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:
- Mitt Romney and fellow Republicans introduce bill that would stop Biden from canceling student loan debt – Business Insider
- GOP rep who outed Biden for border shipment votes against baby formula bill – News Week
- Economic Optimism Has Collapsed Under Build-Back-Better-Biden – Issue Insights
- Unemployment benefit claims in the U.S. are at a 16-week high – Techno Science
- Existing home sales fell in April to the lowest level since the start of the pandemic – CNBC
- Fannie Mae Downgrades Housing, Origination Forecast – DSNews
- ICE Is Tracking Your Every Move – Jacobin Mag
- House approves bill to combat gasoline ‘price gouging’ – PBS
Europe:
- Russia Says Half of Gazprom Clients Abroad Opened Ruble Accounts – Bloomberg
- Denmark, Netherlands, Germany and Belgium sign €135 billion offshore wind pact – Euractiv
- We’ll defend Sweden, Finland if attacked during NATO accession – Politico
- European Parliament endorses demands for Gerhard Schröder to be added to the EU sanctions list and for the creation of a new Strategic Autonomy Fund for Europe – Renew Europe
- We Should Say It. Russia Is Fascist. – NY Times
- Obese set to outnumber healthy British adults within five years – The Times
- Portugal wants to start taxing cryptocurrencies, says finance minister – Euro News
Asia:
- China’s Stimulus Tops $5 Trillion as Covid Zero Batters Economy – Bloomberg
- Asian companies to ramp up petrol exports to US as sky-high prices beckon – Business Standard
- China Planning to Replenish it Strategic Oil Reserve With Cheap Russian Oil – Minance
- Chinese Developers Get State Help to Tap Bond Market – WSJ
- Canada bans Chinese tech giant Huawei from 5G network – CBC
- China Insists Party Elites Shed Overseas Assets, Eyeing Western Sanctions on Russia – WSJ
- Is Studying Overseas Losing Its Allure for Chinese Students? – SixtoOne
Trans-Tasman:
- Hundreds of millions of dollars in JobKeeper went to a group of private schools that grew their surpluses to almost $1 billion – ABC
- Election rules to change to ensure all Australians with COVID can vote – ABC
- Why the Morrison government does not deserve another term – The SMH
- The Australian election map has been lying to you. – ABC
- Cattle industry’s environmental impact sparks academics’ call for Australians to eat less beef – ABC
- Labor to set up independent environmental protection agency and restore ‘trust and confidence’ – The Guardian
- Chinese Australians say Coalition’s rhetoric on Beijing could see voters ‘switch from Liberal to Labor’ – The Guardian
- ‘Devastating’: Households suffer biggest real wages cut since 2001 – New Daily
- Cost of living payment the big news from the Budget – 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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