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September 2008: How History Is Repeating Itself

By John Richardson

WE know that weak growth in China, Europe and the US will have a major negative impact on the global economy in 2015.

But does this really mean a new global financial crisis? Won’t the world’s economy …

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Another Failed US “Wealth Effect”

By John Richardson

HERE are some alarming facts about the US economy:…

The wealth of the average American tops $301,000 per adult, which left  the US in fourth place in the latest Credit Suisse Global Wealth report.
But median wealth

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Europe’s Policy Vacuum Means You Have To Write Off 2015

By John Richardson

EUROPE  is going nowhere and, so like China, can only be a drag on global growth in 2015  as we enter a new global financial crisis. 

“The legacy of the crisis is affecting [EU] member states to …

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China’s Contribution To The New Global Financial Crisis

By John Richardson

YOU will be committing career suicide if you hold on to the idea that China’s problems only amount to a lack of “old style” economic stimulus – and that a bit of old style stimulus is just …

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Chemicals Demand Is Not Going To Return To Normal

By John Richardson

EUROPEAN cracker operators are rushing to snap-up naphtha prices before prices rise again, reports my colleague Nigel Davis, in another of his excellent Insight articles.

“The lower crude price seems to be driving downstream demand. Europe’s crackers …

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OPEC, Human Nature And A $55 Brent Forecast

By John Richardson

HERE is a quote for you: “Everything that can be counted does not necessarily count; everything that counts cannot necessarily be counted.”

This supports the argument we have been making over the last two months that human …

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Too Late For Iron Ore, But Not For Petrochemicals

By John Richardson

YOU might be familiar with the phrase “putting all your eggs in one basket”. It is the kind of phrase that you learn at your mother’s knee, and yet CEOS seem to have forgotten what they were …

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Crude Oil: How To Avoid A 2015 Budget Disaster

By John Richardson

IF I knew the outcome of today’s crucial OPEC meeting in Vienna well, of course, I wouldn’t have to write this blog post to make a living.

But what I do know is that oil markets, now …

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US Polyethylene’s Weak Pricing Power

By John Richardson

HERE is the thing: Petrochemicals pricing for just about every product in every region is usually pretty much set by crude oil and yet in the US, the correlation between polyethylene (PE) pricing and oil has been …

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China: Your Four-Point Guide To The Interest Rate Cut

By John Richardson

LATE last year China’s government launched one final round of old-style economic stimulus so they could build-up political support ahead of the boldest set of reforms to the economy in at least 20 years.

This was clearly, …

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