Global Macro / Markets / Investing:
- Cannabis has gone from a criminalized drug to a multibillion-dollar global boom in just a few years – Business Insider
- Coronavirus Economic Turmoil Makes Case for Alternative Data – Bloomberg
- What future for global oil demand? – Exploring
- World’s largest study shows carbon pricing reduces emissions – Phys.org
- World’s population likely to shrink after 50 years – 24 Story
- Fertility rate: ‘Jaw-dropping’ global crash in children being born – BBC
Americas:
- U.S. Job Gains Look Like They’re Slowing or Reversing in July – Bloomberg
- Rent is Unaffordable in Every Single State in America – Huff Post
- ‘Absolute chaos’: San Francisco Bay Area businesses grapple with start-stop opening and closing – SF Chronicle
- The 1% illegally dodged 70% of taxes ($381 BILLION/YEAR), while the rich republicans and democrats gut the IRS funding. – CBO
- Senate Democrats push to extend enhanced unemployment benefit until jobless rates fall – CNBC
- Canada log export plunge emerges as first possible TPP violation – Nikkei
- How the American Worker Got Fleeced – Bloomberg
- Mortgage Delinquencies Suddenly Soar at Record Pace – Wolf Street
Europe:
- Electric-car subsidies make Renaults free in Germany – Stripes
- UK economy shrinks 24.5% YoY, on track for deepest recession in more than a century – Independent
- Brexit was meant to make Britain global. It has made us friendless – The Guardian
- U.K. ban on Huawei prompts calls for tougher EU approach – Politico
- Many Germans (42%) say China will overtake US as superpower – DW
- Donald Trump says EU was formed to take advantage of United States – Business Insider
Asia:
- The untapped economic potential of Vietnam’s ethnic minority groups – South East Asia Globe
- Economic slump: The ‘China Dream’ shattered – The Hill
- China GDP: economy avoids recession with second-quarter growth of 3.2 per cent amid coronavirus recovery – SCMP
- China Set to Fall Short on U.S. Energy Purchases – Oil Price
- China indignant as France imposes tit-for-tat curbs on passenger flights – RFI
- Chinese media calls for ‘pain’ over UK Huawei ban as Trump claims credit – The Guardian
Trans-Tasman:
- Build community housing to help beat the COVID-19 recession, Federal Government urged – ABC
- Cocaine use at ’20-year high’ as Australians turn to vaping over cigarettes – ABC
- Rupert Murdoch’s big investment headache: Australia – Reuters
- Almost 1 million Australians unemployed: ABS – The SMH
- More Australians back legalising cannabis and 57% support pill testing, national survey shows – The Conversation
- Coalition to commit $2bn for training if states agree to overhaul of vocational education – The Guardian
- UNSW to cut 493 staff and merge faculties under COVID-19 response plan – The SMH
- Scott Morrison says we can’t shut down Australia to contain second wave of Covid-19 – The Guardian
- Amid the coronavirus economic crisis, cutting taxes for the wealthy is the worst possible response. – ABC
- China’s demand for coal and iron ore surges despite rising animosity with Australia – The SMH
- Property market at a turning point says CoreLogic – Interest.co.nz
- RBNZ’s inflation headache – Interest.co.nz
- There’s still more New Zealanders leaving the country than are arriving – Interest.co.nz
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
Latest posts by Unconventional Economist (see all)
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OK. I’m gonna need a safe word for this.
https://www.smh.com.au/sport/rugby-union/sydney-to-host-bledisloe-as-rugby-championship-confirmed-in-nz-20200716-p55clx.html
Why?
NEW ZEALAND: JULY IPSOS ISSUES MONITOR … HOUSING AFFORDABILITY 2ND MAJOR CONCERN … AND RISING AGAIN …
Ipsos NZ Issues Monitor July 2020
https://www.ipsos.com/en-nz/ipsos-nz-issues-monitor-july-2020
This report highlights the key issues faced by New Zealanders and how this has changed over time. Additionally, this report covers the following: • Performance of the government as perceived by New Zealanders • Ability of different political parties to manage different issues • Top 10 issues: New Zealand vs Australia • People’s views on keeping the border closed …
… The Ipsos New Zealand Issues Monitor asked 1,000 New Zealanders to select from a list of 20, the three most important issues facing the country and the ability of the country’s political parties to best manage these issues. The New Zealand Issues Monitor has been running since February 2018.
