Central Bank Balance Sheets

A $9 Trillion Binge Turns Central Banks into the Market’s Biggest Whales
https://www.bloomberg.com/graphics/2021-central-banks-binge/

Global Corporate Taxation Debate

This Is Tax Evasion, Plain and Simple
https://www.nytimes.com/interactive/2021/07/07/opinion/minimum-corporate-tax.html 

Ireland’s Days as a Tax Haven May Be Ending, but Not Without a Fight
https://www.nytimes.com/2021/07/08/business/ireland-minimum-corporate-tax.html

Related:

https://www.nytimes.com/2021/07/01/business/global-minimum-tax.html 

US Monetary Policy and Emerging Markets

A rate rise in the U.S. might trigger big problems in the developing world
https://www.washingtonpost.com/us-policy/2021/07/06/emerging-market-debt-g20/ 

Labor Share of Income – High Skilled versus Low Skilled

Labor’s Share of the Money Pie Is Bigger Than Economists Thought
https://www.bloomberg.com/news/articles/2021-07-07/labor-s-share-of-the-money-pie-is-bigger-than-economists-thought
 
Human Capitalists by Andrea L. Eisfeldt, Antonio Falato, and Mindy Z. Xiaolan
https://www.nber.org/system/files/working_papers/w28815/w28815.pdf
ABSTRACT
The widespread and growing use of equity-based compensation has transformed high-skilled labor from a pure labor input to a class of "human capitalists." We show that high-skilled labor earns substantial income in the form of equity claims to firms' future dividends and capital gains. Equity-based compensation has dramatically increased since the 1980s, representing forty percent of total compensation to high-skilled labor in recent years. Ignoring equity income causes incorrect measurement of the returns to high-skilled labor, with substantial effects on macroeconomic trends. In our sample, including equity-based compensation in high-skilled labor income reduces the total decline in labor's wage-only income share relative to total value added since the 1980s by over 30%. The inclusion of equity-based compensation also eliminates the majority of the decline in the high-skilled labor share. Only by including equity pay does our structural estimation support complementarity between high-skilled labor and physical capital greater than that of Cobb and Douglas (1928). We also provide additional regression evidence of such complementarity.

Declining US Fertility Rates

Expanding opportunities for women and economic uncertainty are both factors in declining US fertility rates
https://theconversation.com/expanding-opportunities-for-women-and-economic-uncertainty-are-both-factors-in-declining-us-fertility-rates-162494 

Political Risk and Chinese Stocks

How Wall Street Lost Sight of Didi's Risks

https://www.bloomberg.com/opinion/articles/2021-07-06/didi-crackdown-wall-street-should-have-seen-the-regulatory-risks-coming

Didi and Other Chinese Stocks Are Sinking. Bargain Hunters Beware.
https://www.barrons.com/articles/didi-china-stocks-bargain-hunting-51625585988
 
For China’s Business Elites, Staying Out of Politics Is No Longer an Option
https://www.nytimes.com/2021/07/06/technology/china-business-politics-didi.html

'Wokeness' and the Politicization of the Inequality Debate

Will America’s Woke Wars Be Britain’s Too?
Politicizing inequality may win votes, but it won’t fix problems. In fact, it will only create bigger ones.
https://www.bloomberg.com/opinion/articles/2021-07-06/will-america-s-culture-wars-be-britain-s-too