Links 12 June 2020

Global Macro / Markets / Investing:

• The Economies Most Reliant On Trade – Bartday
• Widespread mask-wearing could prevent COVID-19 second waves-study – Reuters
• A Crash in the Dollar Is Coming – Bloomberg
• Why does the economy run in cycles? – Next Wave

Americas:

• The Looming Bank Collapse – The U.S. financial system could be on the cusp of calamity. This time, we might not be able to save it. – The Atlantic
• Plunging Renewable Energy Prices Mean U.S. Can Hit 90% Clean Electricity By 2035 – At No Extra Cost – Forbes
• Mortgage demand from buyers amazes again, now up 13% annually – CNBC
• Fed Needs Better Answers on Runaway Markets and Inequality – Bloomberg
• A ‘wave’ of layoffs is coming for $100,000/year white-collar jobs – Yahoo
• Fed Officials Project No Rate Increases Through 2022 – WSJ
• The Illusion of a Rapid US Recovery – Project Syndicate
• A third of America’s malls will disappear by next year – CNBC
• A housing ‘apocalypse’ is coming as coronavirus protections across the country expire – CNBC

Europe:

• UK economy likely to suffer worst Covid-19 damage, says OECD – The Guardian
• The ECB’s phobia of deflation creates preconditions for more incentives – Economo
• EU says China behind ‘huge wave’ of COVID-19 disinformation – The Guardian
• Tony Blair: ‘Europe’s got to make it quite clear that it stands with Greece’ – ekathimerini.com
• UK economy likely to suffer worst Covid-19 damage, says OECD – The Guardian
• EU accuses China, Russia of virus disinformation campaigns – Rappler
• Britain must brace for riots as anger grows over restrictions, says government adviser – Independent

Asia:

• Indian economy to grow at 9.5% in next fiscal: Fitch Ratings – Economic Times
• Taiwan Semiconductor Company Says Other Clients Can “Fill Gap” if US Ban Hits Huawei – Nikkei
• How Getting Rid of Dustbins Helped Taiwan Clean Up Its Cities – BBC
• China to Strengthen Global Cooperation in COVID-19 Vaccine Trials – Reuters
• Recession Looms as India Reopens After Lockdown – BBC
• A chill descends on Chinese scholars in Japan – Japan Times

Trans-Tasman:

• BHP to destroy at least 40 Aboriginal sites, up to 15,000 years old, to expand Pilbara mine – The Guardian
• ABC to slash programming and services as it grapples with Coalition funding cuts – The Guardian
• Labor MP calls for united response to racism following attacks on Chinese-Australians – The Guardian
• At least 1,241 tonnes of microplastics are dumped into Aussie farmland every year from wastewater sludge – The Conversation
• NSW Health review of Ruby Princess savaged for ‘spin, bias and weasel words’ – ABC
• ‘Kept under lock and key’: Adani secures insurer support for Carmichael mine – The SMH
• Warnings Australia’s first recession in 29 years could stoke anti-immigration attitudes – SBS
• CBA faces class action over credit insurance – The Adviser
• Home affairs flags steps to help Australians identify fake news by foreign powers – The Guardian
• Many landlords are struggling right now. Here’s why – ABC
• Retail spending zooms back – Interest.co.nz
• Kiwibank cuts floating mortgage rates – Interest.co.nz