Michael Pascoe
Michael Pascoe comments on companies, markets and the economy.
Michael Pascoe
Swan bets big on a housing recovery
Michael Pascoe Never mind the smoke and mirrors, Wayne Swan is betting the next financial year on housing and farms.
Michael Pascoe
Surplus fixation forcing the RBA's hand
Michael Pascoe The RBA currently has its toe on the accelerator while Treasury has its foot on the brake. This morning's mid-year economic and fiscal outlook means the brake will be pushed harder.
Michael Pascoe
China growth script written ahead of the news
Michael Pascoe It’s nice to have the script for China’s economic growth, thus there are no nasty surprises for the markets and just the right note of optimism is set for the outlook.
Michael Pascoe
No Cup day rates tip from RBA
Michael Pascoe Looks like you could be safer betting on the horses rather than another interest rate cut from the Reserve Bank on Melbourne Cup.
Michael Pascoe
Qantas better at lobbying than advertising
Michael Pascoe How things have changed for the Flying Roo in the nation’s capital - despite producing what could be the most boring airline ad ever.
Michael Pascoe
Jobless rate jump - did the RBA know?
Michael Pascoe The first question that might spring to mind upon reading that the unemployment rate jumped to 5.4 per cent last month is: Did the RBA already know when it cut rates last week?
Michael Pascoe
Grasping the Chinese growth juggernaut
Michael Pascoe Did you see the headline about the IMF upgrading its forecast of Australia's economic growth? No, I didn't either, because there isn't one. But that's what the Fund did.
No competition among banks? Look more closely
Michael Pascoe It’s competition among the banks for depositors’ funds that limits the extent of mortgage rate reductions, not gouging by overpaid bank CEOs.
Michael Pascoe
Cash splash washing out, rate cut yet to wash in
Michael Pascoe Despite the tales of doom and gloom in the retail sector, consumers are still buying considerably more stuff than today's retail sales numbers indicate.
Michael Pascoe
Glenn Stevens is preparing for 2014
Michael Pascoe Today’s rate cut isn’t about last month’s retail sales or housing activity, but where the economy might be in 2014 - which is why the cut is not all good news.
Michael Pascoe
Is the glass half empty or full?
Michael Pascoe The money market is betting on a rate cut tomorrow but most market economists are not. The glass is half empty and the glass is half full.
Business Week
The week ahead with Michael Pascoe
Michael Pascoe A pinch and a punch for the first of the month – ruling off a September quarter that may prove to have been a disappointment, and starting another with much the same sort of challenges.
Business Week
The week that was with Michael Pascoe
Michael Pascoe The end of another yo-yo week for markets, not sure if up is on the up or down is down down, or going up. I’m getting confused just thinking about.
Michael Pascoe
Stitching footballs can be a step on the path to progress
Michael Pascoe It's hard to contemplate how miserable a life must be for a child or young woman hand-stitching footballs for a few cents an hour to support her family.
Michael Pascoe
Migration pushing population growth higher
Michael Pascoe Net overseas migration jumped by 22.8 per cent in the March quarter, pushing up Australia's population growth and containing a promise of more to come.
Michael Pascoe
Don't stir the East China Sea pot
Michael Pascoe When Australian politicians threaten to rediscover the 'Yellow Peril', it's scary.
Michael Pascoe
Myopic view of the Aussie
Michael Pascoe Aside from a vaguely similar language and lousy taste in reality TV, Australians and Americans have something else in common: a misguided belief that our currencies are all about us.
Business Week
The week that was with Michael Pascoe
Michael Pascoe The end of a week with more global stimulus attempts, more misinterpretation of Chinese statistics and of more resources industry uncertainty.
Michael Pascoe
Ignore the bears - China's travelling quite nicely
Michael Pascoe There are good reasons for economic forecasters to be humble and for all forecasts to be taken with a grain of salt.
Michael Pascoe
DJs only has itself to blame
Michael Pascoe The suggestion that a wary consumer with a locked purse is the main problem facing DJs and Myer is laughable.
