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Worcester Consulting Group

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  • About Peter
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  • Peter's blog
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2023 - time for another office-building price-crash

November 8, 2023 Craig Saunders

2023 - Time to crash office prices?

The canary is singing up a storm in the commercial-property coal mine and Peter (Nostradamus) Worcester thinks he hears a song of woe and trouble. But is he correct, or just full of hot air? Make up your own mind …. and adjust your investment portfolios accordingly.

1 Comment

Why the Japanese Stock Market has never recovered

August 23, 2018 Craig Saunders
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It’s about Loss of Face! Writing off bad debts to banks causes loss of face to both the Banks and the Borrowers.

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Bendigo Bank's role in the Timbercorp scam

August 16, 2018 Craig Saunders
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Some years ago I discovered that the tax-driven investors in Timbercorp had stumbled into a ponzi scheme. Normally I can unravel these schemes quickly — but this one took me three days!

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Racketeering & corruption law should come from banking commission

July 4, 2018 Craig Saunders
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America's RICO (Racketeer Influenced and Corrupt Organisations) Act has allowed lawmakers to bust open many criminal and corporate criminal enterprises that were otherwise too hard to convict. Australia desperately needs similar laws. 

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Blowing the whistle on survivorship bias in investment performance surveys

July 4, 2018 Craig Saunders
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Would an actuary tell a lie? Or a fib? Or make a 'misrepresentation'?  This article says 'yes' — at least to the fib level — and reveals a very tricky bit of number crunching that actuaries use to make themselves look smart. 

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How to get Australia’s Corporate Tax Rate down to 10%

April 1, 2018 Craig Saunders
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Many people will love these ideas.  Many will hate them. Most people will like the ideas that help their hip pocket and/or their children’s future.

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The man who could blow-up the US economy

December 4, 2017 Craig Saunders
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Xi Jinping is without question the most powerful leader of China since Mao Tse-Tung

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1 Comment

Australia's banks - between a rock and a hard place?

October 5, 2017 Craig Saunders
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Are Australia’s big 4 Banks Caught between the Rock of Basel III and a Hard Place of their own making?

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2 Comments

Are Australia’s Big 4 Banks just Home Mortgage Trusts?

April 30, 2017 Craig Saunders

Australian Banks' profits and dividends are going to be under downward pressure as they face a perfect storm of negatives. 

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2 Comments

Actuarial practice & control

March 26, 2017 Craig Saunders

In this lecture Peter gives an overview of investment markets and decision making frameworks. 

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1 Comment

Why Hilary lost - a lack of trust!

March 26, 2017 Craig Saunders
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Donald Trump's mastery of Twitter helped him to win the white House - but a lack of trust in Hilary Clinton played an even greater role. 

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Australian medical specialists' incomes

March 8, 2017 Craig Saunders

Many medical specialist earn (after costs but pre-tax) in excess of $1 million per annum.

The main solution would be for the federal government to fund many more registrar positions in state government hospitals.  This would generate more skilled specialists, and competition would drive their prices down.

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1 Comment

How to save $1 billion per annum in Australian health costs

February 28, 2017 Craig Saunders

While Australia has one of the best and more cost effective health systems in the Western world, it suffers from a major anomaly. The Federal Government pays (via the Medicare Levy and other taxes) all of the standard costs of Medical Procedures and General Practitioner Costs. The State Governments pay for the costs of running and staffing Public Hospitals.

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1 Comment

The power of Twitter (it helped give us Donald Trump)

February 5, 2017 Craig Saunders

Twitter is an online news and social networking service where users post and interact with messages, "tweets," restricted to 140 characters. 

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1 Comment

How NOT to run a company board meeting

February 5, 2017 Craig Saunders

In just over 40 years of experience in the corporate world, I have seen, or heard of just about everything that Boards, Chairman, and Company Secretaries can get wrong.

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What Australia’s Tax System should look like in 10 years’ time

January 23, 2017 Craig Saunders

Many people will love these ideas.  Many will hate them. Most people will like the ideas that help their hip pocket and/or their children’s future.

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Comment

2017 will be like 2008 - but for different reasons

January 20, 2017 Craig Saunders

2017 is already shaping up as the most dangerous year since 2008 for financial markets - but for completely different reasons. 

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2 Comments

The Fabulous Fibonacci Numbers and the Golden Mean

January 12, 2017 Craig Saunders

This “golden” number, 1.61803399, represented by the Greek letter Phi, is known as the Golden Ratio, Golden Number, Golden Proportion, Golden Mean, Golden Section, Divine Proportion and Divine Section. It occurs everywhere in the world around us.

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1 Comment

Twenty one things they don’t teach actuarial students at university

October 16, 2016 Craig Saunders

When university is over your real education begins!

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1 Comment

Learning from history

September 21, 2016 Craig Saunders

Those who do not learn from history are doomed to repeat it.

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