Michael Pascoe

Michael Pascoe

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

Michael Pascoe

Joe Hockey goes a step too far

Michael Pascoe Apparently the Treasurer means what he said: he'll throw a Tea Party if he doesn't get a $500b debt ceiling.

Has Joe jumped the shark?

Has Joe jumped the shark? (Thumbnail)Click to play video

Michael Pascoe I gave him the benefit of the doubt, but I checked and apparently the Treasurer will throw a Tea Party on December 12.

Michael Pascoe

James Packer’s business with a dodgy regime

James Packer

Michael Pascoe So how do you go about gaining a casino licence from an increasingly dodgy government? Very carefully, no doubt.

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Michael Pascoe

NSW fiddles while Queensland builds

Airport noise

Michael Pascoe While federal and NSW politicians shilly-shally over the inevitable Badgerys Creek airport – there's yet another study released this week with more to come - south-east Queensland will soon have its...

Comments 33

Michael Pascoe

James Packer rolls NSW Labor over Barangaroo casino

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Michael Pascoe James Packer has taken no chances with his Sydney casino PR blitzkrieg – even the irrelevant Labor opposition has been taken care of as that shadow of a political force rolls over and plays...

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Michael Pascoe

The RBA forecast that the RBA doubts

Reserve Bank

Michael Pascoe As a more cautious central banker might put it, the risks to the RBA's growth forecast are on the upside.

Comments 4

RBA eyes the Aussie

RBA eyes the Aussie (Thumbnail)Click to play video

Michael Pascoe What the Reserve Bank really said in its quarterly monetary policy statement on Friday. Michael Pascoe comments.

Michael Pascoe

RBA's view of a flat landscape

Reserve Bank Australia.

Michael Pascoe The good news is the RBA thinks economic growth has bottomed, the bad news is that growth won’t accelerate until early 2015.

Michael Pascoe

Everyone works for Holden – not

Holden

Michael Pascoe The reality of the FBT rort is: a minority is having their purchase of a new car subsidised by the rest of us.

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Michael Pascoe

RBA points the fiscal finger

Michael Pascoe

Michael Pascoe Tony Abbott might fancy being called “the infrastructure Prime Minister”, but the Reserve Bank can’t see that happening any time soon.

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Michael Pascoe

Retail sales not the guide they used to be

RETAIL 00091426 AFR PHOTOGRAPH BY GLENN HUNT 3 SEPTEMBER 2008.  GENERIC- retail, sales, sale, downturn, results, shopping.  AFR USE ONLY. SPECIALX 00091426

Michael Pascoe At first glance, the Abbott honeymoon or normal post-election surge certainly shines through in the September retail sales statistics - a better performance on all measures than the tipsters were...

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China more important than Canberra

China more important than Canberra (Thumbnail)Click to play video

Michael Pascoe A large part of Australia’s prosperity is riding on a meeting to be held in China this weekend. Michael Pascoe comments.

DJs flat

DJs flat (Thumbnail)Click to play video

Michael Pascoe It says plenty about the mood around David Jones when a flat quarterly sales number can look like good news. Michael Pascoe comments.

Michael Pascoe

David Jones is going nowhere

Paul Zahra

Michael Pascoe It says plenty about the market's low expectations for David Jones when a flat quarterly sales result is greeted with wild enthusiasm.

Who's providing the advice for Trader Joe's forex bets?

Michael Pascoe RBA governor has effectively confirmed Joe Hockey is blowing several hundred million dollars in an attempt to make his performance as Treasurer look good.

Michael Pascoe

Joe Hockey blowing hundreds of millions to make himself look good

hockey

Michael Pascoe Reserve Bank governor Glenn Stevens has effectively confirmed that Joe Hockey is blowing several hundred million dollars in an attempt to make his performance as Treasurer look good.

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Michael Pascoe

Is Australia ready for 2.3 million more people?

Population

Michael Pascoe Despite all the headlines, it's not the boat people we need to worry about – it's the other 2.3 million arriving tomorrow just when public investment in the nation is at an all-time low.

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Business Week: Santa Hockey

Business Week: Santa Hockey (Thumbnail)Click to play video

Michael Pascoe The Treasurer gave the RBA an early Christmas present in the shape of a $8.8 billion capital injection. Michael Pascoe comments.

Trader Joe playing the forex tables

Michael Pascoe

Michael Pascoe Here's another thing pointing to the cunning plan behind Joe Hockey's $8.8 billion gift to the Reserve Bank this week: the Reserve board wasn't asking for it, didn't think there was any urgent need...

Comments 73

Michael Pascoe

The metamorphosis of Joe Hockey from Scrooge to Santa

Michael Pascoe Government debt warrior emerges from his cocoon as the half-trillion dollar man.