Global Economic Monitor 220623

(Introduction)

[Markets]

•   Global: U.S. stocks end down slightly after early boost from Powell; oil falls

※   U.S. stocks end down; MSCI global stock index also lower

※   Powell says committed to bringing down inflation

※   Dollar slips

•   Japan: Yen hits new 24-year low testing BoJ’s ultra-loose policy

•   Metals: Copper slides to 15-month low on fears of an economic downturn

•   Grains: U.S. wheat futures firm after sell-off; soybeans weak, corn mixed

•   Palm Oil: Palm Oil Wipes Out 2022 Gains on Exports Boom and Crude’s Slump

•   한국: 코스피·코스닥 또 연저점, 시총 64조 증발…환율 사흘째 연고점

•   한국: 기관도 투매 동참, '빚투' 개인 강제청산…2200선 공포 현실화되나

•   한국: 카카오, 2년 만에 시총 10위권 밖으로

[Indicators]

•   US Weekly Mortgage rates·applications(MBA): Demand for adjustable-rate mortgages surges, as interest rates make biggest jump in 13 years

•   Eurozone Jun. Consumer confidence : Euro-Zone Consumer Confidence Dips to Near Worst Since Pandemic

•   UK May CPI·PPI: UK inflation hits 40-year high of 9.1% as food prices jump

•   India Q1 Current account: India's Jan-March current account gap narrows sequentially on lower trade gap

•   한국 4월 인구 동향: 아이 울음소리 사라지겠네…출생아수 77개월째 감소

•   한국 5월 PPI: 5월 생산자물가 0.5% 상승, 다섯달째 오름세…돼지고기 21.8%↑

•   한국 6월 전국 아파트 입주전망지수: "이달 전국 입주경기 더 나빠질 것"

[News]

•   WSJ: Fed Chair Jerome Powell Says Higher Interest Rates Could Cause a Recession

※   ‘It is essential that we bring inflation down,’ he tells Congress

•   WSJ: Inflation Surge Earns Monetarism Another Look

•   WSJ: Fed’s Harker Says Some Economic Contraction Possible

•   WSJ: Fed Paper Finds Elevated Probability of Recession

※   Fed: Financial and Macroeconomic Indicators of Recession Risk

•   WSJ: Congress Unlikely to Heed Biden’s Call for Three-Month Suspension of Gas Tax

※   President says tax holiday will provide Americans some immediate relief, but many lawmakers are wary of idea

•   WSJ: High Gas Prices Hit Demand as Drivers Cut Back at the Pump

•   WSJ: Big Changes to 401(k) Retirement Plans Get Closer With Senate Vote

•   WSJ: Regulator Moves to Lower Credit-Card Late Fees That Can Rise With Inflation

•   WSJ: Russia Hits Grain Terminals in Latest Attack on Ukraine’s Food Infrastructure

•   WSJ: U.S. Gains in Push for Exception to EU Sanctions on Russian Oil

※   Europeans still question how to enforce a price cap on Russia’s shipments of the commodity to allow its continued sale globally

•   WSJ: Russia Increased Cyber Espionage Against Countries Supporting Ukraine, Microsoft Says

•   WSJ: Western Brands Are Up for Grabs in Sanctioned Russia

•   WSJ: A 5.9 Magnitude Earthquake in Afghanistan Kills at Least 1,000

•   WSJ: European Parliament Backs Broader Carbon Border Tax

•   WSJ: Do Kwon’s Crypto Empire Fell in a $40 Billion Crash. He’s Got a New Coin for You.

•   WSJ: More Companies Start to Rescind Job Offers

•   WSJ: NBCUniversal, Google Compete to Help Netflix Develop Ad-Backed Tier

•   WSJ: How Singapore Got Its Manufacturing Mojo Back

•   WSJ: Moderna’s New Covid-19 Shot Shows Promise Against Omicron Subvariants

•   WSJ: Companies Review Hedging Strategies as Strong Dollar Cuts Profits

•   WSJ: One Price Dodging Inflation: China-to-U.S. Shipping Rates

•   WSJ: Want to Understand Inflation? Check the Price of Your Haircut

•   NYT: Why the Fed Is Risking a Recession

•   NYT: Biden’s top trade negotiator defended China tariffs as an important source of leverage.

