Global Macro / Markets / Investing:
- Microsoft CEO Unloads Half Of Shares For $300M – The Techee
- Tesla withdraws application for $1B in subsidies for German factory, Musk implies they don’t want it – Elektrek
- Massive inflation will likely push Fed to hike rates six times before 2024, Federated’s Phil Orlando predicts – CNBC
- The Fed chair will tell lawmakers that Omicron increases inflation uncertainty. – NY Times
- The current inflation run is similar to other episodes in history, but with important differences – CNBC
- Investors need to pay attention to the capital cycle – FT
- What Am I Most Thankful For? The Rich. The Richer the Better. – Real Clear Markets
Americas:
- Powell to tell Senate omicron variant poses downside risk to economy, complicates inflation picture – CNBC
- Failure to Deal With Debt Limit Would ‘Eviscerate’ U.S. Economic Recovery – Yellen – USA News
- Omicron poses 3 major threats to the US economy, says Jerome Powell – CNN
- Everything the press predicted about the economy was wrong. It’s booming – Press Run
- More than half of shoppers are going into debt this holiday season, study finds – CNBC
- U.S. sues to halt sugar merger, says it would harm competition – PBS
- The End of Trust – Suspicion is undermining the American economy. – The Atlantic
- Shoppers are buying from resale retailers more than ever. Here’s why – CNBC
Europe:
- Taiwan, Europe must defend democracy together, president says – Reuters
- EU plans €300bn global infrastructure spend to rival China – FT
- Europe Revisits Nuclear Power as Climate Deadlines Loom – NY Times
- Meet the Greek fisherman cleaning up the Mediterranean Sea – Euro News
- France says it will not be held hostage by British politics on migration – Reuters
- EU nations add air, space and drone tech to their defense cooperation roster – Defense News
- The European plan mobilising billions to boost slumping investment – Euro News
Asia:
- New Indian Bill Will Introduce Private Crypto Ban – Forex Review
- Here Is China’s Biggest Threat in Its Plan To Overtake America. Demography is the main adversary for China. – Medium
- Chinese ignore government restrictions and are using crypto to send money to Japan – Digest Time
- China Growth Stocks Look Like Havens as Markets Confront Omicron – Bloomberg
- China makes billion-dose coronavirus vaccine pledge to Africa – SCMP
- Chinese Province Targets Journalists And Foreign Students With Planned New Surveillance System – Reuters
- Asia tightens borders as Omicron clouds region’s return to travel – Aljazeera
Trans-Tasman:
- Australia’s Black Summer of fire was not normal – and we can prove it – CSIROscope
- High-profile Liberal woman quits party to run as independent after alleging ‘inappropriate’ behaviourv – The Guardian
- Coalition’s parliamentary calendar has just 10 sitting days in first half of 2022 – The Guardian
- ‘Almost unprecedented’ spike in number of Australians who see racism as a problem, survey finds – The Guardian
- PM takes swift action on Omicron by declaring it the states’ responsibility – Chaser
- New Omicron case found in NSW, has been active in community – ABC
- Trust in scientists soared in Australia and New Zealand during Covid pandemic, poll finds -The Guardian
- Westpac accused of charging dead customers as it faces six ASIC lawsuits – The SMH
- WWF report finds Federal Government lags all states on renewable energy action – The Guardian
- Bob Katter ‘thrown out’ of Tamworth pub for failing to show vaccination status – ABC
- ‘Right to know’: critics blast Coalition attempt to shield Future Fund from FOI laws – The Guardian
- Concerns federal government’s social media anti-bullying laws are ‘unenforceable’ – SBS
- Ambulance Victoria CEO apologises to staff after report lays bare bullying, discrimination – ABC
- Revenue NSW’s automated system took fines from people’s bank accounts – The SMH
- Cash Crunch: RBNZ sees ‘significant issues’ for the cash system – Interest.co.nz
- ANZ Business Outlook survey: ‘Here’s hoping Covid doesn’t throw us a curve ball’ – 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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