Links 11 June 2020

Global Macro / Markets / Investing:

• Nasdaq tops 10,000 for the first time EVER – CNN
• Negative Interest Rates Will Damage an Already Crippled Economy – Reason
• Markets Are Missing a Big Political Risk: A Wall of Misinformation – Barrons
• What Happened in 1968 Can Show Us Why the Market Is Rising Now – Barrons
• World Bank: COVID-19 to contract global economy by 5.2% this year – Yahoo

Americas:

• Plunging Renewable Energy Prices Mean U.S. Can Hit 90% Clean Electricity By 2035 – At No Extra Cost – Forbes
• Economists Warn It Is Too Soon To Call Off Federal Aid – NPR
• No, the Jobs Report Wasn’t Rigged. Here’s What Happened. – NY Times
• No, the unemployment rate didn’t really drop in May – Brookings
• Consumers on track for record year of debt repayment before coronavirus hit – Daily Fodder
• The Economists In Our Survey Are Slightly More Hopeful Than They Were Two Weeks Ago – Five Thirty Eight

Europe:

• German exports collapse by more than 30% in April – Economo
• The duration of working life in the EU is growing in 2019 – Economo
• EU to extend ban on sale of Croatian farmland to foreigners – Euractiv
• EU told to stop being naive, pay more to fight China disinformation – Free Malaysia
• Britain goes coal free as fossil fuels edged out – BBC
• Germany earmarks 500 million euros for electric car charging – Reuters
• Italy’s debt unsustainable, will face eventual restructuring: Schroders – Reuters

Asia:

• China’s silent treatment for Australia in beef, barley trade row viewed as new normal under ‘Wolf Warrior’ diplomacy – SCMP
• China Could Force Donald Trump And The Fed To Destroy The U.S. Banking System – Forbes
• China suspends debt repayments for 77 developing countries and regions – Business Inquirer
• North Korea halts all communications with South – BBC
• China to Strengthen Global Cooperation in COVID-19 Vaccine Trials – Reuters
• India Overtakes Italy’s Coronavirus Tally as Lockdown Easing Looms – Channel News Asia

Trans-Tasman:

• New Zealand lifts restrictions, opening up live music, arts and entertainment as Australia makes plans for September – ABC
• Reconciliation Australia ends partnership with Rio Tinto over destroyed heritage site – The Guardian
• Robodebt: total value of unlawful debts issued under Centrelink scheme to exceed $1bn – The Guardian
• Australia Post’s new delivery model will slash jobs, union warns – The Guardian
• Sydney schools relying on demountables to manage rapid student growth – ABC
• Australia’s largest insurer to pull out of coverage for farmers with CSG infrastructure on properties – ABC
• ABC seeks voluntary redundancies to make up $41m budget shortfall – The Guardian
• Virgin Australia’s administrator pleads for government support to stop bidders from walking away amid coronavirus crisis  – ABC
• Coalition hints at ‘further adjustments’ to jobkeeper as Labor accuses it of breaking promise – The Guardian
• Australia’s borders are closed? There’s 8000 reasons that’s not quite true – New Daily
• Govt debt pile starts mounting – Interest.co.nz
• The troubles with tourism – Interest.co.nz