Global Macro / Markets / Investing:
- The stock market is poised for a 40% drop, warns economist who says the current climate feels a lot like 1929 – Market Watch
- Employees around the world want a hybrid model of office work – Finances Herald
- Consensus grows about the Fed’s impact on equities – Axios
- Will the supply and demand for safe assets get balanced? – Economo
- Don’t fight the Fed, but don’t rely on it – Economo
Americas:
- Renters Threaten US Real Estate Market, 20 Million Americans Face Eviction – Bitcoin News
- States in fiscal crisis and cuts to basic services loom as coronavirus ravages local economies – CNBC
- Trump’s Small Biz Rescue Bailed Out Kushner’s Family, Obama’s Aides and Other Political Elite – Daily Beast
- 156 top economists call for recurring stimulus checks until the economy recovers from the coronavirus pandemic – Business Insider
- Employment data suggest a difficult recovery in the US labor market – Economo
- US online grocery sales hit record $7.2B in June – Tech Crunch
- Goldman Sachs thinks the US recovery is running into trouble – CNN
- Unemployment Expected to Reach Highest Level Since Great Depression – WSJ
Europe:
- The EU economy will shrink by 8.3% this year – Economic Daily
- German industrial production rose sharply in May – Economic Daily
- Eurozone economy continues to recover – Economic Daily
- EU cuts economic forecasts for the region, now projecting a 8.3% slump this year – CNBC
- Austria accused Italy of financial failure even before the coronavirus crisis – Economo
- Russia leads emerging market stock rally to hit four-month high – RT
- The ECB expects two years of deflation and economic transformation due to the crisis – Economo
Asia:
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- Singapore fights post Covid-19 crisis with eyes on Hong Kong’s finance centre status – South East Asia Globe
- China’s $3 TRILLION foreign exchange reserves continue to grow – RT
- China trying to force Chinese nationals living in US to return home: FBI chief – The Guardian
- China’s biggest gold fraud, 4% of its reserves may be fake: Report – Economic Times
- China converts Hong Kong hotel into new national security office – Reuters
- India’s app ban raises the stakes for China’s global tech ambitions amid rising geopolitical tensions – SCMP
- China launches political policing task force: State media – Aljazeera
Trans-Tasman:
- Major coronavirus breach at Sydney Airport as entire flight from Melbourne not screened – ABC
- Coronavirus spread in high-density towers comes from proximity, shared spaces and even ventilation, researchers say – ABC
- Federal Government to consider tearing up extradition ties with Hong Kong amid Chinese crackdown – ABC
- Those who lived through the ’90s recession say there is no quick way out – ABC
- ABC managing director rejects Scott Morrison’s claim broadcaster’s funding ‘increasing every year’ – The Guardian
- Treasurer signals ‘income support’ to avoid September cliff – The Age
- Expert fears repeat of hotel quarantine infection cluster at Melbourne towers – The Guardian
- Victorians, and anyone else at risk, should now be wearing face masks. Here’s how to make one – The Conversation
- Australian banks say they will extend Covid-19 moratorium for some borrowers – The Guardian
- How Melbourne ended up under a second Covid-19 lockdown – The Guardian
- Government halts planned increase of migrant seasonal worker numbers next year – Interest.co.nz