•   NYT: Linchpin of Ukrainian Defiance, a Southern City Endures Russian Barrage

•   NYT: Analysis: What Turkey Wants to Let Finland and Sweden Into NATO

•   NYT: First Pineapples, Now Fish: To Pressure Taiwan, China Flexes Economic Muscle

•   NYT: A Theft From South Africa’s President. A Silence From South Africa.

•   WP: Computer chip subsidies face a make-or-break moment in Congress

•   WP: Turkey’s Erdogan hosts Saudi crown prince, ending rift over Khashoggi murder

•   FT: Macron appeals for compromise to break political deadlock

•   FT: IEA chief warns Europe to prepare for total shutdown of Russian gas exports

※   Fatih Birol says governments should keep ageing nuclear plants open and take other contingency measures

•   FT: Energy crisis on leaders’ minds at EU summit

•   FT: European debt: risk before reward

•   FT: Bulgarian government ousted in blow to EU enlargement hopes

•   FT: Five Star party splits as Ukraine war shakes Italian politics

•   FT: Olaf Scholz says partnership with Putin’s Russia is ‘inconceivable’

•   FT: Rail chief threatens to go over union’s head on UK strikes

•   FT: Rees-Mogg asks public to say which retained EU laws they want to scrap

•   FT: Tory strategists braced for double defeats in by-elections

•   FT: The Fed’s big swing at inflation

•   FT: ‘Kamikaze’ drone strike hits oil refinery in southern Russia

•   FT: Georgians turn against government after being put in EU accession slow lane

•   FT: Philippines’ economic tsar brushes aside fears of ‘cronyism’ under Marcos Jr

•   FT: Israel’s Netanyahu prepares for comeback

•   FT: Zuma barred spy agency from investigating Guptas, inquiry concludes

•   FT: Are commodities an inflation hedge or the opposite?

•   FT: Crypto fallout delivers sharp kick to decentralised finance dreams

•   FT: Biotechs face ‘funding Sahara’ as easy money runs dry

•   FT: The corporate feud over satellites that pitted the west against China

•   FT: Ford warns of ‘significant’ job cuts as it picks Valencia for electric car plant

•   Bloomberg: US Economic Indicators Get Hard to Decipher as Recession Risks Grow

•   Bloomberg: Putin Sees Russia Oil Flows to China, India ‘Growing Noticeably’

•   Bloomberg: China, India May Be Buying More Russia Oil Than Known, US Says

•   Bloomberg: US Tariffs on China Give Negotiating Leverage, Trade Chief Says

•   Bloomberg: Senators Ask Powell to Alter Fed-Pick Process to Boost Diversity

•   Bloomberg: Long Covid Affects One in Five US Virus Patients: Survey

•   Bloomberg: EU Leaders Plan to Grant War-Torn Ukraine Candidate Status

•   Bloomberg: Italy Extends Energy Price-Hike Shield for Businesses, Consumers

•   Bloomberg: Guindos Says ECB Crisis Tool Can’t Obstruct Fight With Inflation

•   Bloomberg: Constant Cycle of Restrictions Is China’s Covid Future

•   Bloomberg: China’s Manufacturing Hub Raises Flood Alert to Highest Level

•   Bloomberg: China Vows More Pro-Growth Policies as Banks Urged to Step Up

•   Bloomberg: Xi Slams Sanctions for ‘Weaponizing’ World Economy at BRICS Open

•   Bloomberg: China Approves Plan for ‘Healthy’ Development of Fintech Sector

•   Bloomberg: Asia’s Supply-Chain Strains Start the Long Healing Process

•   Bloomberg: Sri Lanka’s Economy Has ‘Collapsed,’ Prime Minister Says

•   Bloomberg: Eskom Ramps Up South Africa Power Outages After Units Fail

•   Bloomberg: Junk Bonds Point to a 50% Chance of a Recession, Citi Says

•   Bloomberg: A Concrete Plan to Bring the Price of Oil Down Right Now

•   Bloomberg: Why Fracking Won’t Solve the Global Oil and Gas Squeeze

•   Bloomberg: Transcript: A Concrete Plan to Bring the Price of Oil Down Right Now

