Links 14 September 2020
by Leith van OnselenGlobal Macro / Markets / Investing:
- Druckenmiller says stock market is in ‘an absolute raging mania’ and fears Fed raised risk of inflation and deflation – MSN
- How Liberals Opened the Door to Libertarian Economics – NY Times
- The world economy is recovering but growth is slowing – Economo
- The stock market is detached from economic reality. A reckoning is coming. – Washington Post
- Oil prices add to losses as supplies swell amid weak demand – Edge Markets
Americas:
- Bankruptcy filings are mounting. And that’s just the tip of the iceberg – CNN
- Walmart begins testing drone deliveries for household goods and groceries – The Verge
- The US Senate failed to adopt the new stimulus package – Finances Herald
- Time to Cut Commercial Ties With China: “Doing this much business with our principal adversary was geopolitical malpractice” – National Interest
- Marijuana sales in Colorado exceed $200 million, smashing previous monthly record – Grow Cola
- Jobless claims: Another 884,000 Americans filed new unemployment claims last week – Yahoo
Europe:
- Britain and Japan have agreed to 99% duty-free trade – Economo
- Germany expects lower tax revenues in 2020-2024 – Economo
- UK economy recovered 6.6% in July – CNBC
- British economy is recovering from the coronavirus crisis – Economo
- Oxford University to resume Covid-19 vaccine trial – BBC
- President Erdoğan warns Macron: ‘Don’t mess with Turkey’ – The Guardian
Asia:
- Nikkei gains as coronavirus fears ease in Tokyo – Reuters
- North Korea’s Kim Jong-Un Inspects Reconstruction in Flood-hit Area, According to State Media – Reuters
- China Starts Testing Coronavirus Nasal Spray Vaccine – Japan Times
- “China’s Disdain for Human Rights No Longer Affects Only its Citizens”: Over 300 NGOs urge UN to probe China rights abuses. – Hong Kong FP
- China Flies Its First Reusable Spacecraft in Secretive Mission – BBC
- Uighurs accuse China of mass detention, torture in landmark complaint – NBC
- Families of captured Hong Kong activists demand their return from Chinese detention – Reuters
Trans-Tasman:
- Pandemic bipartisanship is crumbling as Scott Morrison ramps up the politicking – The Guardian
- Dark kitchens are expanding across Australia, and you’ve probably eaten from one without realising – ABC
- The sports rorts affair is still not resolved. Australia urgently needs a federal anti-corruption commission – The Guardian
- Volkswagen Beetle found by Hobart man in paddock after nearly 50-year search for first family car – ABC
- Aged care deaths fall during pandemic with influenza at record lows – The SMH
- Perth woman becomes first in WA to be fitted with quarantine tracking device – ABC
- Australians stranded abroad say they’re mentally exhausted trying to get home amid coronavirus – ABC
- Leaked Sutton call reveals failures in contact tracing – Saturday Paper
- ‘Shouting and kicking’: Hospitals reveal new source of COVID spread – The Age
- New Chinese-built trains arrive in Sydney amid manufacturing spat – The SMH
- Record house prices were supported by strong sales volumes in August – Interest.co.nz
- What would’ve happened to the bond market had the RBNZ not done QE? – Interest.co.nz
- Landlord v tenant: how our new laws will play out – Interest.co.nz
- House price growth has been steady and impressive since Level 4 lockdown ended – 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.
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