Links 11 May 2020

Global Macro / Markets / Investing:

• The office as we knew it is dead: the corona virus crisis has proved that companies can remain productive remotely – Business Insider
• Why The Stock Market Is Up Even With Historic Job Losses? – Stock Market News
• ‘We’ve seen the lows in March’ for the stock market, says Jeremy Siegel who called Dow 20,000 in 2015, ‘and we will never see those lows again – Market Watch
• Essential workers have found their power during the coronavirus pandemic – VOX
• Wall Street week ahead: U.S. data deluge to underscore divide between roaring market, plunging economy – Reuters

Americas:

• Telework may save U.S. jobs in COVID-19 downturn, especially among college graduates – Pew Research
• “The Mortgage Market Never Got Fixed After 2008. Now It’s Breaking Again.“ – WSJ
• Employers struggle to lure Workers away from Expanded Unemployment Benefits – WSJ
• Democratic Senators propose $2,000 monthly payments to most Americans. Including children. – Politico
• U.S. faces meat shortage while its pork exports to China soar – Reuters
• A majority of H-1B employers—including major U.S. tech firms—use the program to pay migrant workers well below market wages – EPI
• JPMorgan: It doesn’t make sense Fed to implement negative interest rates at all – Economy
• We Now Have the Worst Unemployment Rate Since the Great Depression – Slate
• Even the Essential Industries Aren’t Adding That Many Jobs – Bloomberg
• U.S. Budget Deficit Hit $737 Billion in April as Taxes Slow, Spending Rises, CBO Says – WSJ
• Health care industry decimated by coronavirus, loses 1.4 million jobs – The Hill

Europe:

• German exports fell to all-time low in March – Economo
• ECB: Political referenda and investment: evidence from Scotland – Europa
• Amsterdam’s sweet tooth for a doughnut that can save the planet — Sustainable Review
• Bank of England warns of deepest recession on record – BBC
• Finnish basic income pilot improved wellbeing, study finds – The Guardian
• Two months before the cliff – millions of Europeans cannot afford food and lodging after two months without income – Bruegel

Asia:

• North Korea’s Trade With China Continues Rapid Decline – The Diplomat
• China auto wholesales April 2020: Market up 0.9%, first year-on-year gain since June 2018 as post-virus recovery is confirmed – Best Selling Cars Blog
• India’s gold imports plummet by 99.5% – Mining
• 80 million Chinese may already be out of work. 9 million more will soon be competing for jobs, too – CNN
• China exports rebound in April on pick-up in Asian demand – FT

Trans-Tasman:

• No guarantee JobKeeper, JobSeeker will last 6 months: PM – Yahoo
• ‘Time to click reset’: coronavirus offers chance to end Australia’s welfare wars – The Guardian
• Australian government tells ICC it should not investigate alleged war crimes in Palestine – The Guardian
• George Christensen revives diplomatic spat with threat to summons Chinese ambassador – The Guardian
• Private school to spend millions on public park upgrade under council deal in exchange for 30 year usage after school and on Saturdays. – The SMH
• Defiant anti-lockdown protesters ignore police warning – The Age
• Chinese buyers abandon Australian property, replaced by US investors: FIRB report – Domain
• Crowds swarm to shopping centres as coronavirus restrictions begin to ease, causing alarm over lack of social distancing – ABC
• Labor MP Anika Wells says coronavirus restrictions have shown need for workplace flexibility – ABC
• Australian farmers caught in the middle as China expected to announce tariffs that would end barley trade – ABC
• Home Loan Data Shows the Economic Cost of Lockdowns – LiveWire Markets
• A wave of new completed or upgraded building is about to wash over the commercial property market just as demand for space slumps – Interest.co.nz
• A brief history of economic self-sufficiency in New Zealand – Interest.co.nz