Sunday Supplement: 11 October 2020

‘Midday, the Wimmera’ 1949, Arthur Boyd, Art Gallery of NSW

Macro & Markets

• HSBC calls start of a ‘great rebalancing’ as the global economy enters a flatter stage of the recovery – CNBC
• Scene is set for a ‘generational opportunity’ in equities, strategist says – CNBC
• ‘Treasuries on steroids’: U.S. banks’ mortgage bond trading bonanza – Reuters
• Winter Is Coming for the World’s Airlines – Bloomberg
• Which nations will emerge the strongest from COVID-19? – Nikkei Asian Review, Sharma
• The Coming Equity Shortage – Project-Syndicate
• The Public’s Business – Project-Syndicate

Americas

• Millennials own less than 5% of all U.S. wealth – CNBC
• Trump steel tariffs bring job losses to swing state Michigan – Reuters
• Fearing Biden tax hikes, wealthy Americans rush to change estate plans – Reuters
• Canada’s struggling hospitality businesses face ‘perfect storm’ as insurers flee – Reuters
• Weed stocks surge as Kamala Harris vows to decriminalize pot in debate – Reuters
• Second US presidential debate between Trump and Biden officially cancelled – SCMP
• No Stimulus Means Economy’s Fate Hangs on Next Few Months – Bloomberg
• US lawmakers call for shakeup of big tech ‘monopoly power’ in antitrust report – DW
• Why America’s economic war on China is failing – Asia Times
• Face mask mandates slowed the spread of COVID-19 in Canada – VoxEU
• An election result that won’t be accepted – Le Monde
• Second wave of layoffs looms as COVID cases climb, straining hard-hit industries – Financial Post
• Path to recovery littered with debt risks, Bank of Canada governor warns – Financial Post

Asia

• China’s SOE reforms must encourage competition and provide subsidy transparency, state economist says – SCMP
• China readies new law to ban companies on national security grounds – Nikkei Asian Review
• Japan Inc. caught in dilemma in US decoupling campaign – Nikkei Asian Review
• China’s population crisis: Beijing must address its falling births and ageing workforce – SCMP
• China ‘golden week’ holiday spending rebounds from coronavirus with daily spending up 4.9 per cent on year – SCMP
• Why Indian farmers are angry over agricultural reforms – DW
• What Indonesia’s labor reforms mean for workers’ rights, the environment – DW
• India’s central bank predicts economy to shrink 9.5% – Nikkei Asian Review
• China’s services sector remained strong in September due to continued recovery in domestic supply, demand – SCMP
• A Crisis Warning Is in Danger of Being Forgotten – Bloomberg
• Kyrgyzstan’s political crisis, explained – Vox
• Uzbekistan one of only two countries in Europe and Central Asia to put in positive economic growth this year says World Bank – BNE Intellinews
• Armenia and Azerbaijan agree temporary ceasefire – BNE Intellinews
• Taiwan Is the Next Front in the U.S.-China Standoff – The Atlantic

Europe

• Britain’s BBC Is Swimming in Poisonous Cultural Waters – Bloomberg
• Coronavirus: Berlin’s first curfew in 70 years kicks in – DW
• The euro prepares for a digital makeover – DW
• What should Europe expect from American trade policy after the election? – Bruegel
• Eastern Germany’s New Growth Engine – Bruegel
• Russia’s watchful eye on Minsk – Le Monde
• The Core of the ECB’s New Strategy – Project-Syndicate
• Europe’s Economic Recovery Is a Summer Memory – NY Times

Terra Specufestorus

• Budget unanimity – a spending feast of least resistance, devoid of ideas and vision – and little ingenuity – Michael West
• Anthony Albanese defends childcare plan, says subsidies for wealthy families are not welfare – Ninefax
• Population slowdown hurts economy but minister predicts budget baby boom – Ninefax
• RBA warns banks over culture as staff contact customers over loan deferrals – Ninefax
• Frydenberg has changed his tune in a very Liberal way – Ninefax
• Coles stores reopen after nationwide technical failure shuts down registers – ABC
• Budget 2020 takes Australia towards a trillion-dollar debt, but most experts say it isn’t a problem. Here’s why – ABC
• Budget 2020 disappoints many experts and builders with its lack of big infrastructure projects – ABC
• ‘To those who have, more will be given’: Largesse to private schools continues – Michael West
• Budget blues: ‘derisory’ support for women but welfare for business – Michael West
• No strings attached: aged care providers have the Coalition wrapped around their little fingers – Michael West
• Morrison governing from the rear – Pearls and Irritations
• Lobby Land: the Pharmacy Guild’s powerful influence over health policy – Pearls and Irritations
• The government sees itself as an agent of the private sector. – Pearls and Irritations
• LobbyLand: Democracy on life support as the revolving door keeps swinging – Pearls and Irritations
• LobbyLand: Unhealthy Business? Health sector lobbyists – Pearls and Irritations
• Chinese homebuyers shun Australian market as coronavirus, political tensions take toll – SCMP

…and furthermore…

• Central banks are weighing their own digital currencies – this is what they could look like – CNBC
• China not among major central banks in talks on global digital currency principles – SCMP
• How narcissistic bosses infect their organizations – Asia Times
• World’s billionaires get even richer during the coronavirus pandemic – DW
• Can steel production be made greener? – DW
• Scientists Are Struggling With the Feeling of Being Against a Rushed Vaccine – Slate
• The Doctor Evaluating Trump on Fox Once Wrote About the “Long History” of Presidents Hiding Health Issues – Slate
• Global connectedness and market power make firms more resilient to domestic COVID-19 shocks – VoxEU
• The education gender gap: From basic literacy to college major – VoxEU
• Fifty shades of QE: Central bankers versus academics – VoxEU
• The indirect fiscal benefits of low-skilled immigration – VoxEU
• Robots replace routine tasks performed by workers – VoxEU
• Patterns in invoicing currency in global trade – VoxEU
• The rise of the traditionalists: how a mystical doctrine is reshaping the right – New Statesman
• Microsoft makes remote work option permanent – BBC