Global Macro / Markets / Investing:
- Some investors face ‘colossal’ losses on U.S. Treasury bonds as yields surge – Market Watch
- Tesla’s Cheap $25,000 Car Could Cost Just $19,000 – Inside EVs
- Dow closes at record high as Powell signals Fed to remain accommodative – Business Insider
- Alibaba, once a fund darling, now dumped by hedge funds – Edge Singapore
- Apple buys a company every three to four weeks – BBC
- Gamestop shares surge 104% and “WallStreetBets” is celebrating – Digest Times
- What the Bond Market Is Telling Us About the Biden Economy – NY Times
Americas:
- Child care workers make an average of $11.65 an hour, usually with no benefits. Most work 2nd jobs. Their poverty rates are 8x higher than teachers. – CNBC
- Powell Says Better Child Care Policies Might Lift Women in Work Force – NY Times
- A quarter of Americans support forgiving all federal student-loan debt – Business Insider
- Yellen’s steeper yield curve lets banks finance the huge US budget deficit – Asia Times
- Biden Signs Executive Order On The Economy – Quora
- Powell says economy still needs Fed support, pushes back on inflation worries – Reuters
Europe:
- German Economy growing faster than Expected – Guardian Mag
- London has more dollar millionaires than New York – The Guardian
- Texas Electric Bills Were $28 Billion Higher Under Deregulation – WSJ
- EU plans to reduce Dependence on US dollar and Strengthen the Euro – Guardian Mag
- Students in France wait for food handouts as COVID-19 destroys part-time jobs – Reuters
Asia:
- Asian digital currency gets PBOC support – China Daily
- China to test digital currency transactions with Thailand, UAE – Tech Node
- Chinese mobile games are gaining ground in the US – Tech Crunch
- China’s Foxconn To Build Cars For EV Company Fisker – The Techee
- Chinese power loans fueling a debt trap in Pakistan – Asia Times
- Why is the CCP’s revenue a wave and why is that wave becoming unstable? – Trading Economics
- China’s state-owned enterprises and competitive neutrality – Bruegel
Trans-Tasman:
- 50k sign petition to bring back mobile speed camera signs in NSW – News.com.au
- Scott Morrison insists Linda Reynolds will keep Defence ministry despite pressure over Brittany Higgins scandal – ABC
- ‘Dobseeker’ a golden opportunity for unscrupulous employers – Crikey
- Wages growth stuck at record low as public sector pay freezes, award delays bite – ABC
- Australia plans to build $2 billion concrete airstrip at base in Antarctic – Michael West
- ‘Jobdobber’ hotline may lead to bogus claims and undermine work prospects, retail body says – The Guardian
- Diversity hit between the eyes as old media pockets about 90% of big tech cash – Crikey
- Australia plagued by ‘voluntary unemployment’, leading economist warns – ABC
- RBNZ to be made to consider house prices when setting monetary policy; NZ dollar rises – Interest.co.nz
- Inland Revenue estimates the country’s wealthiest pay 12% tax – 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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