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MacroBusiness
Saturday, January 10, 2026 - 09:55
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Dancing, dancing, dancing! There is no stopping the iron-ore-crazy man. Except for one small problem. Steel mill margins are being obliterated. These developments will weaken the start of 2026 steel production, especially because steel product inventories are higher than last year. And there is another problem. The iron-ore-crazy man is dancing on top of the The post Iron ore crazy man keeps on dancing appeared first on MacroBusiness. |
MacroBusiness
Saturday, January 10, 2026 - 09:33
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Robber Fly with catch Photo courtesy of Geoff McVeigh Reads (more coming) Why is Trump interested in Greenland? Look to the thawing Arctic ice – The Guardian Here’s why Labour is struggling to deliver: the British state is immense, but pull the levers and nothing happens – The Guardian The Bondi The post Weekend links and Videos: 10 – 11 January 2026 appeared first on MacroBusiness. |
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Your Democracy
Saturday, January 10, 2026 - 09:26
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Je vois des peuples infortunés gémissants sous un joug de fer, le genre humain écrasé par une poignée d’oppresseurs, une foule affamée, accablée de peine et de faim, dont le riche boit en paix le sang et les larmes, et partout le fort armé contre le faible du redoutable pouvoir des lois... Jean-Jacques Rousseau
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Your Democracy
Saturday, January 10, 2026 - 06:55
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Former US Secretary of State and CIA Director Mike Pompeo seems irked that the Ukraine conflict could end without Russia groveling and handing over concessions on a silver platter. |
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Your Democracy
Saturday, January 10, 2026 - 05:44
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The Australian government remains silent on Israel banning 37 international aid organisations in Gaza, despite warnings from humanitarian groups. Stephanie Tran reports. |
MacroBusiness
Friday, January 9, 2026 - 16:30
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Asian share markets are generally higher in the final session of the week however are hedging what will come later tonight with the expected US Supreme Court ruling on the Trump regime’s tariffs and the post-government shutdown employment print – aka the NFP. News that Trump wants to make his own QE by purchasing $200 The post Macro Afternoon appeared first on MacroBusiness. |
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MacroBusiness
Friday, January 9, 2026 - 12:30
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The Aussie trade balance for November was out yesterday and shows one great, big trend: a disappearing trade surplus. Some of this was always going to happen as the post-Ukraine War commodities mania subsided. I expect we’ll be running a deficit by year’s end as iron ore and energy continue to fall, despite gold. There The post Albo reloads China’s trade cannon appeared first on MacroBusiness. |
MacroBusiness
Friday, January 9, 2026 - 12:00
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Calculated Risk sums the data. On Friday at 8:30 AM ET, the BLS will release the employment report for December. The consensus is for 55,000 jobs added, and for the unemployment rate to decrease to 4.5%. There were 64,000 jobs added in November, and the unemployment rate was at 4.6%. From Goldman Sachs: We forecast that The post US jobs preview appeared first on MacroBusiness. |
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MacroBusiness
Friday, January 9, 2026 - 11:30
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Charts from TME. SPX is caught in a bearish rising wedge, tough it could also be seen as a bullsh asending triangle. Tech is more neutral and could go either way from a symmetrical triangle. The NY rotation has been from tech to the broader market, or, put another way, from AI spenders to AI The post Tech bubble struggles to find oxygen appeared first on MacroBusiness. |
MacroBusiness
Friday, January 9, 2026 - 11:00
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As of the latest building approvals data from the ABS, in the last 12 months, 111,500 detached houses were approved for construction. This result comes with both good news and bad news. The good news is that the figure for detached house approvals is up by 6,800 homes from the lows seen in December 2023. The post House approvals plunge back to 1970s levels appeared first on MacroBusiness. |
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Your Democracy
Friday, January 9, 2026 - 10:53
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In an article published in the Swiss Military Journal, Swiss officer Pascal Koller slanders Jacques Baud in the most despicable manner. We prove that he is lying and show that criminal charges are the only way to put this petty criminal in his place. Is he being protected by the Swiss army leadership or is he acting alone? |
MacroBusiness
Friday, January 9, 2026 - 10:30
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As expected, nothing of substance will be discussed beyond tightening a police cordon around your life and opinions. Tackling antisemitism by investigating the nature and prevalence of antisemitism in institutions and society, and its key drivers in Australia, including ideologically and religiously motivated extremism and radicalisation. Making recommendations that will assist law enforcement, border control, |
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THE BLOT REPORT
Friday, January 9, 2026 - 10:27
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After a stupid statement by the silly old fart Bob Katter stating that every school should have an armoury in which each child could store their rifles, I wrote a piece about him and the reason he was so keen to sell more guns to Australians. That reason was that his son-in-law owns a large supplier of arms, ammunition and accessories1. Ever the spiv. |
Your Democracy
Friday, January 9, 2026 - 10:21
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The fatal shooting of a woman in Minneapolis, Minnesota, by an ICE agent was a “tragedy of her own making,” US Vice President J.D. Vance has said, throwing his full support behind the agency. |
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MacroBusiness
Friday, January 9, 2026 - 10:00
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Analysts are beginning to assess the implications of the Trump administration’s toppling of the Maduro government in Venezuela, not only for the Americas but also for the world. In 2024, Venezuela exported around 1 million barrels of oil per day. In January 2025, a little under half of that, around 390,000 barrels per day, was The post Venezuela intervention hits Beijing appeared first on MacroBusiness. |
Your Democracy
Friday, January 9, 2026 - 09:45
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MacroBusiness
Friday, January 9, 2026 - 09:30
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The ferrous complex is up to its usual New Year games as speculation mounts about imminent yawnulus. There is some evidence for increased fiscal support in early-year bond issuance; however, the usual caveats apply. More and more, such spending is directed away from commodity-intensive uses. Additionally, the yawnies must now contend with the anti-involution investment The post Steel sag meets iron ore rip appeared first on MacroBusiness. |
MacroBusiness
Friday, January 9, 2026 - 09:00
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A huge fill in the US trade deficit overnight gave the USD some more power, while the latest US initial jobless claims suggest another weaker NFP print tonight that should encompass post shutdown data. Wall Street stumbled around however as did European stocks with oil putting in a surprise breakout, most likely due to protests The post Macro Morning appeared first on MacroBusiness. |
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Your Democracy
Friday, January 9, 2026 - 08:54
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Are Russia and China, the BRICS, willing to continue to let Trump redraw the ‘mappa mundi’ according to his own exclusive interests? Or is it time to see a real alternative to US hegemony take shape?
