Michael Pascoe

Michael Pascoe

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

China more important than Canberra

China more important than Canberra (Thumbnail)Click to play video

Michael Pascoe A large part of Australia’s prosperity is riding on a meeting to be held in China this weekend. Michael Pascoe comments.

DJs flat

DJs flat (Thumbnail)Click to play video

Michael Pascoe It says plenty about the mood around David Jones when a flat quarterly sales number can look like good news. Michael Pascoe comments.

Michael Pascoe

David Jones is going nowhere

Paul Zahra

Michael Pascoe It says plenty about the market's low expectations for David Jones when a flat quarterly sales result is greeted with wild enthusiasm.

Who's providing the advice for Trader Joe's forex bets?

Michael Pascoe RBA governor has effectively confirmed Joe Hockey is blowing several hundred million dollars in an attempt to make his performance as Treasurer look good.

Michael Pascoe

Joe Hockey blowing hundreds of millions to make himself look good


Michael Pascoe Reserve Bank governor Glenn Stevens has effectively confirmed that Joe Hockey is blowing several hundred million dollars in an attempt to make his performance as Treasurer look good.

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Michael Pascoe

Is Australia ready for 2.3 million more people?


Michael Pascoe Despite all the headlines, it's not the boat people we need to worry about – it's the other 2.3 million arriving tomorrow just when public investment in the nation is at an all-time low.

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Business Week: Santa Hockey

Business Week: Santa Hockey (Thumbnail)Click to play video

Michael Pascoe The Treasurer gave the RBA an early Christmas present in the shape of a $8.8 billion capital injection. Michael Pascoe comments.

Trader Joe playing the forex tables

Michael Pascoe

Michael Pascoe Here's another thing pointing to the cunning plan behind Joe Hockey's $8.8 billion gift to the Reserve Bank this week: the Reserve board wasn't asking for it, didn't think there was any urgent need...

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Michael Pascoe

The metamorphosis of Joe Hockey from Scrooge to Santa

Michael Pascoe Government debt warrior emerges from his cocoon as the half-trillion dollar man.

Michael Pascoe

Joe Hockey morphs from fiscal Scrooge into Santa


Michael Pascoe The Hockey of "budget crisis" fame, the dry who never met a deficit he didn't hate, has turned into the half-trillion dollar man.

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Michael Pascoe

Will Joe Hockey raid the RBA?

Michael Pascoe

Michael Pascoe To borrow a Dick Johnson metaphor, it looks like Joe Hockey is down to picking the fly dirt out of the pepper in his effort to make something out of the fiscal policy formerly known as a "budget...

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Another integrity test for Hockey

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Michael Pascoe Joe Hockey has a test coming up in the form of a Reserve Bank dividend, or not. Michael Pascoe comments.

Michael Pascoe

Strong Aussie the price of exclusive club membership


Michael Pascoe With the US Federal Reserve continuing to debase the greenback and China’s growth strong and stable, it's no wonder the Aussie dollar is rising.

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Michael Pascoe

Red tape ruckus will amount to nothing

The Productivity Agenda
Panel discussion with sen Arthur Sinodinos

Michael Pascoe Can you think of any government that left behind less regulation? No, I can’t either.

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Michael Pascoe

RBA paints picture of cautious optimism

Michael Pascoe

Michael Pascoe The contrast in tone is sharp between the RBA minutes and those who think the Australian economy is still sliding.

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Michael Pascoe

A radical solution to end the shambles that is the Senate

Michael Pascoe The fate of government policy is to be decided by even less swill than usual.

Voters to do Senate duty in shake-up?

Voteless democracy (Thumbnail)Click to play video

Michael Pascoe With the balance of power held by a 'random bunch' of individuals, Michael Pascoe argues it makes sense to introduce conscription to the upper house.

Michael Pascoe

Forget jury duty, how about Senate duty

Clive Palmer from Palmer united with senators Ricky Muir,Jacqui Lambie,Glenn Lazarus and Dio Wang.
Press conference at the Sofitel Sydney.
10th of oct 2013
Photo: Jacky Ghossein

Michael Pascoe While various business types call for greater certainty in government, the fate of government policy from next July is to be decided by an even less representative swill than usual.

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Michael Pascoe

Sorry, no good news in the jobless rate drop

Michael Pascoe

Michael Pascoe Unfortunately the drop in the unemployment rate is a little passing noise with no implications to speak of for interest rates.

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Michael Pascoe

L-plate Treasurer's still stuck in negative opposition mode

Michael Pascoe It seems Joe has been in opposition so long he doesn't recognise good news.