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MacroBusiness
Tuesday, January 6, 2026 - 11:30
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DXY is getting Trumped as we enter 2026. AUD is still trending higher. But it is paced by a slow-moving CNY. Gold appears tired. Oil has died. Base metals are all AI all of the time. Big miners whoa. EM stocks are throwing NY party. Junk ain’t. Duration is a threat. With US stocks in The post Australian dollar joins the dash for trash appeared first on MacroBusiness. |
MacroBusiness
Tuesday, January 6, 2026 - 11:00
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With the release of the latest ABS Wage Price Index for the September quarter, it was revealed that headline wages were growing right on analyst and RBA expectations, with wages up 0.8% quarter on quarter and 3.4% year on year. But underneath the relatively pedestrian headlines lies a divergence in outcomes and significant falls in The post Australia real wages take a big hit appeared first on MacroBusiness. |
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MacroBusiness
Tuesday, January 6, 2026 - 10:30
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As usual, Australia is having a stupid debate. This time, it is about manufacturing. Australia is ranked below Botswana and Russia on Harvard’s index of economic complexity because of a diminished manufacturing industry and an overreliance on iron ore and coal exports. However, economists said the statistics could not be used to justify Labor’s industry |
MacroBusiness
Tuesday, January 6, 2026 - 10:00
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In the United States, the median American is 39 years of age and is at the average part of a cohort that is seeing at best stagnating outcomes, at worst deteriorating ones. In 2002, the median age of a first-time home buyer was 31, with the median age of a repeat home buyer being 41. The post The American gentocracy appeared first on MacroBusiness. |
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MacroBusiness
Tuesday, January 6, 2026 - 09:30
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It seems nothing can bring sense to the iron ore market as the jaws widen further. Scuttlebutt explains the seasonality. Chinese iron ore prices are being underpinned by steelmakers restocking ahead of the Lunar New Year holiday in February, while tight domestic supplies are also lending further support. The outlook beyond this point is hardly The post Pilbara killler delayed not stopped appeared first on MacroBusiness. |
MacroBusiness
Tuesday, January 6, 2026 - 09:00
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A near two year low in the US ISM manufacturing print saw the USD take a dive while other risk markets repositioned after the Trump regime’s invasion of Venezuela with oil stocks lifting amid a small bid in Brent and WTI markers. Wall Street was outpaced by European and Japanese stocks while Pound Sterling and The post Macro Morning appeared first on MacroBusiness. |
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Your Democracy
Tuesday, January 6, 2026 - 08:17
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The successful seizure and removal of President Nicolas Maduro from Venezuela demonstrates Washington’s readiness to use every means at its disposal — including military power — to stave off any diminishment of U.S. national influence in its bid to manage the dissolution of the celebrated postwar, liberal order. |
Your Democracy
Tuesday, January 6, 2026 - 06:55
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Coal and gas have finally been eclipsed by renewable energy as wind and solar tip in half the power to Australia’s electricity grid. Stephanie Tran reports an historic event. Australia’s electricity grid has reached an historic milestone, with renewables supplying almost half of all power across the national electricity market in the final quarter of 2025 and exceeding 50% in Western Australia for the first time. |
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Your Democracy
Tuesday, January 6, 2026 - 06:00
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Amid calls for Royal Commission, a narrative emerges of the perpetrators, their links to ISIS, and warnings ignored by police and ASIO. Human rights advocate Al the Writer reports (Part 1). |
Your Democracy
Tuesday, January 6, 2026 - 05:22
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Venezuelan leader Nicolas Maduro will emerge as an enduring political symbol similar to Simon Bolivar, Fidel Castro, and Che Guevara, secretary of the Decolonial International Network Foundation, Sandew Hira, has told RT. Maduro was kidnapped along with his wife, Cilia Flores, during a US raid on Caracas on Saturday. Washington accuses the Venezuelan leader of narco-trafficking and weapons offenses – charges he has denied.
