Links 5 September 2018

Global Macro / Markets / Investing:

• Summers: Setting the Record Straight on Secular Stagnation – Project Syndicate
• Don’t Get Into a Knife Fight with Larry Summers – Marginal Revolution
• Secular Stagnation, Myth and Reality – Economic Notes
• The Next Financial Crisis Lurks Underground – NY Times
• How to Retire in Your 30s With $1 Million in the Bank – NY Times
• When Machines (and Humans) Decide to Sell at Once – WSJ
• The Power of Private Blockchains Is Beginning to Show – Coin Desk
• A shake-up of audit’s oligopoly is long overdue – FT
• Turkey Central Bank Vows to Take Action After Inflation Hits 18% – WSJ
• Can Anyone Other than the U.S. Fund a Current Account Deficit These Days? – Council on Foreign Relations

Americas:

• ‘Two easy wins now in doubt’: Trump renews attack on Sessions – Washington Post
• Democrats, Eyeing a Majority, Prepare an Investigative Onslaught – NY Times
• Trump’s Policies Will Displace the Dollar – Project Syndicate
• The searing photos that helped end child labor in America – Washington Post
• Trump rolls back worker safety rules – Politico
• Silicon Valley Doesn’t Like Trump. It Can Still Work With the Government – NY Times
• Argentina unveils austerity programme to stem crisis – FT
• Argentine currency crisis spreads to politics – FT
• Brazil museum fire: ‘incalculable’ loss as 200-year-old Rio institution gutted – The Guardian
• A Bogus Deal on Nafta – NY Times

Europe:

• Scandal-hit Danske branch handled $30bn of Russian money – FT
• Mark Carney is not bigger than the Bank of England – FT
• Pressure on Carney to reveal if he will stay at Bank of England – FT
• Putin Gets Love From New State TV Show as Poll Ratings Slide – Moscow Times
• No deal Brexit will be overwhelmingly negative for the UK, new academic report finds – UK in a Changing Europe
• Former Eurogroup head Dijsselbloem says demands on Greeks were too heavy – Reuters
• Berlin falls in love with big banks – FT
• Poll: Brexit will build majority support for Scottish independence – Scottsman

Asia:

• Japan, savings superpower of the world – Japan Times
• Myanmar court jails Reuters reporters for seven years in landmark secrets case – Reuters
• Myanmar Sentences Reuters Journalists to 7 Years in Prison – NY Times
• India Pushes Back Against Tech ‘Colonization’ by Internet Giants – NY Times

Trans-Tasman:

• Philip Island documents reveal multi-million-dollar Coalition settlement with developers – ABC
• Democracy under siege from the rising forces of plutocracy – Michael West
• 224 stubbies a year: Australians’ alcohol consumption plunges to lowest since 1962 – The Age
• Energy companies warn against ‘sledgehammer’ royal commission as Coalition warms to the idea – The SMH
• A chequered history: Matthew Guy’s most controversial decisions – The Age
• The spectre of Tony Abbott hangs over Scott Morrison – New Daily
• Union attacks Bureau of Meteorology plans to end local weather forecasting in most states – ABC
• Corruption, incompetence and a musical: Nauru’s riches to rags tale – The Guardian
• Our financial system only works for the 1%. It will take another crash to fix it – The Guardian
• Controversial trial of banned gas technology gets tick of approval in South Australia – ABC
• Scott Morrison sends his children to private school to avoid ‘skin curling’ sexuality discussions – The Guardian
• Introducing land rent, the ACT’s excellent idea for making houses cheaper – The Conversation
• Peter Dutton says Greens’ no-confidence plot is policy payback – 9News
• Kelly O’Dwyer says MPs were bullied during spill, as senator vows to name names – The Guardian
• Hobart council elections at risk of being rorted by recruiting eligible non-citizen voters: former lord mayor – ABC
• Malcolm Turnbull defends son for supporting Labor donations – 9News
• Australia’s political parties got $62m in ‘dark money’ donations last year – The Guardian