Michael Pascoe

Michael Pascoe

Michael Pascoe comments on companies, markets and the economy.

Michael Pascoe

Open letter to state treasurers: you should all be sacked

Michael Pascoe Dear treasurers, How do you justify taking public money when you know you're doing a poor job?

Australian investment records to tumble again next year

a

Michael Pascoe Here's a nice surprise: the nation's congenitally miserable chief financial officers have told the Australian Bureau of Statistics they are going to invest $166.

Michael Pascoe

'No plans', so open season for policy

The coalition

Michael Pascoe Real government policy - not the slogans tarted about in the election - is up for grabs.

Comments 59

Michael Pascoe

The HK Aussies outsourcing to the USA

boots

Michael Pascoe This is the one about the company listed in Australia, incorporated in Bermuda, headquartered in Hong Kong, manufacturing in China but now about to make footwear in the USA.

Comments 13

Michael Pascoe

ANZ board out of step with reality

ANZ.

Michael Pascoe ANZ have allowed themselves the hubris of thinking "their" choice of CEO is so very much better than that of the other banks, even though the numbers don't support it.

Comments 3

Michael Pascoe

Joe Hockey goes a step too far

Michael Pascoe

Michael Pascoe Apparently the Treasurer means what he said: he'll throw a Tea Party if he doesn't get a $500b debt ceiling.

Comments 233

Has Joe jumped the shark?

Has Joe jumped the shark? (Thumbnail)Click to play video

Michael Pascoe I gave him the benefit of the doubt, but I checked and apparently the Treasurer will throw a Tea Party on December 12.

Michael Pascoe

James Packer’s business with a dodgy regime

James Packer

Michael Pascoe So how do you go about gaining a casino licence from an increasingly dodgy government? Very carefully, no doubt.

Comments 5

Michael Pascoe

NSW fiddles while Queensland builds

Airport noise

Michael Pascoe While federal and NSW politicians shilly-shally over the inevitable Badgerys Creek airport – there's yet another study released this week with more to come - south-east Queensland will soon have its...

Comments 33

Michael Pascoe

James Packer rolls NSW Labor over Barangaroo casino

-

Michael Pascoe James Packer has taken no chances with his Sydney casino PR blitzkrieg – even the irrelevant Labor opposition has been taken care of as that shadow of a political force rolls over and plays...

Comments 13

Michael Pascoe

The RBA forecast that the RBA doubts

Reserve Bank

Michael Pascoe As a more cautious central banker might put it, the risks to the RBA's growth forecast are on the upside.

Comments 4

RBA eyes the Aussie

RBA eyes the Aussie (Thumbnail)Click to play video

Michael Pascoe What the Reserve Bank really said in its quarterly monetary policy statement on Friday. Michael Pascoe comments.

Michael Pascoe

RBA's view of a flat landscape

Reserve Bank Australia.

Michael Pascoe The good news is the RBA thinks economic growth has bottomed, the bad news is that growth won’t accelerate until early 2015.

Michael Pascoe

Everyone works for Holden – not

Holden

Michael Pascoe The reality of the FBT rort is: a minority is having their purchase of a new car subsidised by the rest of us.

Comments 125

Michael Pascoe

RBA points the fiscal finger

Michael Pascoe

Michael Pascoe Tony Abbott might fancy being called “the infrastructure Prime Minister”, but the Reserve Bank can’t see that happening any time soon.

Comments 30

Michael Pascoe

Retail sales not the guide they used to be

RETAIL 00091426 AFR PHOTOGRAPH BY GLENN HUNT 3 SEPTEMBER 2008.  GENERIC- retail, sales, sale, downturn, results, shopping.  AFR USE ONLY. SPECIALX 00091426

Michael Pascoe At first glance, the Abbott honeymoon or normal post-election surge certainly shines through in the September retail sales statistics - a better performance on all measures than the tipsters were...

Comments 19

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.