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China Drives 58% Of Global PP Growth, So What’s Your Plan B?

By John Richardson

THIS IS a great example of putting most of your eggs in one basket! Polypropylene (PP) shareholders are entitled to ask what Plan B is if China can no longer deliver as much as 58% of the …

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Stock Market Threats Far Wider Than Just North Korea

By John Richardson

LAST WEEK’S steep fall in global stock markets was of course the result of rising US-North Korea geopolitical tensions. Some $1 trillion was wiped off equity values. We obviously all hope that the geopolitical tensions will ease.…

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China’s “Minsky Moment” And The Global Economy

By John Richardson

HYMAN MINSKY was an American economist who focused his career on studying the causes of financial crises. He developed what he called a ‘financial instability hypothesis” which was based on the notion that long periods of stability …

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Life Cycle Of Plastics Packaging Demand And Internet Sales

By John Richardson

THERE is a huge amount of excitement out there right now about booming internet sales and how this also boosting packaging demand and so sales of polymers such as polyethylene (PE), polypropylene and polystyrene.

China is, not …

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China PP Market Outlook for H2 And 2018

By John Richardson

AS IS the case with polyethylene (PE), China’s polypropylene (PP) market continues to catch up with the underlying realities of demand growth.

If you recall, in Q1 of this year PP net imports (imports minus exports) grew …

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Failed Pursuit Of Inflation Creates Major Economic Risks

By John Richardson

BUILDING UP lots of debt isn’t a problem if it leads to inflation that then inflates-away the value of some of that lending.

And debt-induced healthy increases in inflation also show that all of that lending has …

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Crude: Global Deflation Still Threatens $35 A Barrel

By John Richardson

HOW you view any set of data depends on where you are standing. A hedge fund manager who has gone long on crude oil might, for example, have been encouraged by this report in the FT last …

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China’s PE Imports: Recycling Ban Adds To Uncertainty

By John Richardson

FOR the time being at least, the year-on-year growth in China’s polyethylene (PE) net imports (imports minus exports) has fallen.

In January-May 2017, net imports were up by no less than 19%. However, the January-June increase is …

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Income Stagnation And The Impact On The Global Economy

By John Richardson

HAVE the post-Global Financial Crisis (GFC) economic stimulus policies of the Western central banks worked? If your answer is yes, you might be heavily influenced by your economic circumstances.

Those who are convinced that everything is working …

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China PP Demand Surprises On The Upside, But Oil Threat Remains

By John Richardson

CHINA’S PP market, provided oil prices don’t further collapse, seems to be pretty close to the end of a destocking cycle that stretches back to February of this year, when the post-Lunar New Year traditional surge in …

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