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MacroBusiness
Friday, January 23, 2026 - 10:30
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I noted yesterday that Australia’s East Coast is currently enjoying a flush of wholesale energy price relief, as a cool summer delivers cheaper, less frequently used gas-fired power to set the price for power. The result has been the cheapest quarter of wholesale power since Albo’s energy vandals won government in 2022. If we don’t The post Five years of energy price relief ahead, if… appeared first on MacroBusiness. |
MacroBusiness
Friday, January 23, 2026 - 10:00
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I reported earlier in the week on the massive rise in bridging visas, which has been driven by former international students. As illustrated above, the number of bridging visas on issue ballooned by 201,300 between Q3 2019 and Q3 2025. The Attorney-General’s department recently reported an “unprecedented surge” in appeals over student visa refusals, which |
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Your Democracy
Friday, January 23, 2026 - 09:44
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Friday is “ICE Out of Minnesota: Day of Truth & Freedom,” a general strike supported by Minnesota’s unions, progressive faith leaders, Democratic lawmakers and community activists. |
MacroBusiness
Friday, January 23, 2026 - 09:30
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The ferrous jaws remain far too wide. Scuttlebutt is negatory. Australia’s Fortescue posted a 2% rise in second-quarter iron ore shipments, supported by the resilient performance of its Iron Bridge project alongside an uptick in output from its hematite operations. It maintained its forecast for fiscal 2025/26 shipments, with quarterly iron ore shipments remaining at The post Save steel, not Twiggy appeared first on MacroBusiness. |
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Renew Economy
Friday, January 23, 2026 - 09:14
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The post Biggest battery on standby as rooftop PV sets stunning new records, meeting 117 pct of state demand appeared first on Renew Economy. |
MacroBusiness
Friday, January 23, 2026 - 09:08
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Via Judo Bank. Flash Australia Composite PMI Output Index: 55.5 (Dec: 51.0) Flash Australia Services PMI Business Activity Index: 56.0 (Dec: 51.1) Flash Australia Manufacturing PMI: 52.4 (Dec: 51.6) To cope with rising workloads, Australian firms hired additional staff at the start of the new year. That said, the overall rate of employment growth softened The post Flash PMI bounces into New Year appeared first on MacroBusiness. |
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MacroBusiness
Friday, January 23, 2026 - 09:00
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Wall Street continued the TACO trade overnight led by tech stocks while a series of high inflation data in the US failed to get the USD moving higher with all undollars continuing the structural “off-America” risk trade with the Australian dollar making another new high. Gold surged again alongside silver while oil prices fellback and The post Macro Morning appeared first on MacroBusiness. |
Renew Economy
Friday, January 23, 2026 - 08:40
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Your Democracy
Friday, January 23, 2026 - 08:00
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A sweeping new bill to combat antisemitism, hate and extremism was rushed through federal parliament this week with minimal scrutiny and major rule-of-law flaws. Its vague definitions, retrospective reach and expanded executive powers risk undermining rights, due process and democratic accountability.
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Your Democracy
Friday, January 23, 2026 - 07:39
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Miller is a grotesque figure granted power, a carnival barker of repression whose racism operates as projection: a deep, unresolved self-loathing displaced outward and weaponized. |
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MacroBusiness
Friday, January 23, 2026 - 07:27
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DXY slumped post-Greenland deal. The Davos speech of the American madman was an obnoxious mess about “Iceland”. Hard to see how DXY can flourish as POTUS loses his mind. AUD had a multi-sigma day to remember after the strong jobs numbers. Without CNY help. But with gold’s help. No Greenland dump for gold. This is The post Australian dollar blows roof off in perfect strom appeared first on MacroBusiness. |
Your Democracy
Friday, January 23, 2026 - 06:55
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As the hypersonic penetrators broke through the cloud layers, each was enveloped in a luminous plasma sheath, producing brief but violent flashes that momentarily illuminated the surrounding atmosphere. These flashes were not explosions in the conventional sense, but visual signatures of extreme velocity, friction, and compression as the warheads tore through dense air at hypersonic speed.
