Michael Pascoe

Michael Pascoe

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

The Business Week ahead

Michael Pascoe How long can we expect housing prices to rise when wages are not? Michael Pascoe comments.

Joe blows it

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Michael Pascoe It’s not easy to be sure who’s criticised Joe Hockey more this week – the Labor Party or his own side, whether on the record or off. Michael Pascoe Comments.


Joe Hockey's right - (nearly) everyone is against him

Insulated from the average citizen by his cheer squad: It's not easy being Joe Hockey this week.

Michael Pascoe It’s not easy to be sure who’s criticised Joe Hockey more this week – the Labor Party or his own side, whether on the record or off.

Selective sanctions

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Michael Pascoe It seems we’re very selective when it comes to imposing sanctions on a country that backs one side in a civil war against the other. Michael Pascoe comments.

Michael Pascoe

Team Australia's trade sanctions and what markets make of them

Russian President Vladimir Putin has banned the import of just about all Australian food products.

Michael Pascoe At the risk of letting down Team Australia, it’s worth keeping a little perspective about Ukraine’s civil war and Russia’s involvement when considering how much market impact it...

Michael Pascoe

Virgin keeps better US company than Qantas


Michael Pascoe Here’s the bad news if you’ve been saving up your Qantas frequent flyer points to use on its American partner airline – it’s the second worst of the 10 major US carriers.

The Business Week in unemployment

Generic. Qantas Airlines Qantas base Sydney.
Photograph by Edwina Pickles. 
Taken Jan 2009. DIGICAM 100344Click to play video

Michael Pascoe The RBA’s outlook and the soft employment market can’t be blamed on Wayne Swan; it’s yours now, Joe. Michael Pascoe comments.


'Yours, Joe!' RBA calls out Hockey’s economic outlook

After 11 months in the job, Treasurer Joe Hockey is stretching to blame his predecessor for the economic outlook.

Michael Pascoe The seasonally adjusted unemployment headline of 6.4 per cent was probably an exaggeration – but it’s still a figure the Treasurer has to take responsibility for.

Michael Pascoe

Rogue survey or no, employment market is soft

There's no doubting the employment market is soft, but the numbers might not be as bad as they seem.

Michael Pascoe Employment data, like claims about migrant visas, requires a little perspective.

Michael Pascoe

New scheme should warm the heart while turning a profit

Michael Pascoe dinkus

Michael Pascoe It says something about the cost structure of ''new school'' listed investment companies that giving away 1 per cent of net assets each year works out at less than half the price of paying the usual...

Michael Pascoe

Services our forgotten export hero, despite Australian dollar

Services like education are the unsung heroes of Australia's export economy.

Michael Pascoe It’s the performance of services that should provide optimism about Australia being able to transition from its reliance on resources.

Michael Pascoe

Sell the rumour, yawn the news

Markets are not known for being rational.

Michael Pascoe The general adage has long been 'buy the rumour, sell the news', but no-one accuses traders of being rational.

The Business Week ahead


Michael Pascoe Anyone remember the panic attack on the markets when people received a warning that the Federal Reserve couldn’t keep printing money forever? Michael Pascoe comments.

Michael Pascoe

Growth figures and a lot of hot snow

Legend has it that San Francisco's houses need to be able to cope with a 'hot snow load'.

Michael Pascoe When it comes to economic growth measures, nothing is as simple as it might be painted,

Comments 1


Sydney sculptures: City of knockers is at it again

Michael Pascoe dinkus Dinkus

Michael Pascoe I don’t know if Sydney’s proposed new sculptures will turn out to be brilliant or bad. But I know that the loudest popular opinions have no idea either, rather like the knee-jerk reaction...

The Business Week ahead

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Michael Pascoe Nothing seems to attract eyeballs more than real estate stories. Michael Pascoe comments.

Michael Pascoe

Mortgage fears unfounded as the yield chase gallops on

Keeping a lid on things: Glenn Stevens has consistently reminded people that housing prices can fall as well as rise.

Michael Pascoe It could be a disappointed retiree who is hanging out for rate rises to do much for income from fixed-interest investments.

Business Week

The Business week that was

Michael Pascoe Mortgage market competition among the big banks threw the spotlight on the money market betting not much is going to happen to interest rates any time soon.

Michael Pascoe

Why our financial minnows are still too big to fail

RBA governor Glenn Stevens

Michael Pascoe Sometimes you could feel a bit sorry for Reserve Bank governor Glenn Stevens.

Business Week Ahead

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Michael Pascoe The start of inflation and Reserve Bank speech week, with a little market nervousness thrown in. Michael Pascoe comments.