Global Macro / Markets / Investing:
- Rich people are hoarding cash, and wealth managers are getting frustrated – FT
- Pension Funds Are Going To Be Destroyed In The Next Recession – Cassandra Capital
- U.S. Stock Futures Point Sharply Lower – Stock Market News
- SoftBank is more than $600 million underwater on its Uber investment as stock hits an all-time low – CNBC
- The more Trump tweets, the worse it is for stocks, research finds – MarketWatch
- Disney Leads One of Busiest Days Ever for Investment-Grade Debt Issuance – Bloomberg
- Asset Backward: State pension funds keep increasing risky investments—as pension debt mounts – City Journal
Americas:
- Strong Consumer Spending Propping Up U.S. Economy – NY Times
- Auto union workers overwhelmingly vote to authorize strikes at GM, Ford, Fiat Chrysler – CNBC
- Dow Jones Industrial Average Fell as the Wheels Are Coming Off U.S. Manufacturing – Barrons
- How a Trump Tax Break to Help Poor Communities Became a Windfall for the Rich – NY Times
- Why Currency Controls Promote Capital Flight: the Argentine Case – Forbes
- Trump: Brazil and South American trade deal to help farmers – Copy Left
Europe:
- British Conservative government loses their majority as Conservative MP Philip Lee defects to the Liberal Democrats – BBC
- Russian blogger sentenced to 5 years in prison for a tweet – DW
- EU to declare a no-deal Brexit a major natural disaster – The Guardian
- Most Russians Don’t Believe ‘Western Meddling’ to Blame for Moscow Protests, Poll Says – Moscow Times
- Italy’s Five Star Members Back Deal for New Conte-Led Government – Bloomberg
- Czech Republic sees a surge in visitors from China, including many prenuptial couples – LA Times
- Share of coal in UK’s electricity system falls to record lows – The Guardian
Asia:
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- As Trump Escalates Trade War, U.S. and China Move Further Apart With No End in Sight – NY Times
- Tesla Owners Seek 10% Rebate After China Cans Sales Tax on Carmaker’s EVs – Yicai Global
- Malaysia’s exports seen falling again in July – The Star
- South Korean Imports of Japanese Beer Nose-Dive 97% Amid Diplomatic Dispute – Japan Times
- China Plans More Support for Economy – Reuters
- Kashmiri Militant Calls for Pakistan Military Intervention in Disputed Region – Reuters
Trans-Tasman:
- Feeding the Chooks – Michael West. As Nine Network was hosting a $10,000 a head fundraiser for the Liberal Party at its headquarters last night, Nine and News Corp newspapers were putting the finishing touches on their upbeat coverage of the Government’s impending economic news. – Michael West
- Economy set for weakest growth in nearly 20 years – ABC
- Skilled migration visa list shake-up to meet growing demand for foreign workers – SBS
- Australian GDP figures: economy grows at slowest rate since 2009 – The Guardian
- Predicting the unpredicted: what longitudinal data can tell us about the 2019 Australian federal election – ANU
- Number of Airbnb listings in NSW could be slashed by proposed new fire safety rules, expert warns – Domain
- Nice try Mr Taylor, but Australia’s gas exports don’t help solve climate change – The Conversation
- Breaking the rules for one family is unfair to everybody else – The Age
- A $16 billion cash boost for consumers – so why aren’t we shopping? – The SMH
- Morrison pushed to offer safe haven to Hong Kong citizens in Australia – The Age
- $320 a night to stay in a public hospital after two funds slash rebate – The SMH
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KiwiBuild stays but 100,000 target goes – Interest.co.nz