Global Macro / Markets / Investing:
- Only the Rich Could Love This Economic Recovery – NY Times
- Higher inflation is here to stay for years, economists forecast – WSJ
- Janet Yellen Warns That Coronavirus Variants Threaten Global Recovery – NY Times
- Semiconductor Shortages and Vehicle Production and Prices – Cleveland Fed
- A Housing Frenzy Is Sparking Bidding Wars From New York to Shenzhen – Bloomberg
- The soaring market that threatens to derail the economic recovery – Politico
Americas:
- 60% of Millennials Earning Over $100,000 Live Paycheck to Paycheck – Business Insider
- Few companies stick with pledge to shut off funding for GOP objectors – The Hill
- Aging population to hit U.S. economy like a ‘ton of bricks’ – Reuters
- ‘Not worth it’: LA restaurants boost pay to lure wary workers – Yahoo
- Beware Of ‘Shrinkflation,’ Inflation’s Devious Cousin – NPR
- This pizza chain owner who pays $16 an hour says there’s no labor shortage, just a shortage of businesses willing to pay a decent wage – Business Insider
- It’s so hard to get a house right now, people are giving up on buying – CNN
Europe:
- Vestas’ giant turbine picked for Germany’s first subsidy-free offshore wind farm – Economic Times
- Swede Sentenced to 15 Years of Prison Following a16$ Million Investment Scam – Forex Review
- France moves to restrict restaurants to those vaccinated or testing negative for COVID-19 – Euro News
- “Belgium, the world’s most successful failed state” – Economist
- MEPs call on European Commission to recognize nuclear as sustainable – Euro Reporter
- After G7 pledge, EU seeks to rival China’s ‘Belt and Road’ with own infrastructure plan – Reuters
Asia:
- China’s Attempt to Avoid the American Tech Monopoly Trap – American Affairs
- China’s Slowing V-Shaped Economic Recovery Sends Global Warning – Bloomberg
- China’s Central Bank Pivots to Easing as Growth Risks Build – Yahoo
- China’s Ban on Bitcoin Follows a Pattern Frequently Used by Beijing Since the End 2000s. Anything that promotes freedom is banned by the Chinese authorities. – In Bitcoin We Trust
- China’s June exports growth beats f’cast as easing global lockdowns boost demand – Reuters
Trans-Tasman:
- Rudd calls on Hunt to resign – The Guardian
- The world’s biggest renewable energy hub – comprising an astonishing 50 gigawatts of wind and solar capacity – has been proposed for the southern coast of Western Australia to create millions of tonnes of green hydrogen for use in Australia and for export. – Renew Economy
- Sydney boaties fined $16k for lying on declarations to get into Queensland on superyacht to watch rugby – ABC
- FT editorial slams Australia’s covid rollout and Scott Morrison’s delays – News.com.au
- Australia falling behind in securing Pfizer booster shots – The SMH
- Plan to build world’s biggest renewable energy hub in Western Australia – The Guardian
- Benefit of government investment in social housing worth billions – The Mandarin
- Regulations governing conduct of Australia’s federal MPs are weakest of comparable nations, study finds – The Guardian
- Two apartment blocks in hard lockdown in Sydney and Melbourne to contain Covid outbreak – The Guardian
- This year’s census will have two new questions, but there are a few topics that won’t be addressed – ABC
- COVID-19 emergency payments set to be increased amid fears of long Sydney lockdown – ABC
- Farm workers say wages are so bad they need Centrelink to survive – New Daily
- Govt rejects ACT’s build-to-rent foreign buyer ban exemption idea – Interest.co.nz
- House prices flattening out as market cools over winter – Interest.co.nz
- Govt announces first drawdown from $3.8 bln housing infrastructure fund – 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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