Michael Pascoe

Michael Pascoe

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

Pascoe

'Yours, Joe!' RBA calls out Hockey’s economic outlook

Michael Pascoe The seasonally adjusted unemployment headline of 6.4 per cent was probably an exaggeration – but it’s still a figure the Treasurer has to take responsibility for.

Michael Pascoe

Rogue survey or no, employment market is soft

There's no doubting the employment market is soft, but the numbers might not be as bad as they seem.

Michael Pascoe Employment data, like claims about migrant visas, requires a little perspective.

Michael Pascoe

New scheme should warm the heart while turning a profit

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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

Services our forgotten export hero, despite Australian dollar

Services like education are the unsung heroes of Australia's export economy.

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

Sell the rumour, yawn the news

Markets are not known for being rational.

Michael Pascoe The general adage has long been 'buy the rumour, sell the news', but no-one accuses traders of being rational.

The Business Week ahead

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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

Growth figures and a lot of hot snow

Legend has it that San Francisco's houses need to be able to cope with a 'hot snow load'.

Michael Pascoe When it comes to economic growth measures, nothing is as simple as it might be painted,

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Pascoe

Sydney sculptures: City of knockers is at it again

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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...

The Business Week ahead

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Michael Pascoe Nothing seems to attract eyeballs more than real estate stories. Michael Pascoe comments.

Michael Pascoe

Mortgage fears unfounded as the yield chase gallops on

Keeping a lid on things: Glenn Stevens has consistently reminded people that housing prices can fall as well as rise.

Michael Pascoe It could be a disappointed retiree who is hanging out for rate rises to do much for income from fixed-interest investments.

Business Week

The Business week that was

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

Why our financial minnows are still too big to fail

RBA governor Glenn Stevens

Michael Pascoe Sometimes you could feel a bit sorry for Reserve Bank governor Glenn Stevens.

Business Week Ahead

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Michael Pascoe The start of inflation and Reserve Bank speech week, with a little market nervousness thrown in. Michael Pascoe comments.

Current super regime won't stand the test of time

Something important: the building revolution (Thumbnail)

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

Australia's love affair with credit cards is waning

Online boom puts more shoppers in harm's way.

Michael Pascoe We’re using the credit cards we have more, but getting better at paying them off.

The Business Week ahead

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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

A badly blown budget is the serious side of this rogue Senate's circus

Circus... Clive Palmer holding court in the Senate.

Michael Pascoe It really doesn’t matter much if the carbon price was scrapped yesterday, next week or next month.

Pascoe

It's a matter of confidence: If in doubt, blame the carbon tax

Glass half empty or half full? The latest jobs statistics are an opportunity for Joe Hockey to talk up the economy - or be gloomy.

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

Reaching for the stars in cheap money free-for-all

Dutch interest rates have not been lower in 500 years

Michael Pascoe It’s a fabulous party, but it’s beginning to make China’s shadow banking look safe by comparison.

Bleak consumer sentiment among Labor voters

Joe Hockey's budget is viewed as worse as the GFC by many Labor voters, yet coalition voters disagree.

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.