Crowd, Grace Cossington-Smith, 1922, National Gallery of Victoria
Global Macro
- As US turns up heat on China, trade war moves beyond tariffs to new battlefronts – SCMP
- China ‘spy chips’ rattle global data center supply chain – Nikkei Asia Review
- Surprising Truths About Trade Deficits – NY Times
- Soaring US dollar threatens trouble for emerging markets – Guardian
- U.S. Payrolls and Wages Cool While Jobless Rate Hits 48-Year Low – Bloomberg
- Bad Financial Moon Rising – Project-Syndicate, White
- ‘There is a shock coming’: why markets should brace for trouble – NineFax, AEP
Asia
- India holds key rate, sends rupee to new low – Nikkei Asia Review
- Chinese police get power to inspect internet service providers – SCMP
- Missing Interpol president Meng Hongwei ‘under investigation’ in China – SCMP
- China’s Small Farms Are Fading. The World May Benefit. – NY Times
- Indonesia Pledges More Action as Currency Continues to Slide – Bloomberg
Europe
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- New evidence on the economics of immigration to the UK – VoxEU
- Self-fulfilling pessimism: The fiscal policy doom loop – VoxEU
- Something Putin and Juncker appear to agree on – the euro – Bruegel
- Russia’s major state banks see forex outflow amid sanctions threats – Reuters
- The finance curse: how the outsized power of the City of London makes Britain poorer – Guardian…very good read…
Americas
- With 8 Years of Job Gains, Unemployment Is Lowest Since 1969 – NY Times
- U.S. Payrolls and Wages Cool While Jobless Rate Hits 48-Year Low – Bloomberg
- US considers applying anti-China clause to Japan trade pact – Nikkei Asia Review
- US exports to China sink 11% as soybean shipments plunge – Nikkei Asia Review
- A decade of U.S. economic sluggishness may have just snapped back to normal – Reuters
Terra Incognita
- KPMG: the Big Four darling of Defence – Michael West……this, there needs to be a look at how contractors feast likes parasites on Defence…
- CEOs should reveal how much more they earn than their average worker – Guardian, Jericho
- It is greed that has led Australian banks to steal from dead people – Guardian, Denniss
- Pimco Warns Australia’s Property Slump Threatens Banks, Economy – Bloomberg
- The bishop’s ring: Catholic leader’s political influence alarms – NineFax Sydney
- Assistant Treasurer Stuart Robert slugging taxpayers $2,800 per month for home internet and Stuart Robert spent more than any other MP on personalised stationery – ABC….he isn’t a slime, he is entitled as an Australian politician, isn’t he…
- Trouble in the car yards as vehicle sales plummet – New Daily, Pascoemeter
- Finance bosses shake off misdeeds while investors suffer – Stuff.co.nz
- Half of university scholarships go to wealthiest students while the poorest struggle – NZ Herald
…and furthermore…
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- Funnel-web spider can kill melanoma cells and Tassie devil tumours – NineFax
- The Myth of the Liberal Order: From Historical Accident to Conventional Wisdom. – Pearls and Irritations, John Allison