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MacroBusiness Saturday, January 24, 2026 - 00:05 Source

International Reading: EU Freezes U.S. Trade Deal After Trump’s Unhinged Davos Speech – New Republic Majority of CEOs Alarmed as AI Delivers No Financial Returns – Futurism The U.S. debt now equals $229,000 per household—and a hefty tax hike looms as the most probable outcome – Fortune ‘This is sell America’ — U.S. dollar, Treasury

The post Weekend reading and MB media appearances appeared first on MacroBusiness.

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George Monbiot Friday, January 23, 2026 - 22:17 Source

The grim truth is that almost the entire political class aligns with the ultra-rich against the rest.

By George Monbiot, published in the Guardian 16th January 2026

There is one political problem from which all others follow. It is the major cause of Donald Trump, of Nigel Farage, of the shocking weakness of their opponents, of the polarisation tearing societies apart, of the devastation of the living world. It is simply stated: the extreme wealth of a small number of people.

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John Quiggin Friday, January 23, 2026 - 16:14 Source

The Australian government’s legislation seeking to ban access to social media for people under 16 has received plenty of attention in International media, mostly leading with the government’s that 4.7 million accounts were banned or deactivated when the legislation came into effect. Rather less attention has been paid to discussion of the outcome within Australia, where the consensus is that there has been very little effect for most.

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MacroBusiness Friday, January 23, 2026 - 15:00 Source

Asian share markets pivoted around inflation prints and other macro news as the chaos from Davos dies down although the TACO trade remains in play. The USD remains under pressure against almost all major undollars particularly antipodean with the Australian dollar pushing through resistance to head above the 68 cent level while bond market stress

The post Macro Afternoon appeared first on MacroBusiness.

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MacroBusiness Friday, January 23, 2026 - 14:00 Source

The latest data from Stats NZ reveals that immigration into New Zealand remains historically low, with only 10,691 net migrants landing in the year to November 2025: This level of net overseas migration is well below the decade average of 49,000 and is a fraction of the circa 130,000 peak migration recorded in 2023. Arrivals

The post Kiwis continue to flee New Zealand for Australia appeared first on MacroBusiness.

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MacroBusiness Friday, January 23, 2026 - 13:30 Source

That gold has not come off post-Greenland tells us it is now in the blowoff phase. If gold has become attached to the mind of the American madman, then this is going to be epic. RSI at 95 is mad. Vol is entering blowoff. Wow. Wow. Wow. Wow. Can’t buy this, alas, even if the

The post The golden blowoff is here appeared first on MacroBusiness.

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Renew Economy Friday, January 23, 2026 - 13:09 Source

Claims and promises of carbon offset schemes are falling deep into the category of being ‘too good to be true’.

The post Buyer Beware: Carbon credit platforms repeating ills of the past appeared first on Renew Economy.

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MacroBusiness Friday, January 23, 2026 - 13:00 Source

This is my fourteenth year of working from home. I brew my coffee, and when I need a hit while driving, I almost always purchase a cheap $2 coffee from a service station or convenience store. While travelling around New South Wales and regional Victoria over the Christmas break, I visited several cafés and was

The post $7 coffees are the tipping point for 28,000 cafés appeared first on MacroBusiness.

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Renew Economy Friday, January 23, 2026 - 12:51 Source

Australia's bushfire threat is beyond 'worst case scenario's experts say. (AAP Image/Darren Pateman)Australia has just experienced its worst heatwave in six years but it's set to become much more common under existing policies to curb carbon emissions.

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MacroBusiness Friday, January 23, 2026 - 12:30 Source

Westpac is unmoved by the good jobs report. The December LFS clearly landed on the firmer side and the wash-up for the last few months suggests that the ‘gradual softening’ narrative, which characterised the bulk of last year, paused or completely halted. This leaves us with the question of whether further gradual softening is still

The post Major banks: still no rate hikes appeared first on MacroBusiness.

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Renew Economy Friday, January 23, 2026 - 12:20 Source

There will be daily cap on the federal government's Shared Solar free power offer, to ensure owners of EVs and home batteries don't abuse the system.

The post Shared solar: Labor’s “free power” plan to have daily cap to stop abuse by EV and home battery owners appeared first on Renew Economy.

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MacroBusiness Friday, January 23, 2026 - 12:00 Source

China’s population fell for the fourth straight year in 2025, dropping by about 3 million people, as the country recorded its lowest birthrate since 1949. Births fell to 5.63 per 1,000 people, the lowest since the founding of the People’s Republic in 1949. Only 7.9 million babies were born in 2025, down sharply from 9.5

The post China will grow old before it becomes rich appeared first on MacroBusiness.

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MacroBusiness Friday, January 23, 2026 - 11:30 Source

With the release of the most recent Newspoll revealing that support for the Coalition on primary vote has fallen behind One Nation and to its lowest level on record (i.e., 22% for One Nation vs 21% for the LNP), it’s worth exploring what demographics are shifting their vote behind Pauline Hanson. Using granular data from

The post Who is voting for One Nation? appeared first on MacroBusiness.

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Renew Economy Friday, January 23, 2026 - 11:04 Source

SMA solar farmDeveloper of what was once hailed as the biggest solar hybrid project cuts PV component in half, due to "reduced appetite" and to addre

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MacroBusiness Friday, January 23, 2026 - 11:00 Source

In 2024, The Age reported the YIMBY (‘Yes In My Backyard’) manifesto as follows: “Key to the YIMBY manifesto is the idea that a restrictive planning system, including existing height and heritage controls, is blocking a potential deluge of apartment construction in inner and middle Melbourne that – if allowed – would force down prices

The post Australia’s housing supply pipeline is broken appeared first on MacroBusiness.

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Renew Economy Friday, January 23, 2026 - 10:32 Source

Fortescue wind technology company says its turbines will be the "tallest, mightiest and the widest," and will cost up to 30 pct less than traditional towers.

The post “Tallest, Mightiest and Widest:” Fortescue’s unique wind tech sees 30 pct cost savings over traditional towers appeared first on Renew Economy.

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MacroBusiness Friday, January 23, 2026 - 10:30 Source

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.

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MacroBusiness Friday, January 23, 2026 - 10:00 Source

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 Source

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.

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MacroBusiness Friday, January 23, 2026 - 09:30 Source

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 Source

 BHP.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.

The post Biggest battery on standby as rooftop PV sets stunning new records, meeting 117 pct of state demand appeared first on Renew Economy.

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MacroBusiness Friday, January 23, 2026 - 09:08 Source

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 Source

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.

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Renew Economy Friday, January 23, 2026 - 08:40 Source

Australia's biggest batteryA 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 […]

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Your Democracy Friday, January 23, 2026 - 08:00 Source

 

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.

 

Greg Barns

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Your Democracy Friday, January 23, 2026 - 07:39 Source

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 Source

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.

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Your Democracy Friday, January 23, 2026 - 06:55 Source

 

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 Source

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.

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MacroBusiness Thursday, January 22, 2026 - 16:30 Source

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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