Global Macro / Markets / Investing:
- On the Minimum Wage – Medium
- The future of fiscal policy without traditional constraints – FT
- U.S. Dollar: There’s Possibility Of A Crash – Seeking Alpha
- The 4th industrial revolution, the Great Reset and Covid-19 – Medium
- Rashida Tlaib and AOC have a proposal for a fairer, greener financial system — public banking – VOX
- Dow closes more than 150 points lower as Wall Street posts its worst one-week sell-off since March – CNBC
Americas:
- Will America tear itself apart? The Supreme Court, 2020 elections and a looming constitutional crisis – FT
- Without stimulus, 12 million Americans will owe more than $5000 in missed rent by December: analysis – Salon
- McConnell says Congress will take up economic stimulus package at start of 2021 – The Hill
- The Pandemic Is Costing Americans More Money Than Official Numbers Suggest – Time
- A Wall Street tax that could lift many out of poverty already exists — it’s just not being collected – Salon
- The boom in US GDP does not match what’s happening to Americans’ wallets – QZ
Europe:
- A German mandate allocating a third of corporate board seats to workers led to increases in capital investment. It had no impact on the profitability of the firms nor on the wages and employment by the firms. – Academic Journal
- UK economy feels the effects as Covid second wave hits critical stage – The Guardian
- Eurozone 3Q GDP Will Largely Exceed Expectations – Christophe Barraud
- Erdogan is a dangerous element for the free world – The Guardian
- Killer of beheaded French teacher was in ‘contact’ with jihadist in Syria – SCMP
- Six in custody over Nice church attack in France – Reuters
Asia:
- Shanghai surpasses Tokyo to take the #3 spot in the Global Financial Centre Index – Long Finance
- China removes domes and other decorative elements from mosques – Daily Mail
- China’s most-controlled region is facing the country’s biggest coronavirus outbreak in months – CNN
- Jimmy Lai distances himself from report on Hunter Biden’s alleged China links – The Guardian
- Japan eases travel curbs with China and 8 other locations – Nikkei
- Huawei develops plan for chip plant to help beat US sanctions – FT
Trans-Tasman:
- Australia will lose more than $3 trillion and 880,000 jobs over 50 years if climate change is not addressed, Deloitte says – ABC
- Victoria reports no new coronavirus cases and no deaths for third straight day – ABC
- Opposition Leader Deb Frecklington stands down as Queensland’s LNP leader – ABC
- Labor warns unemployment ‘tsunami’ coming for Australia’s male-dominated industries – The Guardian
- Fact check: has the Coalition delivered on its spending promises? – The Guardian
- No longer the ‘accidental Premier’: Annastacia Palaszczuk will lead Queenslanders for a third term – ABC
- Draft law brings national corruption watchdog a step closer – The SMH
- Australia Post chief executive Christine Holgate resigns – ABC
- New property listings hit 12 year high in Auckland – Interest.co.nz
- The return of FOMO to the housing market – Interest.co.nz
-
What a bummer: New Zealand votes ‘no’ to legalised cannabis – Interest.co.nz
- Huge surge in new dwelling consents in Auckland – Interest.co.nz
Leith van Onselen is Chief Economist at the MB Fund and MB Super. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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