Senior Economist at Westpac Group. All views expressed here are my own & may, or may not, reflect the views of Westpac Group. A retweet is not an endorsement.
Joined April 2015
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694 Photos and videos
Justin Smirk retweeted
30 Oct 2024
September quarter CPI data showed inflationary pressures continue to ease, but probably not by enough to trigger an RBA rate cut by year-end, says Westpac Chief Economist Luci Ellis.
westpac.com.au/news/making-n…
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Justin Smirk retweeted
2 Oct 2024
In my book, ‘Retelling Australia’s Water Story’, I argue for a more inclusive vision for managing water into the future.
How do we create a sustainable Australian water future? abc.net.au/listen/programs/t… via @ABCaustralia
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Justin Smirk retweeted
10 Oct 2024
These 5 ‘post-truth’ claims are fuelling the water wars in Australia theconversation.com/these-5-… via @ConversationEDU
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Justin Smirk retweeted
10 Oct 2024
Highlights from my National Press Club Address and book of the same title: Retelling Australia’s Water Story globalwaterforum.org/2024/10…
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19 Sep 2024
In preparation for my trip to PNG next week we have published our PNG Economic Update with the focus on our new Imports Indicator which suggests imports into PNG have been trending down since February!
westpaciq.com.au/economics/2…
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19 Sep 2024
A great update from Ryan Wells and as noted earlier, nothing here points to a rate cut by the RBA this year.
westpaciq.com.au/economics/2…
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19 Sep 2024
The labour market remains tight. Don’t fall for it was all partime. Hours worked grew more than employment while participation is trending higher, even for males. There is no chance of a rate cut on these numbers this year!
19 Sep 2024
The trend data in today's @ABSStats Labour Force release continues to suggest it's a relatively tight labour market.
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3 Aug 2024
Oh my god - El Capitan with his only his feet & hands! I have nothing to add!
2 Aug 2024
Czech climber Adam Ondra conquers El Capitan in Yosemite National Park with a free climb. This is pretty much my worst nightmare.
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24 Jul 2024
We have held are June Qtr CPI forecast since early June and it remains 1.0%qtr. The all important Trimmed Mean also remains 0.9%qtr. If the CPI prints as we expect it does not close the window for a potential rate cut in November.
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13 May 2024
If this is real, and not just a well edited video, this is amazing and ground shaking!
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7 May 2024
Australia can clearly do better - we need to stop the excuses and make the needed changes.
7 May 2024
Never ask a man his salary, a woman her age, or an Anglophone country how it’s housing policy is going.
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Justin Smirk retweeted
16 Apr 2024
Economics is an ecosystem and I love most or perhaps even all of it. Theorists. Empiricists. Government statisticians. Ivory tower academics. In the trenches think tankers. Investment bank economists. Government economists. Tweeters. And many more I didn't mention.
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18 Jan 2024
Electric cars are not the future - First off my personal bias, I don’t own a car and have many bicycles. And part of the reason why is exactly this, urban mobility should not focus on a particular form of transport but a variety of options ft.com/content/61adc32b-6ce0…
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18 Dec 2023
As we head into the festive season something to think about.
17 Dec 2023
A lot of leftists -- and some rightists -- believe that national wealth comes from imperialist extraction of resources.
No. It does not. The global economy is not like a Dungeons and Dragons game, where you beat up other people and take their gold.
noahpinion.blog/p/nations-do…
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This great 1997 article by Bob Shiller has survey evidence on to why people dislike inflation: they don't believe wages would be very different if inflation were lower.
They think inflation makes them worse off from higher prices, as wages would be the same w/o inflation.
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9 Oct 2023
This is something I think about everyday until I get a headache. How are we going to transition to net zero, get the investment we need and meet the social/economic demands of the wider community? We are way of being close to achieving any of these goals.
9 Oct 2023
OPINION: Vik Bansal, the chief executive of building products giant Boral, has provided a reality check on how the energy transition is actually rolling out for Australian industry. bit.ly/3tg21iP
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9 Oct 2023
This helps to reposition a lot of the conflict’s into the context of the decline of superpowers & the rise of regional powers.
9 Oct 2023
The conflict in Nagorno-Karabakh “is not a Samuel Huntington-style clash of civilizations,” writes Georgi Derluguian. Instead, “it’s a harbinger of the coming world disorder.” nyti.ms/3PVcJ6i
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3 Oct 2023
Used judiciously the Monthly CPI is a powerful indicator of the quarterly CPI. Aug is the mid month of the qtr & brings a larger share of services. On this basis, stronger crude oil prices & lower AUD we have upgrade our inflation forecasts.
westpaciq.com.au/economics/2…
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7 Sep 2023
There is a high probability of climate change being an existential crisis so we need to take out insurance. Yet we don’t understand the cost of that insurance nor the cost of climate change as we are nowhere close limiting the increase to just 2 degrees.
westpaciq.com.au/economics/2…
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