Global Macro / Markets / Investing:
- Inflation has risen around the world, but the U.S. has seen one of the biggest increases – Pew Research
- The rich are getting richer — and they’re fueling a private jet boom – CNBC
- Former RBI governor of India, Raghuram Rajan said only a handful of the 6,000-odd cryptocurrencies in existence today might survive going forward – Indian Express
- Fed members ready to raise interest rates if inflation continues to run high, meeting minutes show – CNBC
- Fed’s Bostic Plays Down Risk From New Variant, Is Open to Faster Taper – Bloomberg
- New COVID variant adds uncertainty for a Fed in the process of slowing support – Yahoo
- Open banking is gaining ground, how much more is there to gain? – Disruption Banking
Americas:
- Black Friday shopping in stores drops 28% from pre-pandemic levels as shoppers spread spending throughout the season – CNBC
- The Great Reshuffling: The third-quarter GDP numbers should be seen as evidence of an economy in the middle of a major transition. – CEPR
- Sitting out the season: A record number of Americans say they won’t be buying holiday gifts this year – CNBC
- This Is Not the Most Expensive Thanksgiving Ever – Economist Writing Every Day
- The politics of carbon taxes versus clean energy subsidies – The Hill
- Moving to Canada: Immigrant Influx Is Stunting Wage Growth in Canadian Recovery – Bloomberg
- U.S. jobless claims fall to just 199,000, the lowest level since 1969 – CNBC
- Evictions In The U.S. Rise After Moratorium Ends – Statista
Europe:
- Anti-government protesters block bridges, roads in Serbia – AP News
- Married far-right firebrand Éric Zemmour gets chief aide pregnant – The Times
- Only 18 per cent of Britons think Brexit is going well, poll finds – Independent
- As departing chancellor Angela Merkel will receive a military farewell ceremony – Politico
- Austria arrests 15 people suspected of smuggling migrants – Euro News
- Italy heading for demographic ‘crisis’ as population set to shrink by a fifth – The Local
- 61 travellers from South Africa in Netherlands positive for COVID-19 – Reuters
- More Than 50 Dead in Siberia Coal Mine Accident – Moscow Times
Asia:
- China’s ban on Australian coal is benefiting U.S. railroads – Trains
- RBI to focus on Chinese Yuan more than US Dollar to boost export competitiveness – Times Own News
- In Depth: Can China Pull Itself Out of the Economic Doldrums? – Caixin
- Omicron fears prompt nations including South Korea, Japan, to curb travel – SCMP
- Amid omicron scare, Japan imposes travel curbs on 3 more countries – Hindustan Times
- Chinese Electric Vehicle Maker Nio to Expand into Five New European Countries – Nikkei
- Asia is the global inflation exception – FT
Trans-Tasman:
- Australia’s spy agency predicted the climate crisis 40 years ago – and fretted about coal exports – The Guardian
- NSW COVID Omicron variant: Sydney Airport arrivals from southern Africa test positive to COVID-19 – The SMH
- All international arrivals into NSW and Victoria to quarantine under reimposed border rules – ABC
- COVID gave us a once-in-a-lifetime natural experiment — but Scott Morrison has turned his back on the lessons – ABC
- Australia to close border to southern Africa in response to Omicron Covid variant – The Guardian
- The nation is rudderless in the face of growing storm – The SMH
- NSW teachers vote for December strike over pay and staff shortages – ABC
- Country Liberals senator Sam McMahon could cross the floor against government’s proposed voter ID laws – ABC
- COVID Australia: Omicron variant prompts Morrison government to prepare for tighter quarantine – The SMH
- The money laundry: Pubs and clubs the next frontier for crime – The SMH
- It was hard to keep up during Scott Morrison’s horror week. It would help if he could get his story straight – The Guardian
- NSW laws criminalising secret recordings of animal cruelty ‘too great a burden on speech’, high court hears – The Guardian
- Confusion over interest deductibility rules gives property investors cold feet – Interest.co.nz
- House prices are rising faster than rents and pushing down potential returns for residential property investors – Interest.co.nz
- Residential construction; a market stretched to breaking point – Interest.co.nz
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also Chief Economist and 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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