Global Economic Monitor 220930

(Introduction)

[Markets]

•   Global: Wall Street ends down sharply; investors fret over economy

※   S&P 500 index touches nearly two-year lows

※   Airlines, cruises fall on cancellations due to Hurricane Ian

※   CarMax slumps after missing second-quarter expectations

※   Indexes end: S&P 500 -2.11%, Nasdaq -2.84%, Dow -1.54%

•   China: As Yuan Hits New Lows, China Responds With Restraint

•   Metals: Aluminium and nickel prices jump on possible LME ban on Russian metal

•   Grains: Soybeans firm on exports, mixed harvest results

[Indicators]

•   US 2021 GDP(rev.): US Economy Ended 2021 on Firmer Footing, Annual Revision Shows

•   US Weekly Jobless claims: U.S. Jobless Claims Hit Lowest Level in Five Months

•   US Weekly Mortgage rates(Freddie Mac): Mortgage Rates Rise to 6.7%, Highest Since 2007

•   Eurozone Sep. Economic sentiment: Euro-Area Economic Confidence at Lowest Since 2020 Amid Gas Woes

•   Germany Sep. CPI: German inflation hits 70-year high as economists warn of deep recession risk

※   September figure of 10.9% comes as institutes outline how gas shortages could hit growth in 2023

•   India Q2 Current account: India's current account gap widens in Q1 on back of rising trade deficit

•   India Jun. External debt: India's external debt up 7.3 per cent in June

•   Vietnam Q3 GDP: Vietnam Economy Posts Double-Digit Growth on Manufacturing

•   Mexico Benchmark rate: Bank of Mexico Raises Interest Rates for 11th Straight Time

[World]

•   WSJ: Escalation of Ukraine War Effort Raises Risks to Russia’s Putin at Home and Abroad

•   WSJ: Russian Borders Swamped as Putin’s Draft Order Sparks Exodus

•   WSJ: Putin to Sign Decree Annexing Ukrainian Regions on Friday

※   Moscow, failing to reverse Ukrainian gains on the battlefield, continues to target civilian infrastructure

•   WSJ: Electric Shock, Extortion and Slave Labor: How Russia Ran a Detention Camp in Occupied Ukraine

•   WSJ: Central Banks May Stoke Risks by Raising Interest Rates Together

•   WSJ: Why Are Companies Still Hiring When GDP Is Shrinking?

•   WSJ: Developing Countries Face Stiff Economic Headwinds, World Bank Chief Says

•   WSJ: Trump Gets Reprieve on Lodging Objections to FBI’s Mar-a-Lago Inventory

•   WSJ: Senate Approves Stopgap Bill to Fund Government, Provide More Ukraine Aid

•   WSJ: Small Pacific Islands Leaders Wooed With White House Summit, Assistance

•   WSJ: How the U.S. Is Making a Bottom-Up Recovery

•   WSJ: NATO Formally Blames Sabotage for Nord Stream Pipeline Damage

•   WSJ: U.S. Imposes Sanctions on Chinese Firms It Accuses of Helping Iran

•   WSJ: Iran Protests Feature Smaller Gatherings, Rooftop Chanting as Crackdown Intensifies

•   WSJ: India Needs More Than Reserves to Fight the Fed

•   WSJ: Investors Fear Bond-Market Turmoil Is Entering a New Phase

•   WSJ: Pension Strategy Left Funds Vulnerable to Rate Increases

•   WSJ: S&P Says Global Credit Conditions Likely to Weaken

•   WSJ: Amazon Raises Pay for Hourly Employees as It Prepares for Holidays

•   WSJ: Mark Zuckerberg Freezes Hiring at Facebook-Parent Meta

•   WSJ: Micron Issues Another Muted Outlook After Missing Expected Sales Results

•   WSJ: Less Growth Seen for 2023 U.S. Ad Spending

•   NYT: U.S. Economy Weaker Than Thought in Year’s First Half, by One Measure

•   NYT: New Infectious Threats Are Coming. The U.S. Probably Won’t Contain Them.

