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MacroBusiness Tuesday, January 13, 2026 - 10:00 Source

Iron ore and coking coal are obliterating steel mill margins. Scuttlebutt is crazed. China’s cabinet held a meeting on Friday about implementing a package of fiscal and financial policies to boost domestic demand, including initiatives to spur household consumption, state broadcaster CCTV reported. A need for restocking as well as decreasing global iron ore shipments from Australia

The post Iron ore downgrades rain appeared first on MacroBusiness.

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Renew Economy Tuesday, January 13, 2026 - 09:55 Source

 Equis Australia.Locals who say they overwhelmed by three neighbouring big battery projects force one gigawatt proposal to be reviewed by independent panel.

The post New England locals force huge battery project proposal to go before independent panel appeared first on Renew Economy.

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MacroBusiness Tuesday, January 13, 2026 - 09:45 Source

I would observe this with relief. In a short statement on X, former prime minister Kevin Rudd thanked Prime Minister Anthony Albanese and Foreign Minister Penny Wong for their kind words. “It has been an honour to serve as Australia’s Ambassador to the United States over the last three years,” he wrote. “I also thank

The post Rudd returns from whence he came appeared first on MacroBusiness.

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Your Democracy Tuesday, January 13, 2026 - 09:29 Source

A pattern of appeasement, not moral clarity, has shaped the Albanese Government’s response to Gaza, Israel and the politics of antisemitism at home, writes Paul Begley.

WHEN A LEADER elected to the highest office operates according to a belief that pleasing his enemies is a sure-fire way to preserve his political capital, he gets what he deserves when his enemies turn on him for doing what they asked for.

 

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MacroBusiness Tuesday, January 13, 2026 - 09:00 Source

Last night most risk markets shrugged off the attack on the US Federal Reserve’s independence by the Trump regime with a small blip against USD while Wall Street eked out a small return as European stocks outperformed again. Precious metal prices continued to soar against USD however, while oil markets also saw more upside on

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 13, 2026 - 08:52 Source

In a recent poll undertaken by relatively new pollster, Fox & Hedgehog, a very clear question was asked to it’s respondents: “Select whether you agree or disagree with the following: There should be a pause to all migration to Australia other than tourists.” Overall 54% of respondents said they agreed (32% strongly agree, 22% agree)

The post Voters want immigration brakes slammed on appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 13, 2026 - 08:30 Source

The hatred of hatred is about to doom Australia. A proposed moment of national unity in the parliament after the Bondi massacre has descended into partisanship as politicians prepare to debate sweeping laws that would jail for up to 15 years Islamic extremists or neo-Nazis who collaborate with hate groups. …“We want to make it

The post 15 years jail for protesting against immigration appeared first on MacroBusiness.

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Your Democracy Tuesday, January 13, 2026 - 07:50 Source

US President Donald Trump has someone in mind to be the next leader of Cuba – his secretary of state, Marco Rubio.

On Sunday, Trump reposted an image of an X post that jokingly claimed that the top US diplomat would be made the president of the Caribbean island.

“Sounds good to me!” Trump responded on Truth Social.

In a follow-up message, he accused Cuba of subsisting on oil money from Venezuela.

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Your Democracy Tuesday, January 13, 2026 - 06:55 Source

Lt Col Daniel Davis argues that President Trump’s failure to end the Russia–Ukraine war stems largely from flawed advice and misperceptions within his own team — especially from Keith Kellogg. Despite Trump’s repeated promises to end the war quickly after taking office in January 2025, there has been no progress toward a negotiated settlement nearly a year later.

 

Here's Why Trump Can't End Ukraine Russia War /Lt Col Daniel Davis

 

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Your Democracy Tuesday, January 13, 2026 - 05:44 Source

Last week it was geopolitical tensions, the start of this week is an attack on Fed independence...

It's no wonder why precious metals continue to stay so bullish. Trump is making the headlines again to start the new week and in case you missed it:

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MacroBusiness Tuesday, January 13, 2026 - 00:05 Source

When the Albanese government announced in August last year that it was bringing forward the start of its expanded 5% deposit scheme, it was widely criticised by property experts as a catalyst for further price rises in an already hot market. A recent report from Cotality confirms that the concerns were justified. For homes under

The post Albo pours rocket fuel on housing market appeared first on MacroBusiness.

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Your Democracy Monday, January 12, 2026 - 20:41 Source

The staggering cowardliness by four ex-Presidents vis-à-vis Tyrant Trump’s wrecking of America cannot escape history’s verdict. However, there is still an opportunity for vigorous redemption by George W. Bush – whose life-saving AIDS Medicine Program in Africa was shut down by Trump – Bill Clinton, Barack Obama, and Joe Biden, if they have any self-respect for their patriotic duty.

 

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Renew Economy Monday, January 12, 2026 - 16:51 Source

Developer of small wind project in Victoria only wanted to put up five turbines, but has been allowed just two after a planning permit cut.

The post State government allows just two turbines to be built in small wind project appeared first on Renew Economy.

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MacroBusiness Monday, January 12, 2026 - 16:30 Source

Asian share markets are generally higher in the first session of the trading week however volatility continues to rise in currency markets as the Trump regime tries to take away the Federal Reserve’s independence via open legal threats against Chairman Powell. The USD sank immediately on the news while oil prices are slowly rising as

The post Macro Afternoon appeared first on MacroBusiness.

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John Quiggin Monday, January 12, 2026 - 14:34 Source

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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Renew Economy Monday, January 12, 2026 - 14:24 Source

tathra energy hub, synergyThe wind, solar and battery project secured state and EPA approvals in an astonishing four months.