No alternative to US hegemony? Ricardo Nuno Costa
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MacroBusiness
Friday, January 9, 2026 - 08:30
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DXY is threatening a little again. AUS has a nasty candle but has not yet broken support at previous resistance. CNY is supportive. A rare up day for oil. Metal mania has turned DXY bust. Another nasty candle on big miners. EM sag. Junk refuses to corroborate any rally. US long-end warming up. Stocks struggling The post Australian dollar crashes into new world order appeared first on MacroBusiness. |
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Your Democracy
Friday, January 9, 2026 - 08:24
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A new analysis finds that the richest 15 billionaires in the U.S. saw their wealth skyrocket by nearly $1 trillion in the first year of President Donald Trump’s second term, which also contained one of the single largest cuts to welfare benefits in U.S. history. |
Your Democracy
Friday, January 9, 2026 - 06:55
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With corporate media forcing PM Albanese into a small target corner on messaging, the right is filling the rhetorical void. Andrew Gardiner looks at the repercussions.
Albo’s search for the middle leaves him exposed on both flanks by Andrew Gardiner
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Your Democracy
Friday, January 9, 2026 - 05:44
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Australia’s visa laws allow exclusion on grounds of character and incitement of discord. Those tests raise serious questions about whether Israel’s president should be welcomed while the killing in Gaza continues.
Minister for Home Affairs Tony Burke should reject a visa application for Israeli President Herzog
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Your Democracy
Friday, January 9, 2026 - 04:33
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MacroBusiness
Friday, January 9, 2026 - 00:05
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In the years since the Global Financial Crisis, the Australian economy has become ever more reliant on government for positive outcomes. Much of the revenue required to underpin this ongoing intervention has been derived from the explosive rise in resource exports, which rose by well over 200% at their peak in 2023 compared with their The post Albo takes over the economy appeared first on MacroBusiness. |
MacroBusiness
Thursday, January 8, 2026 - 16:30
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Asian share markets are not doing well as the positive lead from Wall Street dissipated overnight with commodity volatility continuing to dominate other risk markets while bonds go sleepy. Currency markets are selling off commodity currencies while Euro and Pound Sterling are trying to stabilise after a wobbly start to the new year, relatively speaking The post Macro Afternoon appeared first on MacroBusiness. |
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Renew Economy
Thursday, January 8, 2026 - 15:39
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The post Record year for renewables eases prices and pollution as coal clunkers go missing in Queensland appeared first on Renew Economy. |
MacroBusiness
Thursday, January 8, 2026 - 13:00
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The Market Ear on where we are. SPX stuck SPX remains stuck in the wide range that’s been in place since September. We’re now sitting in the upper end of that range, an area that has rejected price on three prior occasions, with 7000 (futures) standing out as major resistance. Mean reversion has been the The post Will anarcho-imperialism crash the market? appeared first on MacroBusiness. |
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MacroBusiness
Thursday, January 8, 2026 - 12:30
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Readers will be well aware of the looming global LNG glut. Global LNG output rose 6% in 2025 and is expected to grow for at least another four years on the back of record-setting investment in new facilities. This year alone, two giant projects — Golden Pass in Texas and a major expansion in Qatar — are The post Drill, baby, drill turns crash, baby, crash appeared first on MacroBusiness. |
MacroBusiness
Thursday, January 8, 2026 - 12:00
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The Albanese government’s 5% deposit scheme for first home buyers, which came into effect on 1 October, has pushed the last of Australia’s affordable housing beyond reach. Lower-priced properties, or those covered by the extended Home Guarantee Scheme price caps, have generally seen better growth since September of last year, according to new Cotality study. The post Deposit scheme pushes the last homes beyond reach appeared first on MacroBusiness. |
Price and emissions savings seen in 2025 could soon be in the rear vision mirror as the Queensland Government commits to expensive, polluting fossil fuels.