Global Macro / Markets / Investing:
- Coronavirus Caused Economic Devastation Globally- With or Without Lockdowns – National Interest
- Low-information ‘investors’ rule the stock market — at least until they lose every cent. – MarketWatch
- Millions of Jobs Could Be Permanently Lost in Reallocation Shock – Bloomberg
- Private Equity Gets a Big Win With U.S. Nod to Tap 401(k) Plans – Bloomberg
- Ripple effects of downturn show pandemic’s early economic toll was just the beginning – MSN
- The secret behind the booming stock market – ABC
- America’s Currency Is Losing Its Exceptionalism – Bloomberg
- 2008 financial Crisis Never Really Ended – QZ
Americas:
- Most Americans Say Wealth Hasn’t Improved During Trump Years – Bloomberg
- Hertz, bankrupt by pandemic, puts thousands of cars up for sale – NY Daily News
- The only way to truly solve the race problem in America is to narrow the wealth gap, black economists say – Market Watch
- US National Debt Spiked by $1 trillion in 5 weeks to $26 trillion. Fed monetized 65%. Business debts spike to high heaven. – Wolf Street
- NBC predicts largest real estate price drop in Canadian history – Better Dwelling
- Tenants behind on rent in pandemic face harassment, eviction – AP News
- As 2020 retail closures accumulate, thousands more expected – CTV
Europe:
- Germany Pushes Electric Cars in $145B Stimulus – DW
- How worrying is Britain’s debt? Surprisingly, we economists say: not very – The Guardian
- Germany Just Unveiled the World’s Greenest Stimulus Plan – Bloomberg
- The EU central bankers are divided on increasing incentives by the ECB – Economo
- UK economy shrinks record 20.4% in April due to lockdown – BBC
- Britain’s GDP falls 20.4% in April as economy is paralysed by lockdown – The Guardian
- UK considers ending financial support for fossil fuels overseas – The Guardian
Asia:
Advertisement
- Hong Kong’s Rich Are Preparing for a Worst-Case Scenario – Bloomberg
- China’s industrial engine bounced back strongly in May, but consumption weak – SCMP
- Japan’s fiscal condition worsens further amid COVID-19 malaise – Japan Times
- China faces outcry after premier admits 40% of population struggles – FT
- Chinese inflation data signal for the long way to normalcy – Economo
- Taiwan builds ‘nerd immunity’ to resist Chinese disinformation campaigns – The Telegraph
- Hong Kong’s 50-year curse takes effect early… but this is just the beginning – Hong Kong FP
Trans-Tasman:
- Cabinet ministers charge taxpayers for trip involving party fundraiser – The Guardian
- Second Melbourne Black Lives Matter Protestor tests positive to Coronavirus – ABC
- Journalists at the Age express alarm over increasing politicisation and loss of independence – The Guardian
- Majority of Australians say extending jobkeeper and jobseeker would help coronavirus recovery – The Guardian
- Secret tapes, carpark cash drops, ministers threatened: inside Victoria’s stackathon – The Age
- Australia’s most efficient solar cell, next to ‘revolutionise an entire industry’ – ABC
- Scott Morrison outlines details of Government JobMaker plan, including fast-tracking infrastructure projects – ABC
- Retirees warn of hit to their incomes worth tens of billions of dollars – The Age
- The recession starts here… – Interest.co.nz
- Net migration gain of just 48 in April as the lockdown all but closed the border – Interest.co.nz