Links 30 August 2019

Global Macro / Markets / Investing:

• U.S. yield curve inverts further, 30-year yields hit new record low – Reuters
• Insiders are selling stock like it’s 2007 – CNN
• The Big Short’s Michael Burry Sees a Bubble in Passive Investing – Bloomberg
• Tidjane Thiam’s overhaul of Credit Suisse is paying off – The Economist
• Cryptoknowmics- A brief Introduction – Medium
• The world’s top hedge fund so far in 2019 has seen its portfolio skyrocket 278% – Business Insider

Americas:

• Deutsche Bank Tells Court It Has Trump-Related Tax Returns Sought by Congress – WSJ
• Another trucking company announces its closure today – Freight Waves
• Trump Previews His Response to the Next Recession – New Republic
• Homeowners are sitting on a record amount of cash – CNBC
• Offshore Banking Gains Appeal as the U.S. Falls Out of Top 20 ‘Least Corrupt’ Countries – FX Street
• Autoworkers vote overwhelmingly for strike at Ford, GM, and Chrysler plants – WSW
• The minimum wage in Venezuela is now under $4 a month – Epmundo
• USA: Consumer Confidence Index Beats Expectations – Assessment Index Highest in 19 Years – Conservative Tree House

Europe:

• Researchers find that UK shale gas reserves are at least 80% smaller than thought. – Ponder Wall
• The Future of Basic Income in Finland – Green European Journal
• A No Deal Brexit Isn’t Ideal, But It’ll Be No Disaster – Bournbrookmag
• EU debunks Boris Johnson’s fishy claims about food regulation – Euro News
• Fifth consecutive month of growth for EU commercial vehicle registrations – Global Trailer Mag
• EU citizens denied vote in European elections to sue UK government – The Guardian

Asia:

• Foreign firms unprepared for China’s ‘life-or-death’ rating system: chamber – France24
• China’s Faces Tough Tradeoffs With Yuan Devaluation – Cassandra Capital
• Singapore faces rising tide of bad debt with record bonds maturing – The Star
• Angering China Can Now Get You Fired – The Atlantic
• China Loosens Car-Purchase Restrictions to Boost Consumption – Bloomberg

Trans-Tasman:

• Adani mine would be ‘unviable’ without $4.4bn in subsidies, report finds – The Guardian
• Australia managed to survive the global recession – but all that good work has been wasted – The Guardian
• Woolworths to close stores as profit tumbles – ABC
• NSW Labor Boss Suspended After ICAC Probe – SBS
• It’s not just the ABS. It’s also the Productivity Commission downplaying the growth in inequality – The Conversation
• Coalition must give up dream of budget surplus if China crashes, report says – The Guardian
• UTS to give 10 bonus points to female students applying for engineering degrees – The SMH
• Regulator sues South Australia’s biggest gas unit over role in blackouts – Renew Economy
• Victorian Greens look to extend single-use plastic ban – SBS
• Bleak outlook for Home Affairs morale, with lowest satisfaction in public service – ABC
• NZIER predicts average 2.2 % GDP growth rate over the next five years – Interest.co.nz