Michael Pascoe

Michael Pascoe

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

Michael Pascoe

On the budget and the economy, Joe Hockey is faking it

Michael Pascoe Comment: The treasurer is giving the politics of the budget precedence over the welfare of the economy.

Michael Pascoe

What Ukraine might mean for markets


Michael Pascoe Unfortunately, we're never quite able to trust the world to be rational.

Business Week

Qantas shock? Shouldn't have been

Qantas' problems shouldn't have been such a shock (Thumbnail)Click to play video

Michael Pascoe Planes have a warning device telling the pilot to pull up when heading for trouble. The Qantas boardroom could do with one of those too.

Michael Pascoe

How much longer does Alan Joyce need?

Alan Joyce, chief executive officer of Qantas Airways Ltd., attends a news conference in Sydney, Australia, on Thursday, Feb. 27, 2014. Qantas, Australia's biggest airline, will cut 5,000 jobs and defer new jets as Joyce steps up the case for government assistance after a A$252 million ($226 million) loss. Photographer: Brendon Thorne/Bloomberg *** Local Caption *** Alan Joyce

Michael Pascoe Planes have a warning device telling the pilot to "pull up, pull up" when heading for trouble. The Qantas boardroom could do with one of those too.

Michael Pascoe

Joe Hockey sets himself the lowest of hurdles to save the world

SYDNEY, AUSTRALIA - FEBRUARY 22:  Joe Hockey, Australia's treasurer, attends a media briefing ahead of the G20 Finance Ministers and Central Bank Governors meeting in Sydney on February 22, 2014 in Sydney, Australia. This event is the first major G20 meeting under Australia's presidency in 2014.  (Photo by Lisa Maree Williams/Getty Images)

Michael Pascoe Joe Hockey has framed the rules for the local politico-economic game to suit himself with hurdles so low that they're part of the grass.

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Michael Pascoe

Beware the China bears, because shock and horror ain't what they used to be

Mei Xiang, the female giant panda at the Smithsonian's National Zoo in Washington.

Michael Pascoe Comment: For those interested in keeping a little perspective, here are a few minor points about the latest China PMI reading.

Michael Pascoe

Bumper profits but sounds of silence in Canberra

Treasurer Joe Hockey delivers the Mid-Year Economic and Fiscal Outlook at the National Press Club of Australia in Canberra on Tuesday 17 December 2013. 
Photo: Alex Ellinghausen

Michael Pascoe Another bumper round of company profits and improving outlook are the best news we've had about the economy in nine months.

Comments 164

Michael Pascoe

Arthur Sinodinos knows how it works, you can bank on it

Michael Pascoe The most contentious reform of the still-young Future of Financial Advice (FoFA) legislation - bringing commissions back from the dead - is purely the work of the big banks and Senator Sinodinos.

Business Week: Profits ahoy

Business Week: Profits ahoy (Thumbnail)Click to play video

Michael Pascoe A massive week for corporate results with more implications for the May budget.

Business Week: Worse and worser

Michael Pascoe, Bill Shorten and Tony AbbottClick to play video

Michael Pascoe It is hard to decide which was the sillier aspect of the unemployment rate hitting 6 per cent Thursday. Michael Pascoe reports.

Michael Pascoe

Blame Labor voters for falling consumer confidence

Business confidence down.

Michael Pascoe You can blame Labor for the fall in the Westpac/Melbourne Institute consumer confidence index. Well, Labor voters anyway.


Doomsday forecasts and cheaper cars: reality-checking Toyota’s exit

Michael Pascoe

Michael Pascoe Who knew Tony Abbott was such a dab hand at irony?

Remember Hockey's MYEFO fear and loathing?

Michael Pascoe Most people missed Friday's big economic news. MIchael Pascoe comments.

Michael Pascoe

Joe Hockey’s tough talk just sticking to the treasurers’ script

Michael Pascoe Joe Hockey has talked tough before without delivering.

Michael Pascoe

RBA takes away Joe Hockey’s pain

Joe Hockey

Michael Pascoe The Federal Government’s budget outlook has been transformed by the RBA

Michael Pascoe

Forget bananas. We’re a coffee republic


Michael Pascoe Comment: Our restaurant and coffee habits show why there's no need for lower interest rates.

Michael Pascoe

In the dark on the RBA's 'short term' thinking

Glenn Stevens.

Michael Pascoe How long is the “short term”, in the RBA’s view of things?

The business week ahead

Michael Pascoe It's increasingly likely that the Australian economy is in better shape than Joe Hockey outlined in his MYEFO statement seven weeks ago. Michael Pascoe comments.

RBA to upgrade forecast, despite Hockey's pessimism

Reserve Bank of Australia building at Martin Place. Generic RBA, interest rates. Monday 30th April 2012 AFR photo Louie Douvis

Michael Pascoe It's just seven weeks since Joe Hockey painted a gloomy economic outlook. But on Friday, the RBA is likely to say the Treasurer was too pessimistic by upgrading its own forecast for 2014.

Michael Pascoe

It's been a good news week

Australian dollar.

Michael Pascoe This has actually been good news week for the Australian economy – and it was only four days long