•   Bloomberg: Energy Prices Help Dealmakers Find a Pocket of Positives at Gulf Summit

•   Bloomberg: Global Gas Buyers Jostle for US LNG With Chevron, Ineos Deals

•   Bloomberg: Elon Musk Says New Tesla Plants Are ‘Money Furnaces’ Losing Billions

•   Bloomberg: Reliance Seeks New Technologies to Make Cheaper Green Hydrogen

•   Bloomberg: Climate Change a Factor in 'Unprecedented' South Asia Floods

•   Bloomberg: Hydrogen Startup Raises $198 Million for Plants to Produce Green Fuel

•   Bloomberg: Solar Panel Material Price Hits Highest in a Decade in China

•   Bloomberg: The World’s Bubbliest Housing Markets Are Flashing Warning Signs

•   Bloomberg Businessweek: China’s Property Slump Is a Bigger Threat Than Its Lockdowns

•   Reuters: EXCLUSIVE G7 likely to discuss Russian turbine, but may not find solution -Canada minister

•   Reuters: An early look at June U.S. jobs data suggests pickup, not slump

•   Reuters: BoE will 'act forcefully' to stem inflation, says Britain's Sunak

•   Reuters: China heatwaves drive up power demand to record levels, southern floods swamp cities

•   Reuters: EXCLUSIVE Russian oil tankers get India safety cover via Dubai company

•   Reuters: India cenbank deputy: rates hikes the only way to curb inflation - minutes

•   Reuters: Brazil's Economy Ministry tries to limit spending on fuel-related subsidies, sources say

•   Reuters: EXCLUSIVE Tesla plans 2-week suspension for most Shanghai production for upgrade - memo

•   Reuters: Meta and other tech giants form metaverse standards body, without Apple

•   Reuters: Maersk sees no let up in surging cost of shipping goods

•   Reuters: Toyota cuts July global production plan by 50,000 vehicles

•   Reuters: Electric vehicles could take 33% of global sales by 2028-AlixPartners

•   Reuters: Explainer: Could Germany keep its nuclear plants running?

•   Reuters: Analysis: Macron's EU standing takes hit from parliament mess - but who else to lead?

•   Reuters: Analysis: Corporate America looks for leeway on U.S. climate disclosures

•   Reuters: EXCLUSIVE Bidders weigh offers valuing Toshiba at up to $22 bln-sources

•   Reuters: Analysis: Italy's "drugged" construction boom hits a wall

•   AP: Cement carbon dioxide emissions quietly double in 20 years

•   AP: EXPLAINER: Why is Israel always holding elections?

•   AP: EXPLAINER: Western Balkans’ promised EU future still hazy

•   AP: EXPLAINER: Why Russia-Lithuania tensions are rising

•   CNBC: Moscow and NATO could be about to clash over Russia’s European exclave Kaliningrad

•   CNBC: Another ‘algorithmic’ stablecoin has fallen below its $1 peg — but experts say it’s not ‘Terra 2.0’

•   CNBC: World’s largest truck maker says it’s facing enormous supply chain pressure

•   CNBC: Coal investments set to rise 10% this year as nations fret over energy security

•   CNBC: Amazon demonstrates Alexa mimicking the voice of a deceased relative

•   MarketWatch: S&P 500 could slide another 33% in a 1970s-style inflation environment: Société Générale

•   Fox Business: Gas will remain above $4 despite tax holiday

•   SCMP: Explainer | 6 ways China thinks it can offset zero-Covid impact to get its economy back on track

•   SCMP: Chinese consumers exhibit more caution and price sensitivity as zero-Covid strategy fans jobs and income uncertainty: survey

•   SCMP: China inflation: Li Keqiang says ‘prudent’ economic policy, bumper wheat harvest leaves room to tackle risks

•   SCMP: China’s cash-strapped local governments accused of misusing funds as economic pressure grows

•   SCMP: US-China relations: Beijing has own ‘trade weapons’ to counter Xinjiang ‘forced labour’ law

•   Caixin: Housing Crash Forces Developers to Slash Sales Goals

•   Nikkei Asia: BOJ's fight to defend yield cap feeds weak yen cycle

•   Nikkei Asia: Japan's upper house election campaign kicks off: 5 things to know

