Global Macro / Markets / Investing:
- S&P 500 hits correction as Wall Street slides into ‘white knuckle’ zone – Washington Post
- Interest rates are expected to rise in 2022—here are 4 ways to prepare – CNBC
- Oil Prices Heading Back to $150 a Barrel? Could it happen? – Oil Field Now
- The Markets Tremble as the Fed’s Lifeline Fades – NY Times
- Silicon Valley’s New Obsession – The Atlantic
- Nasdaq 100’s Unrelenting Declines Ring a Dot-Com Bust Alarm Bell – Bloomberg
- The Markets Tremble as the Fed’s Lifeline Fades – NY Times
Americas:
- Workers Are Having Their Moment. How Long Can It Last? – WSJ
- 18 charts that explain the American economy – Full Stack Economics
- New CPI will adjust for auto using sales data – Bloomberg
- U.S. leading economic indicator rises strongly in December – Reuters
- Yellen rebrands Biden economic agenda as ‘modern supply-side economics’ – Reuters
- Biden Looks to Intel’s U.S. Investment to Buoy His China Agenda – NY Times
- Rush of immigrants to slow bank of Canada rate hikes, CIBC says – Bloomberg
Europe:
- US threatens use of novel export control to damage Russia’s strategic industries if Moscow invades Ukraine – Stripes
- Why Ireland’s housing bubble burst – Works in Progress
- ‘Heating or eating’: Britons struggle with rising costs – France 24
- UK sees highest inflation since 1992, pressuring BoE and households – Reuters
- The EU will offer Ukraine a 1.2 billion euro aid package – Reuters
- Ireland tells Russia live-fire naval exercise is ‘not welcome’ – BBC
Asia:
- Poor Country With Affluent Elite, India Is Going Nowhere – The Wire
- China cuts key rates, steps up monetary stimulus to boost economy – Reuters
- China Evergrande says hiring more advisers to help deal with debt – Reuters
- China To Focus On Infrastructure Investment To Combat Economic Slowdown, Identifies 102 Mega Projects Including High Speed Rail Expansion By 12000 km – Swarajamag
- China Cuts Benchmark Rates to Bolster Flagging Economy – WSJ
- Lithuania setting up 130m euros fund for businesses harmed by China – Reuters
Trans-Tasman:
- Hot housing market puts renters off having more kids – Sydney.edu.au
- ‘We’re furious’: Australian concession card holders unable to find free rapid antigen tests – The Guardian
- Chinese businessman says he only bought PM’s WeChat account because he ‘has a lot of followers’ – ABC
- More than 25% of Atlassian’s local workforce abandoned Sydney after the launch of its remote-first policy – Business Insider
- ‘A few days doesn’t make a trend’: Omicron may have peaked but experts cautious – ABC
- Number of patients waiting over a year for surgery has almost tripled – The SMH
- Inflation surges as housing, fuel and food lift consumer price index – ABC
- From 1 to 1,889,757 cases and rising: Australia’s two years with COVID on our shores – ABC
- Trouble on the tracks: is Australia’s $40bn inland rail project going off the rails? – The Guardian
- Tennis Australia reverse ban on Peng Shuai shirts. – The Age
- Rising interest rates mean lower house prices may not bring much relief to hopeful first home buyers – Interest.co.nz
- Omicron has come – 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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