The top three issues facing New Zealanders in July 2020 are the economy, followed by housing / cost of housing and unemployment. Healthcare / hospitals, poverty / inequality and Inflation / cost of living occupied the fourth, fifth and sixth positions respectively. … read more via hyperlink above …
.
.
… Is political progress on land supply and infrastructure debt financing fast enough ? … first … check out Urban Development Minister Phil Twyfords website …
Urban Development … Hon Phil Twyford … Beehive
https://www.beehive.govt.nz/portfolio/labour-led-government-2017-2020/urban-development
… and too … important media reports from December … in particular Hon Phil Twyfords 1st Reading Speech on the Infrastructure Funding and Financing Bill … How is progress ? …
… When can Kiwis have $50,000 serviced lots / sections … like the Americans … check out http://www.PerformanceUrbanPlanning.org
Government and National support Bill enabling government-approved infrastructure projects to be paid for using levies imposed on landowners – even those who didn’t know they’d be levied when they bought their property … Intertest Co NZ
https://www.interest.co.nz/property/103068/government-and-national-support-bill-enabling-government-approved-infrastructure
How Judith Collins (NZ National Party Housing Spokesperson) has more in common with her arch nemesis, Phil Twyford, than one might be led to believe … Jenee Tibshraeny VIDEO INTERVIEW … Interest Co NZ
https://www.interest.co.nz/personal-finance/103112/how-judith-collins-has-more-common-her-archnemesis-phil-twyford-one-might-be
Joe Biden: “I have a Joke. How many Republicans does it take to change a light bulb?”
CNN: “Don’t Know. How many?”
Joe Biden: “To get to the other side”
None, they’d hire Mexicans to do it
Unfortunately that does seem to reflect the current state of the Republicans response to almost every major issue. I don’t believe Biden was really that cruel however.
The Bird is the Word …
“Capitalism depends for its legitimacy on the shared illusion that when scarcity occurs it is natural. There really are only so many resources to go around, and capitalism’s claim is that a free market allocates those resources most efficiently to produce the greatest wealth for the society as a whole. The system isn’t actually natural, of course, and informed people understand both that there are jobs the market won’t adequately do and that the rules of the game are human creations that can be tweaked to favor capital or labor to a greater degree. But you can understand those qualifications while still appreciating the wealth-generating capabilities of the system as a whole.” – snip
https://theweek.com/articles/925458/coronavirus-crisis-capitalism
Wellie I’m off to my sweet Qld’er in Red Hill site to play with my new Graco and DeVilbiss gear … fixing up all the mess of the previous mob before they got the sack [just wow] and now just dealing with old legacy issues. At least I can walk away everyday with a feeling of accomplishment that will always be there.
Bank of England in the vanguard showing the way…….going to provide the hoped for retail accounts at central banks, but the catch is you have to accept digital currency to get them. This might be the way they bring in cashless.
https://twitter.com/scientificecon/status/1283056164054466567
“It’s frightening to watch the people of an educated rich nation just sit by and watch their president take away everything that they have including their own personal health.
Now I understand what happened in Germany during the 1930’s”
https://twitter.com/peterfraserbris/status/1283892991904505857?s=19
At first I thought, I dunno Pete – long now. But maybe it isn’t…
How do you get to a point in the most technologically advanced nation on Earth where the politics becomes so narrow and toxic one side decides its anti-science and anti-technology just to get elected?
and they lie ,and they lie, and they lie some more.
https://www.commondreams.org/news/2020/07/16/riddled-lies-analysis-finds-fox-news-covid-19-coverage-featured-misinformation-253?cd-origin=rss&utm_term=AO&utm_campaign=Daily%20Newsletter&utm_content=email&utm_source=Daily%20Newsletter&utm_medium=Email
Fake News is the enemy of the people ®
https://carnegieendowment.org/2020/07/09/how-coronavirus-pandemic-shattered-europe-s-illusions-of-china-pub-82265