Michael Pascoe

Michael Pascoe

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

Michael Pascoe

How much longer does Alan Joyce need?

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.

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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

What the..? This week's business

What the..? This week's business (Thumbnail)Click to play video

Michael Pascoe An action packed week with plenty of interesting interactions between politics and economics. Michael Pascoe comments.

Michael Pascoe

It's not a contraction: getting it right on China data

Michael Pascoe Another purchasing managers index, more misreporting, another excuse for the market doing what it’s doing.

Michael Pascoe

AMP stakes claim in a new China boom

An investor reads  information on stocks with a magnifying glass at a stock exchange in Wuhan, China Monday May 21, 2007. Chinese stocks rose to a record close Wednesday for the third straight session on optimism over reports the government may triple quotas for foreign investment in local bourses. The latest move to cool the overheated stock market come after the central bank raised benchmark deposit and lending rates. (AP Photo) ** CHINA OUT **

Michael Pascoe Just quietly, an Australian company has set sail on China's vast sea of riches.