Michael Pascoe

Michael Pascoe

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

Media

Australian newspapers dragging down News Corp

Michael Pascoe It’s now clear why News Corp doesn’t break out the profitability of its Australian newspapers – there may not be any.

Economy

The government is failing at the limits of monetary policy

RBA governor Glenn Stevens.

Michael Pascoe The Reserve Bank governor has effectively declared 6.25% unemployment is "kind of OK".

Reading between QBE's lines

Michael Pascoe dinkus Dinkus

Michael Pascoe With QBE making issues and selling off bits and pieces to raise capital, someone more eagle-eyed than most spotted a sentence in the company’s results announcement that raises a question about...

Michael Pascoe

Can QBE handle a crisis?

QBE's John Neal is mindful of a 'reasonable range of downside scenarios'

Michael Pascoe It’s one thing for an analyst to have an opinion about a balance sheet being “stretched”, it’s another for an insurer to remark upon its ability to withstand a reasonable...

The alternative to your longevity and market worries: Sell Up, Pack Up & Take Off

Time to get away for good?: A new book could send us all scurrying to the airport.

Michael Pascoe You’re in the thick of reporting season, flat out trying to keep up with the news, wondering if your dividend income will be enough to live on, concerned about what might happen to interest...

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Michael Pascoe

How far will the wealth effect stretch?

Perhaps Clive Palmer should take tea with the  House of Representatives economics committee.

Michael Pascoe It can’t be easy fitting in a normal MP’s duties around all the lunch and dinner dates Clive Palmer is enjoying with federal ministers.

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.

Pascoe

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

Virgin

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. 
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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.

Pascoe

'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

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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

GENERIC ASX .PIC SHOWS...ASX AT CLOSE OF BUSINESS TODAY .GENERIC ASX . STOCK MARKET . FINANCE . MINING . ENERGY .BILLABONG . BHP .SHARE PRICE SPECIAL 107597 stockmarketPIC JIM RICE. JUNE 2 09Click to play video

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,

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