Global Macro / Markets / Investing:
- Moderna CEO warns people may need fourth Covid shot as efficacy of boosters likely to decline over time – CNBC
- Crypto scammers took a record $14 billion in 2021 – CNBC
- Nuclear energy backers say it’s vital for the fight against global warming. Don’t be so sure – LA Times
- South African scientist thinks she may have solved the mystery of long COVID-19, which afflicts 100 million people – The Hill
- How long can the global housing boom last? – The Economist
- Stocks Are Great for the Very Young — and the Very Old – NY Times
Americas:
- Unionized Starbucks workers walk out of Buffalo store, say health concerns not met – News Week
- Biden’s transition team is urging him to change his Covid strategy to address the “new normal” of living with the virus indefinitely, not wiping it out. – NY Times
- GOP-Controlled New Hampshire House Votes To Legalize Marijuana Possession And Cultivation – Marijuana Moment
- Indigenous communities in Mexico are replacing corn crops with cannabis – Axios
- U.S. weekly jobless claims total 207,000, higher than expected amid omicron spread – CNBC
- Majority of small businesses raising prices due to inflation, study shows – Fox Business
- Republicans look to challenge ‘Scranton Joe’ Biden on poor economic record in 2022 midterms – Fox Business
- Supply Chain Woes Prompt a New Push to Revive U.S. Factories – NY Times
- US Population Growth Stalled Due to COVID-19, Slowest on Record, Even Slower Than Great Depression – Business Insider
Europe:
- France eyes quick anti-China action to bail out Lithuania in trade war – Politico
- Britain’s stalling economy blamed on inflation and product shortages – The Guardian
- About inflation and Russian chicken farmers – Deep Econ
- France imposes a record $170 million fine on Google for making it prohibitively difficult to opt out of cookies – Front Story
- As Kazakhstan burns over inequality, the elite’s wealth is safe and sound in London – Open Democracy
- France eyes quick anti-China action to bail out Lithuania in trade war – Politico
Asia:
- Sri Lanka faces deepening crisis, could go bankrupt this year – Economic Times
- ‘China is uninvestable,’ says Bond king Jeffrey Gundlach – Yahoo
- China is investible – JP Morgan
- China: Is it burdening poor countries with unsustainable debt? – BBC
- Evergrande Gets a New Reason to Worry – Sales fall 31% in December – WSJ
Trans-Tasman:
- Bare supermarket shelves in NSW as COVID causes more shortages – ABC
- Sydney nurse quits in protest over ‘chaotic and dangerous’ hospital conditions – ABC
- NSW COVID: Nightclubs to close, surgery restricted as ‘safety measures’ brought back – The SMH
- Australian government was warned about Covid testing overburden almost a year ago – The Guardian
- ‘We have no doses’: Australian GPs say they will struggle to vaccinate children before school year begins – The Guardian
- NSW hospitals bracing for tripling of Covid patients – The Guardian
- They ‘let her rip’, and she ripped; government collapses in Australia – Michael West Media
- NSW police scrap controversial search targets after quotas rose during pandemic – The SMH
- Vaccinated man in his 20s dies from COVID as NSW Premier says too many people getting tested unnecessarily – ABC
- ‘So-called border vigilance’: PM’s tough guy act on Djokovic won’t distract from failed Covid response – The Guardian
- Supermarkets short of supply as up to half of truck drivers absent due to COVID – ABC
- NSW COVID: State predicts hospitalisations could exceed 4500 – The SMH
- Fitch affirms New Zealand’s foreign-currency IDR at ‘AA’; Outlook Positive – 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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