Links 25 August 2020

Global Macro / Markets / Investing:

• Social Influencers Feed the Robinhood Hunger for Investing 101 – Bloomberg
• Dive more into debt’s role in the deflation cycle. – Medium
• Investors worried about US stocks are betting on Europe – Economic Daily

Americas:

• ‘Not just a low-wage recession’: White-collar workers feel coronavirus squeeze – Politico
• Wages Soar More Than 25% in Key Region of Battleground State – Bloomberg
• The crisis is an opportunity to improve the American labor market – Finances Herald
• People Aren’t Buying the ‘Great American Recovery’ Narrative – Coin Desk
• Canada’s economic growth seen outpacing U.S. as virus containment pays off – Reuters

Europe:

• Brexit: Brussels makes discussions “unnecessarily difficult”, according to the United Kingdom – Business Devilhunter
• Europe is ahead of the United States in the value of commercial real estate transactions – Economo
• Italian wine exports have fallen to their lowest level in 30 years – Economo
• UK retail sales regained its pre-pandemic levels – Economo
• Belarus President Alexander Lukashenko seen on video carrying rifle, wearing bulletproof vest as more than 200,000 protest in capital – Chicago Tribune
• UK government health advisers say missing school is greater risk to kids than COVID – Reuters
• Merkel and Macron vow to ‘preserve’ EU sovereignty in eastern Mediterranean – Euractiv

Asia:

• What Japan’s 1980s boom and bust can tell us about the Chinese economy – CNBC
• China’s wish to end US dollar dominance is unlikely to come true with no genuine challenger in the wings – SCMP
• China’s Online Retail Market Expected To Hit $1.8 Trillion in 2022 – Crypto Price
• Singapore moves to relax travel restrictions as COVID-19 curve flattens – ABC
• Democratic Party platform drops ‘One China’ language on Taiwan – Washington Times
• Is the Aggressive Chinese Foreign Policy an Option or Inevitability? – Foreign Policy

Trans-Tasman:

• The Wile E. Coyote economy: Australia too has sped off the precipice – The Age
• Japan is closing its old, dirty power plants – and that’s bad news for Australia’s coal exports – The Conversation
• Victorian Liberals director demands answers after Channel Nine airs branch-stacking claims – ABC
• PM must sack Michael Sukkar over Liberal party branch-stacking allegations, Labor says – The Guardian
• ‘Gutted, destroyed, betrayed’: icare whistleblower victimised after speaking up – The SMH
• Victoria’s state of emergency could be extended by 12 months, as state records 116 cases – ABC
• There is a vaccine for the neoliberal disease – Canberra Times
• Rio Tinto slashes bonuses over 46,000-year-old cave blast disaster – The Age
• Morrison’s mates team up for new advisory firm. But don’t call it a lobby group – Crikey
• Former prime minister John Howard in hospital – News.com.au
• Auckland to remain at L3 until Sunday; Mask wearing on public transport to be mandatory at L2 – Interest.co.nz
• 9 new Covid-19 cases; all 8 in the community linked; 2 old cases remain unlinked – Interest.co.nz
• More debate called for on RBNZ quantitative easing program – Interest.co.nz
• Strong rise in new home completions in Auckland – Interest.co.nz
• Record retail sales fall – Interest.co.nz