Michael Pascoe

Michael Pascoe

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

Michael Pascoe

Super Australian dollar keeping interest rates down

Michael Pascoe There's a problem for those predicting a Reserve Bank interest rate rise sooner rather than later: the stronger Australian dollar is already doing much of the job that a rate increase would do.

Michael Pascoe

Hold your horses: Sharemarket crash talk overblown

Stock crash

Michael Pascoe You think what happened on Nasdaq last night was bad, just wait for this Saturday: investments in the vast majority of the horses racing at Randwick will be totally wiped out.

Michael Pascoe

Has Canberra nobbled the IMF?

Michael Pascoe

Michael Pascoe I give up – what's with the International Monetary Fund publishing an out-of-date forecast for the Australian economy? Has the shadow of official Joe Hockey gloom fallen over its Washington...

Michael Pascoe

Consumer confidence: We're pessimistic but spending up

Michael Pascoe For a nation where consumer pessimists apparently outnumber optimists, we're spending remarkably strongly and looking to borrow more.

Michael Pascoe

David Jones takeover: The foreign brands are here because Australia is rubbish at retail

David Jones.

Michael Pascoe The African Woolworths' bid for David Jones is another indication of outsiders seeing value and opportunity that the locals had missed.

Michael Pascoe

Trade deal: Japan wins, and why that's good for Australia

Michael Pascoe

Michael Pascoe Make no mistake, Japan is the big winner from the slight reduction in agricultural trade barriers - and that's a perfectly good and very desirable thing.

Business Week: the politics of confidence

Michael Pascoe Despite a steady improvement in business confidence, many organisations are still concentrating on driving their existing assets harder, rather than investing in new ones. Michael Pascoe comments.

Michael Pascoe

RBA governor goes where politicians fear to tread

NEWS - Reserve Bank Governor Glenn Stevens speaking at an Economic Society of Australia Business Luncheon in Brisbane.

Michael Pascoe Comment: The last thing politicians want is a reminder of the politically unpalatable decisions ahead of them, but they've had two in as many days.

Michael Pascoe

For the RBA, timing is everything when you're saying very little

Reserve Bank Governor Glenn Stevens

Michael Pascoe The Reserve Bank has effectively said nothing new about the economy, the currency, or interest rates, but it hasn't "not said" anything either.

Michael Pascoe

Abandon principles and pay the price

Cardinal George Pell.

Michael Pascoe In an increasingly connected and recorded world, truth won't just out, it will come screaming back to bite.

Super Aussie keeps us guessing

Super Aussie keeps us guessing (Thumbnail)Click to play video

Michael Pascoe The correct answer to where the Australian dollar is heading? I don't know. Michael Pascoe investigates.

Michael Pascoe

India's corruption tragedy hurts us all

An Indian counts currency notes

Michael Pascoe While the China bears and bulls do daily battle and our markets wobble one way or the other on a percentage point of Chinese growth data, a genuine disaster continues to build to our north and...

Michael Pascoe

A bigger pie is China's main game

Chinese flags stand for sale at a magazine stall in the Tianhe district of Guangzhou, Guangdong province, China, on Saturday, Nov. 30, 2013. China's government may set its 2014 growth target at 7 percent, the Economic Information Daily reported on Dec. 3, citing the State Information Center. This compares with a goal of 7.5 percent for this year. Photographer: Brent Lewin/Bloomberg

AFR 19-02-2014

Michael Pascoe Despite the now-usual fervour around a China's PMI, there's no panic about the main game.

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The real issue of housing affordability

The real issue of housing affordibility (Thumbnail)Click to play video

Michael Pascoe There is a major issue in this country about housing affordability, and no, Chinese buying is not a problem as long as we increase supply. Michael Pascoe comments.

Michael Pascoe

Housing affordability inquiry another toothless tiger


Michael Pascoe Viewers of those great documentaries, Yes, Minister and the ABC's The Hollow Men, will understand exactly what happened this week when the House of Representatives Economics Committee chair, Kelly...

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Michael Pascoe

Answer the question please, Mr Hockey

Joe Hockey

Michael Pascoe It seems that if there's one thing Joe Hockey doesn't want to talk about any more, it's the rubbery MYEFO figures he trotted out in full Doomsday mode in December.

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Michael Pascoe

RBA gives us all a cold shower

STEVENS.AFR.30 JULY 2013.Photo by ROB HOMER ....... governor of the reserve bank GLENN STEVENS speaking at an anika foundation luncheon at the four seasons hotel today.

Michael Pascoe There's a clear message in the latest Reserve Bank board minutes: the media and politicians of all stripes should go have a cold shower as their scaremongering and ignorance is not doing the country...

Michael Pascoe

Arthur Sinodinos leaves the back door open

Arthur Sinodinos

Michael Pascoe Leave a gap under the door too small for a cockroach to crawl under and a financial engineer will still install an empire.

Business Week: China less fast

Business Week: China less fast (Thumbnail)Click to play video

Michael Pascoe In China’s case, a slower rate of growth doesn’t necessarily mean slower absolute growth, given the larger pie.

Michael Pascoe

Please Mr Abbott, stick to the facts

Tony Abbott

Michael Pascoe There's a 1960s quote attributed to former US Senator and Ambassador Daniel Moynihan that's increasingly apt half a century later: "You're entitled to your own opinion, but not your own facts.

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