Australia Day supplementary links January 26 – 27, 2020

Miss Australia, 1975, Martin Sharp, Art Gallery of NSW

Macro & Markets

• Why the coronavirus outbreak could trigger a stock-market pullback – MarketWatch
• Scientist who simulated the global impact of a coronavirus outbreak says ‘the cat’s already out of the bag’ and calls China’s efforts to contain the disease ‘unlikely to be effective’ – MarketWatch
• World About to Learn If $1 Trillion Tech Rally Was a Good Idea – Bloomberg
• Economics isn’t as highfalutin’ as the jargon makes it sound – Ninefax
• Secondary market yields around new debt auctions and ESCB purchases – VoxEU
• China Virus Poses Longer-Term Economic Threat – Bloomberg, El-Erian
• Bond Investors Just Keep Piling on the Risks – Bloomberg
• Has the World Economy Reached Peak Growth? – – Project-Syndicate, O’Neil

Asia

• Is Singapore’s ‘perfect’ economy coming apart? – Nikkei Asian Review
• How to Prevent the Japanification of East Asia’s Economies – Project-Syndicate
• The Wuhan virus is the last thing China’s economy needs right now – CNN
• Foreigners pulling out of coronavirus hit Wuhan as death toll skyrockets – SCMP
• China coronavirus: Beijing confirms use of anti-HIV drugs at some hospitals – SCMP
• Why Wuhan is so important to China’s economy and the potential impact of the coronavirus – SCMP

Europe

• US treasury chief warns Javid to shelve plans for big tech firm tax – Guardian
• A European anti–money laundering supervisor: From vision to legislation – Bruegel
• European capital markets union, by rule and by choice – Bruegel
• It May Be the Biggest Tax Heist Ever. And Europe Wants Justice. – NY Times
• The paradox of stagnant real wages yet rising ‘living standards’ in the UK – VoxEU
• Eastern EU members “failing to address corruption effectively”, finds Transparency International – BNE Intellinews
• What lies behind oligarch impunity in Ukraine – BNE Intellinews
• Overtourism in Europe’s historic cities sparks backlash – Guardian

Americas

• Threatening central bank independence one tweet at a time – VoxEU
• The Truth About the Trump Economy – Project-Syndicate, Stiglitz
• America Is Getting Bogged Down in Hassles and Kludge – Bloomberg, Smith
• China deal might not bail out lobster industry this New Year – ABCnews
• The next fronts in the US trade war shift to Europe, UK – CNBC

Terra Specufestorus

• Coronavirus ban puts quarter of Chinese tourism to Australia at risk – Ninefax
• The good news about the new shamelessness of our politics? We will get used to it – Ninefax
• Bushfires may crimp living standards long term as insurance costs hit $2b – Ninefax
• ATO investigates hundreds of Australians after global money laundering raids – ABC
• The Foxification of the Murdoch media in Australia – Pearls & Irritations
• German dialysis giant’s unhealthy business practices: a bloody disgrace – Michael West

…and furthermore…

• Housing speculation and its economic consequences – VoxEU
• Nature, nurture, and intergenerational mobility – VoxEU
• Rolls-Royce plans mini nuclear reactors by 2029 – BBC
• Is there any reason to own an individual stock anymore? – CNN
• What polarization data from 9 countries reveals about the US – Vox