Michael Pascoe

Michael Pascoe

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

Good news for manger renters, bad news for Sydney as the Packer ruse exposed

Michael Pascoe One of the more ridiculous swifties pulled on a gullible government this decade was that it was necessary to give James Packer a casino licence to get a flash hotel built on Sydney's Barangaroo strip.

Pensioners gain while workers stand still

For 16 years, aged pensions have been growing faster than the wages of most Australians and markedly faster than some other social security recipients, notably the unemployed.

Michael Pascoe For 16 years, aged pensions have been growing faster than the wages of most Australians and markedly faster than some other social security recipients, notably the unemployed.

Comments 7

The negative gearing change that's already happening

Governments on both sides have been happy to let an erosion of negative gearing benefits flow into revenue.

Michael Pascoe Joe Hockey may rule out changes, but the thin edge of the negative gearing wedge is already in the door.

Comments 93

Pressure on more than the Myer chairman

Myer Chairman Paul McClintock and Bernie Brookes announcing the CEO's departure last month. As one fund manager said, the only one to have made money out of Myer in the past year is Brookes.

Michael Pascoe Now that CEO Bernie Brookes gone and profit is going, most of the board can't be far behind - responsibility for your actions, or perhaps inactions, and all that old-fashioned stuff.

Comments 2

Business Week: The housing pickle

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

Michael Pascoe If you are a new investor in Sydney's housing market, you have to ask yourself, are you feeling lucky? Michael Pascoe comments.

Sydney's housing roulette wheel: are you feeling lucky?

Michael Pascoe dinkus Dinkus

Michael Pascoe How you perceive the state of the Sydney rental market depends on who you are. Sydney tenants might think rents are steady or rising, but they're falling for Sydney landlords.

Comments 94

Car lobby defeats consumers on grey imports

Michael Pascoe dinkus Dinkus

Michael Pascoe In a contest between the nation’s car dealers on one hand and the Productivity Commission and Harper competition review on the other, the government is going with the dealers.

Comments 42

We’re spending bigger on the biggest things to spend on

Michael Pascoe dinkus Dinkus

Michael Pascoe You know the story – woe is Australia, unemployment is rising, business and consumer confidence are both down, we’re all going to hell.

Comments 84

Confusing signals ahead of crunch budget for Treasurer Joe Hockey

Michael Pascoe dinkus

Michael Pascoe I don't know quite what Joe Hockey means when he talks about next month's budget. I don't know if anyone does.

Comments 68

The business week ahead

Michael Pascoe The start of the monthly confidence survey week. Michael Pascoe comments.

Taxing times now there are no excuses

Michael Pascoe dinkus Dinkus

Michael Pascoe Dear Joe, thanks for the invitation to take part in “an open and constructive conversation” on the tax system.

Comments 8

Have a crack: Reserve Bank of Australia knows business confidence is key

Michael Pascoe dinkus Dinkus

Michael Pascoe As the Reserve Bank knows better than anyone, the missing ingredient for the Australian economy is business confidence.

Comments 18

RBA front and centre

reserve bank genericsmelbourne reserve bank of australia people colour stress money red interest rates negetiveafrtues april 8 2014photo by josh robenstoneClick to play video

Michael Pascoe As far as the RBA’s ability to stimulate the economy goes, rates now look to be about two things: keeping the Aussie dollar down and keeping the construction boom going. Michael Pascoe comments.

Inequality is growing in our own backyards

Michael Pascoe dinkus Dinkus

Michael Pascoe Now that you have your castle, you want to defend it.

Comments 165

OPINION

Polls and wires: We are not entirely stupid

The campaign against the privatisation of power infrastructure is cynical.

Michael Pascoe It’s reassuring to be reminded that the electorate is not entirely stupid, or selfish and greedy. Most of us actually want a better nation.

Comments 72

Business Week that was

one Australian dollar coin  isolated on white backgroundClick to play video

Michael Pascoe The end of the week of the Yellen twister, the Reserve Bank weave, the Abbott contortion and the Myer plunge. Michael Pascoe comments.

Vale Malcolm Fraser, the wettest dry

Michael Pascoe dinkus

Michael Pascoe There is something fitting, something rounded, about Malcolm Fraser dying within five months of Gough Whitlam – the old foes, having made their peace, now both at peace.

Comments 2

With its APN buy, is Rupert Murdoch's News Corp tuning in to radio?

Rupert and Lachlan Murdoch could be building a new radio empire for News.

Michael Pascoe After the APN buy, what price Lachlan Murdoch's privately owned DMG being rolled into a Murdoch Australian radio arm?

Who’s afraid of the big bad Fed?

Michael Pascoe dinkus

Michael Pascoe It seems markets are more perturbed by possibilities than eventualities, especially when it comes to the US Federal Reserve.

Business Week ahead

Michael Pascoe An important week for US markets, which of course flows through to our market. Michael Pascoe comments.