Monday’s links

  1. Summers was Biden’s biggest inflation critic. Was he wrong? – WaPo
  2. Europe’s thriving businesses face mounting windfall tax hit – FT
  3. Fed Is Playing a Waiting Game to Try to Avoid a Recession – Bloomberg
  4. Big Banks Are Supposed to Fail Without Causing Panics – WSJ
  5. Rouble hits 16-month low as military spending rises and exports fall – FT
  6. China Hedge Funds in Crisis After Losses, US Investor Retreat – Bloomberg
  7. The Economic Losers in the New World Order – WSJ
  8. Recession worries are fading (maybe) – MarketWatch