UNITED STATES
“Everybody
Immediately Knew That It Was for Amazon”: Has Bezos Become More Powerful in D.C.
Than Trump?
– Vanity
Fair
The
deal for an obscure $10 billion Pentagon contract suggests the extent to which
Jeff Bezos is gobbling up the swamp—without the guy in the White House even
batting an eye.
OTHER
Anniversary of the
End of Bretton Woods: Thoughts Going Forward – Marc
Chandler
Adair Turner: The
Zero-Sum Economy –
Project
Syndicate
The
anthropologist David Graeber has argued that as much as 30% of all work is
performed in “bullshit jobs,” which are unnecessary to produce truly valuable
goods and services but arise from competition for income and status. But the
deeper problem is that more and more economic activity performs a merely
distributive function.
The post-crisis
generation game –
FT
The
clandestine links between housing, pensions and an ageing population.
TURKEY
Noah Smith: Turkey
Is Following a Familiar Emerging-Market Script – BB
It
rarely ends well for developing nations that borrow a lot in foreign-currency
debt.
Trump Has
"Great Deal Of Frustration" With Erdogan As White House Warns More
Sanctions Coming
– ZH
Lira Surges After
Turkey Crushes Shorts, Imposes New US Sanctions, Denies Brunson Appeal For
Release
– ZH
REGULARS
EU Open Rundown – RANsquawk
FirstFT Daily
Briefing
– FT
Danske Daily – Danske
Bank
Daily Market
Comment
– Marc
Chandler
Lira
Rallies on Cut in Swaps, but Fails to Dent Dollar Demand
Brussels Playbook – Politico
Salvini
politicizes bridge collapse — Europe watches Turkey burn — Poland closer to EU
court action
Five Things You
Need to Know to Start Your Day – BB
US Open – ZH
Futures
Slide As Dollar Surges; Tencent, Yuan, Chinese Stocks Tumble
US Open Rundown – RANsquawk
Aamukatsaus – Nordea
Turkin liira vahvistui rajun heikentymisen jälkeen,
dollari vahvistui muita valuuttoja vastaan | Jatkuuko Britannian inflaation
hidastuminen? | Suomen BKT alustavien tietojen mukaan 2,9 prosentin
vuosikasvussa toisella neljänneksellä