Links 30 April 2020

Global Macro / Markets / Investing:

• Oil prices claw back losses as storage fills less rapidly than feared – Economic Times
• Why We’re Almost Certainly Undercounting the Coronavirus Dead – Vice
• Boeing’s multi-billion-dollar venture collapses – RT
• We Don’t Know If the COVID-19 Shock Will Be Inflationary or Deflationary – Mises
• The coming Greater Depression of the 2020s – Market Watch

Americas:

• Coronavirus Relief Often Pays Workers More Than Work – WSJ
• SEC, strapped for funds, can’t police financial markets – The Hill
• McConnell’s Rediscovery of Deficit Is Recipe for Depression – VOX
• Trump says worst of pandemic is behind us. – CNN
• White House official warns of negative shocks before rebound later in 2020 – Yahoo
• Millions struggle amid delays in stimulus funds and unemployment – CBS

Europe:

• The best way for the EU to support the economy is through equity investment – Economo
• British Govt to give £60k life assurance payout to families of medics and care workers killed in Coronavirus line of duty – Mazech Media
• Europe Can Afford to Fight With China: Beijing likes to use economic threats to bully European countries. But they don’t need China as much as they think. – Foreign Policy
• EU and Mexico conclude negotiations for new trade agreement – Europa
• Police protecting Prague mayor after ‘Russian murder plot’ – BBC
• Fitch cuts Italy’s credit rating to one notch above junk – FT

Asia:

• China Has ‘Nationalized’ Its N95 Mask Makers – Forbes
• China Manager Who Sold Everything Before Rout Says Worse to Come – Bloomberg
• Two Chinese nationals arrested in Nigeria for illegal gold mining – Mazech Media
• China Said African Swine Fever Was Stable. Then Cases Climbed Again: Underreporting of disease that in 2019 killed about 25% of world’s hogs is rampant, USDA says. – WSJ
• Southeast Asia’s tourism and travel sector after COVID-19: a way forward – Emerging Market Experts
• A Chinese Bank’s Billion-Dollar Oil Slick – WSJ

Trans-Tasman:

• South Australia has reached 6 days straight with zero new cases, now down to only 14 active cases. – Adelaide Now
• Labor slams federal government after only three per cent of coronavirus support reaches Australians – SBS
• Think of coronavirus as a test run: Australian military leaders warn we must prepare for worse – ABC
• Coronavirus funding offer for independent schools ‘completely inappropriate’, Victorian Government says. – ABC
• Australia Is Heading Into Its Deepest Downturn in Almost 100 Years – Bloomberg
• I’m more worried about Mark Zuckerberg than this government and its tracing app – The Age
• Recipe for cheaper Australian electricity? Try 90 per cent renewables by 2040 – Renew Economy
• Victorian renters facing ‘unprecedented’ threat after COVID law change – 7News
• Australia Post hires hundreds, puts posties into vans to deliver parcels – The SMH
• Australia called ‘gum stuck to China’s shoe’ by state media in coronavirus investigation stoush – The Guardian
• Australia calls China’s envoy over ‘disappointing’ remarks – SCMP
• JobKeeper payments start next week, but hundreds of thousands of businesses aren’t signed up – ABC
• Victoria to pay up to A$1,100 to international students. – SBS
• Taiwan pushes Australia to back World Health Organisation tilt – The SMH
• Landlords, not taxpayers, to help cover businesses’ rent costs – Interest.co.nz
• Mortgage money kept flowing into the lockdown – Interest.co.nz