Global Macro / Markets / Investing:
- Mysterious 8,500% Stock Gain Attracts Big Funds (And Big Questions) – Bloomberg
- Warren Buffett Can’t Find Anything Big to Buy – WSJ
- Don’t Abolish Billionaires – NY Times
- Deutsche Bank Lost $1.6 Billion on a Bond Bet – WSJ
- The Rise of the WeWorking Class – NY Times
- Look Who’s Betting on Climate Change – Barron’s
- Once hailed as unhackable, blockchains are now getting hacked – Tech Review
- Tesla customers describe maddening problems with returns and refunds – CNBC
- The S&P 500 Lost 11% of Value From Trump’s Trade War, Research Says – Bloomberg
- Is This the End of the Anglosphere? – Bloomberg
- The Dialectic of Global Trade Policy – Project Syndicate
Americas:
- U.S. Is a Rich Country With Symptoms of a Developing Nation – Bloomberg
- Dairy farmers are in crisis — and it could change Wisconsin forever – Milwaukee Journal Sentinel
- U.S. farm exports expected to fall $1.9 billion in 2019, led by China: USDA – Reuters
- US banks made $28 billion in extra profits thanks to GOP tax bill – The Hill
- A Staggering Exodus: Millions of Venezuelans Are Leaving the Country, on Foot – NY Times
- Venezuela’s Ex-Spy Chief Rejects Maduro, Accusing Leader’s Inner Circle of Corruption – NY Times
- Trump’s War on California – Politico
- Now Even Goldman Sachs Is Challenging U.S. Debt Dogma – Barron’s
- Existing-Home Sales Drop 1.2 Percent in January – NAR
Europe:
- Putin to U.S.: I’m ready for another Cuban Missile crisis if you want one – Reuters
- Swedish student leader wins EU pledge to spend billions on climate – Reuters
- Putin’s bank moves to Budapest, receives all conceivable privileges and immunities – Index
- Group of 100 Conservative MPs ready to force Brexit delay if May’s deal fails – The Telegraph
- EU Expects May to Request Three-Month Delay to Brexit – Bloomberg
- Russian disinformation is attacking our democracy and making us sick – The Star
- Theresa May faces ministerial revolt over no-deal Brexit – The Guardian
- January sees record UK borrowing surplus – BBC
- Germany, France close to deal on new euro zone budget – Reuters
Asia:
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- China Uses DNA to Track Its People, With the Help of American Expertise – NY Times
- U.S. Wrangles China for Firm Commitments as Trade Talks Continue – NY Times
- China’s Li Keqiang in rare spat with central bank – FT
- China Offers to Buy $30 Billion More U.S. Agricultural Imports a Year – Bloomberg
- China aims to increase soybean and oilseeds production by 5 million – yuantalks.com
Trans-Tasman:
- Hockey’s Helloworld ties add to case for a federal ICAC – The SMH
- Labor demands answers over Helloworld saga – SBS
- Opal Tower builders used lower-strength concrete, beams burst under pressure – ABC
- Great Barrier Reef authority gives green light to dump dredging sludge – The Guardian
- Labor says the home ownership rate for young people has fallen 20 per cent. Is that right? – ABC
- Company given $21.5m for Manus healthcare without a contract – The Guardian
- Australian headlines are designed to scare people into not acting on climate change – The Guardian
- Reserve Bank says housing won’t ‘derail the economy’ but tight-fisted bosses might – ABC
- Labor vows to increase amount bank victims can claim to $2m – SBS
- Queensland Government defends $3.5 million donation to Great Barrier Reef Foundation – ABC
- Payday lenders ‘preying’ on natural disaster victims, financial counsellors say – ABC
- Australian Government Debt Increased by 3.2 percent in 7 months – AOFM
- Auckland now affordable for first home buyers – Interest.co.nz
…And Furthermore…
- World’s food supply under ‘severe threat’ from loss of biodiversity– Guardian
- India again threatens to restrict flow of river water to Pakistan as tension builds– Guardian
- Nike stumbles into social media storm after basketball star’s shoe splits– Reuters
- Kraft Heinz forecasts gloomy 2019, writes down value of iconic brands– Reuters
- What are we teaching in business schools? The royal commission’s challenge to amoral theory– The Conversation…Business school curricula are primarily about being on song with those above, networking, making sure those who own get as much bang for their bucks as can be extracted from those below, customers or clients, and lying , sugar coating or withholding information to ensure any employees, customers or clients aren’t overtly thinking that when committing funds….
Australia – A Coming Financial Crisis?
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(H/T Stomper)
Got emailed this this morning, a very good doco