Coalition Deepens the Division of Society – The Globalist

Asia:

• China steps up battle against runaway property prices – FT
• Kim Jong Un’s Nephew Was in Danger After Father’s Killing, North Korean Group Says – WSJ
• Trump signed presidential directive ordering actions to pressure North Korea – Washington Post
• 1.4 billion touchscreens can’t be wrong: Chinese mobile-pay culture takes great leap – Missoulian
• Liberalism in China – Econ Journal Watch
• A North Korean ship was seized off Egypt with a huge cache of weapons destined for a surprising buyer – Washington Post

Trans-Tasman:

• Pauline Hanson: Raise voting age to 21 to ban ‘no clue’ youth – News.com.au
• Musk signed 100 megawatt battery deal on Friday, 100 day countdown begins ($50 million bet) – Huffington Post
• Toyota shutdown to leave thousands jobless – SBS
• How Australia blew its future gas supplies – Brisbane Times
• Queensland Uber drivers required to have taxi licenses from January 2018 – Courier Mail
• John Howard criticised for ‘vote no’ ads – 9News
• Musk gets connection deal for Tesla big battery, and then switches it on – Renew Economy
• NASA: Australian Winter Was Unusually Warm and Dry – Earth Observatory
• Why Aussies are migrating to NZ in droves – family make Sydney-to-Hamilton move – NZ herald
• Unexpectedly unemployed: How to cope with losing your job – ABC
• Govt moves to slash welfare for TAFE and private college students – ABC
• Sydney home prices fall for the first time in 17 months – ABC
• Net migration gains may finally have started heading downwards – Interest.co.nz
• Peters talks to English & Ardern – Interest.co.nz