Global Macro / Markets / Investing:
- Taxing extreme wealth could lift 2.3 billion people out of poverty – CNN
- Fed to raise rates three times this year to tame unruly inflation – Reuters
- Bitcoin Futures Markets Signaling Volatility Ahead – Valkyrie Cryptocurrency
- Federal Reserve is in ‘deep trouble’ over ‘disaster’ balance sheet – Fox Business
- ‘Black Swan’ author Nassim Taleb compared bitcoin to a disease – Business Insider
Americas:
- One million fewer students have enrolled in college over the last two years. Here’s how that impacts the economy – NPR
- New York Will Generate More Than $1.25 Billion In Marijuana Revenue Over Next Six Years, Governor’s Budget Estimates – Marijuana Moment
- Less than half of Americans can cover a surprise $1,000 expense, survey finds – CBS News
- New Mexico asks National Guard to sub for sick teachers amid omicron – AP News
- Yellen says Biden’s COVID-19 relief bill ‘acted like a vaccine for the American economy’ – The Hill
- U.S. to let teens drive big rigs in test program to help ease supply chain shortage – ABC
- Inflation hits 7.5% in Midwest; surging consumer prices ‘disastrous’ – Chicago Tribune
- Omicron Is Making America’s Bad Jobs Even Worse – The Atlantic
Europe:
- UK inflation jumps to ‘three-decade’ high amid rising fuel costs and supply chain problems – Madgy
- German Benchmark Bond Yield Turns Positive for First Time Since 2019 – WSJ
- Macron proposes security pact to make Europe a ‘power of the future’ – DW
- EU should ban energy-intensive mode of crypto mining, regulator says – FT
- Denmark to join diplomatic boycott of Beijing Olympics over human rights – Reuters
- Angela Merkel turns down UN job offer – Politico
- Macron floats EU security pact with Russia in split from US calls for ‘unity’ – FT
Asia:
- China ‘not interested’ in becoming world’s No 1 economy or global hegemony, says vice foreign minister – SCMP
- Thailand Plans to Make Marijuana Legal, Scrapping Jail Terms and Fines for Possession – Bloomberg
- North Korean hackers stole $400 mln worth of crypto currencies in 2021 – Forex Brokerz
- Xi Jinping warns Fed against hiking interest rates – Market Watch
- China stands alone in its attitude towards the pandemic: It is one of few countries where normalcy has regressed over the past year – The Economist
Trans-Tasman:
- ‘The opposite of planning’: how Australia put the economy before health of the nation – The Guardian
- Morrison hopes states will allow children to drive forklifts – The Guardian
- Unvaxxed billionaire Clive Palmer promises most expensive election campaign ever – The Age
- What a disaster: federal government slashes COVID payment when people need it most – The Conversation
- Scott Morrison’s apology that was not an apology – The Age
- George Christensen steps down from parliamentary role after ‘dangerous’ vaccine comments – ABC
- Novak Djokovic drew global attention to Australia’s immigration detention regime. Now we need proper scrutiny of all places of detention – ABC
- Planning underway for teacher shortages as national cabinet meets to finalise school plan – ABC
- United States warns residents to ‘avoid travel to Australia’ after CDC upped the COVID-19 rating to ‘level four: very high’ – Sky News
- The backpacker solution – The government begs those it abandoned to help it out of a tight spot – The Monthly
- Scott Morrison says he never said there were no refugees in Melbourne’s Park hotel – The Guardian
- Despite ‘significant’ emissions, NSW coal mine extension a step closer to approval – ABC
- Why the ambulance systems in NSW and Victoria are in a state of crisis – SBS
- PM’s big admission on Omicron mess – News.com.au
- ANZ says house prices likely to fall by 7% this year, more than double its previous forecast of a 3% dip. – Interest.co.nz
- Real estate industry estimated to have earned $2.34 billion in residential sales commissions last year – Interest.co.nz
- Food prices rise 4.5%, the biggest annual hike in a decade – 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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