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MacroBusiness
Friday, January 23, 2026 - 00:05
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Like Australia, Canada experienced a record surge of immigration once borders opened following the Covid-19 pandemic, with the nation adding around 1.2 million people in 2023 alone. This record spike in immigration caused a slew of problems for Canada, including severe housing shortages, skyrocketing rents, productivity and infrastructure stress, services inflation, and rising youth unemployment. |
MacroBusiness
Thursday, January 22, 2026 - 16:30
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Asian share markets are generally higher across the region with only Chinese shares taking a breather as markets react to YATT (Yet Another Taco Trade) from Trump as all is forgiven over Greenland at Davos. Of course the “America-off” strategy is still in play as a broader trend with more news of Treasuries being sold The post Macro Afternoon appeared first on MacroBusiness. |
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Renew Economy
Thursday, January 22, 2026 - 15:45
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The post Ocean heat is especially bad for Australia, buy disaster recovery shares appeared first on Renew Economy. |
Renew Economy
Thursday, January 22, 2026 - 14:53
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The post AGL revives zombie gas power plant idea first proposed 14 years ago, to locals’ horror appeared first on Renew Economy. |
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Renew Economy
Thursday, January 22, 2026 - 14:37
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The post “They don’t spin:” Trump says China only sells wind turbines to stupid people appeared first on Renew Economy. |
Renew Economy
Thursday, January 22, 2026 - 13:43
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The post Energy Insiders Podcast: Our oceans are heating and we are still burning coal appeared first on Renew Economy. |
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MacroBusiness
Thursday, January 22, 2026 - 13:30
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The great CBA bubble is deflating. The valuation metrics got completely out of hand. The forward P/E has tanked to about 24x, still well above the historical average of about 15x, so there is room for more falls. Why is it so? One reason is that global banks have been re-rated amid the monetary easing The post Why is the Aussie bank bubble bursting? appeared first on MacroBusiness. |
Renew Economy
Thursday, January 22, 2026 - 13:27
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Renew Economy
Thursday, January 22, 2026 - 13:15
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The post “It’s already saved our bacon:” Fortescue says its big batteries were bought at lowest prices seen in Australia appeared first on Renew Economy. |
MacroBusiness
Thursday, January 22, 2026 - 13:00
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Crikey has been publishing Wanning Sun for years now. Her bio is interesting. Wanning Sun is a professor of media and cultural studies at the University of Technology, Sydney. She also serves as the deputy director of the UTS Australia-China Relations Institute. She is a fellow of the Australian Academy of the Humanities and a The post Crikey welcomes its new Chinese overlord appeared first on MacroBusiness. |
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Renew Economy
Thursday, January 22, 2026 - 12:43
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The post All grown up: French giant takes full control of big battery built at site of world’s dirtiest coal generator appeared first on Renew Economy. |
MacroBusiness
Thursday, January 22, 2026 - 12:30
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Yes, you read it right. The last quarter of wholesale electricity has been the cheapest since the Albanese government came to power, averaging around 50Mw/h. This excellent outcome can be attributed to several factors. Power usage is well down quarter on quarter, year on year, thanks to a very mild summer. This, in turn, has The post Australia enjoys cheap power shock appeared first on MacroBusiness. |
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The Tally Room
Thursday, January 22, 2026 - 12:09
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The recent divisions between the Liberal Party and the Nationals, which seem to have culminated in the Nationals ending the coalition this morning, have made me think of the long history of the smaller conservative coalition partner exercising it’s influence over the larger party’s leadership. |
MacroBusiness
Thursday, January 22, 2026 - 12:05
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In this week’s podcast, Nucleus Wealth’s Chief Investment Officer, Damien Klassen, breaks down the global market selloff triggered by a sharp jump in Japanese bond yields — exploring what drove the move, why it rattled equities and currencies worldwide, and what it all means for investors navigating rising-rate risks. Join us when we go LIVE! |
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MacroBusiness
Thursday, January 22, 2026 - 11:53
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The odds of a near-term interest rate hike have increased dramatically following Thursday’s labour force report from the Australian Bureau of Statistics, which showed that headline unemployment declined to 4.1% in December, down from 4.3%. The key statistics are illustrated in the table below from Alex Joiner at IFM Investors: Most notably, the number of The post Falling unemployment pressures RBA appeared first on MacroBusiness. |
Renew Economy
Thursday, January 22, 2026 - 11:47
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The post Video: Our oceans are heating and we are still burning coal | Energy Insiders appeared first on Renew Economy. |
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MacroBusiness
Thursday, January 22, 2026 - 11:30
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At the May 2025 federal election, the Coalition secured just 21% of the primary vote of the members of Gen Y, only marginally above the Greens at 19% and well below Labor at 37%. But it wasn’t always like this for the Coalition and the Australian right. At the 2004 election, when the eldest member The post The right wins a majority of younger voters appeared first on MacroBusiness. |
MacroBusiness
Thursday, January 22, 2026 - 11:00
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Australia is already experiencing its worst rental crisis in modern history, with capital city advertised rents soaring by 43% over the past five years (to Q4 2025), adding $11,115 to the annual rental bill of the median tenant, according to Cotality. The Australian Bureau of Statistics (ABS) released housing construction data for the September quarter The post Australia’s housing crisis is entrenched appeared first on MacroBusiness. |
Rooftop solar reaches remarkable 117 pct of state demand in Australia's most advanced renewable state, requiring the biggest battery to be put on standby.
A third battery project proposed for the town of Collie in Western Australia has entered the federal government’s environmental approval queue ,which would see the construction of a 66-megawatt (MW) solar farm combined with a 200 MW battery energy storage system (BESS). Collie remains the heart of the state’s declining coal industry, but it is […]
Global ocean heat content increased by approximately 23 zetajoules (ZJ) in 2025, roughly 40 times annual global primary energy consumption. This is not good.
AGL revises plans for a major gas peaking plant for the third time at a highly contested site, and locals are up for another fight. 
Trump's attacks on renewables sound as daft as ever, so why do Australia's conservative politicians parrot them? 
UNSW Professor Matthew England, the world's leading expert on South Ocean modelling, discusses the catastrophic warming of our seas. Plus: Coal power extended in two states, and other news of the week.
Solar delivered the fastest energy transition in history, but that is 
Fortescue reckons it has secured lowest prices for its big batteries, and says its first project has already "saved its bacon" by keeping processing plants running despite fossil fuel hiccups.
Engie takes full ownership of its first big battery, located at the site of what was the world's most polluting coal generator. 
UNSW Professor Matthew England, a global authority on Southern Ocean modelling, explains the alarming warming of our seas. Plus: coal power extended in two states, and the week’s other key stories.