Global Macro / Markets / Investing:
- ‘The dollar is going to fall very, very sharply,’ warns prominent Yale economist – Market Watch
- Stock-market legend who called 3 financial bubbles says this one is the ‘Real McCoy,’ this is ‘crazy stuff’ – Market Watch
- AI isn’t magical and won’t help you reopen your business – WSJ
- The Fed is addicted to propping up the markets, even without a need – Washington Post
- Critics blast the Fed’s latest bond-buying program – Decrypt
Americas:
- National Debt Growing at Roughly $1 Trillion a Month – Sounding Line
- The Rich Cut Their Spending. That Has Hurt All the Workers Who Count on It. – NY Times
- COVID-19 Broke the Economy. What If We Don’t Fix It? – Vice
- The extra $600 Americans receive in weekly unemployment benefits ends in July — how that could cost the U.S. more jobs – Market Watch
- U.S. Bankruptcy Surge Is Worst Since the Great Financial Crisis – Yahoo
- Canada to extend the Covid emergency relief benefit indefinitely – CBC
Europe:
- Brexit set to cost the UK more than £200 billion by the end of the year – London Economic
- A tenth of UK millionaires paid lower rate of tax than someone earning just £15k – London Economic
- The Bank of England is set to unveil another $125 billion stimulus package as it fights coronavirus – Business Insider
- Norwegian Cruise Line Extends Travel Suspension, Rattling Industry – Bloomberg
- The European Union’s plan to protect our industry from China’s appetites – Business Devil Hunter
- The EU’s recovery fund proposals: crisis relief with massive redistribution – Bruegel
Asia:
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- China Pledges Credit Boom to Push Economy Out of Virus Slump – Yahoo
- China Loses Landmark WTO Dispute Against EU – Bloomberg
- China’s rich seek ways to move cash abroad before yuan weakens – Nikkei
- As Kim Jong-un Turns Hostile to South Korea, His Sister Does the Talking – NY Times
- North Korea to Deploy Troops to Two Demilitarized Areas Near Border – Kyodo News
- Indonesia Eyes Final Stage of Clinical Tests of Vaccine in July – Kyodo News
Trans-Tasman:
- Unemployment reaches 19-year high in May after loss of 227,000 jobs – The SMH
- Australian political expenses: experts urge overhaul to stop ‘abuse of taxpayer dollars’ – The Guardian
- Experts warn of housing ‘time bomb’ when Covid rent laws expire and welfare halves – The Guardian
- RBA considered asking for real estate transaction ‘pause’ amid property crash fears – ABC
- Coronavirus cases in Victoria surges again as community transmission gains pace – 7 News
- Chris Bowen billed taxpayers for whirlwind trip to party fundraiser – The Guardian
- ‘Disinformation is Australia’s expertise’: China hits back over social media report – ABC
- Regional newspaper cuts leave locals fearing loss of community and accountability – ABC
- ATAR cut-offs to soar without more uni places to meet surging demand – The SMH
- ‘This is a big moment’: UK trade secretary keen to revamp Australian work visas – The SMH
- Beware Grant – pumping $60 billion into the economy has consequences – Interest.co.nz
- GDP shrinks 1.6% – largest fall since 1991 – Interest.co.nz
