Global Macro / Markets / Investing:
- How the COVID-19 Bailout Gave Wall Street a No-Lose Casino – Rolling Stone
- The Death of the Central Bank Myth: For decades, monetary policy has been treated as technical, not political. The pandemic has ended that illusion forever. – Foreign Policy
- Why is Wall Street smiling when the economy collapses? – Business Devil Hunter
- Why Gen Z will be hit the hardest by the financial fallout from coronavirus – CNN
- Goldman Sachs says a second wave of coronavirus could make the Fed rethink negative interest rates – CNBC
Americas:
- Why the ‘great’ jobs market was always an illusion – Market Watch
- US Credit Card Spending drops 40% in March 2020, year over year, across all income levels – Politico
- White House preparing executive order requiring certain essential drugs be made in U.S., sources say – CNBC
- The national debt is soaring, so will taxes go up? Here’s what experts say – Grow Acorns
- 3 million Americans filed jobless claims last week, pushing eight-week total to 36.5 million – Washington Post
- Fed survey shows almost 40 percent of American households making less than $40k lost a job in March – The Week
- ‘Blue state bailouts’? Some states like New York send billions more to federal government than they get back – The Conversation
- Fed chairman asks Congress to consider more stimulus – The Hill
Europe:
- European Central Bank Rep: Main Obstacle For CBDC Is Philosophy Not Tech – Crypto The News
- European Commission president warns state aid is ‘unlevelling the playing field’ in Europe — The Guardian
- German banks cheated on European Central Bank’s stress tests – DeCrypt
- The European Union’s post-Brexit reckoning with financial markets – Bruegel
- The EU precarious employment is expected to rise due to the pandemic – Economo
- Europe halts delivery of 10 million ‘poor quality’ Chinese masks – Aljazeera
Asia:
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- China’s Shoppers Aren’t Going to Restaurants, Bad Sign for Malls – Bloomberg
- In China, four decades of economic growth screeches to a halt – NBC
- Trump says the US is ‘looking at’ Chinese companies that trade on US exchanges but don’t follow accounting rules – Business Insider
- China’s Slow Economic Rebound from the Coronavirus Points to an Extended U.S. Slump – New Yorker
- China’s $1 Trillion Of U.S. Treasuries Are A Bet On Trump’s Casino That May Go Bust – Forbes
Trans-Tasman:
- Youth activists to mount legal challenge against Clive Palmer coal project – New Daily
- Trade tensions escalate: China threatens to stop buying Australian politicians – Chaser
- Australia-China ties at risk of slipping into permanent hostility, former senior diplomat warns – The Guardian
- Defence has imagined modern warfare and Australia is not prepared – ABC
- Bob Carr: While the world looked the other way, corporate giants abandoned coal – The SMH
- NBN broadband tax clears parliament – ZD Net
- Marvellous Mirvac: $8 billion property developer rorts JobKeeper scheme – Michael West – Michael West
- Coronavirus impact on Victorian economy to be 140 times worse than bushfires, Treasury expects – ABC
- Stranded without support, international students across Australia rely on free food to survive – The Guardian
- The lights are on, the economy hasn’t been reset yet – thankfully – Interest.co.nz