Weekend Links 22-23 January 2022
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‘Tritons’ Rupert Bunny, 1890, Art Gallery of NSW
Macro & Markets
- Fed may run fast on long road to normal balance sheet – Reuters
- Great disconnect: The world may not be ready for looming economic trouble – Ninefax, El-Erian
- The Oil Market Is At The Whim Of Geopolitical Disputes – OilPrice
- Why the global middle class is in revolt – New Statesman
- Central Banks Face a Moment of Truth on Crypto – Bloomberg
- As inflation breaks records, $100 oil is also looming – Reuters
- IMF sees cost of COVID pandemic rising beyond $12.5 trillion estimate – Reuters
- Inflation’s Biggest Risk Is Geopolitical Unrest – Bloomberg
- Billionaire investor says historic sharemarket crash is ‘nearly certain’ – Ninefax
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Americas
- Big U.S. banks say spending patterns show consumers are in good shape – Reuters
- U.S. lawmakers urge USTR to expand tariff exclusions on Chinese goods – Reuters
- Yellen says Fed, Biden administration will take steps to control inflation – Reuters
- Five ways the U.S. housing market stood apart in 2021 – Reuters
- Americans Aren’t Bothered About Grocery Inflation — Yet – Bloomberg
- After Biden’s first year, the US economy is surprisingly healthy. His prospects are not – Guardian
- Biden finds inflation overshadows strong economy – AP
- U.S. to set ‘common goals’ on Indo-Pacific economic cooperation in early 2022 – Reuters
- Yellen: Biden pandemic relief ‘like a vaccine’ for economy – AP
- Biden’s offshore wind plan is also a jobs plan – Vox
- When Did Crypto Become Republican? – Slate
- The Trouble with Argentina – Project-Syndicate
- Why Canada may yet be an energy superpower – Financial Post
- Few signs of labour union resurgence, despite rising prices and worker shortages – CBC
- Canada’s inflation rate rises to new 30-year high of 4.8% – CBC
- One year on, Biden’s ‘worker-centred’ trade policy leaves a lot to be desired – SCMP
- Real estate is the most ‘zombified’ sector and rate hikes will be a big risk, says consultancy – CNBC
Asia
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- China population: demographic window of opportunity ‘will shut soon’ as births drop, ageing crisis deepens – SCMP
- China’s ‘common prosperity’ agenda shows every sign of backfiring – Ninefax
- China balks at Biden’s insistence on maintaining Trump-era tariffs, while think tank urges ‘recoupling’ – SCMP
- How to Withstand China’s Property Meltdown – Bloomberg
- China cuts key rates, steps up monetary stimulus to boost economy – Reuters
- China’s demographic dividends to end soon, expert warns – Reuters
- China balks at Biden’s insistence on maintaining Trump-era tariffs, while think tank urges ‘recoupling’ – SCMP
- China ‘not interested’ in becoming world’s No 1 economy or global hegemony, says vice foreign minister – SCMP
- China’s Got Problems, But Inflation Ain’t One – Bloomberg
- Japan’s imports hit record highs on surging energy prices – AP
- The Magical Land of Low Inflation and No Rate Hikes – Bloomberg
- Yen’s lost decades: Japanese buying power sinks to near 50-year low – Nikkei Asia
- Chinese banks’ offshore debt shows impact of Evergrande crisis – Nikkei Asia
- China’s factories face ‘rather large’ downward pressure in the first quarter, official says – CNBC
- Japan’s inflation hovers around 2-year high, BOJ flags price pressure – Reuters
Europa
- Why a gas pipeline in Russia could affect your phone bill – BBC
- US accuses Russia of conspiring to take over Ukraine government – Guardian
- Biden lays bare Nato divide over Russian aggression against Ukraine – Guardian
- Kamala Harris insists US will respond aggressively on Ukraine after Biden flub – Guardian
- UK state pension systems not fit for purpose – MPs’ report – Guardian
- Keynes warned the world against using economic sanctions. His alternative is worth considering – Guardian
- Millions face second record energy price hike this year, analysts warn – Guardian
- Russia, Ukraine warm to Turkey helping ease tensions -Turkish sources – Reuters
- In Ukraine crisis, Germany faces tough decisions over gas pipeline – Reuters
- Security scanners across Europe tied to China govt, military – AP
- How sweeping EU rules would curb tech companies – AP
