Michael Pascoe
Abandon hope of wages growth, but the banks have passed on RBA rate cuts
It is not quite true that the Reserve Bank only has a single weapon, the blunt instrument that is monetary policy; it...
Frydenberg’s tax cut for foreign investors is a triumph of spin over substance
Treasurer Josh Frydenberg has proudly declared the Morrison government is “always looking” for ways to cut taxes. It is no surprise, then,...
Australia’s biggest economic problem is getting worse
At 11.30am on Wednesday, the Australian Bureau of Statistics made a joke out of the Reserve Bank’s inflation target and the federal...
Reaching out on office phrases that grind teeth, going forward
It was started by a friend touching base with an American survey of the allegedly most hated office jargon. Such surveys aren’t...
While the government throws money at the bush, farm prices are booming
Yes, drought is heartbreaking, this drought is terrible in parts and many farmers and rural communities are doing it very hard indeed...
RBA: The dog that didn’t bark – twice
If the Reserve Bank governor has found a “gentle turning point” in the economy, he hasn’t been looking in the nation’s car...
Michael Pascoe: The RBA surrenders to Josh Frydenberg before board meeting
Josh Frydenberg has succeeded in putting his most powerful critic, Reserve Bank governor Philip Lowe, back in his monetary box. The RBA...
Qantas gets into insurance game and damages its brand
“People trust Qantas and we’re not going to go into these spaces unless we do it in a way that enhances that...
The government medical policy that’s killing us: CT v MRI
The way the federal government licenses CT and MRI medical scanning equipment is killing people – a factor in Australia having the...
Why Australia’s farmers are rolling in cash
Conundrum: Australia’s farmers are suffering from a severe drought – but they are collectively rolling in cash with $5.75 billion in farm...