Weekend Links 16-17 June, 2018

All night joint, Frank Andrew, 1946, Art Gallery of NSW

I will load more later but I need to run kids around first – G

Global Macro, Markets & Investing

• Trump announces $50bn in China tariffs, escalating possibility of trade war – Guardian
• Here’s How a Trade War Between the U.S. and China Could Play Out – Bloomberg
• China’s U.S. Treasuries Holdings Fell $5.8 Billion in April – Bloomberg
• Trump Says He May Upset China on Trade as U.S. Tariffs Loom – Bloomberg
• Russia, Saudi Arabia agree OPEC+ format should be extended – Reuters
• The Anatomy of Global Debt – Project-Syndicate, Davies
• Why employment rates in the US have lagged other countries – VoxEU
• A ‘new neutral’ world: Global debt and equilibrium interest rates – VoxEU
• Macroprudential tools, capital controls, and the trilemma: Insights from the Bretton Woods era – VoxEU

Americas

• U.S. prosecutors pull encrypted messages from phones seized in Cohen raids – Reuters
• America’s Baby Bust – Project-Syndicate, Turner
• The Republicans’ Protectionist Pedigree – Project-Syndicate, Frankel

Asia

• Beijing strikes back! China puts tariffs on US$50 billion of US goods after Donald Trump kicked off trade war – SCMP
• Chinese navy deploys drones in South China Sea missile drills – SCMP
• China’s securities regulator warns of bubble in new economy IPOs – SCMP
• China’s housing ‘melt up’ continu
• China’s Economy Is Slowing Just as Trump Readies a Trade Beating – Bloomberg
• China’s Housing ‘Melt up’ continues, as new home prices rocket most in 19 months during May – SCMP
• The FDI earthquake you probably missed, and what it signals for global trade – SCMP
• China surprises with threat on U.S. energy exports – Reuters
• Gazprom to begin pipeline supplies to China in December 2019 – Reuters

Europe

• ECB calls halt to quantitative easing, despite ‘soft’ euro – Guardian
• Putin’s Economic Dilemma – Project-Syndicate
• Can the Euro Be Saved? – Project-Syndicate, Stiglitz

Oceania

• Trump triggers talk of Australia going nuclear – Domainfax
• Baby dies at Sunshine Hospital after two-hour wait in emergency – Domainfax
• ‘Frankenstein’s monster’: Energy plan may allow states to ‘free ride’ – Domainfax
• Losing our way: How the cult of the KPI has damaged our moral compass – Domainfax
• Pizza wars: paying heavy price for a slice – Domainfax
• ASIC taking Westpac and a former financial planner to court over poor financial advice allegations – ABC
• Low wage growth: Working Australia’s great struggle is threatening economic growth – ABC
• Consumers more annoyed with their energy company than their banks and mobile providers – ABC
• Australia’s bank chief warns low wages growth will hurt economy – Guardian
• BHP, partners to build $3.4 billion iron ore mine in Australia – Reuters

…and furthermore…..

• Social mobility in richest countries ‘has stalled since 1990s’ – Guardian
• Rise of the machines: has technology evolved beyond our control? – Guardian
• Norway to discuss construction of its first floating wind farms next week – Reuters
• What did Max Weber mean by the ‘spirit’ of capitalism? – Aeon
• The divided public heart: Is politics driven by pragmatic self-interest or by identities and ideals? The self-harming voter offers a clue – Aeon
• Even if you build it, the poor can’t come: against supply-side – Aeon
• Cryptocurrencies are lousy investments – VoxEU
• Digitalisation of money and the future of monetary policy – VoxEU
• Some ways to introduce a modern debt Jubilee – VoxEU
• Demographics and long-run growth – VoxEU