Like father, like son. It's a problem that sprouts from some unexpected sources.
Michael Pascoe is a BusinessDay contributing editor. He comments on companies, markets and the economy.
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 It’s the performance of services that should provide optimism about Australia being able to transition from its reliance on resources.
Michael Pascoe The general adage has long been 'buy the rumour, sell the news', but no-one accuses traders of being rational.
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 When it comes to economic growth measures, nothing is as simple as it might be painted,
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...
Michael Pascoe Nothing seems to attract eyeballs more than real estate stories. Michael Pascoe comments.
Michael Pascoe It could be a disappointed retiree who is hanging out for rate rises to do much for income from fixed-interest investments.
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 Sometimes you could feel a bit sorry for Reserve Bank governor Glenn Stevens.
Michael Pascoe The start of inflation and Reserve Bank speech week, with a little market nervousness thrown in. Michael Pascoe comments.
Michael Pascoe No, the superannuation status quo can't last. There need to be changes. Some very rich and powerful institutions and many individuals won't like it.
Michael Pascoe We’re using the credit cards we have more, but getting better at paying them off.
Michael Pascoe In light of CBA's recent failures, Tuesday is the day that counts with the release of David Murray's Financial System Inquiry interim report.
Michael Pascoe It really doesn’t matter much if the carbon price was scrapped yesterday, next week or next month.
Michael Pascoe The latest labour force statistics have something for everyone: pessimists will point to the rise in the headline seasonally adjusted unemployment rate to 6 per cent; optimists will concentrate on...
Michael Pascoe It’s a fabulous party, but it’s beginning to make China’s shadow banking look safe by comparison.
Michael Pascoe Overall consumer sentiment may have improved a little over the past month, but the outlook of our two main political tribes diverged again.
Michael Pascoe When Glenn Stevens speaks, it's a good idea to listen right the way through.
Michael Pascoe The government will be hoping that the further away we get from budget night, the more people will be less pessimistic about it.