Sunday Supplement: 8 March 2020

Through the gum trees, Toongabbie, Hilda Rix Nicholas, 1920, Art Gallery of NSW

Markets & Macro

• Will the new coronavirus spell the end of globalization? – DW, Bohme
• Vital Signs: Australian and US rate cuts underline seriousness of the coronavirus crisis – The Conversation
• Spiraling Virus Fears Are Causing Financial Carnage – NY Times
• Oil plunges 10% after Opec deal collapses – BBC
• The plunge in bond yields is scary now but could be helpful later – CNBC
• The market now sees the Fed cutting by 75 basis points in March – CNBC
• When will coronavirus Covid-19 trigger the World Bank’s pandemic bond? – Euromoney

Americas

• The U.S. May Already Be in a Recession – Bloomberg
• The information channel of monetary policy has disappeared in the US – VoxEU
• Boeing’s ‘culture of concealment’ led to fatal 737 Max crashes, report finds – Guardian
• US job growth in February was far above predictions – Guardian

 Asia

• Investors May Be Overlooking a Second Blow to China’s Economy – Bloomberg
• China January-February exports tumble, imports slow as coronavirus batters trade and business – Reuters
• China’s February forex reserves fall to $3.107 trillion – Reuters
• China’s Exports Slump as Coronavirus Forces Shutdowns – Bloomberg
• What’s killing India’s democracy? It’s not just Modi who’s to blame – SCMP
• China’s exports and imports plummeted in January and February – SCMP
• India’s Chaotic Bank Seizure Sends Shockwaves Through Markets – Bloomberg

Europa

• ‘Serious’ differences between the UK and the EU in post-Brexit talks, top official says – CNBC
• Erdogan plays refugee card amid “grande spectacle de merde” – BNE Intellinews
• Turkey and Russia reached a ceasefire in Syria. Will it hold? – Vox
• UK house price recovery at mercy of coronavirus, warns Halifax – Guardian
• Teargas fired on Greek-Turkish border as migrant tensions flare – Reuters…game on…

Terra Incognita

• ‘Flabbergasted’: Doctor saw 70 patients at Toorak clinic while infected with coronavirus – Ninefax
• ATO issues false, years-old tax debts worth thousands of dollars due to IT error – Guardian
• Coronavirus recession? Expert modelling shows Australian economy could take huge hit – Guardian
• Cormann rules out Rudd-style cash splash to boost Australian economy as coronavirus bites – Guardian
• Mildura flying school allegedly funded with embezzled Chinese loans – ABC…have a go, get a go…
• Coronavirus fight might include income support, tourism stimulus to save economy – ABC
• The Reserve Bank’s interest rate cut – a futile gesture? – Pearls and Irritations, McAuley…good read…
• E.D: The Case for a Federal ICAC – Michael West, Foote
• Slush: how the Coalition ramped up grants rorts while freezes and funding cuts hit Australia’s needy – Michael West, Tee
• Continuing economic stagnation – Pearls and Irritations, Michael Keating
• More ‘sports rort’ questions for Morrison after Bridget McKenzie speaks out – The Conversation
• More money for private schools won’t make Australia’s education fairer, no matter how you split it – The Conversation
• Economic growth near an end as Treasury talks of prolonged coronavirus downturn – The Conversation
• Australia shipbuilder closes in on $600m Philippine defense deal – Nikkei Asian Review

…And furthermore…

• A toilet paper run is like a bank run. The economic fixes are about the same – The Conversation
• Artificial intelligence as a central banker – VoxEU
• The Coronavirus Is More Than Just a Health Crisis – The Atlantic
• Capitalism’s Addiction Problem – The Atlantic
• The world’s scariest facial recognition app company keeps lying – Recode
• Love is a hold’em game – Aeon
• Nihilism – Aeon

…And Coronavirus…

• Coronavirus: global infections could increase tenfold every 19 days, Chinese study says – SCMP…farque…
• Coronavirus infects 100,000-plus worldwide, 21 cases found on ship off San Francisco – Reuters
• New meaning to ‘supermarket wars’ as tensions flare over toilet paper – Ninefax
• Call to test more broadly for coronavirus ahead of flu season – Ninefax
• It’s ‘unreal’ in Italy as coronavirus cases top 3,800; France infections rise sharply – CNBC
• Toilet paper shortage from coronavirus panic buying sees argument break out at Woolworths in Sydney – ABC
• Coronavirus threat to elderly prompts WA warning over aged care facility visits – ABC
• How does coronavirus compare to Spanish flu? COVID-19 has important differences to the 1918 outbreak – ABC
• Coronavirus clusters across the world – SCMP
• Tussle over toilet paper prompts Australia police to call for calm – SCMP
• Amid mysterious runs on toilet paper from Singapore to Sydney, world’s number 2 producer says shortage rumour holds no water – SCMP
• Coronavirus in Germany: Health care system under pressure – DW
• Iranians lose trust in government as virus spreads – DW
• Coronavirus scare: When will ‘hamsterkauf’ become an English word? – DW
• German supermarkets report coronavirus panic buying – DW
• Should I cancel my flight? Will recirculated air on a plane spread coronavirus? Here’s what you need to know before traveling – MarketWatch
• These nine companies are working on coronavirus treatments or vaccines — here’s where things stand – MarketWatch
• As coronavirus infections spread, demand for oat milk is outpacing hand sanitizer – MarketWatch
• The Strongest Evidence Yet That America Is Botching Coronavirus Testing – The Atlantic
• How does the coronavirus outbreak end? – Vox