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.
Sydney, NSW, Australia
Joined April 2015
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Justin Smirk retweeted
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…
Justin Smirk retweeted
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
Justin Smirk retweeted
These 5 ‘post-truth’ claims are fuelling the water wars in Australia theconversation.com/these-5-… via @ConversationEDU
Justin Smirk retweeted
Highlights from my National Press Club Address and book of the same title: Retelling Australia’s Water Story globalwaterforum.org/2024/10…
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…
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…
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!
The trend data in today's @ABSStats Labour Force release continues to suggest it's a relatively tight labour market.
Justin Smirk retweeted
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.
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…
As we head into the festive season something to think about.
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…
Justin Smirk retweeted
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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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.
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
This helps to reposition a lot of the conflict’s into the context of the decline of superpowers & the rise of regional powers.
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
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…
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…
