Global Macro / Markets / Investing:
- Only 10% of Bitcoin Supply Left to Be Mined – Valkyrie Cryptocurrency
- Car shortage could change buying behavior forever – Axios
- How Big Pharma Lies About Benefits of Drugs — The One Most Powerful Trick You Should be Aware Of – World Affairs
- Markets and the economy brace as the Federal Reserve’s first rate hike could come in two months – CNBC
- The rise and rise of the global balance sheet: How productively are we using our wealth? – McKinsey
- The World’s Lowest Fertility Rate Is About to Get Even Lower – Bloomberg
- Apple’s rise to $3 trillion market cap shows the value of its massive share buybacks – CNBC
Americas:
- Democrats and Republicans equally need cannabis reform in 2022 – Fortune
- NYC: “We Are Going To Keep Our Schools Open,” Adams Promises As COVID Cases Shatter Records – Gothamist
- New NYC Mayor Eric Adams says closing city for omicron ‘is as dangerous as COVID’ – ABC
- Jury finds Theranos founder Elizabeth Holmes guilty on multiple charges in criminal fraud trial – CNBC
- Sales of newly built homes tank as affordability hits buyers – CNBC
- States are Hoarding $5.2 Billion in Welfare Funds Even as the Need for Aid Grows – Pro Publica
- As US Inflation Skyrockets White House Blames Monopolies, Economist Calls for Price Controls – Bitcoin News
- Back to the future: Obama-era labor policies to return in 2022 – Reuters
Europe:
- Turkey: Inflation rises to 36%, its highest level under Erdogan – Madgy
- Germany sets its sights on legalising cannabis for recreational use – Euro News
- Russia, China, Britain, U.S. and France say no one can win nuclear war – Reuters
- Germany Rejects EU Proposal for Nuclear Energy, Will Rely on Natural Gas – News Week
- Fury as EU moves ahead with plans to label gas and nuclear as ‘green’ – The Guardian
- Trump endorses Hungary’s Orbán for reelection – Politico
- Dutch riot police clash with anti-lockdown protesters – Independent
- Covid warning as new variant with ’46 mutations’ infects 12 in southern France – MSN
Asia:
- Evergrande crisis mounts amid reports it needs to demolish some Hainan developments – SCMP
- India has spent a decade wasting the potential of its young population – QZ
- Chinese Companies Listed at Home Surge While Crackdowns Clobber Those Abroad – WSJ
- China: Evergrande suspends shares in Hong Kong as firm tries to raise cash – BBC
- Taiwan buys Lithuanian rum that faced potential Chinese hurdles – Focus Taiwan
Trans-Tasman:
- ‘Out of touch with reality’: NSW doctor says hospital staff burnt-out, as Premier backs system – ABC
- Morrison warned about rapid test shortage months ago – The Guardian
- Covid-positive nurses are working in NSW hospitals due to severe staffing shortages – The Guardian
- Coalition’s religious discrimination bill will erode rights of people with disability, advocates say – The Guardian
- I spent a week trying to be counted as a NSW Covid case – I’ve only just succeeded – The Guardian
- PM resists calls to subsidise rapid COVID tests because ‘you can’t make everything free’ – ABC
- Bare supermarket shelves in NSW as COVID causes more shortages – ABC
- Emergency departments under extreme pressure from COVID surge – The Age
- Superannuation fund investors are reinventing capitalism and their proxy advisers are under fire – ABC
- ‘Up to half’ of NSW Covid hospital patients went in for something totally different and later tested positive in routine testing – News.com.au
- Michael Pascoe: The Great Golf Rort where Labor seats need not apply – New Daily
- Whopper Returns: Tax Office fee bonanza the latest in the privatisation of government – Michael West Media
- ‘A shambolic mess’: the only example Australia is giving the world now is how not to manage Covid – The Guardian
- How we got to the start of the 2022 mortgage rate market – 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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