•   NYT: Even as Oil Prices Ease, U.S. Keeps Tapping Strategic Reserve

•   NYT: Fed Announces Plan to Assess Climate Risks to Banks

•   FT: Germany deploys ‘economic clout’ with €200bn energy aid package

※   Chancellor unveils ‘protective shield’ to force gas and electricity prices down for businesses and consumers

•   FT: BoE under pressure over pensions ‘time-bomb’

•   FT: The IMF’s arrears lending policy: Just Use It

•   FT: Europe’s energy plan: is it enough to get through winter?

•   FT: ‘Told you so’: EU struggles to contain Schadenfreude at UK tumult

•   FT: Nord Stream gas leaks examined by scientists for climate damage

•   FT: Macron buckles on raising France’s retirement age in budget bill

•   FT: French state picks new boss for embattled EDF

•   FT: Europe faces ‘severe risks’ to financial system, regulators warn

•   FT: What we know about the damage to Baltic Sea gas pipelines

•   FT: Spectre of return to austerity raises alarm in Whitehall

•   FT: Truss faces growing Tory pressure as Labour opens 33-point poll lead

•   FT: Kwarteng must publish UK economic forecasts by end of October, senior Tory urges

•   FT: Pressure builds on Truss to do a deal on Northern Ireland

•   FT: China takes a back seat as Xi’s coronation looms

•   FT: Turkey’s tough talk on Greece fuels Aegean tensions

•   FT: Electric vehicle push prompts ‘reinvention’ at car parts suppliers

•   FT: China’s military companies seek new backers and the metaverse gets bigger

•   FT: US oil industry braces for recession

•   FT: China’s Big Fund corruption probe casts shadow over chip sector

•   Bloomberg: Ian’s Aftermath Even Harder to Fix With Supply Chain in Tatters

※   Labor shortages, transportation logistics seen causing issues

•   Bloomberg: Summers Says Global Market Risk Is Building Like in August 2007

•   Bloomberg: Powell Ducks Elizabeth Warren’s Request for Fed Officials’ Trading Records

•   Bloomberg: Fed Officials Reinforce Rate-Hike Calls, Say Markets Got Message

•   Bloomberg: Fed’s Daly Says Deep Recession Not Needed to Curb High Inflation

•   Bloomberg: Fed’s Mester Says Rates Need to Keep Rising to Reduce Inflation

•   Bloomberg: Inflation Fears Have More US Workers Pushing Off Retirement

•   Bloomberg: New Antitrust Bill Will Bolster US Fight Against Tech Giants With Small Reforms

•   Bloomberg: German Economy Seen Shrinking Next Year Due to Energy Crisis

•   Bloomberg: ECB’s Simkus Says He Favors Three-Quarter-Point October Hike

•   Bloomberg: ECB’s Centeno Warns Against Going Too Far in Raising Rates

•   Bloomberg: UK Becomes Net Electricity Exporter for First Time in 12 Years

•   Bloomberg: BOE’s Pill Sees Need for Significant Response to UK Fiscal Plan

•   Bloomberg: China’s Fourth Quarter Key to Economic Recovery, Premier Li Says

•   Bloomberg: China’s Fiscal Stimulus Exceeds 2020 Levels, Barclays Says

•   Bloomberg: China Vows to Speed Up Delayed Homes With Special Loans

•   Bloomberg: China’s Latest Mortgage-Relief Seen Benefiting Over 20 Cities

•   Bloomberg: Russia’s Secret Spending Hides Over $110 Billion in 2023 Budget

•   Bloomberg: Bolsonaro, Lula Prep for Final Debate Before Tense Brazil Vote

•   Bloomberg: Indonesia’s Parliament Approves 2023 Budget Amid Price Pressure

•   Bloomberg: Indonesia to Cut Dollar Reliance With Rupiah Near Two-Year Low

•   Bloomberg: Wall Street and Main Street Bail on Stocks With Fed Enemy No. 1

•   Bloomberg: China’s Race to Avoid a Wall Street Ban Is Off to a Tense Start

•   Bloomberg: China Has $340 Billion of Sovereign Bonds to Sell by Year End

•   Bloomberg: Yuan at the Mercy of Overseas Traders Puts China on Alert

•   Bloomberg: SoftBank Planning Vision Fund Staff Cuts of At Least 30%, Sources Say

•   Bloomberg: Foxconn Starts EV Production in US With First Lordstown Pickups

•   Bloomberg: How Is Crypto Affecting The Climate?

