Global Macro / Markets / Investing:
- Amazon now makes $10,000 per second in online sales – Mazech Media
- Mark Cuban: stock market is overvalued during pandemic – Decrypt
- Covid-19 Excuse Restricts Millions of Citizens from Withdrawing Their Own Money – Bitcoin News
- Oil Outlook Vastly Different Than When It Plunged Into Negative Territory A Month Ago – Stock Market News
- In a replay of 2008, toxic subprime loans could worsen this financial crisis – Market Watch
- The 2020 Global Economic Crisis Explained – Economy Channel
- The Emerging Debt Crisis in Emerging Markets – Canny Capitalist
- Countries’ massive debt piles are turning into a disaster – CNN
Americas:
- US Fed report reveals depth of financial crisis it helped create – WSWS
- Fed Chairman Prefers Money Printing to Negative Rates – 7 Bitcoins
- No students. No graduation. ‘Total devastation’ in college towns during coronavirus pandemic – USA Today
- Crushing the States, Saving the Banks: The Fed’s Generous New Rules – Common Dreams
- Powell warns US recovery could stretch through end of 2021 – Bloomberg
- US retail sales plunged a record 16% in April as virus hit – AP News
Europe:
- Spain is about to bring in a basic income scheme which the government thinks will ‘stay forever’ – Business Insider
- EU to halve pesticides by 2030 to protect bees, biodiversity – Reuters
- Germany has provided more than 50% of EU state aid to deal with the coronavirus crisis – Economo
- German economy contracted by 2.2% in Q1 2020 – Economo
- British economy will recover slowly from Covid-19 – Economo
Asia:
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- China offers US$2bil aid and promises to share vaccine with world – The Star
- Japan, the world’s third largest economy falls into full-blown recession – Mazech
- India Turns to Reforms to Keep Virus From Sinking Its Economy – Bloomberg
- Why new U.S. rules on selling chips to Huawei could be a ‘big blow’ for the Chinese tech giant – CNBC
- China Faces Angry World Seeking Virus Answers at Key WHO Meeting – Bloomberg
- China’s trade faces unprecedented challenges amid pandemic: China’s commerce minister – Reuters
- Coronavirus: Can India replace China as world’s factory? – BBC
Trans-Tasman:
- Sydney and Melbourne property prices could fall by 50 per cent as debt bubble set to burst, economist warns – 7 News
- ‘For your children’: former top Australian public servants call for carbon price – The Guardian
- Coronavirus rental hardship ‘kicked down the road’ to spring of ‘carnage’ – ABC
- Queensland may never beat coronavirus, experts say, as 42 cases remain untraceable – ABC
- Coalition of 116 countries back Australia’s push for independent coronavirus inquiry – SBS
- Coalition reveals new emissions reduction measures, including paying polluters to stay under cap – The Guardian
- Chinese embassy ridicules Australia for claiming vindication for global coronavirus inquiry – ABC
- Why is the Australian government letting universities suffer? – The Conversation
- China backs WHO-led investigation into global response to coronavirus – ABC
- Labor leader argues against keeping Jobseeker payment at boosted rate – The Guardian
- Adrian Orr: Banks are going to have to be ‘forgiving’ – Interest.co.nz
- Increasing household debt levels are not just a first home buyer problem – Interest.co.nz