Links 4 October 2017

Global Macro / Markets / Investing:

• The Pricing of Risk is Kaput – Wolf Street
• Has central bank independence had its day? – Long & Variable
• Goldman Sachs to Explore Starting Bitcoin Trading Venture – Bloomberg
• Capitalists need the nation-state more than it needs them – AEON

Americas:

• The lives lost in Las Vegas – Washington Post
• Why Did the Islamic State Claim the Las Vegas Shooting? – The Atlantic
• 477 Days. 521 Mass Shootings. Zero Action From Congress. – NY Times
• Every Member of Congress Who Took Money From the NRA and Tweeted ’Thoughts and Prayers’ to Las Vegas – Splinter News
• The carnage will continue – Washington Post
• Manufacturing in U.S. Expands at Fastest Pace in 13 Years – Bloomberg
• The US Cities with the Biggest Housing Bubbles – Wolf Street
• ISM Manufacturing index increased to 60.8 in September – Calculated Risk
• Argentina’s Finance Minister Is Ready To Sell You On His Country’s Recovery – Bloomberg

Europe:

• Theresa May leans toward Hammond over Boris – Politico
• ‘We are with you Catalunya’ – the revolt in Spain is bigger than flags and language – The Guardian
• Germany’s election and the trouble with correlation – FT
• Not Just Catalonia: 3 More Places With Dreams of Independence – Time
• Ireland Faces Rebuke From EU for Failing to Collect Apple’s Tax Billions – Bloomberg
• As Spain falls apart, Europe is tongue-tied – Politico

Asia:

• What Makes Singapore’s Health Care So Cheap? – NY Times
• Labour repression & the Indo-Japanese divergence – Pseudo Erasmus
• How Japan Has Virtually Eliminated Shooting Deaths – The Atlantic
• Russian firm provides new internet connection to North Korea – Reuters
• Japan’s business mood hits decade-high, labour shortage bites – BOJ tankan – Reuters

Trans-Tasman:

• Australia confiscated 650,000 guns. Murders and suicides plummeted. – VOX
• Australia Enjoys Another Peaceful Day Under Oppressive Gun Control Regime – Betoota Advocate
• Here’s why Australians will never understand the US obsession with guns – The SMH
• 26 Recession-Free Years Hide a Darker Picture for Australia – Bloomberg
• Congestion charges could cure traffic woes – SBS
• ‘Yes’ advocate accuses Coalition for Marriage of defamation over ‘extremist’ label – Canberra Times
• Refugee who died on Manus Island was due to face court on sexual assault charge – ABC
• Adani: Palaszczuk and business groups brush off allegations of company’s corruption, negligence – ABC
• Adani needs Carmichael mine to stave off income crash, report says – The Guardian
• Leaked COAG agenda reveals Turnbull government plans for new terrorism offences – The SMH
• Australia’s universities are failing to protect free speech – ABC
• Bankers’ Association condemns Coalition’s accountability rules – The Guardian
• Asians expected to make up 22% of this country’s population by 2038 – Interest.co.nz

Other:

• Automakers Plan Electric Car Blitz as Tesla Burns Billions – Bloomberg