•   Bloomberg: China to Host Almost a Third of the World’s New Coal Mines

•   Bloomberg Businessweek: The Unstoppable Dollar Is Wreaking Havoc Everywhere But America

•   Bloomberg Businessweek: Jay Powell Needs Investors to Lose Money Until Inflation Comes Down

•   Bloomberg Businessweek: Covid, Ukraine War Underscore New Era of Government Spending

•   Reuters: Exclusive: Europe braces for mobile network blackouts

•   Reuters: Exclusive: China's state banks told to stock up for yuan intervention

•   Reuters: How the CIA failed Iranian spies in its secret war with Tehran

•   Reuters: Myanmar court jails Suu Kyi, Australian economist for 3 years - source

•   Reuters: IEA Birol: "very obvious" who was behind the Nord Stream sabotage

•   Reuters: OPEC+ has begun talks on output cut at Oct. 5 meeting - OPEC source

•   Reuters: Analysis: U.S. has no appetite to intervene on behalf of falling pound, yen

•   CNN: Meta is using AI to generate videos from just a few words

•   CNBC: Erdogan says Turkey will keep cutting interest rates, mocks British pound

•   CNBC: Inflation has yet to peak, CFOs say, and recession is already here or soon to hit

•   CNBC: How a decline in some Google searches shows retail investors are leaving the market

•   MarketWatch: Apple stock may not be a ‘safe haven’ for much longer, Bank of America warns in downgrade

•   MarketWatch: Most economists see the U.S. turning into a buyer’s housing market in 2023. Here’s where you’ll see the biggest declines in value.

•   Fox Business: Economist details what could bring down America's red-hot real estate prices

•   SCMP: China’s ‘erratic policy shifts’ have some companies wondering how much more they can take

•   SCMP: China’s common prosperity drive for shared wealth to get fresh push as ‘strategic goal’ during party congress

•   SCMP: China economy: financial distress of local governments raises debt-default risks, weighs on average Chinese

•   Nikkei Asia: Japan reaches deal on emergency LNG supplies from Petronas

•   Nikkei Asia: East Asia economies eye rebound after ending COVID travel curbs

•   Nikkei Asia: Japan's Mitsubishi Heavy to develop safer nuclear reactor

•   Nikkei Asia: Chipping in: How U.S. states woo the likes of TSMC and Samsung

•   Economic Times: Monetary Policy: How key economic indicators shaped up since MPC’s August review meet to policy decision tomorrow

[Korea]

•   대통령실: [단독] 금융시장 초토화됐는데…대통령실에 금융당국 파견 0명

•   당정협의회: 당정, 해외입국자 PCR 검사 다음주부터 폐지키로

•   국민의힘: “잃어버린 5년의 잘못 바로잡겠다”

•   민생경제안정특위: 화물차 안전운임 확대땐 물류 부담 수조원 '쑥'

•   정무위(강병원): [단독]건보료도 카드수수료…“민간보험과 형평성 어긋나”

•   정무위(송석준): 전세대출 못갚는 세입자…알고보니 절반이 2030

•   정무위(양정숙): 금감원 올해 민원 2만2천건…분쟁조정위 회부는 4건 불과

•   정무위(윤주경): "카톡 교환권 상품 품절시 현장환불…스타벅스 첫 적용"

•   정무위(윤창현): [단독] SGI서울보증, 사잇돌대출 '4.6조' 방치...서민대출 60% 축소

•   정무위(윤창현): "대답 없는 금융위, 피 마르는 핀테크"…바늘구멍 된 샌드박스

•   금융위: ‘공매도 금지’ 비정상이라더니 또 들고나온 금융위…어설픈 구색 맞추기?

