Global Macro / Markets / Investing:
- Fed Chairman Jerome Powell warns Congress that inflation may keep rising next year – CBS
- Coronavirus pandemic could cost global tourism $2 trillion this year – UN News
- Fattest Profits Since 1950 Debunk Wage-Inflation Story of CEOs – Bloomberg
- Dow skids nearly 600 points and stock market’s losses deepen as Fed’s Powell says faster taper may be warranted amid omicron – MarketWatch
- Musk highlights ‘supply chain nightmare’ in tweet – Reuters
- Welfare programs and black markets – Economist Writing Every Day
- Will The EV Revolution Trigger Global Economic Crisis? – CleanTechnica
Americas:
- Cyber Monday online sales drop 1.4% from last year to $10.7 billion, falling for the first time ever – CNBC
- US Home price gains slow down for the first time since May 2020 – CNBC
- U.S. gasoline prices could fall below $3 if oil market sustains losses. Why is $5 the new normal?!… – Yahoo
- The End of Trust – Suspicion is undermining the American economy. – The Atlantic
- The Delta variant hit the US economy hard. Will Omicron pack a similar punch? – Boston Globe
- Shoppers are buying from resale retailers more than ever. Here’s why – CNBC
Europe:
- Turkish economy grows by 7.4% in Q3 on robust demand, exports – Daily Sabah
- Eurozone inflation hits a record high of 4.9 percent – New York Times
- COVID has devastated cancer care in Europe, new data reveals -Euro News
- France welcomes Germany’s new ‘pro-European’ coalition agreement – Euractiv
- Goods shipped directly from Ireland to EU up by 50% in six months – The Guardian
- Construction work begins in Germany on road and rail tunnel to Denmark – Euro News
- Lukashenka uses EU funds to sponsor propaganda – Business Insider
Asia:
- Chinese ignore government restrictions and are using crypto to send money to Japan – Digest Time
- Weak Consumer Spending Hampers India’s Economic Recovery GDP grew 8.4% – WSJ
- China Growth Stocks Look Like Havens as Markets Confront Omicron – Bloomberg
- China’s population is shrinking, fast. This year, birth rate is expected to be the same as death rate. Starting next year, China’s population will officially shrink. – FT
- Leaked Papers Link Top Chinese Leaders to Uyghur Crackdown – BBC
- China makes billion-dose coronavirus vaccine pledge to Africa – SCMP
- Taiwan Scrambles to See Off Chinese Air Force as Xi Meets Top Brass – Reuters
Trans-Tasman:
- Labor, One Nation and Rex Patrick unite to decry Coalition’s refusal to release national cabinet documents – The Guardian
- PM denies delay to integrity commission – New Daily
- Elimination ‘entirely achievable’: Australia records lowest number of HIV cases since 1984 – The Guardian
- States running Australia’s renewables race alone, say reports, as feds put up hurdles – Renew Economy
- ‘Multiple’ people escape from Howard Springs COVID-19 quarantine facility near Darwin – ABC
- Coalition senators accused of making ‘dog noises’ at Jacqui Lambie – New Daily
- The Morrison government is decaying before our eyes – New Daily
- Cut speed caps on e-bikes in Sydney, says productivity report – The SMH
- Hung parliament a ‘real possibility’ as South Australian election shapes up to be a COVID corker – ABC
- Big jump in the number of homes being listed for sale, giving buyers more choice this summer – Interest.co.nz
- What’s in store for housing, interest rates and the Kiwi dollar in 2022? – Interest,.co.nz
- Average value of Auckland homes up $286,890 in the last 12 months – 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.
Latest posts by Unconventional Economist (see all)
- Reserve Bank signs New Zealand housing’s death warrant - August 9, 2022
- Supply constraints stunt Aussie new car sales - August 9, 2022
- Aussie household spending ran hot before latest rate hikes - August 9, 2022
YOU MAY ALSO BE INTERESTED IN
Links 9 August 2022
Global Macro / Markets / Investing: Think 9%
Links 8 August 2022
Global Macro / Markets / Investing: Rate
Weekend Reading: 6-7 August 2022
Global Macro / Markets / Investing: Wall
Links 5 September 2022
Global Macro / Markets / Investing: Pfizer