Michael Pascoe

Michael Pascoe

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

Michael Pascoe

GDP: What are you going to do about it, Joe Hockey?

Michael Pascoe It’s all very well for Treasurer Joe Hockey to hope for better economic growth, but it’s reasonable to ask what he’s doing about it.

Michael Pascoe

Beware: SMSFs a soft target for regulators

The SMSFs have plenty of enemies when it comes to their ability to gear into real estate.

Michael Pascoe It seems the regulators are increasingly torn about tapping the real estate investor brakes – they like talking about a touch of the macroprudentials, but keep backing away from actually doing...

Business Week ahead

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Michael Pascoe It’s a fair guess that the Murray Financial System Inquiry will be one more headache for the Treasurer when he has plenty already. Michael Pascoe comments.


'Acceptable mediocrity': Australian sales forces playing desperate catch up

Michael Pascoe Spending on sales training has soared by 24 per cent over the past two years and the CRM market is up 17 per cent – but Australian sales reps’ performance is still falling.

Michael Pascoe

Fortescue Metals Group rumoured to be reviewing possible Cloudbreak mine closure

Fortescue Metals chairman Andrew Forrest at the Cloudbreak mine in Western Australia in 2013.

Michael Pascoe Fortescue Metals Group is rumoured to be considering closing its Cloudbreak mine as the falling iron price takes its toll on higher-cost sites, according to Standard Bank’s bulks analyst,...

Michael Pascoe

Foreigners, sausages and the Great Australian Dream

An unfinished house construction site building
blue sky dark clouds

Michael Pascoe After all the hearings and submissions, the House of Representatives Economics Committee Report on Foreign Investment in Residential Real Estate boils down to this sentence on page 86:

Michael Pascoe

RBA provides relief from Doomsday merchants

Voice of reason: The RBA's Dr Philip Lowe.

Michael Pascoe I’m becoming a little worried about the Reserve Bank deputy governor, Philip Lowe. If he keeps making so much sense, seeing the big picture through the political posturing, there are dark...

Michael Pascoe

Advisers aside, FoFA can't stop dud investments

Most Australians could do with some sound financial advice.

Michael Pascoe If FoFA really is the Future of Financial Advice, financial advice doesn’t have much of a future.

Business: Forecasting for mugs

Michael Pascoe It’s become a regular part of the Reserve Bank governor’s speeches to remind people that economists aren’t especially good at forecasting.

Michael Pascoe

The Chinese buyers property developers don't want

Hot property: Overseas buyers are active in the office and retail sector rigtht across the country.

Michael Pascoe A conversation with a Melbourne real estate developer earlier this year turned unexpectedly to his dislike of Chinese investors.

Michael Pascoe

G20's major commitment to nothing much new

G20 leaders watching a cultural performance of indigenous dancers that summit in Brisbane.

Michael Pascoe It would be rather funny if global leaders weren't already trying to grow the global economy by as much as possible

Business Week: normal service resumes

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

Michael Pascoe It’s OK, the overwhelming security and over hyped world leaders are leaving, with the rest of the week belonging to the RBA, says Michael Pascoe.

Sydney is full - bring a tent

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Michael Pascoe Sydney has a shortage of hotel rooms, so what's with James Packer insisting he needed a casino licence to justify building a big flash hotel? Michael Pascoe comments.

Michael Pascoe

Some perspective, please: Gail Kelly was not Superwoman

The bank has performed well financially on Gail Kelly’s watch, but it had a rocky start.

Michael Pascoe Retiring Westpac CEO Gail Kelly has had a very fine innings and the indisputable figures to prove it – but she was not Superwoman.

Michael Pascoe

Sydney is chockers, and it's not only Mick Jagger's fault

Can't get no satisfaction? The Rolling Stones' concert on Wednesday was drawing visitors to Sydney this week, highlighting the city's room shortage.

Michael Pascoe You can blame the Stones. You can blame the rise of cruising’s popularity. You can blame the once-in-a-decade World Parks Congress.

Michael Pascoe

Unfashionable NAB finds favour with Bell Potter's Charlie Aitken

Bell Potter's Charlie Aitken believes it's time to look at NAB.

Michael Pascoe Compared with its Big Four peers, NAB has been on the nose with the market years. But super bull Charlie Aitken says its time for a change.

A tax discussion we’re not quite having

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Michael Pascoe The not-quite-a-story of political soft-shoe sidestepping has been steadily building towards the government taxation white paper. Michael Pascoe comments

Michael Pascoe

Earth to Canberra: the tax review has been done

Michael Pascoe dinkus Dinkus

Michael Pascoe Sunday must have been a slow news day – Tony Abbott’s parliamentary secretary, Josh Frydenberg, managed to get headlines for thinking that payroll tax is not a good and efficient way of...


Sun setting on Japanese tourism - but here come the Malaysians

The influx of international tourists is still going strong, but they're coming from different countries now.

Michael Pascoe How the mighty have fallen, how radically our inbound tourism industry has changed: international tourism is booming, despite the number of Japanese visitors has more than halved.

Business Week that was

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

Michael Pascoe The national economic outlook remains more or less steady following the RBA’s quarterly statement on monetary policy.