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
![https://www.macrobusiness.com.au/wp-content/uploads/gravatar/leith-cropped.png https://www.macrobusiness.com.au/wp-content/uploads/gravatar/leith-cropped.png](https://www.macrobusiness.com.au/wp-content/uploads/gravatar/leith-cropped.png)
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.
![https://www.macrobusiness.com.au/wp-content/uploads/gravatar/leith-cropped.png https://www.macrobusiness.com.au/wp-content/uploads/gravatar/leith-cropped.png](https://www.macrobusiness.com.au/wp-content/uploads/gravatar/leith-cropped.png)
Latest posts by Leith van Onselen (see all)
- Final auction clearance rates bounce off thin volumes - May 28, 2020
- ABS: 72% of businesses suffer COVID-19 revenue falls - May 28, 2020
- Australia’s regions hit hardest by COVID-19 job losses - May 28, 2020