•   Nikkei Asia: Japan halts aid for coal-fired plants in Indonesia, Bangladesh

•   Nikkei Asia: U.S. needs nimbler Asia posture to blunt China's punch: study

•   Nikkei Asia: India touted as chip investment alternative amid regional risks

•   Nikkei Asia: Analysis: Russia hand's demotion signals shift in Xi's strategy

•   매경(P1): "5년간 탈원전 바보같은 짓" 尹, 원전 생태계 부활 시동

•   매경: 925억 긴급발주로 원전中企 해갈…체력키워 '수출대국' 향한다

•   매경: 원전 현장 찾은 尹…"탈원전 폭탄 터져 폐허된 전쟁터 살리겠다"

•   매경: 기업도 '원전부활' 화답…두산, 협력사 상생 속도낸다

•   매경(P1): [단독]공기업 직원 늘리더니…1억 육박 1인당 영업이익, 작년 150만원

•   매경: 연봉 8천만원 '철밥통'…자본잠식 석탄公마저 따박따박 월급인상

•   매경: 이달중 공공기관 역대급 대수술 예고

•   매경: 정부, 호화청사 실태 조사 착수

•   매경(P1): 베트남 진출 韓기업 71% "투자 확대"

•   매경: 한·베 교역액 30년새 161배 급증…경제적으론 이미 '한배'

•   매경: "베트남 최대 매력은 내수규모·성장성"

•   매경: 곡물가 고공행진, 식량안보 비상…비축량 두달서 석달치로 늘려 대응

•   매경: 주가 바닥 아직 멀었나?…구원투수 연기금마저 돌아섰다

•   매경: 전세계 로켓 144개 발사…이젠 우주전쟁 참전할 韓기업 키울때

•   매경: "한국, 7번째 우주강국 됐지만…6등과 격차 매우 크다"

•   매경: 누리호, 적재 중량·연료 품질 北ICBM 압도

•   매경: 한국 정상 첫 나토 참석…'3분 스피치'하는 尹, 무슨 얘기 할까

•   매경: 나토서 한일 정상 첫 만남…하반기 '셔틀외교' 복원 가능할까

•   매경: 5대 코인거래소, 투자자 보호방안 만든다

•   매경: "투자확대·고용창출 효과에 법인세 낮춰도 세수 더 늘것"

•   매경: "美연준 물가 못 잡을 수도…채권 비중 높여라"

•   매경: K반도체 새엔진 용인 클러스터, 내달 14일 착공

•   매경: 삼성전자, GAA기반 3나노 반도체공정 세계 최초로 양산

•   매경: [단독] "농업계의 테슬라도 한국 온다는데"…판 커진 이 시장

•   매경: 삼성전기, 반도체 패키지기판 3천억 투자

•   매경: 7분만에 그림 256장 그렸다…그 비결은?

•   매경: 폭염 아니면 폭우…집밖에 나가기 무섭네

•   매경: [Science in Biz] '에너지 패권' 대이동…자원부국 지고 기술국가 뜬다

•   매경: [Industry Review] '부캐' 열풍에 애플 글라스까지…무르익는 메타버스 2.0

•   매경: [단독] "카카오 AI가 세계에서 얼굴 제일 잘 구별"

•   한경(P1): 인플레發 소비 부진…가전·반도체 직격탄

•   한경: "생활비도 빠듯한데…수백만원짜리 냉장고 누가 사겠어요"

•   한경: 리오프닝에 장사 좀 되나 싶더니…뛰는 물가에 유통기업들도 비상

•   한경(P1): 우주서 연락이 왔다…누리호 위성 7차례 교신

•   한경: 누리호 발사비용, 美의 20배…이젠 기업이 '로켓 재사용' 주도해야

•   한경: 韓 유인 우주선, 아직 먼 얘기…中은 2003년부터 9번 발사

•   한경(P1): 현대차·삼성전자도 앞다퉈 도입…'디지털 쪼가리' NFT의 반전

•   한경: "NFT, 이젠 실용성에 무게…자동차·부동산·스포츠로 영토 확장"

