Links 28 May 2020
by Leith van OnselenGlobal Macro / Markets / Investing:
- M2 Money Supply – Am I wrong to be freaked out about this chart? – St Louis Fed
- Central bank asset purchases creating ‘fake markets’, analyst warns – Financial Post
- Global stocks rally and break records – CNBC
Americas:
- Canadian Real Estate Prices Expected To Drop Up To 18% – Better Dwelling
- Cannabis Legalization Is Key To Economic Recovery, Much Like Ending Alcohol Prohibition Helped Us Out Of The Great Depression – Forbes
- Corn prices keep slumping, and farmers keep planting more: With supply outpacing demand, another huge crop is projected in 2020. – Star Tribune
- Young Join the Rich Fleeing America’s Big Cities for Suburbs – Bloomberg
- Don’t Expect A Quick Recovery. Our Survey Of Economists Says It Will Likely Take Years. – Five Thirty Eight
- Inflation risk remote compared with Bank of Canada’s bigger worry — depression-inducing mix of deflation and debt – Financial Post
- U.S. small firms leave $150 billion in coronavirus stimulus untapped – Reuters
- The Price of a Virus Lockdown: Economic ‘Free Fall’ in California – NY Times
- The Case for Letting the Restaurant Industry Die – New Yorker
- America’s Unemployment System Doesn’t Do Its Job – Bloomberg
Europe:
- Swiss companies must pay share of rent for employees working from home – Swiss Info
- How the EU budget can best assist in the necessary transition from fossil fuels to sustainable energy – Bruegel
- Frozen UK Property Funds Face Existential Crisis – Reuters
- German business sentiment recovered in May – Economo
- Britain reported a record budget deficit in April – Economo
- How Europe’s big bailout could also help trump the ‘China card’ – SCMP
Asia:
- China says Trump Administration ‘Bluffing’ in Sanctions Threats for Hong Kong – US News
- China, Faced With Challenges, Mounts Show of Strength at Congress Session – NY Times
- U.S. Chamber urges China to preserve Hong Kong’s autonomy – Reuters
- China Will Use Its Digital Currency To Compete With The USD – Forbes
- China prepares more relief with the coming deadline of bad loans worth 211 billion USD – Economo
- Reading tea leaves from China’s two sessions: Large monetary and fiscal stimulus and still no growth guarantee – Bruegel
Trans-Tasman:
- Scott Morrison dismisses idea of taking pay cut, vows to ‘keep doing a good job’ – SBS
- NSW Premier freezes public sector pay for 12 months – The SMH
- A 30-year-old Queensland man has become the youngest person to die from coronavirus in Australia – SBS
- ‘Disaster in the making’: Industry to decide safe chemicals code – The SMH
- Morrison refuses to make guarantees as he seeks to overhaul work and pay conditions – ABC
- Michael Pascoe: Earth to Morrison, it’s reality check time – New Daily
- ‘Green light to hide information’: Australia’s recovery at risk from company disclosure changes – The Guardian
- Long-term unemployment set to explode without education funding boost – New Daily
- Unions get a seat at Scott Morrison’s workplace reform table – The SMH
- Western Australian premier fears more Covid-19 cases after six test positive on live export ship in Fremantle – The Guardian
- ANU looks to cut staff as it tackles a $225 million budget hole – The SMH
- National framework for university staff wage negotiations derailed – The Age
- RBNZ analyses housing negative equity risks – Interest.co.nz
- RBNZ says high levels of bank lending on commercial property could worsen the economic downturn – Interest.co.nz
- Housing confidence ‘whipsawed’ by Covid-19 – Interest.co.nz
Leith van Onselen
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.
Latest posts by Leith van Onselen (see all)
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