Michael Pascoe

Michael Pascoe

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

Michael Pascoe

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

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.


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.

Comments 26

Driving the status quo


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

Generic. Qantas Airlines Qantas base Sydney.
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. 


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.


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".

Reading between QBE's lines

Michael Pascoe dinkus Dinkus

Michael Pascoe With QBE making issues and selling off bits and pieces to raise capital, someone more eagle-eyed than most spotted a sentence in the company’s results announcement that raises a question about...

Michael Pascoe

Can QBE handle a crisis?

QBE's John Neal is mindful of a 'reasonable range of downside scenarios'

Michael Pascoe It’s one thing for an analyst to have an opinion about a balance sheet being “stretched”, it’s another for an insurer to remark upon its ability to withstand a reasonable...

The alternative to your longevity and market worries: Sell Up, Pack Up & Take Off

Time to get away for good?: A new book could send us all scurrying to the airport.

Michael Pascoe You’re in the thick of reporting season, flat out trying to keep up with the news, wondering if your dividend income will be enough to live on, concerned about what might happen to interest...

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Michael Pascoe

How far will the wealth effect stretch?

Perhaps Clive Palmer should take tea with the  House of Representatives economics committee.

Michael Pascoe It can’t be easy fitting in a normal MP’s duties around all the lunch and dinner dates Clive Palmer is enjoying with federal ministers.

The Business Week ahead

Michael Pascoe How long can we expect housing prices to rise when wages are not? Michael Pascoe comments.

Joe blows it

Joe blows it (Thumbnail)Click to play video

Michael Pascoe It’s not easy to be sure who’s criticised Joe Hockey more this week – the Labor Party or his own side, whether on the record or off. Michael Pascoe Comments.


Joe Hockey's right - (nearly) everyone is against him

Insulated from the average citizen by his cheer squad: It's not easy being Joe Hockey this week.

Michael Pascoe It’s not easy to be sure who’s criticised Joe Hockey more this week – the Labor Party or his own side, whether on the record or off.

Selective sanctions

Selective sanctions (Thumbnail)Click to play video

Michael Pascoe It seems we’re very selective when it comes to imposing sanctions on a country that backs one side in a civil war against the other. Michael Pascoe comments.

Michael Pascoe

Team Australia's trade sanctions and what markets make of them

Russian President Vladimir Putin has banned the import of just about all Australian food products.

Michael Pascoe At the risk of letting down Team Australia, it’s worth keeping a little perspective about Ukraine’s civil war and Russia’s involvement when considering how much market impact it...

Michael Pascoe

Virgin keeps better US company than Qantas


Michael Pascoe Here’s the bad news if you’ve been saving up your Qantas frequent flyer points to use on its American partner airline – it’s the second worst of the 10 major US carriers.