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MacroBusiness
Tuesday, January 6, 2026 - 00:05
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Since Australia reopened its international borders in February 2022, following almost two years of COVID-driven restrictions, migration to Australia has surged. Just a few weeks later, in March 2022, the Treasury released its net overseas migration forecast for 2021-22, projecting 41,000. With only four months left in the year, one might expect that the Treasury’s The post It’s just a (migration) catch up mate appeared first on MacroBusiness. |
George Monbiot
Monday, January 5, 2026 - 21:53
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How Joe Rogan and Mel Gibson turned a metaphor into a reality. By George Monbiot, published in the Guardian 27th December 2025 |
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Your Democracy
Monday, January 5, 2026 - 21:00
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I asked Grumblr, the local AI bot What is democracy what’s it not
Democracy is about Sharing With Fairness and Justice The machine pointed out smiling Sharing demands Peace Peace needs Respect see Respect fosters Decency
Honest decency is hard Because you know nothing And I'm a lazy bastard ‘Cuz I can fudge everything And fudge becomes wandering lies |
MacroBusiness
Monday, January 5, 2026 - 17:00
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Asian share markets are very mixed with local shares not moving while Japanese shares surge following the late 2025 BOJ rate hike as the volatility from the Trump regime’s “special military operation” into Venezuela only really upsetting commodity markets so far. The USD is seeing a surge against the majors, particularly Euro while the Australian The post Macro Afternoon appeared first on MacroBusiness. |
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MacroBusiness
Monday, January 5, 2026 - 12:00
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I’m not going to wade into the usual MSM garbage about the rights and wrongs of El Trumpo’s Venezuelan gambit. Nicolas Maduro was an unpleasant and destructive post-Chavezian leader who has cost his country dearly in tumbling living standards. Minimum wages look terrific under Maduro. Until you discount for inflation. The latest reading, which is The post El Trumpo launches a Venezuelan casino appeared first on MacroBusiness. |
MacroBusiness
Monday, January 5, 2026 - 11:30
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The mild weather sure isn’t saving your current energy bills, which will be going literally through the roof thanks to Albo’s incredibly mismanaged Ukraine War power shock and bill rebates. However, the mild summer weather has triggered hope that a better year is ahead for bill relief. According to this analysis, wholesale prices in NSW The post Weather saves your electricity bill appeared first on MacroBusiness. |
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Your Democracy
Monday, January 5, 2026 - 11:12
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MacroBusiness
Monday, January 5, 2026 - 11:00
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One of the biggest questions for Australia going forward, both socially and economically, is how many additional homes can be built each year. The Albanese government’s National Housing Supply and Affordability Council expects the housing deficit to continue growing until at least mid-2029, if forecasts hold true. However, there is hope that home building may The post Can we build enough new homes? appeared first on MacroBusiness. |
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xkcd.com
Monday, January 5, 2026 - 11:00
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MacroBusiness
Monday, January 5, 2026 - 10:00
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The latest national accounts, which show the economy grew by just 0.4% and contracted marginally in per capita terms, provided further confirmation of the increasingly significant risk of effective stagflation for the Australian economy. Meanwhile, despite relatively weak headline growth and per capita stagnation, inflationary pressures were resurgent in the first full monthly CPI release |
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Your Democracy
Monday, January 5, 2026 - 08:21
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President Donald Trump has threatened Venezuela's interim president, Delcy Rodriguez, with a “bigger price” than the one paid by her recently captured predecessor Nicolas Maduro. In the early hours of Saturday, American forces swooped over the Venezuelan capital of Caracas and captured Maduro and his wife and took them back to the US, where they will soon face charges of orchestrating a “narco-terrorism conspiracy.” |
MacroBusiness
Monday, January 5, 2026 - 08:00
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With its great view of fireworks, New Year’s Eve at Williamstown is a robust affair. This year was a bust. Police in every uniform and mounted on every conveyance outnumbered a crowd perhaps 20% the size of last year. Bikes, motorbikes, quads, horses, and jackboots corralled desultory revellers. Reveller in name only. Official violence stomped The post Welcome to the multicultural gulag appeared first on MacroBusiness. |
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MacroBusiness
Monday, January 5, 2026 - 07:30
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Last week’s Cotality’s daily dwelling values index, which tracks home values across Australia’s five major capital city markets, ended 2025 with momentum stalling. At the aggregate 5-city level, Cotality’s daily dwelling values index rose 0.5%, down significantly from the 1.0% growth recorded in November. Today, we get the release of PropTrak’s competing series, which shows |
MacroBusiness
Monday, January 5, 2026 - 07:00
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Risk markets will pivot this week on the volatility around the Trump regime’s invasion of Venezuela as 2026 accelerates the new global order of “take what you want around you”. Watch out Cuba, Columbia, Canada and Greenland! Wall Street remains somewhat in holiday mode but will wake up with a bang tonight with stock markets The post Macro Morning appeared first on MacroBusiness. |
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Your Democracy
Monday, January 5, 2026 - 06:55
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As public concerns over the AUKUS alliance rise – with expanding US bases in Australia and Donald Trump’s belligerent conduct, FOI documents reveal the Government is secretly expanding its ‘US Department of War Protest’ Force. Rex Patrick reports. Most people won’t be aware that the Australian Federal Police (AFP) has established a new command. |
John Quiggin
Monday, January 5, 2026 - 06:34
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TL;DR Not good. Taking account of economic failure, nothing Trump has done – rape, war crimes, corruption, insurrection, ICE or trashing the constitution – has cost him a single vote on balance. |
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John Quiggin
Monday, January 5, 2026 - 06:32
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This came out in The Conversation, a while ago, but I didn’t get around to posting it here. I’m posting my original version, which includes a discussion of vapes |
John Quiggin
Monday, January 5, 2026 - 06:30
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Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please. I’m now using Substack as a blogging platform, and for my monthly email newsletter. For the moment, I’ll post both at this blog and on Substack. You can also follow me on Mastodon here. |
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MacroBusiness
Monday, January 5, 2026 - 00:05
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On Saturday, the U.S. armed forces launched a series of attacks on Venezuela, which culminated in the capture of President Nicholas Maduro. As these events continue to make headlines around the globe, it’s worth exploring why this nation on the northern coast of South America matters in global affairs. Oil And It’s Geopolitical Impact First, The post Venezuela – A primer appeared first on MacroBusiness. |
Your Democracy
Sunday, January 4, 2026 - 16:24
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https://www.youtube.com/watch?v=NsPAPc3w5_E YES... WHAT HAPPENED...? OH... I SEE, TRUMP HAS GONE FROM F**KING WOMEN TO F**KING MEN WITH THICK MOUSTACHES, LIKE MADURO...
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