Links 26 August 2019
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Global Macro / Markets / Investing:
- World reliance on US dollar must end, says Bank of England governor – Free Malaysia
- Stock Market Plunges 223 Points in 5 Minutes After Trump’s Insane China Tweets – Mediaite
- Amazon was caught selling thousands of items that have been declared unsafe by federal agencies – Business Insider
- Data on demonetisation’s link to economic slowdown may have been suppressed – The Hindu
- Gold and Treasuries surge as the escalating trade war sends investors fleeing from the stock market – Business Insider
- Legendary Investor Dismisses Cryptocurrencies as ‘Psycho Currencies’ – Be In Crypto
- US fines Deutsche Bank US$16 million to settle China, Russia corruption charges – Channel News Asia
- G-7 protests: Inside the activists’ camp – DW
Americas:
- David Koch has died – NBC News
- At This Rate, It Will Take 100 Years to Pay Off America’s Student Debt – Bloomberg
- The number of older Americans filing for bankruptcy has surged by up to 300% in recent years – Business Insider
- U.S. new home sales fall sharply, point to more housing weakness – Reuters
- A shocking 42% of all U.S. workers make less than $15 per hour – Fortune
- America’s Racial Wealth Gap Could Cost Economy $1.5 Trillion – North Dallas Gazette
- Powell Says Fed Prepared to Provide Stimulus if a Slowdown Hits U.S. Economy – WSJ
- Cracks Starting to Show in US Dollar Hegemony – FT
- How Target Managed a Big-Box Turnaround In an Age of Ecommerce – Fortune
- Fed: Interest rates cuts in July were insurance against slow economic growth and inflation – Economo
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Europe:
- A Danish bank is launching a 0.6% negative interest rate on its savings accounts for millionaires – Business Insider
- Finland urges EU to consider banning Brazilian beef over Amazon fires – Reuters
- France and Ireland halt Brazil trade deal over Amazon fires – The Guardian
- Georgia to adopt EU laws even without candidate status, president says in Vilnius – Irt
- Spanish women resist European trend to ditch topless sunbathing – The Local
- Brazil must protect Amazon rainforest, or I will seek to block EU Mercosur deal – Varadkar – Independent
- No-deal Brexit: Ending free movement ‘will directly hit EU nationals’ – Euro News
- Polish Campaign to Discredit Judges Dents Ruling Party’s Support – Bloomberg
- Boris Johnson’s cheerleaders are delusional – no good Brexit deal is possible – The Guardian
Asia:
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- The Government Has Set Fiscal Deficit Target Of 3.3 Per Cent Of The GDP For The Current Fiscal. – Yuv News
- China will retaliate with tariffs on $75 billion worth of US goods and resume auto duties – CNBC
- Trump Heaps Another 5% Tariff On Chinese Goods – Yuv News
- Trump Orders U.S. Businesses to Find Alternative to China – Stock Market News
- Trump Will Hike Tariff Rates on Most Imports From China – Stock Market News
- National Restaurant Association Of India Slams Zomato For Logging Out Of Talks – Yuv News
- Trump Longs to Command the Economy: In his struggle against China, the president has begun to resemble his authoritarian rival Xi Jinping – The Atlantic
Trans-Tasman:
- Huawei is facing yet another roadblock, this time in Australia – Medium
- ASIC to ban binary options, cap leverage on CFDs – Forex Review
- The power and hypocrisy of George Pell’s supporters – The Saturday Paper
- ‘Waves of fury’: the backlash that led advertisers to desert Alan Jones – The Guardian
- John Setka declares war on his own union by hiring a private investigator – The Age
- To save a species, scientists have a radical plan: change its DNA – The Age
- World-first croc-spotting drones could soon be patrolling Australian beaches – ABC
- Tech jobs are waiting for Australians but not enough people have the skills, companies say – ABC
- Power bills cheaper than your morning coffee – The SMH
- The female farmers taking a stand to change the face of Australian agriculture – ABC
- Milk price increases at supermarkets fail to reach struggling dairy farmers in Queensland and NSW – ABC
- One year on, how good is Morrison’s climate and energy denial? – Renew Economy
- A message to the lost tribes of the left wing – News.com.au
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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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