•   금융위: 돈 싹 빼가기 쉬운 오픈뱅킹…개설후 3일간 이체 금지

•   금융위: 주식 미리 사놓고 "이 종목 매수해라"…불법 리딩방 덜미

•   금융위: 17곳만 자사주 일일 매입한도 넘겨…주가부양 취지 무색

•   금융위: [탐사K/론스타ISDS]⑫ 판정원문, “금융당국, 재량권 남용·위법·사익 추구”

•   금감원: 회사채 안팔리고 IPO 줄고…기업 돈가뭄

•   금감원: [단독] `민원 자체해결` 금융사에 인센티브…당국 집계서 제외한다

•   산은: 생보사 매력 잃었는데… KDB생명 매각 안갯속

•   신복위: “코로나 실직에 빚의 굴레서 허덕… 신복위 채무조정으로 두 번째 삶”

•   금융시장: 코스피, 급락장세 일단 진정…강보합 마감

•   금융시장: 반대매매 뇌관 터지나…개인투자자 깡통계좌 13년만에 최대

•   금융시장: CDS프리미엄 연중 최고…외평채 부도위험 치솟아

•   금융시장: 세계서 두번째로 급등한 채권금리…"증권업계 한 달 평가손실만 1兆"

•   금융시장: 국내 M&A 1년새 67% 감소…대기업·PEF 지갑 닫았다

•   금융시장: 증시 혹한기에 IPO·증자 개점휴업...'전통의 강자'도 못 버텼다

•   금융시장: 치솟는 금리에 일찍 문 닫는 DCM…"내년이 더 걱정"

•   금융시장: 민간부채 증가 2년째 경고등…43개국 중 세번째로 빨라

•   금융시장: 금투업계 “2100선 무너지면 증안펀드 투입될 듯”

•   금융시장: 기업대출 금리도 치솟는다… 中企 이자 부담 늘어 이중고

•   금융시장: 전문가 제언 “연말까지 킹달러, 환율 1500원 각오해야…한은 10월 빅스텝 불가피”

•   금융시장: 한국, 세계국채지수 관찰대상국…내년 공식편입 기대

•   금융시장: [WEEKLY BIZ] “막대한 전기 낭비, 코인 채굴 금지해야” 백악관 보고서… 가상화폐시장 긴장

•   금융시장: [단독/집중취재] 사기 알고도 피해액 환수 불투명…“관리감독 강화 필요”

•   금융사: [단독]주담대 묶는 저축銀…상상인도 사실상 중단

•   금융사: [단독] 한화, 조선 이어 금융도 덩치 키운다… 대형 보험대리점 피플라이프 인수

•   금융사: 年10% 은행 적금 쏟아지지만…"실속 없네"

•   금융사: 檢, ‘이상 해외송금’ 우리·신한銀 압수수색... 대명건설 거래 은행도

•   금융사: 기업대출 금리도 치솟는다… 中企 이자 부담 늘어 이중고

•   금융사: [단독] '갑'으로 군림한 손보사…시민사회 "정부 무관심이 사태 키웠다"

•   공정위: 헌재 “공정위, 가습기살균제 광고기사 심사 제외는 위헌”

•   보훈처: "광복회 국회카페 비자금 주도자는 김원웅 아닌 언론 제보자"

•   기재위(홍성국): [단독] “공무원 해외 근무·연수 기회 기획재정부 1위”

•   기재부: 8월까지 국세 지난해보다 41조원 더 걷혀…진도율 72.9%

•   수은: 대우조선 영구채 금리 ‘5년간 연 1%’ 혜택…한화 이자부담 덜어

•   수은: 수출입銀 “KAI 매각 건으로 한화와 접촉한 적 없다”

•   통계청: 더 빨라진 고령화… 65세 이상 900만명 첫 돌파

•   통계청: 文정부 신재생 과속 여파…태양광 사업체 20% 증가

•   한은: 한국은행, 10월에 통화안정증권 9.9兆 발행

•   거시경제: 한국인 일본여행 73배 느는데…정부는 여행수지 나몰라라

•   거시경제: "환전수수료 0원, 갓달러 팝니다"…당근마켓 중고나라서 불티

•   거시경제: 경상수지 안전판인데…포스트 코로나 관광전략 없는 한국

•   거시경제: 97년 외환위기도 경상적자가 '촉발'

