Links 16 May 2022

Global Macro / Markets / Investing:

Tesla, Twitter shares drop as Elon Musk’s legal issues grow – ABC
The Meltdown of ‘stablecoin’ Terra shows an Urgent need for Regulation to Protect Consumers – Guardian Mag
How More Than $1 Trillion of Crypto Vanished in Just Six Months – WSJ
Stocks Trim Weekly Losses With Friday Gains – WSJ
Beware a Global Economy with Little Fires Everywhere – Project Syndicate
The Crypto Crisis Has Been Very Bad for White Nationalists – Vice

Americas:

Bay Area home offers ‘bunk bed pods’ for $800 a month – NY Post
National gas price average hits new record high at $4.45 per gallon – Fox Business
Biden’s attempts to spin inflation as “Putin price hike” not working: polls – News Week
Treasury Secretary Janet Yellen says Americans will likely see another year of ‘very uncomfortably high’ inflation – CNBC
White House prepares to ration vaccines as Covid funding impasse looms – Politico
Only 1 in 4 small business owners thinks Biden economy good, poll says – WND
Consumers are feeling worse about the economy again – CNN

Europe:

Russia blocks NY pension systems from dumping $300M in Moscow stocks – Fox Business
Germany to vote against EU plan to label nuclear as green but won’t sue – Politico
Turkey ‘not closing door’ to Sweden, Finland NATO entry, Erdogan advisor says – Reuters
From anti-vax to pro-Putin, how conspiracy theorists are backing Russia’s war in Ukraine – Euro News
Russia makes new threats over use of Satan-2 hypersonic nuclear missile on Britain – Independent
Sweden’s ruling party poised to back NATO bid – Reuters
Russian hackers plot to stop Ukraine winning Eurovision – Telegraph

Asia:

North Korea reports 15 more deaths from ‘fever’ amid Covid outbreak – Malay Mail
US Investment in China Surges Despite Lockdowns, Frosty Relations – Asia Financial
Some Shanghai businesses to reopen Monday, officials say – AP News
China to let banks cut lower limit of home loan interest rates – Channel News Asia
US rate hikes strain Hong Kong’s Covid-weakened economy – Free Malaysia
Shanghai to start gradually reopening malls, other firms in Covid-19 lockdown transition – Straits Times

Trans-Tasman:

Paul Keating condemns Liberal housing policy as a ‘frontal assault on the superannuation system’ – The Guardian
Coalition announces Super Home Buyer scheme at federal election campaign launch in Brisbane – ABC
Morrison unveils superannuation policy in final pitch to voters – The SMH
The Liberal Party is beyond reform. That’s why this former Liberal minister says you should vote independent – Crikey
Josh Frydenberg opposes independents’ call for public hearings and tip-offs in proposed federal Icac – The Guardian
Kooyong voters confused by Ryan voting cards ‘could be the difference between winning and losing’ – The Age
Why Australia is on the brink of losing a generation of authors – The Age
Australia led the world in COVID infections this week and the experts say ‘it’s not over’ – ABC
‘Recipe for austerity’: Cost of stage three tax cuts blows out by $22 billion in a year – The SMH
Queensland shows what happens when liberals desert the Liberal party – The Guardian
Morrison ministers overrule advice on grants – Saturday Paper
Australia’s election can’t come soon enough – Interest.co.nz
House prices in Auckland’s central suburbs and all of Wellington now lower than a year ago – Interest.co.nz

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Unconventional Economist

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.

Latest posts by Unconventional Economist (see all)

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Recent Performance*	3 years	Inception*
Tactical Growth	4.3%	6.0%
International	9.9%	10.6%

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