Adam Schwab
Adam Schwab is a commentator, business director, and the co-founder of LuxuryEscapes.com. He is also the author of Pigs at the Trough: Lessons from Australia’s Decade of Corporate Greed.
It’s the dirty not-so-hidden secret that the superannuation industry does its best to conceal -- for-profit super funds are a complete rip-off.
While the China bubble could continue for months or years to come -- a planned economy not known for human rights and continuing to defy gravity would also need to defy history, writes Adam Schwab.
The days of endless capital growth in housing must come to an end. If rental yields don’t increase substantially, the current level of housing is unsustainable.
Until company directors start to realise that money doesn’t necessarily buy quality executives, don’t expect the gravy train to dry up any time soon.
It has been a very good year to be a bull, with share markets across the world rebounding with incredible haste. The US market is all the more astonishing when compared to 1982, the last significant economic slump.
Assets prices inflated by excessive leverage are not sustainable, leading to a gross misallocation of scarce resources. It is a lesson that Australian property buyers appear slow to learn.
While the Productivity Commission report was not without merit, when it comes to actually curbing runaway pay, it will be of little or no effect, writes Adam Schwab.
Those who thought that the gradual reduction in the first home-owner’s grant in September would cool the first home-buyer market have, for the time being, been proved mistaken.
Crikey names the businesses who made a splash in 2009 -- for all the right and wrong reasons.
While Australian stock markets rebounded with vigor, and property prices continued to bubble away, Crikey celebrates those who made it all possible, and made 2009 truly a year to remember.
