Michael Pascoe

Michael Pascoe

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

Michael Pascoe

Don't be fooled by retailers who cry 'wolf!'

wolf

Michael Pascoe Despite their bemoaning, you would have done very nicely by going long on Australian retailers in 2012.

Comments 18

Rolling down a fiscal slope

The week ahead with Michael Pascoe (Thumbnail)Click to play video

Michael Pascoe 'A nation that refuses to grasp something as basic as its inability to handle assault rifles can't be expected to achieve much when faced with more complicated issues'.

Michael Pascoe

The punters keep spending more than they did

sales

Michael Pascoe The true picture of the health of Australian retail is hidden behind flash online growth rates and gloomy predictions from the usual suspects.

Michael Pascoe

Sell gold, buy base metals at the End of Fear

Gold nugget

Michael Pascoe In case you missed it, 2012 is finishing as a dud year for gold. And according to RBS Morgans economist and analyst Michael Knox, 2013 is going to be worse as we enter the “World at the End of Fear”.

Comments 31

Michael Pascoe

A bad look, and a smell to match

O'Farrell

Michael Pascoe It's not a good look to see politically well-connected types on the payrolls of outfits that avoid public tenders while winning business worth hundreds of millions of dollars from government.

Comments 10

Michael Pascoe

No sure bets on further interest rate cuts

RBA

Michael Pascoe While ANZ economists predict 100 basis points of cash rate cuts in 2013, there's little in the Reserve Bank board minutes to support that view.

Comments 24

Michael Pascoe

Treasurers' politics blowing your future away

Wayne Swan

Michael Pascoe State and federal treasurers are meeting for their usual ritual of duck-shoving, buck-passing and finger-pointing as their individual and collective political limitations are given precedence over...

Comments 14

Michael Pascoe

It's unhappy work, being a coalition voter

Tony Abbott

Michael Pascoe So depressed are Tony Abbott's supporters that they took the overall level of Australian consumer sentiment down this month.

Comments 65

Michael Pascoe

Clinging to a divine right to take us for a ride

sydney airport queues

Michael Pascoe From Victoria's taxis, to Sydney's airport, few things are more precious than a state-granted licence to rip off the public.

Comments 119

Michael Pascoe

Pity the White Energy shareholders

Eddie Obeid

Michael Pascoe Revisiting White Energy's public announcements and the 'independent expert' report makes a mockery of the idea that the Cascade Coal deal was 'fair and reasonable'.

Comments 16

The week ahead with Michael Pascoe

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Michael Pascoe Start of a quieter week as we move further into the silly season.

Business Week

The week that was with Michael Pascoe

Michael Pascoe The end of a big week for big data and big quotes, a week that offered something for everyone.

Michael Pascoe

Stubborn unemployment refuses to rocket

The number of people in full-time employment has surged

Michael Pascoe The fall in the jobless rate must be frustrating the bears as much as flat housing investment frustrates the bulls - but today's numbers aren't all that good either.

Comments 125

Michael Pascoe

Kiwis keep corruption at bay

NZ haka

Michael Pascoe If the All Blacks consistently beating us wasn't bad enough, the Land of the Strangled Diphthong has added another trophy to its gloat cabinet: the World's Most Lily White.

Michael Pascoe

Swan and Hockey race to fiscal cliff

Wayne Swan

Michael Pascoe Australia’s mini fiscal cliff seems obvious to everyone except the federal Treasurer and his shadow, both pointing everywhere else as they wrestle each other over the edge.

Comments 110

Michael Pascoe

RBA to housing industry: giddyup!

Building the economy

Michael Pascoe There's no smoking gun offered to justify this month's RBA rate cut, but the move reflects the bank's impatience with housing activity.

Comments 18

Michael Pascoe

Forget BRICs, we're in the CASSH economies

cash

Michael Pascoe There's a new financial acronym at large and we're in it: the CASSH economies - Canada, Australia, Switzerland, Singapore and Hong Kong.

Comments 21

Michael Pascoe

Our own fiscal cliff likely to tip RBA's hand

interest rate cuts

Michael Pascoe To the extent that betting on an RBA decision can be a sure thing, today's economics releases make an interest rate cut tomorrow more than odds-on.

Comments 98

Business Week

The week ahead with Michael Pascoe

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Michael Pascoe While Tuesday’s Reserve Bank board meeting captures the most attention, the Australian Bureau of Statistics is pulling out all stops to give the RBA plenty to think about.

Michael Pascoe

Need insight? Ignore CEOs - ask workers

Miner

Michael Pascoe For all the requirements of continuous disclosure, the workforce generally knows better than the market how an industry is faring. Sometimes they know better than their bosses as well.