Michael Pascoe

Michael Pascoe

Michael Pascoe is a BusinessDay contributing editor. He comments on companies, markets and the economy.

RBA unmoved by weak data week

Generic. Qantas Airlines Qantas base Sydney.
Photograph by Edwina Pickles. 
Taken Jan 2009. DIGICAM 100344Click to play video

Michael Pascoe Low level of rates is providing as much stimulus as the RBA wants, especially while the Australian dollar is still weakening.

Score one for the RBA crystal ball

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Michael Pascoe After this week's weak economic data, it's no time to panic on monetary policy – just time to adjust to this, the new normal.

Comments 13

Joe Hockey’s pull-forward retail policy leaves a hole

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Michael Pascoe It's like the small business tax stimulus didn't happen. Maybe that weaker Australian dollar will ride to the Treasurer's rescue in three months' time.

Comments 38

Budget GDP guess close to the mark – but some numbers don't add up

Michael Pascoe

Michael Pascoe Whichever story you want to tell about the economy, you can generally find a number to suit.

Michael Pascoe

RBA September meeting preview: Business herd needs to be bolder

Michael Pascoe

Michael Pascoe You can't keep downsizing your way to executive bonuses indefinitely

Comments 4

Building approvals cool, rates moving

Building cooling, rates moving (Thumbnail)Click to play video

Michael Pascoe While building approvals have come down in the last few months, the RBA and US Fed are pondering interest rate moves. Michael Pascoe comments.

Michael Pascoe

Rough week? Joe Hockey's was worse

Michael Pascoe If you've had a rough week courtesy of market volatility, just consider how much worse it could have been.

Comments 2

Joe's wet week

Generic. Qantas Airlines Qantas base Sydney.
Photograph by Edwina Pickles. 
Taken Jan 2009. DIGICAM 100344Click to play video

Michael Pascoe Hockey came, underwhelmed, and left – which was probably a good idea because when a conservative Treasurer loses the accountants, well…

Reform agenda is in the wrong hands

Michael Pascoe Too bad it's politicians we rely on to drive economic reform.

Comments 2

ASX: Don't follow the herd but watch out for opportunities

Michael Pascoe

Michael Pascoe Perma-bears tend to miss the upsides.

Comments 34

Stock market heresy

Stock information is displayed on an electronic board inside the Australian Securities Exchange, operated by ASX Ltd., in Sydney, Australia, on Friday, July 24, 2015. The Australian dollar slumped last week as a gauge of Chinese manufacturing unexpectedly contracted, aggravating the impact of declines in copper and iron ore prices. Photographer: Brendon Thorne/BloombergClick to play video

Michael Pascoe The stock market is looking more attractive now that it is down from its peak this year. Michael Pascoe comments.

Michael Pascoe

Interest-only-loans crackdown: ASIC protecting consumers or feeding the nanny state?

Michael Pascoe

Michael Pascoe ASIC is in danger of veering into nanny-state territory in its efforts to protect reckless borrowing.

Comments 26

Michael Pascoe

Reserve Bank: This is the way it is

Michael Pascoe

Michael Pascoe The minutes of this month's Reserve Bank board meeting answer a couple of important questions about the Australian economy.

Comments 9

More to attack on industry fund governance than meets the headline

Michael Pascoe Just because you're paranoid, it doesn't mean you're not being followed. That's the way industry super funds seem to be feeling about the government's attack on their governance.

Comments 17

Why it takes leadership to explain a GST increase

Michael Pascoe

Michael Pascoe Joe Hockey is sticking to his fairy tale version of Australia's outlook, the reality of good tax reform is much more grim.

Comments 13

Did Labor voters get a Bronwyn Bishop boost?

Michael Pascoe

Michael Pascoe It's a mistake to read too much into consumer confidence surveys and a bigger mistake to read too much into one month's survey, but the latest Westpac/Melbourne Institute effort poses an interesting...

Comments 37

Joe Hockey uses the good old 'look, there's a foreigner' stunt

Michael Pascoe

Michael Pascoe As the unemployment rate rises and the Budget's growth forecast falls, why is Joe Hockey talking about six homes for sale?

Comments 152

RBA's subtle highlighting of capital gains tax, not negative gearing, over housing

Michael Pascoe

Michael Pascoe There's a subtle difference between the RBA's submission to a government housing inquiry and the opening statement by its head of financial stability, but it's a telling one.

Foreign students set to power housing

Michael Pascoe

Michael Pascoe They're often overlooked by people coming here to study could help fire the property market further

Business Week ahead

Generic. Qantas Airlines Qantas base Sydney.
Photograph by Edwina Pickles. 
Taken Jan 2009. DIGICAM 100344Click to play video

Michael Pascoe The start of one of the bigger weeks of the financial year and all within the shadow of Canberra's political circus. Michael Pascoe comments.