Global Macro / Markets / Investing:
- Jeff Bezos is the first person in modern history to be worth more than $200 billion – Crypto Price
- Stock market record highs despite bad economy actually makes sense – Business Insider
- Why does low unemployment no longer lift inflation? – Economist
- These superrich investors just raised cash to record levels to hedge against ‘the greatest period of unknown’ – RPLG
- The market is tuning out coronavirus, so stocks will head higher until there’s another reason to stop, one analyst says – RPLG
- Economies are too weak to return inflation – Economo
Americas:
- As permanent economic damage piles up, the Covid Crisis is looking more like the Great Recession – Washington Post
- The Fed: Powell in Jackson Hole speech will put out Fed’s welcome mat for hot labor markets and inflation overshoots – RPLG
- US consumer confidence falls to its lowest level in six years – CNN
- US durable goods orders are up for the third month in a row – Economo
- Fed’s Esther George sees risks building of double-dip recession – CNBC
- Millions of U.S. Jobs to Be Lost for Years, IRS Projections Show – Bloomberg
- Direct cash benefits in the United States should become automatic – Economo
- ‘Coming here is a necessity’: demand for food aid soars in US amid job losses – The Guardian
Europe:
- Erdogan warns Greece that Turkey will ‘never compromise’ on Mediterranean energy reserves – France 24
- U.K. abandoned herd immunity, while Sweden embraced it — how possible is it to achieve herd immunity without a vaccine? – RPLG
- Europe puts jobs ahead of economic restructuring – Economo
- The ECB has time to wait for “objective” data – Economo
- Phil Hogan to resign as EU Trade Commissioner over breaches of COVID 19 regulations – Irish Times
- Poland does not allow German ambassador to enter – Spiegel
Asia:
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- China’s foreign minister tells EU not to get caught in ‘new Cold War’ – SCMP
- China warns of ‘shadow’ over ties with Australia, tells it to stop whining – Reuters
- Vietnam condemns new Chinese military drills in South China Sea – Channel News Asia
- Is India-Vietnam military alliance about to clash with China-Pakistan? – SCMP
- Taiwan releases video of troops ‘fending off attack from Chinese mainland’ – SCMP
- China could weaponise drug exports to retaliate against US chip restrictions, Beijing adviser says – SCMP
- Taiwan hits Alibaba in crackdown on ‘hidden’ Chinese investment – Nikkei
Trans-Tasman:
- New Zealand stock exchange halted by cyber-attack – BBC
- ABC has for too long been unwilling to push back against interference – at its journalists’ expense – The Conversation
- Millionaire group faces two criminal investigations over yacht voyage – The SMH
- ‘Enormous opportunity’: how Australia could become the Saudi Arabia of renewable energy – MSN
- No increase to Victorian suicide rate during Covid-19 pandemic – The Age
- The Victorian Liberals are in turmoil, but branch stacking is only part of the story – ABC
- After four years of waiting for the NBN, music producer George is moving somewhere he’ll be connected – ABC
- Coalition shields firebrand MP Craig Kelly from censure for spreading Covid misinformation – The Guardian
- Victoria Police wanted private security guards used in coronavirus hotel quarantine program, witness tells inquiry – ABC
- Adani launches civil damages claim against protester – Brisbane Times
- Trouble at the mall as landlords and tenants ponder mutually assured destruction – The Conversation
- How National wants to tweak the tax system to help businesses – Interest.co.nz
- Tumbling interest rates keeping mortgage payments affordable for first home buyers – Interest.co.nz
- LVRs – bring them back – Interest.co.nz