Global Macro / Markets / Investing:
- The Fed is reasonably cautious about controlling the yield curve – Economo
- The world emerges from the hegemony of the United States, but does not take its eyes off them – Economo
- Tesla mocks shortsellers with sale of red satin shorts – Reuters
- Global tourism stands to lose up to $3.3 trillion from COVID-19 – Reuters
Americas:
- NYC Rental Market Pushed to Breaking Point by Tenant Debts. Stopgap measures are keeping renters in their apartments, even as their bills stack up. – Bloomberg
- Bed Bath & Beyond to close 200 stores over 2 years as sales fall almost 50% during pandemic – CNBC
- Loose Credit Led to Housing Price Bust. Excessive credit supply — not irrational buyer euphoria — was to blame for the 2003–2010 cycle, research shows. – Medium
- More than 20 million Americans may be evicted by September – MarketWatch
- 32% of U.S. households missed their July housing payments – CNBC
- The United States has dropped the “ability to repay” clause on payday loans – Economic Daily
- Economists Think Congress Could Create An Economic Disaster This Summer – Five Thirty Eight
Europe:
- UK companies offered huge incentive to give jobs to 16-24 year olds – Daily Mail
- Britain will save the economy with a new plan worth 30 billion GBP – Finances Herald
- French economy could grow by 19% in the third quarter – Finances Herald
- Christine Lagarde hinted for a pause in the ECB’s decisions – Economic Daily
- The EU economy will shrink by 8.3% this year – Economic Daily
- Italian mafia bonds sold to global investors – FT
Asia:
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- Asian markets follow Wall Street higher after tech stocks gain – Market Watch
- White House Warns Against Chinese Investment, Citing Risk of Further Sanctions – NY Times
- White House may target Hong Kong dollar peg as punitive response – Hong Kong FP
- China to Build 6 to 8 Nuclear Reactors a Year From 2020 to 2025, Says China Nuclear Association – Channel News Asia
- Hong Kong’s Top Cop Overshadows Embattled Leader Carrie Lam as China Cracks Down – Reuters
- China’s ambassador warns Canadians to get ready for retaliation – The Star
Trans-Tasman:
- Australia suspends extradition treaty with Hong Kong – 7News
- Patty Mills to donate entire $1.5m salary from NBA restart to Australian black communities – ABC
- Melbourne’s hotel quarantine bungle is disappointing but not surprising. It was overseen by a flawed security industry – The Conversation
- ‘We’ve got to get out of here’: Melbourne residents join exodus into SA – ABC
- Australian experts raise security concerns about Chinese maker of Andrew Forrest Covid-19 tests – The Guardian
- ‘Robodebt 2.0’: tax office tells hundreds of childcare providers they are ineligible for jobkeeper – The Guardian
- NSW flags further COVID-19 restrictions with risk of contagion ‘extremely high’ – The SMH
- ‘Ridiculous’: China accuses Australia of disinformation over travel warning – The SMH