Christmas links 25 December 2018

Global Macro / Markets / Investing:

• Stock Market Rout Has Trump Fixated on Fed Chair Powell – NY Times
• Buying When Stocks Are Down Big – A Wealth of Common Sense
• Why It’s Hard to Escape Amazon’s Long Reach – Wired
• BIS Tells Recession Hunters It Can Top the Yield Curve Indicator – Bloomberg

Americas:

• Mnuchin speaks with US bank executives to reassure investors after Wall Street whiplash – CNN
• Treasury secretary startles Wall Street with unusual pre-Christmas calls to top bank CEOs – Washington Post
• Trump can launch nuclear weapons whenever he wants, with or without Mattis – Washington Post
• Trump forces Mattis out two months early, names Shanahan acting defense secretary – Washington Post
• Elon Musk’s brother is helping millennials quit their desk jobs and become farmers – CNBC
• The exodus of New York City’s endangered middle class – NY Post
• China Proposes Prohibiting Forced Technology Transfers – VOX

Europe:

• Policymakers urge action on EU sovereign debt ‘doom loop’ – FT
• Corbyn faces furious Labour backlash over backing Brexit – The Guardian
• Poland and Lithuania agree to build undersea power cable – Reuters
• Scotland can now meet 70% of its energy needs through Renewable Energy – Energy Voice
• The Netherlands: Life in the Bible Belt – DW
• Macron lashes out at US President over Syria troop withdrawal: ‘An ally should be dependable’ – Independent

Asia:

• Chinese stocks are outperforming U.S. markets – Axios
• Bank of Japan wakes up to the downside of monetary easing – Nikkei
• China Proposes Prohibiting Forced Technology Transfers – Caixin
• How the world’s resistance to China caught Xi Jinping off guard – Washington Post
• Chinese state bank chief warns against buying property now ‘because there’s no money to be made’ – SCMP
• China Applies Xinjiang’s Policing Lessons to Other Muslim Areas: This may spread the seeds of instability far and wide – WSJ
• Japan Is Going All In On Aircraft Carriers Armed with F-35s: two carriers each carrying up to 24 F-35Bs – National Interest

Trans-Tasman:

• Australia needs to get with the times and follow New Zealand on recreational weed use, Larissa Waters says – News.com.au
• Hungry Jack’s accused of advertising for government-funded interns for summer period – ABC
• Hungry Jacks $4 internships to provide youth with valuable experience in getting fucked over by large corporations – Chaser
• CSIRO/AEMO study says wind, solar and storage clearly cheaper than coal – Renew Economy
• Federal politicians could soon be chauffeured to work in a new BMW or Mercedes – ABC
• Australian troops to stay in Middle East despite US pullout: Morrison – Canberra Times
• Nationals senator Steve Martin defends $531,000 spent on office refurbishment – The Guardian
• How ‘access journalism’ is threatening investigative journalism – The Guardian
• Hidden billions: ATO forgot to say corporations get tax rebates too – Michael West
• Holidays arrive with sour economic backdrop – Interest.co.nz
• NZ market outlook for 2019 – Interest.co.nz