Links

International Reads: Gilded Age for Billionaire Offspring as $5.2 Trillion Wealth Transfer Accelerates – Common Dreams Inflation is cooling, but most Americans say they haven’t noticed  – CBS News US Ukraine aid’s best-kept economic secret: Most of the money stays in the U.S.A.

International Reads: U.S.

International Reads: Nearly a third of Gen-Zers steal from self-checkout aisles, survey shows – CBS News This Is Biden’s Soft Landing, and He Deserves Some Credit – New Republic How inheritance data secretly explains U.S.

International Reading: Used Car Market In Turmoil As Prices Collapse And Demand Wanes – Yahoo Anheuser-Busch’s US marketing chief steps down as Bud Light sales plunge – Yahoo The market thinks the Fed is going to start cutting rates aggressively.

International Reads: Sweeping Raids, Giant Camps and Mass Deportations: Inside Trump’s 2025 Immigration Plans – NY Times Americans continue to ransack their retirement savings, survey finds – Yahoo $7.6 trillion of US government debt will mature in the next year, adding pressure on rates – Business Insider Moody’s cuts U.S.

International Reads: It’s a terrible time to be a millennial – Business Insider DoorDash warns customers who don’t tip that they may face a longer wait for their food orders – CBS News UN blasts Amazon, Walmart, DoorDash for ‘shameful’ wages and union-busting – The Guardian Food Inflation Triggers: Is It Biden?

International Reads: By Trump’s Own Standards, Bidenomics is Working – Democrats Billionaire CEO: People ‘didn’t work as hard’ when they were remote during Covid – CNN The White House is losing the messaging war on Ukraine.

International Reads: Mark Zuckerberg, Jeff Bezos, Bill Gates.

International Reads: Some Of Jeep’s Best Customers Simply Can’t Afford A Jeep Anymore – Jalopnik Autoworkers used to have lifelong health care and pension income.

International Reads: The U.S.

Local Reads: ‘Green coal’ company owned by LNP figures received $5.5m grant a week before Morrison government entered caretaker mode – The Guardian Nazi flags to be banned under new Queensland hate symbol laws.

International Reads: Millennials and boomers are competing for homes.

Local Reads: Airbnb tax rort: why is the government subsidising holiday landlords?

Global Macro / Markets / Investing: Oil prices near $100 a barrel, reflecting Saudi and Russian supply cuts.

Global Macro / Markets / Investing: Nearly all NFTs are now literally worthless after their valuation plummeted to $0 – Unilad Your NFTs Are Actually — Finally — Totally Worthless.

Reads: Wonking Out: Time, Memory and Inflation.

Reads: Saudi Arabia squeezes oil market: ‘The Fed may have to react’ – Fortune The US dollar is king again.

Global Macro / Markets / Investing: Great news!