Links 23 August 2018

Global Macro / Markets / Investing:

• Internal documents reveal the grueling way Tesla hit its 5,000 Model 3 target – Business Insider
• S&P 500 hits all-time high, and ties record for longest bull market ever – CNBC
• Could Trade War Lead to the Real Thing? – Bloomberg
• The stock market’s latest sell signal has happened only 5 other times since 1895 – MarketWatch
• U.S. Stocks Poised to Enter Longest-Ever Bull Market – WSJ
• The moral implications of luck – VOX
• CoinDesk’s quietly profitable media business – Axios
• The importance of locking in full employment for the long haul – Economic Policy Institute
• No, Stocks Aren’t Cheap, but Don’t Act Rashly – WSJ
• What killed coal? Technology and cheaper alternatives – CNN
• The biggest economic policy mistake of the last decade, and it had nothing to do with academic economists – Mainly Macro

Americas:

• Michael Cohen Pleads Guilty to Eight Criminal Counts – NY Times
• After two convictions, pressure mounts on Trump – Washington Post
• Cohen’s Guilty Plea Puts Trump in a Perilous Spot – Bloomberg
• E.P.A.’s New Coal Pollution Rules Will Lead to More Deaths, Agency’s Numbers Show – NY Times
• The Bipartisan Cry of ‘Not in My Backyard – NY Times
• Elizabeth Warren proposes banning Congress from owning stocks as part of sweeping anti-corruption bill – Washington Examiner
• A One-Two Punch Puts Trump Back on His Heels – NY Times
• Trump lands his first congressional endorsements – Politico
• NAFTA ’handshake’ deal with Mexico targeted for Thursday – Politico
• Shacking Up With Mom and Dad – Bloomberg
• The inescapable weight of my $100,000 student debt – The Guardian
• Fed Is Caught Between Phillips Curve and Yield Curve – Bloomberg

Europe:

• Facebook Fueled Anti-Refugee Attacks in Germany, New Research Suggests – NY Times
• Russia is preparing to search for a nuclear-powered missile that was lost at sea months ago after a failed test – CNBC
• EU-wide deposit insurance is the best antidote to populism – FT
• Britain extends lead as king of currencies despite Brexit vote – Reuters
• Germany urges EU payment system without U.S. to save Iran deal – Reuters
• Swiss Cows Get Too Fat for Their Own Good – Bloomberg
• EU diplomats expect delay in Brexit deal beyond October target – Reuters
• The Greece Bailout’s Legacy of Immiseration – The Atlantic
• No-deal Brexit could leave hospitals with drug shortage, say NHS chiefs – The Times

Asia:

• Chinese ETF Investors Throw Gold a Lifeline – Bloomberg
• Economics Professor Expelled for ‘Politically Harmful’ Expressions – China Change
• Chinese Maoists join students in fight for workers’ rights – SCMP
• China’s Museums Rewrite History to Boost Xi – WSJ
• New Reality of China’s Failing Economy Is Coming Soon – Daily Reckoning
• China, World’s Biggest Polluter, Hits Carbon Goals—12 Years Early – Daily Beast
• Taiwan says China is ‘out of control’ as it loses El Salvador to Beijing – CNBC

Trans-Tasman:

• Dutton childcare company received $5.6 million in public money – Canberra Times
• Shorten wants Government in caretaker mode until leadership is sorted – Scribble
• TURNBULL RESIGNS: “I want to spend more time with my family trusts” – Chaser
• Labor Party call emergency meeting to discuss how they can still fuck this up – Betoota Advocate
• What’s the point of the Liberal party if it just panders to an ever-narrowing base? – The Guardian
• In the interest of the country, it’s time to go to the polls – The SMH
• 10 frontbenchers have now offered their resignation, the latest being Alan Tudge – SBS
• Liberal leadership crisis: Peter Dutton vows to challenge Malcolm Turnbull again – The SMH
• Live export company Emanuel Exports loses its licence after deaths of 2,500 sheep – ABC
• Peter Dutton leadership bid could throw WA’s GST deal in doubt, Treasurer warns – ABC
• Radio host Ray Hadley in storm over Peter Dutton text message – The Age
• PM throws Peter Dutton to Labor’s wolves – New Daily
• Our concern about the drought isn’t fair dinkum – The SMH
• Labor now does politics better than the Liberals – The Conversation
• Govt needs to be open to ‘a range of funding avenues’ – Interest.co.nz

Other:

• Arctic’s strongest sea ice breaks up for first time on record – The Guardian