The post Massive 2 GW wind, solar and battery project lands all state planning approvals in breathtaking four months appeared first on Renew Economy.

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Renew Economy Monday, January 12, 2026 - 14:20 Source

Tesla household battery small iStock-1296608191A solar installer has been fined for unsafe home battery installations, including one that sparked a minor fire.

The post Solar installer fined $9,000 over unsafe home battery installations, including one that sparked fire appeared first on Renew Economy.

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Renew Economy Monday, January 12, 2026 - 13:08 Source

A 600MW wind project has the green light to start construction, but government wants turbine numbers cut and restrictions placed on operations.

The post Victoria gives green light to contested wind project, with fewer turbines and operating limits appeared first on Renew Economy.

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MacroBusiness Monday, January 12, 2026 - 13:00 Source

There are many reasons a RIO takeover of GLEN is not a bad idea. One is largely a producer; the other, largely a trader. Together, they form a vertically integrated monster that can gouge China to death. Their suites of reserves match nicely, too. RIO is big in iron ore and aluminium, GLEN in coal

The post Don’t go to GlenRio appeared first on MacroBusiness.

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Renew Economy Monday, January 12, 2026 - 13:00 Source

Sheep Gannawarra solar farm Edify EnergyAnother two major solar and battery projects have been referred to independent commission after objections from mostly long distance and interstate opponents.

The post Another two big solar and battery projects sent to independent panel by long distance objectors appeared first on Renew Economy.

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MacroBusiness Monday, January 12, 2026 - 12:30 Source

If it tries, it will fail. But will it try? From Goldman: Qiushi article on the property market: On January 1, Qiushi magazine (the official theoretical journal of the Chinese Communist Party) published an article titled “Improve and Stabilize Expectations in the Property Market,” which emphasized the importance of the real estate sector in the

The post Will China rescue property again? appeared first on MacroBusiness.

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MacroBusiness Monday, January 12, 2026 - 12:00 Source

Since late December 2025, there have been widespread protests throughout Iran, which were first triggered by the country’s economic woes, including skyrocketing inflation and a catastrophic currency crash. Protests have more recently evolved into larger anti-regime demonstrations. Media reports more than 500 fatalities in protests and more than 10k arrests. The government has severely restricted

The post Anarcho-imperialism eyes Iran appeared first on MacroBusiness.

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MacroBusiness Monday, January 12, 2026 - 11:53 Source

When the ABS released the previous installment of its Household Spending Indicator (which has replaced its retail sales index) last month, the data was further fuel for the narrative that the next move in interest rates would be up. The data revealed that October held the highest month on month growth in nominal household spending

The post More pressure heaped on RBA to raise rates appeared first on MacroBusiness.

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MacroBusiness Monday, January 12, 2026 - 11:37 Source

It no longer matters where you live in Australia. Whether you’re a young person enjoying the beach in Sydney, the machetes in Melbourne, the boredom in Adelaide, the terrible driving in Perth, or any paddock in between, you can forget about owning your own home. The latest Cotality affordability report, out late last year, is

The post Surf to turf: housing affordability collapses everywhere appeared first on MacroBusiness.

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MacroBusiness Monday, January 12, 2026 - 11:00 Source

Shortly after the capture of Venezuelan President Nicholas Maduro, U.S. President Donald Trump held a press conference announcing that the U.S. would effectively “run” Venezuela. “We’re going to be running it with a group, and we’re going to make sure it’s run properly,” Trump said. Trump went on to add that the U.S. would be

The post Transforming global oil markets and geopolitical landscape appeared first on MacroBusiness.

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xkcd.com Monday, January 12, 2026 - 11:00 Source

I wanted to make the world's fastest yawl, so I made the aft sail bigger, but apparently that means it's not a yawl anymore! It's a real ketch-22.

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MacroBusiness Monday, January 12, 2026 - 10:30 Source

The US AI jobpocalypse took a breather on Friday night. Although job growth remains anaemic, labour market indicators were better for those who fear AI fallout. Youth unemployment fell to 10.4%. Moreover, the Challenger layoffs series recorded the lowest number of sackings in several years, with year-on-year declines of less than half. Layoffs attributed to

The post AI job destroyer fires 142 Americans appeared first on MacroBusiness.

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MacroBusiness Monday, January 12, 2026 - 10:00 Source

With the release of the latest poll from DemosAU, one of the Coalition’s worst fears has been realised: they are now neck and neck with One Nation in the primary vote. According to DemosAU, the Coalition gained 23% of the primary vote, along with One Nation, while Labor received 29% and the Greens 12%. Both

The post One Nation in dead heat with LNP appeared first on MacroBusiness.

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Your Democracy Monday, January 12, 2026 - 09:39 Source

On Friday morning, around 150 parents, students, and educators gathered for a press conference at Lake Hiawatha Park in South Minneapolis to demand ICE leave Minneapolis. The event took place two days after federal agents detained an on-duty school staffer and member of the Minneapolis Federation of Educators (MFE) at Roosevelt High School in Minneapolis.

 

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MacroBusiness Monday, January 12, 2026 - 09:30 Source

The burning of the books, along with the rounding up of all intellectuals and historians, are two of the prerequisites for any takeover of a liberal political economy by a tyrant. As any good despot knows, you can’t have the people informed about the context if you want to have them rounded up. Australian writers’

The post Australia burns the books appeared first on MacroBusiness.

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