The ability to exert influence in public life is not easy, whether someone is in a prominent position or not.
Michael Pascoe is a BusinessDay contributing editor. He comments on companies, markets and the economy.
Michael Pascoe As the unemployment rate rises and the Budget's growth forecast falls, why is Joe Hockey talking about six homes for sale?
Michael Pascoe There's a subtle difference between the RBA's submission to a government housing inquiry and the opening statement by its head of financial stability, but it's a telling one.
Michael Pascoe They're often overlooked by people coming here to study could help fire the property market further
Michael Pascoe The start of one of the bigger weeks of the financial year and all within the shadow of Canberra's political circus. Michael Pascoe comments.
Michael Pascoe When the Reserve Bank board members meet tomorrow, they'll be weighing all the detail of a new quarterly statement on monetary policy prepared by the bank's staff.
Michael Pascoe Interest rates are going up but this time it's not the RBA that's providing the impetus, Michael Pascoe comments.
Michael Pascoe Getting interest rates back to something like normal is something we should welcome.
Michael Pascoe There are appreciating assets, depreciating assets and barbaric metals. One is a good investment, one is not an investment and the other, well, it's gold.
Michael Pascoe With about a third of S&P 500 companies having reported their quarterly results, you’d think the Wall Street score card is looking bad, but the reality is that most companies are doing better than...
Michael Pascoe Spend a day at a wine grape growers' summit and, among many other things, you're left with no doubt about the reality of climate change.
Michael Pascoe Everybody loves this particularly fib.
Michael Pascoe Our current tax system can’t continue as it is for a variety of reasons, the biggest two being that states will begin to go broke and it’s damaging our economy, says Michael Pascoe.
Michael Pascoe Wouldn't it be a worry if you threw a small business budget party and nobody came? That's the hint from the Reserve Bank tucked away in this month's board minutes.
Michael Pascoe How long can the looming fiscal crunch be kicked down the road, for how many more elections can it be ignored?
Michael Pascoe Could the weaker dollar be the catalyst for consumer confidence to rise and what does that mean for the RBA and interest rates?
Michael Pascoe From the immediate headlines, it would be easy to think the Reserve Bank's submission to a parliamentary housing inquiry was mainly about joining the anti-negative gearing chorus.
Michael Pascoe The Packer/Crown Resorts PR machine – the one that steamrolled Sydney, that bends states governments to its will at will – rarely does anything by accident.
Michael Pascoe Maybe it's the State-of-Origin-infused Brisbane water, but something happens to our top econocrats when they talk in the northern capital.
Michael Pascoe While the Greek games continue, the Chinese stock market roller coaster is still providing thrills and spills that will have more of an impact on the Australian economy, says Michael Pascoe.
Michael Pascoe What happened to the La Dolce Vita ethos? The scooter look is suddenly and sharply less cool in Australia, while hogs are in clover.