Global Macro / Markets / Investing:
- The fund that made $700 million on GameStop knew it was time to sell after an Elon Musk tweet – CNBC
- David Einhorn predicts inflation will cause a recession, adds new positions – CNBC
- Fed to Hike Rates in March, but It Won’t Necessarily Help Inflation – Here’s Why – Tokenist
- How Inequality Leads to Industrial Feudalism – Inet Economics
- Former traders cleared of US rate rigging – BBC
- US Federal Reserve keeps interest rate unchanged – Economist
Americas:
- The expanded child tax credit briefly slashed child poverty. Here’s what else it did – NPR
- Fiscal stimulus powers U.S. economy in 2021 to its best performance since 1984 – Reuters
- US economy grew 5.7% in 2021 in rebound from 2020 recession – ABC
- U.S. Durable Goods Orders Slump Amid Sharp Pullback In Aircraft Demand – Nasdaq
- Keep your ‘word as a Biden’ and expunge marijuana records – The Hill
- US economic growth accelerated in fourth quarter ahead of Omicron – FT
- Workplaces are filling up with employees who have COVID – KTLA
Europe:
- Polish state has ‘blood on its hands’ after death of woman refused an abortion – The Guardian
- EU launches WTO action against China over Lithuania row – AP News
- Slovenia latest EU nation hit by China for backing Taiwan – The Times
- Sweden approves plan to bury spent nuclear fuel for 100,000 years – Nasdaq
- Danish conservative parties want to exclude Muslim countries in foreign labour rules – The Local
- Poland is pushing a Russia-style law banning ‘gay propaganda’ – Xtra Magazine
Asia:
- Apple reclaims No. 1 spot in China, hits record iPhone market share in the fourth quarter – CNBC
- ‘From market’s best friend to enemy’: Asian shares plunge as US Fed nails on rate rise – The Guardian
- Record high petrol prices to persist – Asia Today
- Taiwan GDP growth fastest in decade in 2021 on strong exports – Nikkei
- Evergrande Shares Fall as Restructuring Roadmap Disappoints Creditors – CNBC
- South Korea presidential candidate’s wife threatens to jail critical reporters – France 24
Trans-Tasman:
- With Australia’s Omicron death toll mounting, the argument for a COVID royal commission grows – ABC
- Backlash grows over aged care minister attending Ashes cricket instead of Covid inquiry – The Guardian
- ‘Terrible life’: PM breaks silence on Grace – News.com.au
- AEC preparing to combat Trump-style misinformation in 2022 election – The Guardian
- Extensive reforms needed to curb corporate power in Australian politics, human rights group says – The Guardian
- ‘We predicted this’: Experts unsurprised 90pc of NT’s COVID patients are Indigenous – ABC
- ‘Covid has spread like wildfire’: 703 aged care homes across Australia battle fresh outbreaks – The Guardian
- Only one approved rapid test in Australia explicitly states it detects Omicron – The Guardian
- Predatory lending floodgates to open if credit laws aren’t tightened, warn consumer advocates – ABC
- Peter Dutton labels Vladimir Putin an ageing dictator who is becoming ‘more irrational’ – The Guardian
- Average Auckland rents increased by $17.10 a week last year – Interest.co.nz
- Grocery prices start 2022 on the climb – 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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