Links

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MacroBusiness Links – 23 December, 2019

Bushrangers, 1957-1963, Albert Tucker, Art Gallery of NSW   Markets & Macro Pensions and intra-generational equity: A proposed solution – VoxEU Economic causes of populism: Important, marginally important, or important on the margin – VoxEU Lessons from the China-US trade truce – Bruegel The WTO is dead: long live the WTO? – Bruegel Dollar Is

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Weekend Links: December 21-22, 2019

Drought Skeleton, 1953, Sidney Nolan, Art Gallery of NSW   Asia & China Mysterious Bags of Cash Trigger Major Hong Kong Protest Arrests – Bloomberg Did Xi surrender to Trump? China struggles to silence chatter – Nikkei Asian Review China’s hidden debt risks economic ‘chain reaction’ – Nikkei Asian Review China’s tech companies have had

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Links 20 December 2019

  Global Macro / Markets / Investing: Boeing Is So Big That Its 737 Max Production Halt Will Slow The Economy – NPR A Nation’s People Offer the Best Return on Investment | Countries that spend on education, protect the environment and tackle inequality tend to outperform others. – Bloomberg (shocked and stunned – problem

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Links 19 December 2019

Global Macro / Markets / Investing: Strategist says markets have nothing to do with fundamentals anymore – CNBC (quelle shocke!) US Official Gold Reserves Auditor Caught Lying – ZH Dow Jones Gains 10,000th Point Under Trump – Macrotrends Americas: Canadians bought nearly 100 tonnes of pot in first year of legalization: Health Canada (sorry, man)

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Links 18 December 2019

Global Macro / Markets / Investing: A “Market” That Needs $1 Trillion In Panic-Money-Printing To Stave-Off Implosion Is Not A Market – Zero Hedge UN climate summit ends with no deal to regulate global carbon markets – Global News The global Fintech ecosystem in 2019 – Nua Dox U.S. Stock Market Hits New Highs on

6

Links 17 December 2019

Global Macro / Markets / Investing: UN climate summit ends with no deal to regulate global carbon markets – Global News Productivity Does Not Explain Wages – Evonomics – Evonomics Villains or visionaries? Hedge funds short companies they say ‘greenwash’ – Reuters Artificial Intelligence And Blockchain: A Perfect Match – Medium Inequality: Your slice of

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Links 16 December 2019

Global Macro / Markets / Investing: ‘Post-chemical world’ takes shape as agribusiness goes green – Japan Times Blockchain and AI could bring new outstanding results – Medium The New Trade Deal Could Help Boost The Global Economy Next Year – Stock Market News Hundreds Of Billions In Gold And Cash Are Quietly Disappearing – Zero

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Weekend Reading: 14-15 December 2019

Global Macro / Markets / Investing: U.S. coal production employment has fallen 42% since 2011 – Bic Magazine Morgan Stanley gears up for the new decade with job cuts – Euro Money The Rich Are Buying Physical Gold Bullion in Preparation for Recession – Gold Silver Bitcoin Americas: Why some economists are calling 401(k) plans

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Links 13 December 2019

Global Macro / Markets / Investing: Morgan Stanley fined $22 million over alleged bond-market ‘pump and dump’ scheme – Business Insider “It’s About To Get Very Bad” – Repo Market Legend Predicts Market Crash In Days – Zero Hedge Gold Price Increases Ahead of Tariffs Decision on Chinese Imports – Gold Silver Bitcoin BIS Drops

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Links 12 December 2019

Global Macro / Markets / Investing: ‘Everything Is Not Fine’: Nobel Economist Calls on Humanity to End Obsession With GDP – Common Dreams Fed QE4 could happen before year end, Credit Suisse says – CNBC Chevron to Take $11 Billion Writedown Amid Weak Gas Prices – Bloomberg Americas: The massive triumph of the rich, illustrated

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Links 11 December 2019

Global Macro / Markets / Investing: Central banks cannot allow cryptocurrencies to develop – says the head of BIS – Crypto Time Neoliberalism: the idea that swallowed the world – The Guardian Easy-Money Policies Don’t Solve the Problem of Idle Resources – Mises Bernie Sanders Could Pave the Way for Massive Bitcoin Adoption – Be

17

Links 10 December 2019

Global Macro / Markets  / Investing: Governments must learn to love borrowing again – FT Why this Boom Could Keep Going Well Beyond 2019 – Mises The Davos Manifesto: Towards a better kind of capitalism – WEForum Chart suggests a year-end market rally will emerge as soon as next week – CNBC Ford challenged Tesla

18

Links 9 December 2019

Global Macro / Markets / Investing: The Davos Manifesto: Towards a better kind of capitalism – WE Forum Millennials weren’t the only ones gutted by the recession. Gen X has never recovered. – VOX Digital Currencies to Soar in Coming Decade, Predicts Deutsche Bank – Be In Crypto What Kind of Capitalism Do We Want?

