Global Macro / Markets / Investing:
- The Four-Day Work Week Is The Future Of Work. Microsoft has just proven this if necessary. – Medium
- How Poverty Makes Workers Less Productive – NPR
- US stocks tumble on inflation worries, S&P 500 down 2.5% – Straits Times
- Goldman Sachs’ boss wants bankers back to their desks ASAP – The Guardian
- Coinbase is going public to follow bitcoin “boom” momentum – Digest Time
- GameStop’s Frankfurt shares nearly triple in catch-up trade to Wall Street – Reuters
Americas:
- Surgery for a child, car loan, electric bills: We asked Americans how they’d spend $1,400 stimulus checks. This is what they said. – USA Today
- L.A. City Council approves ‘hero pay’ wage boost for grocery workers – LA Times
- Majority of Americans support $15 minimum wage, Reuters/Ipsos poll shows. 59% support it and 34% oppose it – Reuters
- U.S. Home Loan Purchase Applications Crashed To A 9-Month Low – Christophe Barraud
- COVID-19 in Canada: ‘Vaccination passports’ a near certainty says bio-ethicist – Canada Forums
- Democrats call for relief package to waive taxes on unemployment benefits – The Hill
- The Emperor Has No Clothes: Exposed Vulnerability in the Texas Energy Industry – Brookfield Brief
Europe:
- UK economy has the biggest drop in 300 years due to the Covid pandemic – Digest Time
- Bank of England to ‘resist firmly’ EU raid on London, warns governor – The Guardian
- EU says UK, U.S. have vaccine export bans, EU allows exports of Pfizer, Moderna shots – Reuters
-
France extends life time of its oldest nuclear plants for ten more years – Washington Post
Asia:
- No, China is not the EU’s top trading partner: When you count services, not just goods, trade flows with the US are far larger – Politico
- Did China’s Economy Bounce Back from the Coronavirus? The Data Are Murky. – Barrons
- China’s poverty alleviation effort – a ‘human miracle’. China lifted 100 million people out of poverty in the last decade. There’s a lot for other countries to learn. – CGTN
- Asian digital currency gets PBOC support – China Daily
- China has tried to intimidate Hong Kong activists in Germany, Berlin says – Reuters
- Xi declares extreme poverty has been wiped out in China – SCMP
Trans-Tasman:
- ‘Existential threat to our survival’: see the 19 Australian ecosystems already collapsing – The Conversation
- Missing Sydney businesswoman Melissa Caddick found dead – ABC News
- Scott Morrison First Victim Of ‘Job Dobber’ Hotline, After Anonymous Tip-Off Claims He’s Avoided Work For A Year – The Shovel
- Just another type of debt’: Australia’s struggle to regulate buy now, pay later firms – The Guardian
- Decrease in Australia’s gender pay gap partly due to more men in lower-paid work – The Guardian
- What’s bad about the media code deal? How much time do you have? – New Daily
- PM dodges question over Peter Dutton describing Brittany Higgins rape allegation as ‘she said, he said’ – The Guardian
- Canberra on a big budget: how jobseeker stacks up against a federal politician’s perks – The Guardian
- Countries with higher unemployment benefits have lower jobless rates, study finds – New Daily
- RBNZ: Hold up, we aren’t changing the way we do monetary policy; NZD falls – Interest.co.nz
- Anti-money laundering enforcement bolstering government coffers – Interest.co.nz
- Financial conditions tighten further on monetary policy remit tweak – Interest.co.nz
-
‘Little sign of inflationary pressures abating’ – 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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