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The “Minsky moment” for petrochemicals

Paul Hodges, my good friend and colleague in his excellent Chemicals & The Economy blog describes the “Minsky moment” for the global economy, when deleveraging accelerates. Hyman Minsky, the famous old economist, described how long periods of stability were followed …

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Obama’s impact on Asian petchems

For many years, many an Asian country has wanted a petrochemical industry as much as car or a textile industry.

Some of those countries have pursued investment even though their competitive advantages in petrochemicals have been somewhat dubious.

Singapore can …

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Inspired leaders needed – apply here

We need great leaders in the current crisis.

Below is the kind of speech I’d like to hear from my CEO – delivered in person – if I worked for a chemicals company.

Everything that now follows is fiction and …

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I will wait for this Lego truck to hit S$100

Yes, that’s my target for the truck above, which is actually for 4-11 year olds and my son is only 22 months – but what the hell, don’t we all deserve a second or, in my case probably a tenth …

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Buy small and local to survive

Chemicals demand still exists, believe it or not, but the new economic order -one that could last as long as six years – requires new approaches.

Purchasing managers need to start acting locally as well as globally.

Who would want …

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Heading for extinction

Unbelievable, incredible – what prehistoric planet do these people live on?

Please see below for a rant from a-soon-to-be-extinct species of business leader – the US chemicals executive against Barack Obama.

I have my doubts about Obama, but at least …

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All those wasted lives – but at least you got your bonus

Mr Obscenely Rich Got Out In Tiime Banker, please look into these eyes, see the pain from the last Great Depression and maybe you will give some of your obscenely huge bonus towards poverty relief.

And perhaps also you’ll be …

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Uncle Karl is back in fashion

Yes, indeed, with all the talk of the collapse of capitalism and with liberal economists running for cover, dear old Karl might once again be the flavour of the month.

Oh how I remember those dewy-eyed days, standing on the …

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Even Middle East budgets are being cut

Yes, I know this blog has gone very quiet – but as the world has imploded, a few more pressing issues have come to the fore.

On a business trip last week the extent of the crisis became apparent when …

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Is your company truly globalised?

Globalisation is an attitude of mind as what might now be a slightly descredited economic doctrine.

Many companies are international but few – from talking to friends and contacts – are truly global in the sense that they recruit senior …

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