•   한경: '암호화폐 겨울'에도 가격 방어…"팬덤 강할수록 디커플링 심화"

•   한경: 유턴기업 인정 범위 확대한다

•   한경: "법인세율 낮춰도 법인세수는 계속 늘어"

•   한경: 경총 "내년 최저임금 인상 어렵다"

•   한경: 큰손들, 美주식·채권 팔아도 달러는 안 판다

•   한경: "韓, 토종 플랫폼 건재…자율규제로 방향 전환"

•   한경: "한국 반도체, 이대로는 몇 년 내에 죽습니다"…원로의 경고

•   한경: 코로나가 바꾼 창업 트렌드…지역명 가게 늘었다

•   한경: 금감원장 한마디에…"벌써 관치금융" 볼멘소리 나온 까닭

•   한경: 찬바람 부는 회사채 시장…건설사들, 차환 대신 현금 상환

•   한경: 해상운임 다시 오르자…해운주도 '꿈틀'

•   한경: "부동산 규제지역 풀리나"…대구·세종 '들썩'

•   한경: 지방 미분양 늘자, 택지매각 '삐걱'…LH "입찰 0건은 3년 만에 처음"

•   한경: "전셋값 5%만 올리면 상생임대인 해당하나요?"…문의 폭주

•   서경(P1): 치솟는 물가에…"이대론 가계부 적자"

•   서경: "월 1000만원 벌어도 이자폭탄에 돈 나갈 일만" 직장인 한숨

•   서경(P1): "법인세 방치는 황금알 낳는 거위 배 가르는 것"

•   서경: [단독] 대·중견 채용 땐 세금 더 깎아줘…중기와 공제액 차이 좁힌다

•   서경: OECD 중 韓만 법인세 '4단계 누진세율'…"과표구간 단순화·최고세율 인하 시급"

•   서경: 법인세 완화가 부자감세?…稅부담 줄면 투자·고용 모두 늘었다

•   서경: 최고세율 50%에 할증률 20%까지 '이중고'…등골 휘는 세금, 경영권 위협도

•   서경: '원유값 조정' 이틀 남았는데 협상 시작도 못해…우유대란 터지나

•   서경: 김정은, 7차 핵실험 결정했나…당 중앙군사위 확대회의 소집

•   서경: 배터리 투자 확대·美 바이오공장 인수…‘뉴 롯데’ 속도 낸다

•   서경: 늘어난 불꺼진 새 아파트…이유는 "세입자 못 구해서"

•   조선(P1): 젊은 스타트업 “A세대 고객이 미래”

•   조선: 모바일시장 큰손 4050, 넷플릭스 이용 1위

•   조선(P1): 독일 다녀온 30대 ‘원숭이 두창’ 확진

•   조선: 원숭이두창, 피부접촉 통해 전파… 호흡기 감염은 희박

•   조선: 국내 보유 두창 백신 3500만명분 달해… 치료제는 내달 도입

•   조선: 엔데믹 이후 첫 여름휴가… 국내숙소 예약 3.7배 증가

•   조선비즈: “D램 진짜 겨울이 온다” 떨고 있는 삼성·SK하이닉스

•   조선비즈: 중도금 대출 막아놓고 분양가 올린다고?… 청약대기자들 ‘한숨’

•   조선비즈: 사람들 몰리자 슬그머니…호텔 수영장 유료화하고 음식값 인상

•   조선비즈: 9월 출시될 아이폰14 프로 CPU·GPU 성능, 40%대 향상

•   조선비즈: 디지털자산기본법 이제 시작인데...코인 회계 기준 마련 속도 낸다

•   조선비즈: 고물가·고금리에 등골 휘는 자영업자들 ‘줄폐업’… 점포 매물 일년 새 6배 늘어

•   인베스트조선: "밖은 춥다더라"…자본시장 이직도 '긴축의 시대'

•   인베스트조선: 여전히 몸값 재는 상장 예정 기업들...눈 높이 낮추기 '어렵네'

