The background of Eddie Groves claim provides an interesting insight into the collapse of Groves’ relationship with Austock, which was routinely paid tens of millions of dollars by ABC for providing financial advice.
Articles by Adam Schwab 
Home buyers should look at the scales: debt and students unbalancing market
Figuring out the intrinsic value of an asset is fraught with many variables. That is largely why most people are unable to correctly value shares and property and why so often asset markets are prone to wild bouts of optimism (booms) and pessimism (busts). The situation is further exacerbated by the use of debt to […]
Takeovers? Investors want to know just who benefits
As BHP’s mega hostile takeover of Canada’s Potash Corp continues, investors continue to question the value of takeovers.
‘King maker’ Paatsch opts for a sabbatical and a long swim
Underperforming and highly paid executives in corporate Australia will be breathing a temporary sigh of relief upon hearing of the resignation of Dean Paatsch from proxy adviser RiskMetrics.
Will the DFO collapse see Samuel walk away from the ACCC?
The Austexx/DFO fiasco which appears to have reached a temporary stalemate will most likely lead to the end of Graeme Samuel’s tenure as chairman of the ACCC. And whatever you think of Samuel’s leadership of the ACCC, that is not a good thing for Australia.
Forget CEO pay, investment banks laughing all the way to the bank
During the Global Financial Crisis, when Australian companies clamored to raise precious capital to shore-up their balance sheets, investment bankers and their favoured institutional clients made out like bandits.
Trading results indictate recovery not as strong as touted
Perhaps all those increasingly confident consumers should look a little but more closely at what is actually happening in the economy.
Residential property prices: why the big ship is difficult to turn
Clearance rates are falling, stocks dwindling and even some real estate agents are expressing concerns about the prospects for the property market.
HP chief quits after sexual harrassment probe
Six weeks after David Jones terminated its former CEO for alleged sexual misconduct, Hewlett-Packard forced out its highly admired CEO Mark Hurd after an incident with a female HP contractor.
Want to invest? Beware the Today Tonight Effect indicator
While indicators such as relative strength or dividend yield or Elliott Waves are sometimes used to forecast where the sharemarket may be heading, there are other, perhaps less-conventional means of gauging whether equities are over or under-priced.
Former Babcock chief: short-sellers responsible for fall of company
One of Crikey’s all-time favourite corporate directors, Elizabeth Nosworthy, fronted the Babcock & Brown liquidators hearing in Sydney’s Federal Court yesterday and remained steadfast in her own abilities.
For policy makers, inflation vs deflation is a choice between two evils
Possibly the most important economic question to emanate out of the global financial crisis is the choice between two evils. While quantitative easing may seem like the lesser of available evils, in reality, it may be the most evil path of all.
Somber outlook as Macquarie share price continues to founder
The so-called global economic recovery doesn’t seem to be rubbing off on Macquarie Group.
Our Goldilocks economy moment … if you believe the CPI figures
While the CPI figures indicate that cost of living rises have been minimal, in real terms, Australia quietly become one of the most expensive countries globally.
Housing shortage? No, it’s a debt-fuelled bubble
The property bubble denialists continue to ignore reality.
Babcock hearing misses the point: look at the execs
While the Babcock & Brown circus continues in the Sydney Federal Court, business commentators seem to be missing the point.
For Twiggy, war on Labor and MRRT remains an option
While the business community and much of the industry has moved on after the creation of the MRRT, Twiggy remains devoted to the cause, threatening to re-declare war on Labor with another mining advertising blitz.
Housing: bubble, bubble, toil and trouble — or is it?
Even the experts can’t agree on whether there is a housing bubble — so what hope do the masses have?
Green denies ‘optimistic profits’ at Babcock & Brown
Phil Green is having his day in court. Well not really. Yesterday was actually the first day of a public examination of Babcock & Brown by the company’s liquidators.
Our wealthy magnificent seven are more take than give
Not only do Australia’s rich give away a relatively small proportion of their wealth — but when they do, the donations are often made in unusual circumstances by businessmen with chequered histories.
The MRRT: what it really means to taxpayers
After weeks of questioning, Treasurer Wayne Swan admitted what appeared obvious to many — that the mineral resources rent tax will raise a lot less revenue for the government than the resources super profits tax would have.
One poll-driven economic disaster — NBN — remains from horrific Rudd era
With virtually every major policy initiative of Kevin Rudd very publicly abandoned, there is one almighty policy that is not only surviving, but thriving: the $43 billion National Broadband Network.
Housing shortage myth keeps bubble talk on the agenda
Australia’s residential housing bubble has been supported the myth that Australian capital cities are suffering a desperate housing shortage.
Agribusiness: where you lose some, then you lose some more
PT Barnum was once claimed to have noted that “there’s a sucker born every minute”. If he was talking about investors in agribusiness managed investment schemes, he would probably be right.
Double-dip recession will hurt our miracle economy
While Australia’s public debt levels when compared with the US or many European nations are low, household (or personal) debt - especially mortgage debt - are among the highest globally.
Historically Hung Over: The Crikey Guide To The 2010 Federal Election
