Global Macro / Markets / Investing:
- The Boredom Economy: The pandemic is terrible. It can also be tedious. And that tedium is shaping what people buy and how productive they are. – NY Times
- Explainer: U.S. Treasury’s cash drawdown – and why markets care – Reuters
- Warren Buffett Just Sold His Pfizer Stock. – Nasdaq
- Oil gains as U.S. production slowly returns after freeze – Reuters
- The Two Pins That Will Pop The Stock Market Bubble. Do you agree? – Talk Markets
Americas:
- Biden is changing PPP rules. For 2 weeks, only businesses with fewer than 20 employees can claim pandemic relief loans. – Business Insider
- Biden’s $2 trillion plan for infrastructure focuses on fighting climate change – Washington Times
- The Jobs the Pandemic May Devastate – NY Times
- Massive back-pay bills loom for millions of households rescued by moratoriums – Washington Times
- Winners and losers in energy sector from Texas cold snap – Reuters
- Millions of Tenants Behind on Rent, Small Landlords Struggling, Eviction Moratoriums Expiring Soon: Inside the Next Housing Crisis – Time
- Many Americans, especially families, can’t live on a $15 minimum wage – CNBC
Europe:
- Students in France wait for food handouts as COVID-19 destroys part-time jobs – Reuters
- Italian ambassador killed in Congo during kidnap attempt – Independent
- Single vacine jab linked to 85% and 94% drop in risk of hospital admissions in Scotland, study shows – Sky
- 1,000 EU finance firms ‘set to open UK offices’ – BBC
- Germans are turning down Oxford-AstraZeneca Covid vaccine, with fewer than 200 people turning up for the 3,800 daily appointments at one vaccination centre. – The Times
- EU to offer young people free Interrail passes for 2022 – Euractiv
Asia:
- Chinese stocks drop 3% in retreat from record highs — Pullback offers early hint that support for asset prices may start to fall away – FT
- No evidence China uses ‘debt trap’ to seize other countries’ assets, say experts – CGTN
- China Enlists Ant-backed MYbank in Expanding Digital Yuan Trial – Bloomberg
- China “Sexy Tea” Shop Apologises for Calling Women “Bargains” – BBC
- Chinese Spyware Code Was Copied From America’s NSA, Says Researchers – Reuters
- Let Taiwan be Taiwan at Olympics – Taipei Times
Trans-Tasman:
- National Party waging war against Australian environment – Independent Australia
- The Brittany Higgins allegations have unearthed fury among women staffers and politicians – ABC
- Craig Kelly resigns from the Liberal party to move to the crossbench – The SMH
- Brittany Higgins’ partner abandons Canberra job due to fears of payback – The Guardian
- Labor pushes for inquiry into ‘broken’ visa system that forces applicants to take trips abroad during Covid – The Guardian
- Michael Pascoe: National Party’s failure adds to educational disadvantage in the bush – New Daily
- Andrews government calls royal commission into Melbourne’s Crown Casino – ABC
- Scott Morrison planning for a two-budget election strategy – The SMH
- Air NZ trials ‘vaccine passport’, a glimpse of post-COVID travel – The Age
- Grimes: The RBNZ should tighten monetary policy – Interest.co.nz
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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