Links 27 August 2020

Global Macro / Markets / Investing:

• Bonds, stocks and indices paired with crypto – the future of exchanges? – Medium
• The Fed is buying garbage corporate debt and ‘blowing a bubble’ in stocks that usually ‘ends in tears for investors.’ – Business Insider
• UN: Global tourism loses $320bn amid coronavirus pandemic – Aljazeera
• Federal Reserve’s $3 trillion virus rescue inflates market bubbles – Reuters
• Mark Hulbert: Exxon getting booted from the Dow Jones Industrial Average may be a blessing in disguise for its investors – RPLG
• Market timing when ‘clocks have no hands’ — Warren Buffett’s warning is as relevant now as it was in 2000 – Market Watch

Americas:

• Economists are already seeing the double recession in the US on the horizon – Finances Herald
• How Donald Trump became the ‘Showgirls’ of presidents – RPLG
• Retire Better: Trump’s election year gamble: Messing with Social Security and Medicare – RPLG
• Pandemic Recession Is Approaching a Dire Turning Point – The Atlantic
• ‘We’re trapped’: Californians now face the dual nightmare of wildfires and a pandemic – CNBC

Europe:

• Germany extends partial unemployment benefits until March 2022 – Economo
• Finland’s PM calls for shortening working hours – Reuters
• Cyprus Papers: secret migration of China’s rich, led by Asia’s richest woman, revealed in leaked documents – SCMP
• Greece says Turkey is unreliable for dialogue ahead of German FM visit – Euractiv
• Finland universal basic income seems to improve employment and well-being – New Scientist
• Two people in Europe reinfected with coronavirus months after 1st illness – Global News
• How rich Russians turned Cyprus into ‘Moscow on the Med’ – Aljazeera

Asia:

• Foxconn, other Asian firms consider Mexico factories as China risks grow – Reuters
• The US and China have reaffirmed their commitment to the trade deal – Economo
• China’s wish to end US dollar dominance is unlikely to come true with no genuine challenger in the wings – SCMP
• ASEAN Youth Facing Unemployment – ASEAN Post
• Hong Kong Reports First Coronavirus Reinfection – Japan Times
• Uighur group calls for China to lose 2022 Games over ‘genocide’ – France24
• Biden campaign says China’s treatment of Uighur Muslims is “genocide” – Axios

Trans-Tasman:

• Australia’s universities: bosses reel in $1m-plus salaries, $1bn profit on back of staff underpayment – Michael West
• On JobSeeker? Despite what you may have heard, Work for the Dole isn’t compulsory – ABC
• Tony Abbott reportedly hired as trade envoy to the United Kingdom – SBS
• Australia’s chief scientist rejects experts’ letter warning him not to back gas – The Guardian
• Textbook used in Victorian schools repeats Chinese government propaganda – The Guardian
• ‘Four Corners’ tells just one part of the story of mental health in Australia – The Monthly
• Woman who hid on truck to sneak into WA gets six months in jail for border quarantine breach – ABC
• How a fake ‘free speech crisis’ could imperil academic freedom – The Conversation
• Hotel lockdown for Melbourne millionaires after exemption revoked – The SMH
• Record mortgage lending for a July – first home buyers borrow record amount – Interest.co.nz
• How would you like your mortgage deferral? Mild discomfort? Or long slow burn? – Interest.co.nz