Global Macro / Markets / Investing:
- Larry Summers: The left’s embrace of modern monetary theory is a recipe for disaster – Washington Post
- MMT: Wrong in a very confusing way – The Money Illusion
- What if All the World’s Economic Woes Are Part of the Same Problem? – NY Times
- How much does Tesla have in the bank? – FT
- Top Tesla Shareholder Says Elon Musk ‘Doesn’t Need to Be CEO’ – Barron’s
- The Failures of Neoliberalism Are Bigger Than Politics – Roosevelt Institute
- The Clock Runs Down on Mainstream Keynesianism – Bloomberg
- Beyond LIBOR: a primer on the new benchmark rates – BIS
- How Did the U.S. Stock Market Get So Old? – Bloomberg
- The impact of population ageing on monetary policy – VOX
Americas:
- Tariff-Man Trump to Preside Over $100 Billion Jump in Trade Gap – Bloomberg
- The federal deficit ballooned at start of new fiscal year, up 77 percent from a year before – Washington Post
- Trump says he agrees ’100%’ with keeping U.S. troops in Syria – NBC News
- Michael Bloomberg Will Not Run for President in 2020 – NY Times
- As Trump Moves to End Trade War With China, Business Asks: Was It Worth It? – NY Times
- Bernie Sanders’ 2016 economic advisor Stephanie Kelton on Modern Monetary Theory and the 2020 race – CNBC
- Border at ‘Breaking Point’ as More than 76,000 Migrants Cross in a Month – NY Times
- From $22 an hour to $11: GM job cuts in Ohio show a hot economy is still leaving parts of America behind – Washington Post
- Poll: 64 percent believe Trump committed crimes before presidency – Politico
- Democrats’ demand for Trump’s tax returns expected in about two weeks – Politico
- U.S. Credit Card Debt Closed 2018 at a Record $870 Billion – Bloomberg
Europe:
- Widening Russia Money Laundering Scandal Hits European Banks – Bloomberg
- Brexit ’likely to cause cancer test delays’ – BBC
- Brexit: Government to slash up to 90% of trade tariffs if UK leaves EU with no deal – Sky
- Brexit Bulletin: Last Ditch – Bloomberg
- EU citizens brand registration ’insulting’ ahead of Brexit – STV
- The ECB must reconsider its plan to tighten – FT
- 40% of Europe’s artificial intelligence start-ups have no AI – FT
Asia:
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- North Korea rebuilding long-range rocket site, photos show – NBC News
- Italy set to join China’s controversial Belt and Road Initiative – FT
- China Drops a Policy the U.S. Dislikes, at Least in Name – WSJ
- Chinese Hackers Target Universities in Pursuit of Maritime Military Secrets – WSJ
- German labour reforms: Unpopular success – VOX
- China Lowers Growth Target and Cuts Taxes as Economy Slows – Bloomberg
Trans-Tasman:
- Federal Treasury scolds Coalition for exaggerating impact of Labor’s proposed negative gearing overhaul – ABC
- Coles dumps pokies, putting Woolworths under pressure to follow suit – The Guardian
- Australia’s economy is cooling rapidly – ABC
- Australia at risk of US-style inequality and dead end jobs, warns ACTU – ABC
- Labor will require public hospitals to provide abortion services – The Guardian
- Australia falls into per-capita recession as growth tumbles – The Age
- Why does the AFR print such utter garbage about battery storage? – Renew Economy
- Murray-Darling Basin could be missing billions of litres of water, study claims – ABC
- Deal signed for huge coal-fired power plants in Hunter Valley, Hong Kong firm says – The Guardian
- Michelle Guthrie was paid $730,000 to drop court action against ABC – The SMH
- NSW budget surplus lower and growth slower says pre-election report card – The SMH
- Cladding and cracking towers prompt call for royal commission – The SMH
- Reserve Bank says population growth, slow building to blame for property boom and bust – ABC
- Average housing values on a slow slide in Auckland, value growth slowing elsewhere – Interest.co.nz