TLDR & TLDL: Global stocks fell 2-4% early this morning on fears the US Federal Reserve is about to pull the rug of easy money out from under investors and fears Russia is about to invade Ukraine. The Pentagon just announced 8,500 US troops had been put on alert to go to Eastern Europe (CNN).
See more below the paywall fold on whether this stock slump is the bursting of a ‘super-bubble,’ or another chance to ‘buy the dip’ and ‘hold on for dear life’.
In the news here this morning:
employers are calling for shorter self-isolation periods for close contacts to avoid Australian-style supply chain carnage in an omicron surge (Newshub, RNZ);
lab workers doubt they’d be able to handle the 62,000/day PCR test capacity for more than a few days and see real capacity at half that level (Stuff); and,
we’ll find out more on the Government’s omicron plans at 4pm today in the first full post-Cabinet news conference of the year (I’ll be there and welcome suggested questions from paid subscribers in the comments below.)
Listen to this episode with a 7-day free trial
Subscribe to The Kākā by Bernard Hickey to listen to this post and get 7 days of free access to the full post archives.
