Links

75

Links 1 May 2020

Global Macro / Markets / Investing: COVID-19 lockdown could lead to 7 million unexpected pregnancies– UN warns – Mazech Media The billionaire class has added $308 billion to its wealth during the COVID-19 pandemic – The Guardian Asean stocks climb on Covid-19 treatment progress, higher oil prices – The Star Coronavirus: 1.6 billion workers worldwide

39

Links 30 April 2020

Global Macro / Markets / Investing: Oil prices claw back losses as storage fills less rapidly than feared – Economic Times Why We’re Almost Certainly Undercounting the Coronavirus Dead – Vice Boeing’s multi-billion-dollar venture collapses – RT We Don’t Know If the COVID-19 Shock Will Be Inflationary or Deflationary – Mises The coming Greater Depression

54

Links 29 April 2020

Global Macro / Markets / Investing: Global defense spending reached its highest level in 30 years – Economo Oil prices plunge and stock markets revives – NY Times There’s no end in sight to coronavirus stimulus spending – Axios S&P 500 companies spent $7 trillion on buybacks and dividends and “been rewarded’ by coronavirus bailouts,

95

Links 28 April 2020

Global Macro / Markets / Investing: S&P 500 companies spent $7 trillion on buybacks and dividends and “been rewarded’ by coronavirus bailouts, says Social Capital CEO – MarketWatch How the Government caused the financial crisis. – Medium Stock futures rise with coronavirus small business funding and 3M, Apple and Amazon earnings in focus – Best

67

Links 27 April 2020

Global Macro / Markets / Investing: The Coronavirus Oil Shock Is Just Getting Started – Foreign Policy A flood of corporate debt could make the economic recovery more difficult – CNN Global Economy Hit by Record Collapse of Business Activity – WSJ Nobel Prize-winning economist James Heckman says current research in the field of inequality

433

Sunday Supplement: 26 April 2020

Embarkation, 1994, Fred Cress, Art Gallery of NSW   Macro & Markets WHO row between US, China sees G20 leaders summit called off at last minute, source says – SCMP Coronavirus: China rejects call for probe into origins of disease – BBC Is Persian Gulf heading toward a new confrontation? – DW How coronavirus exposed

625

Weekend Reading 25-26 April 2020

Global Macro / Markets / Investing: The Negative Oil Price Apocalypse! – YouTube El-Erian Says Fed Buying Stocks Will Lead to ‘Zombie’ Market – Bloomberg Peter Schiff: The Dollar’s Days Are Numbered – Gold Newsletter Is this the end of Airbnb? Or the lead-up to a smaller but better Airbnb? – Wired Americas: Top economist:

55

Links 24 April 2020

Global Macro / Markets / Investing: The World Order Is Broken – The Coronavirus Proves It. – New Republic The value of lives saved by social distancing outweighs the costs: Social distancing means a net benefit of $5.2 trillion, according to the analysis. – Ars Technica Pandemic proves there is only one world reserve currency

46

Links 23 April 2020

Global Macro / Markets / Investing: Crumbling economies must tackle tax evasion to meet coronavirus crisis, experts warn – ICIJ ‘I’m Just Living a Nightmare’: Oil Industry Braces for Devastation – NY Times The Failures of Neoliberalism Are Bigger Than Politics – rooseveltinstitute.org Coronavirus stimulus will be wasted on fossil fuels: Oil and gas companies

40

Links 22 April 2020

Global Macro / Markets / Investing: U.S. crude oil futures crashes, ends negative at -$37.63 for the first time in history – Reuters US oil prices on pace for their worst day ever as storage runs out – CNBC This oil price crash isn’t as bad as it seems — here’s why – CNBC Why

48

Links 21 April 2020

Global Macro / Markets / Investing: Macroeconomic Implications of COVID-19: Can Negative Supply Shocks Cause Demand Shortages? – Papers SSRN A Brief History of Free Trade and Protectionism – The Economic Historian How Free Enterprise Became ‘Common Sense’ – The Economic Historian Economic History and the New History of Capitalism: A Case for Dialogue –

55

Links 20 April 2020

Global Macro / Markets / Investing: The economic crisis will expose a decade’s worth of corporate fraud – The Economist The Stock Market Is Ignoring The Economy – Stock Market News To make money, study maths or economics at a top university – The Economist The next employment challenge from coronavirus: how to help the

526

Sunday Supplement: 19 April 2020

‘Evening, St Kilda Road’, Circa 1930, Clarice Beckett, Art Gallery of NSW   Macro & Markets The Road to Reopening the Economy Is Still Long – Bloomberg The WHO’s coronavirus response shows that the organisation is broken, but fixing it must wait – SCMP Asian LNG prices sink again as coronavirus disrupts demand – Reuters

689

Weekend Reading: 18-19 April 2020

Global Macro / Markets / Investing: It’s the End of the World Economy as We Know It: Experts suggest there will be “a rethink of how much any country wants to be reliant on any other country.” – NY Times ‘Criminally unjust:’ ‘Big Short’ investor who called subprime mortgage collapse slams coronavirus lockdowns – Fortune

62

Links 17 April 2020

Global Macro / Markets / Investing: Wall Street feasts on death: The euphoria in the stock market is being driven by the trillions of dollars of free and unsupervised money that is being provided by the Federal Reserve – WSWS Cancel debts to let world tackle the virus – Defend Democracy Prepare for second wave

