Global Macro / Markets / Investing:
- The IMF’s latest report (October 2019) claims that if there were a financial crisis only half as severe as 07-08, it would still cause serious problems because risky corporate debt has risen to $19 trillion. – IMF
- New bubbles, mounting debt: preparing for the coming crisis – Roar Mag
- World economy is sleepwalking into a new financial crisis – The Guardian
- Goldman warns corporate buybacks are plummeting, ending a big source of buying power for the market – CNBC
- Falling profit margins raise some alarm! – CNBC
Americas:
- Time to Admit Medicare for All Saves Americans Money, Tax Hike or Not. – NewsWeek
- Nearly 60% of banks need to make changes or they’ll struggle during the next downturn, McKinsey says – Business Insider
- McKinsey Report: One in Three Banks Threatened to Disappear in the Coming Months – 7Bitcoins
- Where’s That 4% Growth Trump Promised (or For That Matter, 5%)? – Econ Browser
- Where Student Loan Debt Hits the Hardest – Yahoo
- Wages Growing at Pathetic Levels: 2019 vs. 1991 – Forbes Wealth Blog
- Existing Home Sales Tumble In September, Despite Low Mortgage Rates – Zero Hedge
- Canada Missing Out on Shale Revolution – FCPP
- This is what a recession looks like: U.S. Bank to cut thousands of branch workers. – American Banker
- The IMF Warns About Rising Regional Inequality: And American Backwardness – NPR
Europe:
- Germany recession panic: Merkel alarm as German Central Bank warns of slump – Express
- Germany Recession Storm! Germany may have entered recession!!! – Central Banking
- More Job Cuts by the Thousands! Tata Steel to cut 2,500 jobs in Europe to save $930 mn in costs – Business Standard
- Croatia gets green light to join EU’s Visa-Free schengen zone – Bloomberg
- EU to ban Bayer’s pesticide linked to harming bees – Reuters
- Poland’s richest person to build the first nuclear power plant in Poland – Business Insider
- The UK press is reducing Brexit to a crude soap opera, ignoring the real story – The Guardian
- Boris Johnson’s Brexit bill clears first hurdle – BBC
Asia:
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- Things aren’t looking great for China’s economy and it may only be getting worse – MarketWatch
- Indian PM Modi is winning his biggest war, and it’s not against Pakistan – RT
- Purged Chinese Leader Buried 14 Years After Death – BBC
- China plans to replace Hong Kong leader Lam with ‘interim’ chief executive – Reuters
- China blocks 23 per cent of accredited foreign news sites, watchdog says – SCMP
Trans-Tasman:
- Jobs to go at ABC, boss warns – Newcastle Herald
- ‘There will be job losses’: ABC managing director confirms staff to go following budget freeze – ABC
- Why Australia needs a ban on taxpayer-funded political advertising before elections – The Guardian
- Blowing the whistle on alleged wrongdoing should not destroy your life – ABC
- Australians with private health insurance will face hefty premium increases next year – likely to be twice the rate of inflation – The Age
- Coalition accused of ‘shortchanging Tafe’ amid $214m underspend on training – The Guardian
- Australia’s hopes to expand coal exports in south-east Asia ‘delusional’, experts say – The Guardian
- Extreme weather red zones: Will you be slugged with higher insurance costs? – ABC
- Australia has plenty of gas, but our bills are ridiculous. The market is broken – The Conversation
- Queensland student sues Chinese consul general, alleging he incited death threats – The Guardian
- Experts reject privatisation of Australia’s visa system, except two experts – Michael West
- ANZ economists see a ‘small loosening’ of the Reserve Bank’s LVR restrictions as likely – Interest.co.nz