Links 18 August 2020

Global Macro / Markets / Investment:

• Angela Merkel: The pandemic and global warming will lead to new humanitarian crises – Economo
• Traders Brace for Haywire Markets Around Presidential Election – WSJ

Americas:

• US Defense Secretary Mark Esper Eyes $2.2B Cut to Military Health Care – Politico
• Congress exits with no deal, leaving economists flabbergasted – The Hill
• US industrial production rose more than expected in July – Economo
• The Fed is trapped in corporate indebtedness – Finances Herald
• US retail sales are growing slower than expected – Economic Daily
• The Post Office’s Great Mail Slowdown Is Hurting Small Businesses – Vice
• The next stimulus should be spent on job training and rebuilding a better American economy – CNBC

Europe:

• Germany expects a strong economic expansion in the third quarter – Finances Herald
• The Eurozone expanded its trade surplus in June – Economo
• The EU reports the sharpest quarterly decline in GDP since the beginning of statistics – Economic Daily
• The European Union’s China Problem – Medium
• Italian Banks Advocate the Development of Digital Euro – Medium
• EU Launches Antitrust Investigation Against Apple – Medium
• Europe Must Stand Up to China Before It’s Too Late – Foreign Policy

Asia:

• Chinese President Xi Jinping says Marxist political economy is the bedrock for nation’s growth – SCMP
• Hong Kong lowered its economic forecast to new record lows – Finances Herald
• First into the coronavirus slump, China is proving the fastest out – Live Mint
• China still masters the economic recovery – Economic Daily
• Arrest of Hong Kong’s “Goddess of Democracy” May Complicate Japan-China Ties – Japan Times
• Thousands Rally Against South Korea’s Moon Jae-in Despite Coronavirus Warning – Japan Times

Trans-Tasman:

• Prime Minister accused of using company as a prop – The SMH
• Australians ditch credit cards as millennials turn to “buy now, pay later” – ABC
• Covert war crimes inquiry compromised by former AFP chief Mick Keelty – The SMH
• Doctors warned Victoria’s health department about hotel infection control dangers before coronavirus spread – ABC
• Politics doesn’t wait: Could Anthony Albanese be missing his chance? – The SMH
• It sounds like a rerun of an old horror movie, but Telstra could be a big part of the NBN’s future – ABC
• Victoria’s hotel quarantine inquiry to examine genomic testing in hunt for ‘patient zero’ – The Guardian
• ‘Very serious concerns’: Crossbench threat to government’s uni fee overhaul – The SMH
• Banks outline new mortgage deferral scheme – Interest.co.nz
• ‘The costs of lockdowns are just too high’ – Interest.co.nz
• 40% revenue drop required for businesses to qualify for newest wage subsidy – Interest.co.nz
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