Global Macro / Markets / Investing:
- Wall Street feasts on death: The euphoria in the stock market is being driven by the trillions of dollars of free and unsupervised money that is being provided by the Federal Reserve – WSWS
- Cancel debts to let world tackle the virus – Defend Democracy
- Prepare for second wave of coronavirus cases next year – CDC Director warns – Mazech Media
- Investors maintain largest cash positions since 9/11 as they brace for recession – Crypto Price
- This Isn’t Your Usual Demand-Shock Recession – Mises
- Hedge Fund Managers Are Claiming Bailouts as Small Businesses – Bloomberg
Americas:
- COVID-19: California to give each undocumented immigrant $500 as Coronavirus relief – Mazech Media
- House Democrats propose $2,000 a month payment to Americans until economy recovers from coronavirus – Mazech Media
- $1.7 million tax benefits for people making more than 1 million per year…What?? – Forbes
- Bank of America posts 45% decline in first-quarter profit, braces for big loan losses – CNBC
- Millionaires to reap 80% of benefit from tax change in US coronavirus stimulus – The Guardian
- TheBeigeBook Summary of Commentary on Current Economic Conditions – Fed Reserve
Europe:
- EU dismisses industry calls to lift ban on single-use plastics – Euractiv
- Merkel Allows Smaller German Shops to Reopen in Lockdown Easing – Bloomberg
- British lawmaker says China is trying to exploit the COVID-19 crisis – Reuters
- The tech ‘solutions’ for coronavirus take the surveillance state to the next level – The Guardian
- France summons Chinese ambassador over virus remarks – RTHK
- ‘Our kids aren’t guinea pigs’: Danish mums rebel as schools open – Aljazeera
Asia:
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- Thailand plans $33 billion public-private investment projects – Reuters
- China Blacklists Blockchain Firm from Distributing COVID-19 Supplies – Crypto Associate
- China Confronts Major Risk of Debt Crisis on the Belt and Road Due to Pandemic – The Diplomat
- Coronavirus to push China’s first-quarter GDP into first decline on record – Reuters
- China’s dilemma is how to recreate demand in a shattered population – The Times
- Chinese companies still hope for New York IPOs — CNBC
Trans-Tasman:
- Extracts from Turnbull’s new memoir blame Morrison for leaking critical tax policy and weakening his Government – The SMH
- One in three Australians drink daily during coronavirus lockdown, according to poll – ABC
- ‘Scott is a control freak’: what Malcolm Turnbull’s new book tells us about his relationship with Morrison – The Guardian
- Australian Prime Minister Scott Morrison rejects calls for politicians to take a pay cut – MSN
- Retrenched workers denied JobKeeper because bosses won’t put them back on – The SMH
- Australians installed 22,661 home battery systems in 2019 – One Step Off The Grid
- Coalition MPs call for review of Australia’s WHO funding – The SMH
- Mascot Towers repair bill to hit $53 million prompting owners to consider selling – ABC
- Will the recession caused by the COVID-19 pandemic herald the Great Reset? – Interest.co.nz
- Big jump in rent arrears for commercial premises, especially for retail – Interest.co.nz
- What government does next will determine how many jobs are lost – Interest.co.nz