Links 27 November 2017
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Global Macro / Markets / Investing:
- Inflation targeting and interest rate procyclicality – VOX
- The Guardian view on productivity: the robots are coming – The Guardian
- These are the jobs already being created by the artificial intelligence boom – Quartz
- S&P downgrades South Africa’s local currency debt to ’junk’ status – Reuters
- The Uncertain Future of Bitcoin Futures – Bloomberg
- Oil Investors’ Surprise New Worry: An Over-Achieving OPEC – WSJ
- The impact of big research infrastructure facilities on local scientific output – VOX
- Cryptocurrencies Don’t Belong in Central Banks – Bloomberg
- Information inequality – VOX
- Blockchain Is the Latest Pixie Dust for Stocks – Bloomberg
- Is the economy suffering from the crisis of attention? – Bank Underground
- Black Friday just made Jeff Bezos the world’s only $100-billionaire – Quartz
- Central Banks Are Right When They Say No One Understands Them – Bloomberg
Americas:
- Bush 41 becomes longest-living president in US history – The Hill
- How December Could Make or Break the Trump Presidency – New Yorker
- In America’s Heartland, the Nazi Sympathizer Next Door – NY Times
- How Trump is slowly destroying America’s national security agencies – The Guardian
- Is Anyone Good Enough for an H-1B Visa? – NY Times
- A historian on the myths of American trade – The Economist
- The insane logic of cutting taxes on the highest earners in the United States – Quartz
- As Global Governments Raise Taxes, U.S. Revenues Are Already Falling – WSJ
- Nafta Talks Have High Stakes for Two Texas Bridge Owners – NY Times
- Elitists, crybabies and junky degrees: America’s political divide on higher education – Washington Post
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Europe:
- In retaliatory move, Putin signs media ’foreign agents’ law – CNN
- Electoral body rejects claim by Vote Leave that it allowed donations – The Guardian
- Brexit explodes the ambiguity that underpins Northern Ireland – The Economist
- Brexit ‘calamity’ haunts UK farmers – FT
- Australia knocks UK Brexit trade plan – BBC
- How the sandwich consumed Britain – The Guardian
- The inside story of how David Cameron drove Britain to Brexit – Prospect
- Momentum grows for another grand coalition in Germany – Reuters
- Why Putin’s Foes Deplore U.S. Fixation on Election Meddling – NY Times
- Italy, Bracing for Electoral Season of Fake News, Demands Facebook’s Help – NY Times
- Putin Crowns Himself OPEC King – Bloomberg
- German Business Optimism Climbs to Record as Economy Booms – Bloomberg
Asia:
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- Flipping lids! Chinese barber offers eyelid shaves – Reuters
- Beijing’s migrant workers sent packing in safety crackdown after deadly blaze – SCMP
- Chinese bike share graveyard a monument to industry’s ’arrogance’ – The Guardian
- China’s $3.4 Trillion Corporate Bond Market Faces Rocky 2018 – Bloomberg
- Skype Vanishes From App Stores in China, Including Apple’s – NY Times
Trans-Tasman:
- Queensland election result likely to remain unknown for days – ABC
- One Nation concedes defeat in Ipswich and Buderim – The SMH
- Nick Xenophon calls for mandatory palm oil labelling – Ten Play
- Great Barrier Reef: Scientists use new technology to regenerate Australian icon – ABC
- Murray-Darling Basin: SA launches royal commission into alleged water theft – ABC
- Queensland election: George Christensen blames Turnbull after poor LNP result – The Guardian
- Coalition could allow firms to buy access to facial recognition data – The Guardian
- ‘It seems like panic’: Turnbull’s parliamentary no-show – The SMH
- Production heats up for South Australian renewable energy storage company – The Lead South Australia
- ‘Epidemic of anxiety’: Poll shows more Australians girt by fear – Border Mail
- Coalition Government draws up hit-list of Labor pollies under dual-citizenship cloud – The West
- Queensland election: Experts say LNP’s power station plan not viable, would raise prices – ABC
- ‘It would have been devastating’: Kevin Rudd reveals emergency call to George W Bush to avert GFC disaster – The Age
- One Nation left without state leader as key Hanson candidates tank – ABC
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Putting NZ’s current tax structure in a broad perspective – 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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