Global Macro / Markets / Investing:
- Exxon Sees Massive $5.5 Billion Refinery Windfall as Prices Jump – Bloomberg
- Goldman Sachs says political scare ads highlighting inflation could stoke high prices even higher – Fortune
- Return To The Office? CEOs Learn To Love Remote Workers, For Now – Investors
- Africa’s desperate hunger: Ukraine war pushes Somalia toward famine – Washington Post
- Banks Get Burned by Risky Debt, Imperiling Buyout Activity – WSJ
- Disinflation begins – Noah Opinion
- Mark Zuckerberg plans virtual domination – MSNBC
- ‘Perfect storm’ of crises is widening global inequality, says UN chief – The Guardian
Americas:
- Bezos slams Biden’s call to cut gas prices – Fortune
- Bezos: ‘Inflation is far too important to keep making statements like this’ – Daily Mail
- Gas Prices Test American Appetite for New Cold War With Russia – WSJ
- Brazil sets new six-month Amazon deforestation record – France 24
- Average car payment hits record $712/month as new, used car prices continue to climb – MSN
- There is no more retirement’: Inflation pushes seniors back into the workforce – Yahoo
- Argentina economy minister resigns, as inflation reaches 60%. – Reuters
- The OECD’s global minimum tax rate will cost US companies – The Hill
- Long, Moderate and Painful: What Next US Recession May Look Like – Bloomberg
Europe:
- What Is the Use of European Sanctions Against Putin’s Russia if They Mainly Sanction the Europeans? – Medium
- Ukraine says Turkey has detained Russian grain ship: Report – Politico
- German road traffic agency says 59,000 Tesla vehicles have software glitch – CNBC
- Ukraine Has Exposed Russia as a Not-So-Great Power – The Atlantic
- Germany’s Union Head Warns of Collapse of Entire Industries – Bloomberg
- Recession Unease Sends Pound Crashing to Worst Quarter Since ‘08 – Bloomberg
- The Kremlin’s secrecy of economic data. – Carnegie Endowment
Asia:
- $6 billion of missing deposits in China and how protests are being suppressed – Yield Drive
- Chinese developer Shimao misses repayment on $ billion offshore bond – Nikkei
- China casts giant shadow over emerging nations’ chase for debt relief – Reuters
- China and Russia seek to bring Iran, Saudi Arabia into SCO and BRICS – News Week
- Japan’s Secret to Taming the Coronavirus: Peer Pressure – Japan Times
- India Slaps Windfall Tax on Oil Firms, Hitting Reliance Shares – Yahoo
- Hong Kong’s ‘new chapter’ under John Lee calls for reflecting on tumultuous past – SCMP
Trans-Tasman:
- ‘Everybody is confused’: Humanities students hit with surprise fee hikes – The SMH
- ‘People are still dying every single day’: Qld hospitals strained once more with COVID – Brisbane Times
- We’re having yet another deadly weather event meanwhile Australian fossil fuel subsidies surge to $11.6 billion in 2021-22 – Australia Institute
- Allan plans to pass on the interest rate hikes to his tenant. Here’s why – ABC
- Albanese visits war-ravaged towns in Ukraine – The SMH
- Perth Is the New Meth Capital of Australia – Vice
- 50,000 Victorians per day using Foodbank services – The Age
- Australia made an app for incoming travellers. Everyone hates it – Crikey
- Could the heart of Australia’s Bible belt be losing its religion? – ABC
- South-west Sydney prepares for flooding as region receives four times usual July rainfall in one day – ABC
- Australia’s 10,000 deaths and the paradox of ‘Covid normal’ – The Guardian
- RBNZ: NZ investors would have been justified in going all-in just on buying houses – Interest.co.nz
- It’s now a crisis of confidence, say Kiwibank economists – Interest.co.nz
- Lowest June sales since 2010 for Barfoot & Thompson – 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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