Michael Pascoe

Michael Pascoe

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

Economy

The high cost of houses: someone else's problem

Michael Pascoe House prices seem to be a problem for everyone except the federal government.

Jawbone of a house

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

Michael Pascoe The start of the week has one absolute certainty. There will be more stuff about house prices, the national obsession. Michael Pascoe comments.

Michael Pascoe

Free Freya, because it vibes all wrong

Prime Minister Tony Abbott's daughters were seen regularly during the last federal election campaign.

Michael Pascoe Dodgy operators around the nation should rejoice in the news that Freya Newman has pleaded guilty to accessing restricted data and faces the possibility of a couple of years in prison.

Pascoe

Have a cigar! Hockey's $2 billion win at the Forex casino

Joe Hockey is holding a good hand with the weakened Aussie dollar.

Michael Pascoe Joe Hockey could do with a change of fortune. With his personal approval ratings shot, the budget in all sorts of bother, Tony Abbott bullying him over who can be Treasury secretary and Peter...

Old King Coal not dead yet

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Michael Pascoe Proposed Chinese regulations aiming to curb coal fueled pollution might not harm Australian coal industry after all. Michael Pascoe explains.

Michael Pascoe

There’s fire in our China coal exports yet

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Michael Pascoe Reports of Old King Coal’s death have been exaggerated, but he’s certainly not as healthy as he used to be.

Michael Pascoe

How to double the price you - and your neighbours - get for your house

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Michael Pascoe It happens, but not very often: neighbours band together to sell their houses for substantially more as a group than they could as individuals.

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Australian dollar dips

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

Michael Pascoe Expectations of a US interest rate rise in the offing have been supporting the US dollar and that’s been helping our dollar weaken.

Business Week: Bombs away, markets up

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Photograph by Edwina Pickles. 
Taken Jan 2009. DIGICAM 100344Click to play video

Michael Pascoe A possible nervous start to the week after a weekend of softer Chinese statistics, Scottish voting and Australia joining another war. Michael Pascoe comments

Michael Pascoe

Competitive federalism gets you what you pay for

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Michael Pascoe "Competitive federalism" was explicitly pushed by the Coalition's Commission of Audit, is implicit in Joe Hockey's first budget and is likely to underpin the looming federalism white paper.

Michael Pascoe

Australian iron ore miners will do well out of shake-out - eventually

Michael Pascoe dinkus Dinkus

Michael Pascoe It takes two graphs to put the current mini-panic over the iron ore price into perspective, to realise that Australian miners should eventually do quite nicely out of the present shakeout.

Pascoe

Here comes Happy Joe, seven months late

Federal Treasurer Joe Hockey.

Michael Pascoe The economic momentum Joe Hockey has belatedly spotted appears to be slowing.

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Driving the status quo

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Michael Pascoe We’re well used to the “Australian premium” – the extra price charged for everything here from iTunes to Mercedes Benz because, well, because the importers can.

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The Business Week ahead

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Photograph by Edwina Pickles. 
Taken Jan 2009. DIGICAM 100344Click to play video

Michael Pascoe A massive week for statistics and a busy one for the Reserve Bank. Michael Pascoe reports.

Michael Pascoe

Business investing in the economy we don't talk about

While mining and manufacturing get plenty of attention, the game has moved on.

Michael Pascoe It sometimes seems capital investment commentary in Australia concentrates on mining and manufacturing, perhaps because they are industries with unhappy outlooks and bad news is good news.

Michael Pascoe

You want me to pay for it, I want a say in it

Election-bound: NSW Premier Mike Baird.

Michael Pascoe You’re running a failing business in an industry that’s on the nose, plagued by corruption and other illegalities.

Reporting season: Market expectations a sideshow to main game

AFR photo Tamara Voninski.  Investors view the ASX stock board on Bridge Street in Sydney. generic stock exchange ASX  investor shares portfolio

Michael Pascoe Remember the usual doomcasters not very long ago suggesting that this would not be a nice corporate reporting season? Turns out they were wrong, even on the largely irrelevant game of market...

Michael Pascoe

Nostalgia aside, the old BHP doesn't exist

The BHP that existed before Brian Gilbertson and Billiton arrived has long since ceased to exist, argues Michael Pascoe.

Michael Pascoe It has been an easy and tempting line: the restructuring of BHP Billiton announced this week was something of a demerger of the old BHP and old Billiton. 

Media

Australian newspapers dragging down News Corp

FILE - In this July 17, 2014 photo, Rupert Murdoch, executive chairman of News Corporation, listens to a question during a panel discussion at the B20 meeting of company CEOs in Sydney, Australia. Murdoch?s 21st Century Fox on Tuesday, Aug. 5, 2014 said it is abandoning its attempt to take over Time Warner in a proposed deal that would have combined two of the world?s biggest media companies. (AP Photo/Jason Reed, Pool, File)

Michael Pascoe It’s now clear why News Corp doesn’t break out the profitability of its Australian newspapers – there may not be any.

Economy

The government is failing at the limits of monetary policy

RBA governor Glenn Stevens.

Michael Pascoe The Reserve Bank governor has effectively declared 6.25% unemployment is "kind of OK".