Global Macro / Markets / Investing:
- Why Are Stocks Soaring in the Middle of a Pandemic? – Foreign Policy
- Protectionism Spreads Globally With the New Coronavirus – WSJ
- Economists must collaborate courageously with biomedical science, epidemiology, public health to help find solutions to the COVID pandemic – Nature
- Car dealerships are reopening but the pivot to online sales has begun – The Conversation
- The wealth of generations, with special attention to the millennials – Brookings
- Central Banks Should Consider Creating Money for Everyone – Basic Income Today
- $1 Trillion of Corporate Bonds Today, Downgrades Tomorrow – Bloomberg
Americas:
- No, the Pandemic Will Not Bring Jobs Back From China: The Trump administration says manufacturing jobs are coming home. The facts tell another story. – Foreign Policy
- Big Bankruptcies Sweep the U.S. in Fastest Pace Since May 2009 – Yahoo
- Powell Says Fed Policies ‘Absolutely’ Don’t Add to Inequality – Yahoo
- U.S. economy shrank at 5% annual rate in Q1 – Politico
- Venezuela Announces Fuel Price Hike in Historic Policy Shift – Bloomberg
- Corporate Rescue: How the Fed Bailed Out the Investor Class Without Spending a Cent – The Intercept
- U.S. savings rate hits record 33% as coronavirus causes Americans to stockpile cash, curb spending – CNBC
- Bank economists see US unemployment lingering above 10 percent through year’s end – The Hill
Europe:
- Sweden’s economy actually grew in the first quarter after it opted against a full virus lockdown – CNBC
- Spain approves national minimum income scheme – Independent
- British car industry produced just 197 cars last month – The Guardian
- Banks Told by EU to Take Climate Change Into Acccount in Lending – Bloomberg
- An uncompromising EU budget – Bruegel
- Sweden’s Economy Grew Last Quarter, Adding to Covid-19 Debate – Bloomberg
- Retail sales in Germany reported their steepest decline since 2007 – Economo
Asia:
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- Trump’s plan to strip Hong Kong of its special status is light on detail, but economists still fear for city’s future – SCMP
- The Korea-Japan Trade Dispute: How it began, Where it is now and What could end it – BBC
- Is China rich or poor? Nation’s wealth debate muddied by conflicting government data – SCMP
- Japan’s low unemployment rate conceals deeper labor market pain – Japan Today
- Sri Lanka to Impose Nation-wide Curfew on Sunday as Doctors Warn of Second Wave of Coronavirus – Times of India
- Taiwan Decriminalises Adultery in Landmark Ruling – Reuters
- China Continues to Defend Falling Yuan Amid Hong Kong, US Tensions – SCMP
Trans-Tasman:
- All Centrelink debts raised using income averaging unlawful, Christian Porter concedes – The Guardian
- Australia’s national environment laws ‘actually allow extinction to happen – The Guardian
- Australian anti-vaxxers label Covid-19 a ‘scam’ and break distancing rules at anti-5G protests – The Guardian
- Jobseeker Mutual Obligations to gradually return from June 9, 2020. – Press Release
- Robodebt scandal: leak reveals unlawful debts predate 2015 but government has no plans to pay back money – The Guardian
- Coalition to consider life-of-project enterprise agreements in IR discussions – The Guardian
- Expansion of water bottling industry banned across NSW/QLD border regions – ABC
- Coalition told robodebt ‘no longer viable’ and should be abolished, leaked advice reveals – The Guardian
- Robodebt was base politics, flawed policy and bad government – The SMH
- Rapid shift to renewable energy could lead Australia to cheap power and 100,000 jobs – The Guardian
- Recessions and the destructive effects of long-term unemployment – Interest.co.nz
- Several billions of dollars of loans shift to interest only in April – Interest.co.nz