•   인베스트조선: 연준 보고 놀란 가슴, 한은 보고도 '철렁'...빅스텝 우려에 코스피만 홀로 약세

•   인베스트조선: Winter is coming?…하반기 혹한 대비 나선 대기업·금융사·PE

•   인베스트조선: RE100 '스노우볼'에 늘어나는 韓기업 친환경세 청구서

•   동아(P1): 식재료값 반년새 5배… ‘73% 인플레’에 신음

•   동아(P1): 김포~하네다 하늘길 29일부터 다시 열린다

•   동아: [단독]“北, 핵탄두 매년 5~10기 만들 능력 갖춰… 이미 20기 이상 보유”

•   동아: “외식 배달앱 지웠어요”… 부모님 집서 반찬 공수

•   한국: [단독] 존리 또 드러난 '수상한 투자'... 간접 수익만 최소 수억원

•   국민(P1): “벼락거지 면하려다… 목돈 다 날렸어요”

•   세계: [단독] 한·일 상의 회장단회의 5년 만에 열린다

•   경향(P1): 블레어 “이념적 접근은 구식…실리에 해답 있다”[경향포럼]

•   머니투데이(P1): 당정, 삼성 평택 찾아 "세금도 못 깎아주는 건 문제"

•   머니투데이: 주유소 하나에 규제가 100개…태양광 발전 충전소는 '꿈 같은 일'

•   머니투데이: "툭 하면 발전 중단" 제주도의 교훈...재생에너지, 넘쳐도 문제

•   머니투데이: 예상보다 더 커진 GTX 판…중심지·거리 빼고 연계 기준 넣었다

•   헤럴드경제(P1): 자영업 대출 40.3% ↑…취약차주 내년 더 위험

※   한국은행: 「금융안정보고서」(2022년 6월)

•   헤럴드경제(P1): 파리 간 韓총리 “한전, 자체 개혁할 부분 많다”

•   파이낸셜뉴스(P1): "엔데믹 패권 잡아라"... 기업들 兆단위 베팅 [엔데믹 시대, 재도약하는 기업]

•   아시아경제(P1): 움츠리는 기업들…고용한파 온다

•   아시아경제(P1): ‘공룡부처’ 견제론에…동력 잃는 산업부 ‘원전수출국’

•   아시아경제(P1): "트리플악재도 버거운데"…산업계, 최악의 '하투' 예고에 신음

•   아시아경제: 삼성 반도체 부문이 'LED 기술' 챙기는 이유

•   디지털타임스(P1): 반도체 주춤거리자… 제동걸린 수출한국

•   디지털타임스: 정부부처에 휘둘리는 전기委… "금통위 같은 인력·지위 보장해야"

•   이데일리(P1): 10곳 중 3곳 역성장하거나 적자…기업 덮친 S공포

•   이데일리: '실적악화' 흐름, 계속간다…기업들 '투자계획 전면유보' 가능성

•   이데일리(P1): "폐배터리·폐플라스틱이 돈인데"…시장 또 놓칠라

•   이데일리: 中 재활용 기업 4만개인데…韓 배터리는 지자체로 귀속

•   이데일리: 인기 시들? 투자수요 유입?…'분상제 개선' 청약시장 영향은?

•   이데일리: 탄소감축의 핵심기술 'CCUS'…포집해도 활용은 '먼길'

•   연합: 오후 9시까지 전국에서 7053명 확진…어제보다 1499명 줄어

•   연합: 북 "전방부대 작전임무 추가·작전계획 수정"…전술핵 가능성

•   연합: 월급 1억원 넘는 직장가입자 3천302명…건보료는 365만원

•   연합: 폭염에 전력 공급예비율 연중 최저…"올여름 전기요금 어쩌나"

•   연합: 내년 최저임금 논의 계속…경영계 최초 요구안 제시할듯

•   연합: 등록임대사업자도 '상생임대인' 혜택받는다…2년 거주 면제

•   e대한경제: [단독] 시멘트 '원가연동제' 도입할까...일본은 9월 시동

•   전자신문(P1): 머스크의 스타링크 "내년 韓 시장 진출"

•   전자신문(P1): 비트코인 채굴상위 20개 업체, 4271개 매각

•   전자신문: [스페셜리포트/반도체특위 출범]정부여당 '반도체 인재론' 열풍....야권은 '신중론'

•   전자신문: [스페셜리포트]산업계 "반도체 특위, 인력양성부터 규제 개선 '구심점' 돼야"