84

Links 16 April 2020

Global Macro / Markets / Investing: Hedge Fund Managers Are Claiming Bailouts as Small Businesses – Bloomberg IMF says the world will ‘very likely’ experience worst recession since the 1930s – CNBC Climate change: The rich are to blame, international study finds – BBC We halted the global economy, and emissions still may only fall

60

Links 15 April 2020

Global Macro / Markets / Investing: The Post-Coronavirus Unemployment Crisis Could Last for Years, Economists Say – Time For millions, lockdown is not novels and quality family time but food parcels and hardship – The Guardian Many economists defend disaster profiteers. They are wrong – Economist We halted the global economy, and emissions still may

40

Links 14 April 2020

Global Macro / Markets / Investing: OPEC and allies finalize record oil production cut after days of discussion – CNBC No, the Fed’s Latest QE Round Won’t Lead to Inflation – Barrons Why coronavirus could devastate charities even more than the Great Recession did – Market Watch World Bank Forecasts Worst Economic Slump In 40

270

Easter Monday Links: 13 April 2020

Global Macro / Markets / Investing: The next financial crisis: A collapse of the mortgage system – Politico The Great Depression didn’t have to happen. Neither does a covid-19 depression. – Washington Post Stop covid or save the economy? We can do both – Tech Review Innovative Economic Growth: Seven Stages of Understanding – Cato

408

Easter Sunday Supplement: 12 April 2020

‘Still glides the stream, and shall for ever glide’, 1890, Arthur Streeton, Art Gallery of NSW   Macro & Markets The perils of more debt – Bruegel Shockwave: Adam Tooze on the pandemic’s consequences for the world economy – London Review of Books Monetisation: Do not panic – VoxEU, Blanchard, Pisani-Ferry OPEC’s Plan To Take Over

565

Easter Saturday Supplement: 11 April 2020

The Great Rock: Dusk, 1977 Lloyd Rees, Art Gallery of NSW   Macro & Markets How the Pandemic Wiped Out Oil Demand Around the World – Bloomberg Saudi-Russia Oil Deal Under Threat as Mexico Walks Out of OPEC+ Talks – Bloomberg Coronavirus: Worst economic crisis since 1930s depression, IMF says – BBC It’s Getting a

682

Easter Long Weekend Links: 10-13 April 2020

Global Macro / Markets / Investing: How COVID-19 Has Impacted Media Consumption, by Generation – Visual Capitalist COVID-19 and the Failures of Capitalism – Canadian Dimension Coronavirus putting world on track for new Great Depression, says WTO – The Guardian The Coronavirus pandemic’s damage to the global economy could last decades – NY Times Banking

48

Links 9 April 2020

Global Macro / Markets / Investing: Share buybacks have been the “only net source of money entering the stock market” since 2008 – WSWS Coronavirus Market Devastation Reveals Hedge Fund Strategy Successes and Failures – BeInCrypto Yellen says the Fed doesn’t need to buy equities now, but Congress should reconsider allowing it – CNBC Why

28

Links 8 April 2020

Global Macro / Markets / Investing: Boeing Extends Production Shutdown Indefinitely – Stock Market News We’re getting a ‘bad recession’ plus ‘financial stress’ like the 2008 crisis – CNBC The dollar is still king, even as coronavirus slams US – Breitbart This Coronavirus Insurance Bill Could Crash the U.S. Stock Market – CCN Americas: ‘Smash-and-Grab

58

Links 7 April 2020

Global Macro / Markets / Investing: Virus lays bare the frailty of the social contract. Radical reforms – such as basic income and wealth taxes – are required to forge a society that will work for all. – FT World at risk of second Great Depression, says Chinese central bank – SCMP The Effects of

37

Links 6 April 2020

Global Macro / Markets / Investing: IMF: The Current Crisis “Way Worse than the Global Financial Crisis of 2008” – 7Bitcoins Here Is a List of Companies That Have Suspended Dividends or Stopped Stock Buybacks in April – Barrons Dan Niles: “It is very easy to figure out the market probably goes down 30% before

615

Sunday Supplement: 5 April 2020

Otway Night, 1994, Jan Senbergs, Art Gallery of NSW   Markets & Macro The Coronavirus Is the World’s Only Superpower – New Yorker This recession will finally end the private-sector ‘debt supercycle,’ says firm that invented the term – MarketWatch Beyond the Global Coronavirus Crisis: Austerity of Recovery? – Pearls and Irritations Will inflation make

741

Weekend Reading: 4-5 April 2020

Global Macro / Markets / Investing: Russia, Saudis Deny Trump “Expectation” Of 10 Million bpd Oil Production Cut – Zero Hedge Fed Panics As Foreigners Dump A Record $109 Billion In US Treasuries – Zero Hedge World stocks drift as wary investors expect grim U.S. jobs data – Reuters Economic fallout mounts, worldwide cases top

95

Links 3 April 2020

Global Macro / Markets / Investing: Over $100 Billion of Treasuries Dumped by Foreign Central Banks – Yahoo Stronger pandemic response yields better economic recovery – MIT The world could soon run out of space to store oil. That may plunge prices below zero – CNN Ben Bernanke on COVID-19 downturn: “With help from the

132

Links 2 April 2020

Global Macro / Markets / Investing: Jeffrey Gundlach says the coronavirus sell-off will worsen again in April, taking out the March low – CNBC Asia markets, Dow futures fall after the index finishes its worst month since October 2008 – CNN Financial Bazookas Revealed – Market Strategists Believe the Fed Will Purchase Stocks Soon –