•   거시경제: 환율 1,500원 오나... 외환위기 경고에도 오락가락ㆍ엇박자 정부

•   거시경제: [기획] 분초 다투는 환율… "임시 금통위 빨리 열어야"

•   거시경제: "지방세 일부 국세 전환하면 32조 세수 확보 가능"

•   거시경제: 매일 야근해도 늘 텅장…"열심히 살아도 빚만 는다" 청년 비명

•   거시경제: 회계업계 “4분기 체감경기 더 악화…원자재 가격 주시해야”

•   산자위(김회재): [단독] 공공기관, 신규 채용 규모 31.2% 줄여···취준생은 불안감 호소

•   산자위(노용호): [광물패권시대]돈줄 마르는 해외자원개발…융자 예산 12년새 10분의1 토막

•   산자위(신영대): [단독] "1조 6천억 들인 '가스 외교'...다 팔아도 614억 원"

•   산자위(양금희): [단독] 날아든 탈원전 청구서…벌써 9000억 쌓였다

•   산자위(양금희): [단독]탈원전 부메랑…토지매입비 등 혈세로 메울판

•   산자위(한무경): LNG 현물구입 급증… 전기료 인상 압박 커져

•   산업부: [단독] "대기업부터 전기료 비싼 시간대 늘려 전기요금 인상"

•   산업부: "전기료 30원 올리면 분기 수지 25억弗 개선"

•   산업부: "내달초 조선업 인력난 대비 `주52시간` 해결책 제시"

•   한수원 등: [단독] 公기관 혁신한다더니…尹정부도 줄줄이 '낙하산 인사'

•   경제단체: 전경련 “규제 1개 생기면 기존 2개 폐지, 법 명시해야”

•   경제단체: "납품단가 연동제 법제화 마땅…'자율시행' KDI 주장 유감"

•   비금융사: AI전쟁 치열한데…대기업 절반, 전담 임원도 없다

•   비금융사: "한국 매력 없다"…삼성·현대차 임원 자리 제안해도 'NO'

•   비금융사: 대기업 '워룸' 가동…총수들 사장단회의 긴급 소집

•   비금융사: "2008년급 위기"…사업매각·투자축소 '컨틴전시 플랜' 꺼냈다

•   비금융사: "물건 팔아봐야 손해"…中企는 생존경영

•   비금융사: 혁신택시 떠난 뒤… ‘타다’ 2심도 무죄

•   비금융사: [단독] 포스코 "연내 정상화"라더니…내년 1분기에나 가능

•   비금융사: `수출 포기` 포스코·현대제철, 수입원가 부담에 수익성 빨간불

•   비금융사: [단독]“쌍방울 계열사 지분, ‘기밀유출’ 변호사-라임錢主도 억대 보유”

•   비금융사: SEMI "올 반도체 장비 투자, 9% 증가해 1000억 달러 육박"

•   비금융사: 내년 상반기? 내년 3분기?...엇갈리는 반도체시장 반등 시점

•   비금융사: [K-반도체 위기론]①日 따라갈라…흔들리는 韓 반도체 위상

•   비금융사: [K-반도체 위기론]②악재 산더미인데…전기료 인상에 수천억 추가 부담

•   비금융사: [K-반도체 위기론]③경쟁국 치고 가는데…투자계획 세워도 집행 '하세월'

•   비금융사: [K-반도체 위기론]④'수출 효자'는 옛 말…역성장의 덫

•   비금융사: 1년새 3배 오른 리튬값…車배터리업계 비상

•   비금융사: 한국, 중국 리튬 의존도 64%… “배터리 생태계 위협”

•   비금융사: "주사위 던저진 IRA..단순 대응 너머 산업 경쟁력 강화 나서야"

•   비금융사: 수소차하면 '현대'였는데…도요타, 한번에 860km가는 車로 도전장

•   비금융사: 1시간에 치킨 50마리 뚝딱…'月 120만원' 능력자의 정체

•   비금융사: 로봇 강점' 한화, 가담하는 조선업계…조선 빅3에 로봇 바람 부나

•   비금융사: 수많은 로봇 팔, 1개 라인서 휘발유·디젤·전기차 동시 만든다

•   비금융사: [단독] '2만원→10만원'…허위 발표로 주가 띄운 일양약품 수사

•   비금융사: "IRA 맞서 전기차 美생산기반 서두르고 공급망 다변화해야"

※   산업연구원: 인플레이션 감축법(IRA)의 국내 산업 영향과 시사점 - 자동차와 이차전지산업을 중심으로

•   비금융사: [단독]대한항공·아시아나 M&A, 美심사 결과 11월 나온다…경영진 미국行

•   비금융사: [단독] 카카오, '음식 나눔 플랫폼' 출시 준비…식품위생법은 어떻게?

