Global Macro / Markets / Investing:
- Why Capitalism is in Constant Conflict With Democracy – CounterPunch
- With bankruptcies and unemployment trending upwards, can crypto and alternative assets provide a safe-haven? – Zero Hedge
- Gold tumbles nearly 4%, set for sharpest daily slide in 5 months as yields pop – Market Watch
- Uber and Lyft’s ‘day of reckoning’ is finally here – Market Watch
- Gold’s evolution into a ‘must-have’ asset is storing up trouble – FT
- Gold at 3400 dollars an ounce: it is not madness, but what could happen soon – Finance Drops
Americas:
- Federal Deficit Leaps From Under 5% of GDP last year to 15% Now – Angry Bear
- Coronavirus pandemic creates America’s first female recession amid child care, unemployment woes – USA Today
- U.S. farmers leave fields fallow as COVID-19 wrecks crop prospects – Reuters
- Retail Chains Abandon Manhattan: ‘It’s Unsustainable’ – NY Times
- US budget deficit climbs to record $2.81 trillion – AP News
- After trillions in tax cuts for the rich, Republicans refuse to help struggling Americans – The Hill
- US bankruptcies are on track to hit a 10-year high as the coronavirus pandemic continues to slam businesses – Business Insider
Europe:
- UK officially in recession for first time in 11 years – BBC
- UK enters recession after GDP plunged by a record 20.4% in the second quarter – CNBC
- UK recession is worst of any major economy – CNN
- Expectations for the German economy are improving significantly – Economo
- German companies want the federal government to become a shareholder in them – Finances Herald
Asia:
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- India raids Chinese entities for money laundering – Reuters
- Deadly India Clashes Over Post on Prophet Muhammad – BBC
- The Hong Kong Paper That Pushed the Boundary – BBC
- China’s Days as World’s Factory Are Over, IPhone Maker Says – Yahoo
- Xi Jinping is overreaching as journalists are arrested in Hong Kong – Reaction Life
- China’s Xi Speeds Up Inward Economic Shift – WSJ
Trans-Tasman:
- Was two-thirds of the debt in the budget borrowed before the start of the pandemic? – ABC
- No HELP: Uni students who fail half their subjects to lose taxpayer support – The SMH
- TAFEs deliver $92.5 billion boost to the economy every year, report finds – New Daily
- ‘No purpose’ to Coalition’s climate policy after big polluters increase emissions by 1.6m tonnes – The Guardian
- Royal Commission into Aged Care reminds Health Department Secretary Brendan Murphy it sets the rules – The Conversation
- Hundreds of thousands of Australians will have their income slashed this month – ABC
- Michael Pascoe: HomeBuilder not enough to ease three-year construction slide – New Daily
- Australian politicians don’t need a binding code of conduct, Liberal and Labor MPs say – The Guardian
- Australia’s Covid commission downplays ‘green recovery’ and confirms gas push – The Guardian
- Roaring out of the COVID recession – Interest.co.nz
- The idea that thousands of returning NZers will boost demand for housing may be nonsense – Interest.co.nz
- RBNZ ‘actively’ prepping for negative OCR/term lending policy duo – Interest.co.nz
- RBNZ agrees to extend mortgage repayment deferrals – Interest.co.nz