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Superb and Solid, Howard Arkley, 1998, Art Gallery of NSW
Saturday Morning news…..
- Trump Says He Will Raise Existing Tariffs on Chinese Goods to 30% – NY Times
- Trump calls on U.S. firms to exit China as trade war escalates – Reuters
- Trump raises tariffs on US$250 billion of Chinese imports to 30 per cent from 25 per cent – SCMP
- Trump Says He’s Raising Tariffs on China After Its Retaliation – Bloomberg
- Powell Warns of ‘Significant Risks,’ Hardening Rate-Cut Bets – Bloomberg
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Macro and Markets
- The Anatomy of the Coming Recession – Project-Syndicate, Roubini
- Larry Summers Says Central Bankers Confront a ‘Black Hole’ for Policy – Bloomberg….they’ve been making things up for a generation now…
- Markets doubt Fed’s ability to defend economy, spur inflation – Reuters
- How Politics Constrain Federal Reserve and Other Central Banks – NY Times
- Bond World on High Alert Over ‘Frickin’ Expensive’ Treasuries – Bloomberg
- Japan Lines Up to Join Germany in All-Negative Yield Curve Club – Bloomberg….nothing to see here…
- China’s coal demand to peak around 2025, global usage to follow: report – Reuters
- G-7 summit to open with examination of the global economy – MarketWatch
- Russia and the US bicker at UN over ‘new arms race’ – DW
- Do not expect the Fed to stop global growth unravelling – FT.com
Asia
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- Japan to count sharing economy in official GDP – Nikkei Asian Review
- Asia’s 20 Richest Families Control $450 Billion – Bloomberg
- A beef over pork: How farm goods give Beijing an edge in the trade war – Nikkei Asian Review
- Why the Middle East Is Betting on China – Project-Syndicate…and the Chinese appreciate a good bone saw too…..
- Indians told to boycott Chinese goods after Beijing backs Pakistan on Kashmir – SCMP
- Next U.S. Tariffs to Pull China Expansion Below 6%, Survey Shows – Bloomberg
- Japan, U.S. negotiators fail to reach agreement on trade, to extend talks – Reuters
- China’s Growth Is Slowing, but not Because of the Trade War – PIIE
Europe
- Can Germans Get Over Their Allergy to Stimulus Before It’s Too Late? – Bloomberg
- Putin’s 20 years on the job in numbers – BNE Intellinews
- Italy: President offers politicians more time to avert snap elections – DW
- Putin’s Budget Has Lowest Break-Even Oil Price in Over a Decade – Bloomberg
- Switzerland pioneered negative rates in the 1970s. It got very ugly – LA Times
- How Britain Came to Accept a ‘No-Deal Brexit’ – The Atlantic
- Japanification: the economic spectre haunting Europe – Prospect
- Roll up, roll up: capitalism will drive cannabis legalisation in Ireland – Irish Times
- Germany’s golden economic run of the Merkel era may be over – Irish Times
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Americas
- White House mulling tax cuts but not to counter short-term weakness: adviser – Reuters
- ‘Monetise’ the Amazon to save it, Brazil minister says – FT.com…one way to deliver profits to the 1%
- As Amazon burns, Brazil’s Bolsonaro tells rest of world not to interfere – Reuters
- Argentina’s crisis shows the limits of technocracy – Economist
- Fading corporate profits heighten U.S. recession fears – CBS
- Trump’s Riskiest Bet – The Atlantic
- Trump Says China Is Manipulating Its Currency. What Can He Do About It? – PIIE
Terra Specufestorus
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- A Weaker Aussie Is Making Life Easier for the RBA. Trump Isn’t – Bloomberg
- Cash payment crackdown not enough to tackle Australia’s $50 billion black economy – ABC
- Sydney train delays trigger chaos across the city and commuter rage – Guardian
- Tim Wilson challenges Reserve Bank to prove effectiveness of interest rate cuts – Guardian
- New watchdog, bigger fines floated for $182b franchise sector – Ninefax….and the board of that new organisation should offer up some great public funded junkets for Liberal government appointees…
- Huawei to cut engineers in Australia and restructure after 5G ban – Nikkei Asian Review…is this why we should be wanting Australian companies in the tech space to employ Australians?…
- Robodebt could target pensioners and ‘sensitive’ groups, leaked documents show – Guardian…can’t wait until it targets specufestors and their deductions…
- Australia’s biggest state ends Chinese education programme over fears of foreign interference – SCMP
- ASIC takes NAB to court over home loan ‘introducer’ scheme, bank faces $500m-plus fine – ABC
- In supporting jobless, Australia comes a stone cold, motherless last – Michael West
- One year on, Scott Morrison is eyeing many more anniversaries to come – Ninefax
- Households feel pinch as petrol prices hit five-year high – Ninefax
- Water prices in southern Murray-Darling skyrocket as increased water demand ‘collides’ with dry conditions – ABC
- What the Bureau of Statistics didn’t highlight: our continuing upward redistribution of wealth – Michael West
- For the first time in a long time, we’re setting up a generation to be worse off than the one before it – The Conversation
…and furthermore…
- A 42,000-YEAR-OLD MAN FINALLY GOES HOME – Smithsonian
- Three Things to Know About the Fires Blazing Across the Amazon Rainforest – Smithsonian
- Dark web detectives and cannabis sommeliers: Here are some jobs that could exist in the future – CBC
- Free mortgages and bond yields turned upside down: trade war impacts veer toward the wacky – CBC
- Python wars: the snake epidemic eating away at Florida – Guardian
- Sitting all day isn’t great for your back but it’s not the new smoking – Ninefax
- A Giant Factory Rises to Make a Product Filling up the World: Plastic – NY Times
- E.O.s Should Fear a Recession. It Could Mean Revolution. – NY Times…the sooner the better…
- Ready for a 19-Hour Flight? Tests to Start on New York-to-Sydney Route – NY Times
- Milton Friedman Was Wrong – The Atlantic
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