Michael Pascoe

Michael Pascoe

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

Michael Pascoe

Regulate bicycles off the road

Michael Pascoe A bit like smoking, if the idea of riding bicycles on the open road was invented today, it would be banned.

Michael Pascoe

Storm brewing over our rich assets

Michael Pascoe

Michael Pascoe Privatisation, like so many Australian policy issues, often seems more the province of ideology than disinterested analysis.

Comments 67

Michael Pascoe

Where Abbott fails: pain must be seen to be shared

Tony Abbott

Michael Pascoe The government is giving the impression that it is committed to maintaining the privileges of the privileged, while whittling away at the breaks afforded the not-so-privileged.

Comments 384

Michael Pascoe

Putting a price on your bill-paying laziness



Michael Pascoe Here’s a New Year’s resolution that pays: Give your power company the flick to find out how much your laziness has been worth to them.

Comments 113

Michael Pascoe

New Zealand’s cows come home in its own commodities boom

Dairy cows, which produce milk for Fonterra Cooperative Group Ltd., stand on a farm in Alferston, near Auckland, New Zealand, on Friday, Feb. 15, 2008. Overseas shipments, which make up 30 percent of the $105
billion economy, rose at a sixth of the pace economists expected amid falling world commodity prices, while a drought forced some farmers to stop milking cows and send livestock to slaughter. Photographer: Brendon O'Hagan/Bloomberg News

Michael Pascoe It’s bad enough losing the rugby, but in 2014 Australians will have to suffer Kiwis getting uppity about their economy as well.

Comments 80

MIchael Pascoe

Why ASIC isn’t checking banks’ financial planners

Big four banks

Michael Pascoe I wonder if the average punter regards the cash element of his or her super fund as “wholesale money”. I suspect not.

Michael Pascoe

The op-shop guide to the Christmas market


Michael Pascoe Never mind equities, bonds, real estate and currencies, the market that counts in these last two trading days before Christmas is the opaque, insider-riven business of trading gifts.

Comments 6

Michael Pascoe

A barista for everyone : Why Australia's economy is looking far from bleak


Michael Pascoe A common mistake has been to describe Tuesday's MYEFO economic outlook as "bleak". For the vast majority of Australians, it's actually predicting an improvement on the present – and the present is...

Michael Pascoe

The deficit we had to have: Joe Hockey needs to drop the Santa Claus act

Caption: CANBERRA, AUSTRALIA - DECEMBER 17: Treasurer Joe Hockey delivers his midyear budget at National Press Club on December 17, 2013 in Canberra, Australia. The Coalition's midyear Budget explains how it intends to fund certain programs and what cuts will be made to balance the budget. (Photo by Stefan Postles/Getty Images) 

Byline: Stefan Postles

Michael Pascoe Presumably Joe Hockey believes these Treasury figures, so here’s the simplified bottom line.

Comments 190


'He was underpaid': ASA's Stephen Mayne hammers Murdochs over Greg Ellis' REA exit

Greg Ellis

Michael Pascoe While the Murdoch clan rewards itself most handsomely, it seems it’s lost an extremely well-performed CEO by not paying him well enough.

Michael Pascoe

Forex strategists not moved by taper


Michael Pascoe The big event or non-event of the week is supposed to be what the US Federal Reserve decides on Wednesday night: to taper, or not to taper, that is the question.

Michael Pascoe

Downside of the mining boom: resources sector's jobs crisis

Michael Pascoe

Michael Pascoe Call 2900 Holden jobs a crisis? Nah, this is a jobs crisis: 78,000 positions disappearing from resources construction over the next four years.

Resources industry construction jobs to collapse


Michael Pascoe The resources industry construction workforce is set to collapse over the next four years, plunging 91 per cent and shedding more than 78,000 jobs by 2018, dwarfing the Holden closure job losses.


Mining construction jobs to plunge by 78,000, study finds

Iron Ore

Michael Pascoe The resources industry construction workforce is set to collapse over the next four years.

The business week that was

The business week that was (Thumbnail)Click to play video

Michael Pascoe A week dominated by some rational policy outcomes handled in irrational ways and the usual self-serving hypocrisy on both sides of politics.

Michael Pascoe

The government got it half right

Michael Pascoe

Michael Pascoe It hasn’t been the best week for the Federal Government – behind in the opinion polls already and copping plenty of unfriendly headlines.

Comments 35

Michael Pascoe

The Holden demise is not all bad news

Michael Pascoe We're in danger of drowning under the bad news about Holden ceasing to manufacture in Australia from 2017 as the politicians try to blame each other, but not all of it is bad.

Comments 223

Michael Pascoe

Why Tony Abbott must change and govern for all Australians


Michael Pascoe Yes, the Coalition’s fall in the opinion polls has become an economic problem. The factors behind it are taking the shine off consumer confidence at a time when increased consumption and stronger...

Comments 123

Michael Pascoe

Abbott's to-do list looking hard and unpopular

Michael Pascoe

Michael Pascoe If the economy is to handle the transition from the resources construction phase, Abbott has the problem of having to reverse four years of anti-government spending rhetoric.

Comments 130

Michael Pascoe

Glenn Stevens knows forecasting the $A is a mug's game

Glenn Stevens.

Michael Pascoe No wonder Glenn Stevens didn’t want to say much to The Wall Street Journal – when you’ve had a win at the casino, it’s always a good idea to walk away.