Michael Pascoe

Michael Pascoe

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

Michael Pascoe

Never a better time to shop for a home loan

Michael Pascoe There's been a 10 point easing of monetary policy over the past six to nine months despite the Reserve Bank leaving its cash rate steady.

Michael Pascoe

A good year for the economy, but it's downhill from here

Coal miner

Michael Pascoe Well that was nice – a year of above-trend economic growth with rising labour productivity and profits. Too bad it’s downhill from here.

Michael Pascoe

Don't forget the weather in property cooling headlines

Michael Pascoe

Michael Pascoe Well this is a surprise: apparently property prices don't rise each and every month – who would have thought it?

Population: a quick half million

Population: a quick half million (Thumbnail)Click to play video

Michael Pascoe Australia is now closer to having 24 million people, what is its impact on infrastructure and business? Michael Pascoe comments.

Michael Pascoe

On our way to 24 million next year, leaving infrastructure behind

Michael Pascoe

Michael Pascoe A national milestone slipped past us last week: Australia is closer to having 24 million people than 23 million, according to the Australian Bureau of Statistics' population clock.

Comments 215

Business: Not the end of Westfield week

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

Michael Pascoe Will the latest Westfield restructure be shelved or are there too many vested interests involved? Michael Pascoe comments.

Michael Pascoe

Non-resources investment rising – but that’s before the budget

Prime Minister Tony Abbott.

Michael Pascoe The good news is that non-mining business investment is rising, but the federal budget remains the great unknown.

Business: Westfield Week

The Westfield Group logo is displayed outside the company's Westfield Sydney shopping mall in Sydney, Australia, on Monday, Dec. 9, 2013. Westfield Group's default risk slid to the lowest in six years as investors ignored warnings of a ratings downgrade, betting billionaire Frank Lowy's sons may repay debt early as part of a plan to split up the company. Photographer: Brendon Thorne/BloombergClick to play video

Michael Pascoe Looming restructure of the Lowy family global property empire highlights renumeration concerns by the Australian Shareholders Association. Michael Pascoe comments.

Michael Pascoe

Sorry Mr Hockey, I'm afraid I have some good news

The BMA mine at Bowen Basin in Qld

Michael Pascoe I have some good news for the federal government: labour productivity is going through the roof.

Micheal Pascoe

Why the budget pain game is dangerous

Federal Treasurer Joe Hockey address a crowd at a Liberal luncheon held at the Westin in Sydney following last weeks Budget.

Michael Pascoe The extreme divisiveness of Australian politics over the past four years is starting to extract an economic toll.

Michael Pascoe

Why the 'worst' bit of the budget is good

Joe Hockey

Michael Pascoe Increasing the GST is more popular than increasing fuel excise by CPI indexation, according to the Fairfax/Nielsen post-budget poll - and increasing the GST certainly isn't popular.

Budget: More politics than economics

Budget: More politics than economics (Thumbnail)Click to play video

Michael Pascoe Joe Hockey is putting his political cycle ahead of the needs of the economic cycle. Michael Pascoe comments.

Business Week: three overlooked budget surprises

Three overlooked budget surprises (Thumbnail)Click to play video

Michael Pascoe Although it was a well leaked budget, three real surprises have only been partially recognised. Michael Pascoe comments.

Michael Pascoe

It's the age of super entitlement

superannuation

Michael Pascoe How's that "age of entitlement" thing going for you?

Michael Pascoe

Joe Hockey’s federal budget prediction: lower growth, more unemployment

Treasurer Joe Hockey delivers the 2014 budget speech in the House of Representatives.

Michael Pascoe While everyone's been off chasing weasel words, the centrepiece of Joe Hockey's first budget has been largely overlooked.

Budget

A very strange budget that won't say the 'T' word

Treasurer Joe Hockey during question time.

Michael Pascoe Stand by for a strange budget that promises growth at the same time as cutbacks designed to deal with an immediate crisis that doesn't exist.

Business Week Ahead: Joe's first budget

Busniess Week Ahead (Thumbnail)Click to play video

Michael Pascoe The government seems to have ensured that the bad news has already been published. So the actual budget Tuesday night shouldn’t have much shock value.

Business Week: RBA’s best guess

Treasurer Joe Hockey addresses the media during a joint press conference with Finance Minister Senator Mathias Cormann, after the release of the National Commission of Audit Report, at Parliament House in Canberra on Thursday 1 May 2014.Photo: Alex EllinghausenClick to play video

Michael Pascoe The Reserve Bank confirmed what it said three months ago, the gloomy numbers Joe Hockey has been relentlessly pushing since December, are wrong.

Michael Pascoe

Budget threatens to increase unemployment

Budget pain all round (Thumbnail)

Michael Pascoe The Reserve Bank believes fiscal policy will push unemployment higher – and that’s before the threatened squeeze of Joe Hockey’s first budget.

Michael Pascoe

Spare me stories of DJs doing well

David Jones sign

Michael Pascoe It's another indication of how poorly our mid-market department stores are performing that anyone thought David Jones' third quarter sales result was "good". It was barely "less bad".