Michael Pascoe

Michael Pascoe

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

Farewell Joe Hockey, champion of cheap politics

Michael Pascoe Joe Hockey failed as treasurer even before he was sworn in.

Comment: Joe Hockey, farewell

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

Michael Pascoe Goodbye Joe Hockey, arguably our least effective treasurer since Jim Cairns, or maybe John Howard.

Business Week: If not now, when?

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

Michael Pascoe After all its positioning, warning, and posturing, the US Federal Reserve leaves interest rates steady instead of giving them a little nudge, because the world is an uncertain place right now.

Dear Janet Yellen, if you're not raising US interest rates now, when?

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Michael Pascoe It's not every day the RBA governor takes a swing at the US Federal Reserve. Glenn Stevens did this morning.

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On Canning eve, will the RBA tell the new PM to hurry up?

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Michael Pascoe While the financial world is focussed on the Fed's interest rate decision, local politicians might be more interested in what our Reserve Bank says or doesn't say on Canning Eve.

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Liberal leadership: New day, new government – sort of

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Michael Pascoe The worry is that Malcolm Turnbull's first policy direction flies in the face of the business confidence he rightly targets as needing to be restored.

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Liberal leadership: Vale Joe Hockey, cue business confidence bounce as Malcolm Turnbull takes on Tony Abbott

Federal Treasurer Joe Hockey.

Michael Pascoe Someone has to carry the can for the opinion polls if Abbott won't.

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Aussie's fall is putting gloss on local shopping

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Michael Pascoe Online retail and parallel importers are taking a hit as the weaker Aussie has us shopping local, throwing a lifeline to embattled retailers.

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A cavalcade of failure as G20 anniversaries roll round

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Michael Pascoe Whatever happened to Joe Hockey's G20 commitments?

Jobs, housing and the RBA

Michael Pascoe A business week ahead with important data for Joe Hockey to feel nervous about. Michael Pascoe comments.

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.

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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.

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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

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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.

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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.

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

Michael Pascoe

Michael Pascoe Perma-bears tend to miss the upsides.

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