•   비금융사: "세계 휴대전화 시장, 작년 대비 매출 줄었지만 영업이익 증가"

•   국토위(김병욱): [단독]공급과잉 후폭풍? 미분양 2배 폭증, 건설사 줄도산 공포

•   국토부: 초과이익 1억원까지 재건축 부담금 안낸다

•   국토부: 반포주공3주구 재건축 부담금 1인당 평균 7500만원 줄어든다

•   국토부: 재초환 남아있는 과제는…'조합원끼리 알아서 부담금 배분' 뇌관은 여전

•   국토부: 서울선 아직도 '억소리'…전문가 "이중과세, 차라리 폐지해야"

•   국토부: 입법 키 쥔 민주당은 관망 모드…공식입장 안 내고 "살펴보겠다"

•   국토부: 8월까지 주택매매량 작년대비 48%↓…미분양 배 가까이 늘어

•   부동산원: 강남 용산 아파트도 우수수 떨어졌다…역대급 하락

•   부동산시장: 수도권 '6억 이하' 거래 중 신축 아파트 비중 9% 불과

•   부동산시장: 집거래 끊기니… 가구·가전·이사·중개소 ‘죽을 맛’

•   부동산시장: 예금 금리보다 못한 수익률...“팔려해도 살사람이 없어요” [위기의 수익형 부동산]

•   부동산시장: “지속되는 금리인상...오피스 공실률 늘어날 것” [위기의 수익형 부동산]

•   환노위(이주환): [단독] 정년퇴직자 가족 우선 채용… 기업 40곳, 고용세습 여전

•   고용부: 이정식 고용부 장관 "노란봉투법에 위헌 논란"

•   외통위(조정식): [단독] 尹-펠로시 통화 직전 대통령실에 ‘IRA 핵심 내용’ 보고됐다

•   외교통상: 북, 닷새만에 3번째 탄도미사일…한미일 연합훈련 반발

•   외교통상: 尹 만난 해리스 “IRA 우려 해소방안 마련하겠다”

•   외교통상: [단독] IRA 질문에 한 숨 쉰 中 대사…"미국 편가르기 안돼"

•   외교통상: WSJ "韓, IRA에 실망…투자만 하고 혜택 제외"

※   WSJ: Biden Faces South Korea Backlash Over New EV Tax-Credit Rules

•   행안위(정우택): 정부 바뀔 때마다 폐지·부활…10년 간 부처 바뀐 공무원 6만 명

•   행안위(정우택): [단독] 사적채용 공세 퍼붓더니…文정부는 별정직 1.5배 폭증

•   법무부: [단독] 정부, 론스타 소송전에 3814만弗 들여

•   법무부: [단독] 론스타 판정문에 한국 정부에 불리한 '보충의견'도 있었다

•   교육부: 이주호 교육장관 후보 지명, MB정부때 교육정책 설계

•   교육부: [단독]대학에 ‘기업식 M&A’ 허용…교육부 의원입법 추진

•   과방위(김영식): [단독] "애플 갑질 그만"…앱 마켓 강제 금지법 만든다

•   과방위(이인영): [단독]전세계 '탄소중립' 사활거는데…R&D 예산 증가율 22%→2.8% '뚝'

•   과기부: [단독]정부 "5G 28GHz 1만5000대 구축 계획안 내라"

•   농해수위: 고물가가 식품CEO 책임? 무더기 국감 소환에 부글부글

•   복지위(조명희): [단독] 저소득층 국민연금 지원한다면서…정작 기초수급자 90% 소외

•   질병관리청: 오후 9시까지 전국 2만7632명 확진…어제보다 2천여명 줄어

[Opinions]

