Weekend Reading: 21-22 May 2022
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Global Macro / Markets / Investing:
- The coming food catastrophe – The Economist
- The banks collapsed in 2008 – and our food system is about to do the same – The Guardian
- Ukraine invasion could cause global food crisis – BBC
- Crypto crash leaves El Salvador with no easy exit from crisis – News Trust
- Why Tesla was kicked out of the S&P 500’s ESG index – CNBC
- The billionaires are bleeding. Elon Musk, Jeff Bezos and other top earners have lost nearly $200 billion in 2022 – Market Watch
- Melvin Capital, which took a bath on GameStop and meme stocks, to liquidate funds – Market Watch
- Age of Scarcity Begins With $1.6 Trillion Hit to World Economy – Bloomberg
- Dow drops more than 1,000 points, retailers’ profits crushed by inflation – NY Post
Americas:
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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.