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Weekend Reading: 7-8 December 2019

Global Macro / Markets / Investing: Are you ready? Goldman Sachs says that every one of its private equity clients is preparing for recession – Business Insider Moody’s Downgrades Outlook for Global Banks – Gold Silver Bitcoin Fed pumps $70.1 billion in one day liquidity into financial market – what does this actually mean? –

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Links 6 December 2019

Global Macro / Markets / Investing: The repo market is ‘broken’ and Fed injections are not a lasting solution – MarketWatch Crude Oil Could Fall to $40 if OPEC+ Fails to Deepen Cuts – Wolf Street The Fourth Industrial Revolution could spell more jobs – not fewer – WEF Forum Americas: Harvesting the Blood of

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Links 5 December 2019

Global Macro / Markets / Investing: Trump blows off concerns he’s roiling markets with his trade comments – Politico 70% of economist expect a recession before the end of 2021 – MarketWatch The ergodicity problem in economics – Nature Americas: U.S. solar industry to lose 62,000 jobs due to Trump tariffs – Reuters U.S. Students

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Links 4 December 2019

Global Macro / Markets / Investing: It’s getting more expensive to eat, and economists are worried – Financial Post Foreign currency traders at Morgan Stanley had hidden a trading loss of upwards of $140 million – Bloomberg Ten trillion dollars of US corporate debt set off alarm bells – WSWS Bitcoin halving will definitely Surge

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Links 3 December 2019

Global Macro / Markets / Investing: Elites Create Money From Thin Air While we Have to Work for Ours – 7Bitcoins The Way Out for a World Economy Hooked On Debt? Yet More Debt – Bloomberg Sudden Plunge in 3 Hong Kong Stocks Offers a Cautionary Tale – NY Times Americas: John Deere demands further

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Links 2 December 2019

Global Macro / Markets / Investing: Automakers Offer Record Incentive Spending As Trillion Dollar Auto Bubble Becomes Unsustainable – Zero Hedge Why Amazon won’t dominate in groceries – Venture Beat Global Auto Sales Expected To Crash More Than After The Financial Crisis – Zero Hedge Forgiving Student Debt Would Boost Economy, Economists Say – NPR

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Weekend Links: 30 November – 1 December 2019

The arrival of implacable gifts, 1985, James Gleeson, Art Gallery of NSW     China – Asia ‘China spy’ spills secrets that rattle Taiwan and Hong Kong – Nikkei Asian Review China Financial Warning Signs Are Flashing Almost Everywhere – Bloomberg Sri Lanka’s new government wants to undo Hambantota port lease to Chinese venture –

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Links 29 November 2019

Global Macro / Markets / Investing: US stock market record highs amid strong economic data – Yahoo 5 More Signs That The Global Economy Is Careening Toward A Recession – Most Important News How the IMF can battle gradual irrelevance – Jordan Times This digital currency could build a more sustainable global economy – European

13

Links 28 November 2019

Global Macro / Markets / Investing: WeWork shows that real profit still matters more than “growth” – The Drum Audi To Cut 9,500 Jobs To Fund Shift To Electric Vehicles – Forbes Decentralised finance in developing countries: it’s potential and constraints – Medium Americas: The great American labor paradox: Plentiful jobs, most of them bad

14

Links 27 November 2019

Global Macro / Markets / Investing: The Rich Have Assets, The Poor Have Debt – Zero Hedge Bitcoin is Down: these might be the possible Reasons of Dumping – Token Hell $21 Trillion in Missing Money Could Trigger Meltdown – USA Watchdog Americas: It’s Official: The United States Is Now A Banana Republic – Zero

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Links 26 November 2019

Global Macro / Markets / Investing: Artificial Intelligence And Blockchain: A Perfect Match – Medium The $4 trillion force propelling US stocks to record highs – CNN The Next Wave of Debt Monetization Will Be a Disaster – Epoch Times 150 Years Of Bank Credit Expansion Is Near Its End – Zero Hedge Investors Bet

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Links 25 November 2019

Global Macro / Markets / Investing: 150 Years Of Bank Credit Expansion Is Near Its End – Zero Hedge Inside WeWork’s week from hell: How the mass layoffs went down – CNN Investors Bet on Volatility Comeback in 2020 – Stock Market News Angry savers emailed Janet Yellen: We’re getting crushed by low rates –

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Weekend Reading: 23-24 November 2019

Global Macro / Markets / Investing: Famed economist David Rosenberg lays out the evidence that recession risks are alive and well – Business Insider The world’s best pension system is being pushed to the brink – CNN Full-blown profits recession could hit US in 2020 – CNBC The World May Have A Bigger Problem Than

13

Links 22 November 2019

Global Macro / Markets / Investing: US National Debt Spiked by $1.3 Trillion in 12 Months, to $23 Tn. But Who Bought This Pile of Treasury Securities? – Wolf Street Dow Futures Crash as Moody’s Reveals 16 Fatal Recession Triggers. – CNN Wall Street thrills to idea of Michael Bloomberg presidency – “He is a

25

Links 21 November 2019

Global Macro / Markets / Investing: Return of short-selling bans: market protection or ‘war against truth’? – Reuters Global economy will remain fragile in 2020 – Times Now News Trade War Drag on World Economy to Fade in 2020, Says Goldman – Bloomberg When Bitcoin Market Cap will Surpass that of Gold Crypto Analyst Reveals

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Links 20 November 2019

Global Macro / Markets / Investing: Economic Inequality and Human Enhancement – The Future Scape Global Debt Surges to a Record $250 Trillion, Highlighting a Need for Bitcoin – Be In Crypto Fed’s push into funding markets stirs fears of widening role – Politico Airbus scores major deals as Boeing falters at Dubai airshow –

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Links 19 November 2019

Global Macro / Markets / Investing: Vladimir Putin: The US Dollar Will Collapse Soon – Economic Policy Journal Help me understand two things about the repo market – St Louis Fed Americas: After the 2017 tax cuts legislation, FedEx saw its effective tax rate drop from 34% to 0% – NY Times To Lower Costs,