•   Project Syndicate(Dina Khapaeva): Putin’s New Nuclear Blackmail

•   Project Syndicate(Chris Patten): The Faith-Based Reaganomics of Liz Truss

•   Project Syndicate(Andre Pagliarini): Bolsonarismo After Bolsonaro

•   Project Syndicate(Jim O’Neill): Pound Foolishness

•   Project Syndicate(Ian Buruma): Hide the Swastikas

•   Project Syndicate(Gautam Nair, Federico Sturzenegger): The US Inflation Bonanza for Sovereign Debtors

•   FT(Editorial Board): Brazil’s imperfect presidential election

•   FT(Gillian Tett): Currency markets are about to learn a lesson in defying economic gravity

•   FT(Martin Sandbu): What we can learn from the past week’s market ructions

•   FT(Chris Giles): Economic orthodoxy bites back

•   FT(Robin Wigglesworth): Lessons from the UK pension fund shock

•   FT(Robert Armstrong): Learning to love the long end, part 2

•   FT(Leo Lewis): Is US industrial policy undergoing Japanification?

•   FT(John Thornhill): The ‘chip choke’ on China may breathe air into semiconductor industry

•   FT(Steven Kelly ): Sympathy for the Dimon

•   FT(Cat Rutter Pooley): The jeopardy for banks in Kwarteng’s City chaos

•   FT(Minouche Shafik): UK government’s plan is both bad economics and a lost opportunity

•   FT(Javier Espinoza): Brussels re-energised for Big Tech battles

•   FT(Tej Parikh): Stop making excuses — the UK’s troubles are self-inflicted

•   FT(Helen Thomas): Who was watching the time-bomb in the pensions industry?

•   FT(Lex): UK mortgages: rate rises are hitting home

•   WSJ(Editorial Board): The First Central Bank Casualty

•   WSJ(Editorial Board): America’s Pacific Island Comeback

•   WSJ(Vivek Ramaswamy): ESG and the ‘Long-Run Interests’ Dodge

•   WSJ(Red Jahncke): The Silent Price You’ll Pay for Our Mounting National Debt

•   WSJ(Chris Miller): Why Russia Lacks ‘Smart’ Weapons

•   NYT(Paul Krugman): Is the Fed Braking Too Hard?

•   WP(David Ignatius): The West should hunker down against Putin’s latest aggression

•   WP(Dan W. Reicher): Those old power plants? Now we have the means to turn them green.

•   WP(Mike Mullen, Sam Nunn, Ernest J. Moniz): What Xi must tell Putin now

•   WP(Mili Mitra): A look at the world leaders who have cozied up to MBS

•   Bloomberg(Editorial Board): As Crisis Mounts, Liz Truss Needs to Show Competence

•   Bloomberg(Clive Crook): UK Economic Crisis: Is It Too Late for Truss to Repair the Damage?

•   Bloomberg(John Authers): The UK Cannot Afford to Look This Ridiculous

•   Bloomberg(Javier Blas): Uncle Sam Wants to Be an Oil Trader. That’s a Bad Idea

•   Bloomberg(Ramesh Ponnuru): Raising Interest Rates Is the Right Economic and Moral Policy

•   Bloomberg(Lionel Laurent): The UK’s Trussonomics Market Mess Has France Fearing Contagion

•   Bloomberg(Mark Buchanan): How Much More Economic Growth Can the Planet Sustain?

•   Bloomberg(Mark Gilbert): Bond Markets Are Nearing a Painful Inflection Point

•   Reuters(John Kemp): U.S. gas exports squeeze domestic supply

•   Reuters(Clyde Russell): Oil and coal sectors think more fossil fuels is the solution. Probably not

•   한경(안세영): WTO 체제 자유무역의 종언

•   서경(유경준): 통계의 회색지대: 자본가는 노동자의 몫을 빼앗고 있는가?

•   경향(김종철): ESG에 진심이어야 할 헌법적 이유

•   파이낸셜뉴스(이재연): 금융회사 자체 채무조정을 기대하며

•   디지털타임스(최광해): 부동산정책을 정상화하자