Global Macro / Markets / Investing:
- “End fossil fuel subsidies, and stop using taxpayers’ money to destroy the world”: Guterres – UN
- The Bond Market is Giving Ominous Warnings about The Global Economy – NY Times
- Asia stocks sag, bonds rally as trade war fears persist – Channel News Asia
- Investors Are Stashing Cash At Record Levels – Safe Haven
- The next downturn could see a ‘radicalization’ of the policies used during the financial crisis – CNBC
Americas:
- Study: Trump Tax Cuts Failed to Help Anybody But the Wealthy – NY Mag
- Trump’s tax cut law barely boosted growth or wages and is not paying for itself, independent congressional report finds – Independent
- Donald Trump’s Sneak Attack on Social Security – Truth Dig
- The U.S. economy gained 2.9% in 2018, but only a fraction of that came from President Trump’s tax cuts – CNBC
- Rich farmers, not mom-and-pop farms, will collect most of Trump’s tariff bailout – LA Times
- The Fed’s Dangerous ‘New Normal’: Is the Fed becoming the president’s piggy bank of choice? – Politico
- Trump’s tax law had small effect on economy, wages: Study – The Hill
- Even in a strong economy, millions of hardworking Americans are being left behind – MarketWatch
- Here’s how much an acre of land is worth in each of contiguous 48 states in the US – USA Today
- America is in denial about the trade deficit – MarketWatch
- Venezuela’s economy shrank by 19.2% in the first nine months of 2018 – Economo
Europe:
- Eurozone economic confidence unexpectedly recovered in May – Economo
- EU takes Italy to task over high debt – France24
- Scotland publishes second independence referendum bill – The Guardian
- Boris Johnson to appear in court over £350m claim – BBC
- Turkish police break up Europe’s ‘biggest people smuggling ring’ – Sky
- Brexit is ‘vaccine’ against Euroskepticism, says Tusk – Politico
- EU should start membership talks with Albania, North Macedonia: Commission – Politico
Asia:
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- Will Apple’s roots in China hold fast amid political storm? – France 24
- U.S. and China locked in disastrous long-term trade war – SCMP
- China gears up to weaponize rare earths in trade war – Aljazeera
- Alibaba weighs $20 billion Hong Kong listing – MacroInvesting
- Increasing tariffs on China will likely hurt US growth, says Nomura – CNBC
Trans-Tasman:
- Centrelink still issuing incorrect robodebts to meet targets, staff claim – The Guardian
- Homelessness soars in our biggest cities, driven by rising inequality since 2001 – The Conversation
- Australia’s lowest-paid workers score $21.60 per week boost – News.com.au
- Bill Shorten blames ‘powerful vested interests’ for Labor’s election defeat – The Guardian
- ‘Folau’s law’: Coalition MPs push for bolder action in a ‘new dawn’ for religious freedom – The SMH
- Labor factional boss steps aside to make way for gender balance in Anthony Albanese’s ministry – ABC
- Off the grid: AEMC paves way for stand alone systems to replace poles and wires – Renew Economy
- Even Under a Coal-Loving Leader, Australia Is Leading the Charge for Renewables – Gizmodo
- Elderly man wins court battle to die in beachside apartment after ‘evil blow’ asbestos ruling – The SMH
- Ultra-processed food link to disease and death grows — so do we need to shift our food policy? – ABC
- ‘We might be biased’: More diverse views needed at ABC, says Buttrose – The SMH
- The government needs to get into more debt, our grim economy depends on it – The Guardian
- Morrison’s new economic worry: Reserve Bank running out of bullets – The SMH