- How the Euro Divided Europe – Project-Syndicate, Varoufakis
- UK sees record job creation but inflation squeezes wages – Reuters
- ‘In the Name of God, Go’ – The Atlantic
- Less (or more) than zero: Zero-hours contracts in the UK – VoxEU
- Britain braces for big rise in fuel poverty – Reuters
- Antony Blinken says Russia risks crisis ‘with global consequences’ – DW
- Germany: Soaring inflation will hit the most vulnerable – DW
- Why Germany refuses weapons deliveries to Ukraine – DW
- Europe’s gas crisis: Could LNG help boost energy security? – DW
- Russia sanctions: How to punish Moscow over Ukraine threat? – DW
- How Europe is hooked on Russian gas – New Statesman
- European natural gas imports – Bruegel
- German big business piles pressure on Lithuania in China row – Reuters
- Bank of England to raise rates again in February as inflation surges – Reuters
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Terra Specufestor
- World-first hydrogen tanker arrives in Victoria to test potential for exporting fuel source to Japan – ABC
- Westpac forecasts RBA rate rise by August, mortgage borrowers to face $103 monthly hit – ABC
- World’s first hydrogen ship docks in Australia, raising hope for a new industry – Ninefax
- Chronic staff shortages, 2am starts and extreme anxiety: inside a Coles supermarkets supply warehouse – Guardian
- WA’s offshore gasfields pay almost no royalties and stoke carbon emissions, report finds – Guardian
- ‘Code red’: Melbourne businesses say Omicron wave more damaging than lockdown – Guardian…they should send a card of thanks to Mad Gladys and Toxic Morrison….
- Digital mortgage battle to erupt as fintechs eye home loans – Ninefax
- Grants corruption rolls on, with bias in bowls too – New Daily
- Jobless rate plunges to 13-year low – New Daily
- Scott Morrison’s ministerial team looks far from match-fit – The Conversation…ScoMo’s Ministerial team has the 7th cavalry at Little Big Horn look about it…
- They ‘let her rip’, and she ripped; government collapses in Australia – Michael West
- Housing affordability plunge: radical policy the only answer – Michael West, Steve Keen
- Token taxes: the gas industry’s great royalties ripoff – Pearls & Irritations
…and furthermore….
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- Fed kicks off debate on issuing its own digital currency with new white paper – Reuters
- Russia proposes ban on use and mining of cryptocurrencies – ABC
- How to read the Doomsday Clock – BBC
- Where Were You When They Came for the Hamsters? – Bloomberg
- ‘The treeline is out of control’: how the climate crisis is turning the Arctic green – Guardian
- Some athletes advised to use burner phones in Beijing – Reuters
- Economics ripe for a post-pandemic shake up as COVID kills old assumptions – ABC, Janda…economics as we currently know it, is more belief system than field of study…
- Fed study on digital currency leans toward role for banks – AP
- New vehicles to be rated on how they make drivers stay alert – AP
- Global FDI surged past pre-Covid levels in 2021 but recovery remains uneven, Unctad says – The National News
- Lumber Prices Are off the Rails Again. Blame Climate Change. – The Atlantic
- ‘Spirit of Innovation’ breaks speed record for all-electric aircraft – The National News
- Video might kill the radio star: Digitalisation and the future of banking – VoxEU
- The populist damage to the trading system – VoxEU
- Trying to account for the decline in the labour share – VoxEU
- Ukraine crisis highlights superpowers’ quarrel over spheres of influence – Nikkei Asia
- Decarbonizing shipping will cost ‘$1.5tn over 20-30 years’ – Nikkei Asia
- Who Is Winning the Trade War? – Project-Syndicate
- Oxfam: 10 richest men in the world doubled wealth amid COVID pandemic – DW
- Why a four-day week makes sense for businesses and the economy – New Statesman
- What the Thucydides Trap gets wrong about China – New Statesman
- Oil producers are flush with cash. Now what will they do with it? – CBC
- Headstrong girls and dependent boys: Gender differences in the labour market returns to child behaviour – VoxEU
- Worldwide demand for solar panels presents ‘global warming risk’ through aluminium production – ABC
- Coronavirus: the Omicron variant is less severe but it’s not ‘nature’s vaccine’ – SCMP
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