•   전자신문: 136→138→136곳…카카오 '계열사 다이어트' 지지부진

•   전자신문: "올해 세계 반도체 시장 상향 조정…10%대 성장"

•   전자신문: 공급망 대란도 버거운데 사이버 공격까지...제조업 보안 비상

[Opinions]

•   Project Syndicate(Yanis Varoufakis): Inflation as a Political Power Play Gone Wrong

•   Project Syndicate(Michael J. Boskin): It’s the Inflation, Stupid

•   Project Syndicate(Shang-Jin Wei): Making Higher Oil Prices a Win for American Households

•   Project Syndicate(Jean Baderschneider): The Coming Green Hydrogen Revolution

•   Project Syndicate(Andrés Velasco): Fact-Checking the Deglobalization Narrative

•   FT(Editorial Board): Latin America’s political tumult will last until its economies reform

•   FT(Tony Barber): Putinism delays a reformist turn in the cycle of Russian history

•   FT(Henry Foy): Ukraine war underscores need for permanent Nato eastern defences

•   FT(Ian Harnett): The big risk to equities now is earnings, not valuations

•   FT(Charley Ellis): Worries about the dominance of big three index trackers are wrong

•   FT(Charles Calkin): Frozen tax allowances and inflation chill investors

•   FT(Alan Beattie): Britain’s trade relationship with the EU is needlessly dysfunctional

•   FT(Lex): China food inflation: pork is the make or break factor in controlling prices

•   FT(Lex): Corporate debt: leveraged loan holders pray for a soft landing

•   WSJ(Editorial Board): A Gas Tax Holiday From Reality

•   WSJ(Editorial Board): A Woke Mandate for the Federal Reserve

•   WSJ(Editorial Board): Jerome Powell Takes a Pounding

•   WSJ(Thomas J. Sargent, William L. Silber): Volcker, Powell and the Price of Amnesia

•   WSJ(Daniel Henninger): The Revenge of the Locked-Down Voters

•   WSJ(Karl Rove): Biden Got the Energy Market He Wanted

•   WSJ(David R. Henderson, Casey B. Mulligan): Biden Is Practically Engineering a Recession

•   WSJ(Max Raskin): Don’t Believe the Obits for Bitcoin

•   WSJ(William Nattrass): Economy Strains Eastern Europe’s Support for Ukraine

•   NYT(Peter Coy): Are Large Corporate Profit Margins Causing Inflation?

•   NYT(David Wallace-Wells): What’s Worse: Climate Denial or Climate Hypocrisy?

•   WP(Henry Olsen): Macron lost his parliamentary majority. That shouldn’t be surprising.

•   WP(George F. Will): Business beware, ‘stakeholder’ capitalism is parasitic progressivism

•   WP(Josh Rogin): Restricting U.S. oil exports would betray European allies and benefit Russia

•   WP(Charles Lane): A gas puzzler: If Biden ran Big Oil, what would he do differently?

•   Bloomberg(Bill Dudley): The US Economy Is Headed for a Hard Landing

•   Bloomberg(David Fickling): The Rich-Poor Divide on Clean Power Is Getting Wider

•   Bloomberg(Shuli Ren): The College Graduates Too Precious to Work in a Factory

•   Bloomberg(Liam Denning): Biden’s Gas Tax Holiday Won’t Save Summer

•   Bloomberg(Jared Dillian): Oil Is in Another Bear Market - and for Good Reason

•   Bloomberg(Clara Ferreira Marques): For Colombia’s New Leader, Winning Was the Easy Part

•   Bloomberg(Javier Blas): OPEC+ Is Running Out of Capacity to Pump More Oil

•   Bloomberg(Paul J. Davies): The Hidden Cost of Saving UK Taxpayers Billions of Pounds

•   Bloomberg(Jonathan Levin): Powell Finally Has Markets Right Where He Wants Them

•   Bloomberg(Virginia Postrel): Stakeholder Capitalism Isn’t Working as Planned

•   Bloomberg(Allison Schrager): Inflation Ate Your Free Lunch, But You’re Still Better Off

•   MarketWatch(Peter Morici): Stagflation will be the Fed's biggest worry