Global Macro / Markets / Investing:
- U.S. crude oil futures crashes, ends negative at -$37.63 for the first time in history – Reuters
- US oil prices on pace for their worst day ever as storage runs out – CNBC
- This oil price crash isn’t as bad as it seems — here’s why – CNBC
- Why oil prices will never recover: Oil prices could wax and wane but will not rise above $30-40 a barrel for any sustained period ever again – Asia Times
- Texas, Like OPEC, Can’t Turn Back Time for Oil | There’s a reckoning coming for frackers that can’t be stopped – Bloomberg
- Stirrings of unrest around the world could portend turmoil as economies collapse – Washington Post
Americas:
- One $1,200 stimulus check won’t cut it. Give Americans $2,000 a month tax-free to fire up the economy – MarketWatch
- White House Tells Federal Workers to Prepare to Return to Office – Bloomberg
- Social Capital Founder Says Coronavirus Relief Should Focus on Workers, Not Corporations – The Hill
- United Airlines posts $2.1 billion pretax loss as coronavirus roiled business, seeks more federal aid – CNBC
- Without More Tests, America Can’t Reopen – The Atlantic
Europe:
- ‘UK youth employment prospects crumbling’ in coronavirus crisis – The Guardian
- Italy is in more danger than the eurozone will acknowledge – FT
- Poland and Denmark exclude tax haven companies from coronavirus relief schemes – London Economic
- China furious over German newspaper claims that China caused Covid-19 outbreak – RFI
- Merkel backs EU bonds to fight coronavirus crisis – Politico
- Solidarity Is Not What Europe Needs by Yanis Varoufakis – Project Syndicate
- Coronavirus lockdown sparks riots in Paris – Sky News
- Berlin, Germany to cover coronavirus treatment costs for all EU patients in Germany – Politico
Asia:
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- China economy enters vicious circle as business cuts crush demand: Survival measures by cash-strapped companies mean less money in consumers’ wallets. – Nikkei
- Lee Kuan Yew and the myth of Asian capitalism – Japan Times
- IMF forecasts India’s growth rate could top 7% in 2021 if the coronavirus outbreak is brought under control – CNBC
- A Diamond in the COVID–19 Rough? Taiwan Export Orders Surge in March – The Diplomat
- Are Foreign Companies Really Leaving China in Droves? – Piie
- China’s excavator sales soar as Beijing opts for old-school economic stimulus – SCMP
Trans-Tasman:
- Open letter from 222 Australian economists: don’t sacrifice health for ‘the economy’ – The Conversation
- Virgin Australia Set To Change Their Name After Being Fucked By Coronavirus – Betoota Advocate
- Victorians describe feeling intimidated by police enforcing lockdown laws – The Guardian
- Backpackers face abuse and job losses in regional South Australia as communities fear coronavirus spread – ABC
- Coronavirus cases in Victoria rise by seven as chief health officer flags total elimination of virus in Australia – ABC
- Virgin Australia folding, as Richard Branson offers luxury island in coronavirus bailout deal – New Daily
- The next phase of coronavirus: How to rebuild employment – New Daily
- Hastie calls for ‘push back’ as coronavirus reveals ‘true cost’ of reliance on China – The Age
- New coronavirus cases at record lows in most Australian states and territories – SBS
- ATO vows to crack down on Aussies planning to withdraw $10,000 from their super – Daily Mail
- How Australia bypassed WHO’s China Problem – WA Today
- Removal of LVRs – it’s a bombshell and may be a very bad call – Interest.co.nz