Michael Pascoe

Michael Pascoe

Michael Pascoe comments on companies, markets and the economy.

Michael Pascoe

Fraud on film: Why The Wolf of Wall Street is a Hollywood con job

Michael Pascoe If you’re going to rob people, fraud is the only way to go.

Dollar dazed

Dollar dazed (Thumbnail)Click to play video

Michael Pascoe The horses are back to being frightened by mis-reporting of good old HSBC flash PMI.

Michael Pascoe

RBA has to stay stoic on rates as inflation remains on the high side

shd travel 060303
Emperor penguin, Antarctica.Photograph supplied. SHD Travel Feb 19 March of the Penguins,Antarctica. SPECIALX 111

Michael Pascoe Comment:It’s time to have some sympathy for the RBA.

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Michael Pascoe

Bond buyers favour Italy, Spain over Australia

Italian players.

Michael Pascoe According to the sovereign debt market, Italian and Spanish bonds are now a better investment than Australian Commonwealth bonds. No one ever said markets have to make sense.

Michael Pascoe

Regulate bicycles off the road

Picture supplied for M Magazine - The Sunday Age, 5 November 2006.  GREAT VICTORIAN BIKE RIDE.  Generic.  Picture shows : close-up of a person riding a green bicycle on a bike path with a drink bottle attached.

Michael Pascoe A bit like smoking, if the idea of riding bicycles on the open road was invented today, it would be banned.

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Michael Pascoe

Storm brewing over our rich assets

Michael Pascoe

Michael Pascoe Privatisation, like so many Australian policy issues, often seems more the province of ideology than disinterested analysis.

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Michael Pascoe

Where Abbott fails: pain must be seen to be shared

Tony Abbott

Michael Pascoe The government is giving the impression that it is committed to maintaining the privileges of the privileged, while whittling away at the breaks afforded the not-so-privileged.

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Michael Pascoe

Putting a price on your bill-paying laziness

ELECTRICITY.  MELB.000407.  AFR . PIC BY JESSICA SHAPIRO...

ELECTRICITY METER GENERIC, ENERGY, POWER USAGE, INDUSTRY, RESOURCES.

Michael Pascoe Here’s a New Year’s resolution that pays: Give your power company the flick to find out how much your laziness has been worth to them.

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Michael Pascoe

New Zealand’s cows come home in its own commodities boom

Dairy cows, which produce milk for Fonterra Cooperative Group Ltd., stand on a farm in Alferston, near Auckland, New Zealand, on Friday, Feb. 15, 2008. Overseas shipments, which make up 30 percent of the $105
billion economy, rose at a sixth of the pace economists expected amid falling world commodity prices, while a drought forced some farmers to stop milking cows and send livestock to slaughter. Photographer: Brendon O'Hagan/Bloomberg News

Michael Pascoe It’s bad enough losing the rugby, but in 2014 Australians will have to suffer Kiwis getting uppity about their economy as well.

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MIchael Pascoe

Why ASIC isn’t checking banks’ financial planners

Big four banks

Michael Pascoe I wonder if the average punter regards the cash element of his or her super fund as “wholesale money”. I suspect not.

Michael Pascoe

The op-shop guide to the Christmas market

xmas

Michael Pascoe Never mind equities, bonds, real estate and currencies, the market that counts in these last two trading days before Christmas is the opaque, insider-riven business of trading gifts.

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Michael Pascoe

A barista for everyone : Why Australia's economy is looking far from bleak

Coffee.

Michael Pascoe A common mistake has been to describe Tuesday's MYEFO economic outlook as "bleak". For the vast majority of Australians, it's actually predicting an improvement on the present – and the present is...

Michael Pascoe

The deficit we had to have: Joe Hockey needs to drop the Santa Claus act

Caption: CANBERRA, AUSTRALIA - DECEMBER 17: Treasurer Joe Hockey delivers his midyear budget at National Press Club on December 17, 2013 in Canberra, Australia. The Coalition's midyear Budget explains how it intends to fund certain programs and what cuts will be made to balance the budget. (Photo by Stefan Postles/Getty Images) 

Byline: Stefan Postles

Michael Pascoe Presumably Joe Hockey believes these Treasury figures, so here’s the simplified bottom line.

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REA

'He was underpaid': ASA's Stephen Mayne hammers Murdochs over Greg Ellis' REA exit

Greg Ellis

Michael Pascoe While the Murdoch clan rewards itself most handsomely, it seems it’s lost an extremely well-performed CEO by not paying him well enough.

Michael Pascoe

Forex strategists not moved by taper

greenback

Michael Pascoe The big event or non-event of the week is supposed to be what the US Federal Reserve decides on Wednesday night: to taper, or not to taper, that is the question.

Michael Pascoe

Downside of the mining boom: resources sector's jobs crisis

Michael Pascoe

Michael Pascoe Call 2900 Holden jobs a crisis? Nah, this is a jobs crisis: 78,000 positions disappearing from resources construction over the next four years.

Resources industry construction jobs to collapse

resources

Michael Pascoe The resources industry construction workforce is set to collapse over the next four years, plunging 91 per cent and shedding more than 78,000 jobs by 2018, dwarfing the Holden closure job losses.

Resources

Mining construction jobs to plunge by 78,000, study finds

Iron Ore

Michael Pascoe The resources industry construction workforce is set to collapse over the next four years.

The business week that was

The business week that was (Thumbnail)Click to play video

Michael Pascoe A week dominated by some rational policy outcomes handled in irrational ways and the usual self-serving hypocrisy on both sides of politics.

Michael Pascoe

The government got it half right

Michael Pascoe

Michael Pascoe It hasn’t been the best week for the Federal Government – behind in the opinion polls already and copping plenty of unfriendly headlines.

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