Archive | European economy RSS feed for this section

European Petchems: Necessity is Again The Mother Of Invention

By John Richardson

WHEN has a European cracker gone beyond its useful life? Forty or 50 years? Or maybe if you spend the right amount of money, it can last for a great deal longer.

Devoting enough ingenuity and capital …

Continue Reading

US Needs A New Normal “Permanent Study Group”

By John Richardson

A LOT of the discussions taking place in and around last week’s American Fuel & Petrochemical Manufacturers International Petrochemical Conference (IPC) in San Antonio, Texas, was, of course, around oil prices.

Lower crude prices means less of …

Continue Reading

Following In The Footsteps Of China Is Impossible

By John Richardson

THE chart above shows how China’s consumption of polypropylene (PP) rose from 4.6 million tonnes in 2000 to 19 million tonnes in 2014.

It also illustrates how, in the process, China’s percentage share of global PP consumption …

Continue Reading

Europe: Three Very Easy Predictions For 2015

By John Richardson

HERE are some alarming facts about Europe:…

 If you include all the people who have become disheartened and so have dropped out of the labour force, the Spanish employment rate fell from 66% in 2007 to just

Continue Reading

The New Global Financial Crisis: Emerging Market Bonds

By John Richardson

EXACTLY how the new global financial crisis will gather momentum is becoming clearer by the day.

Greatly adding to this clarity was the latest Bank for International Settlements (BIS) quarterly report, which was released earlier this week.…

Continue Reading

China: Half Of All Loans Collateralised By Land, Real Estate

By John Richardson

BEN Bernanke, who as at that time chairman of the Fed, warned in July 2007 that the cost of the US sub-prime crisis would amount to $100bn.

To be honest, we struggled to find a final estimate …

Continue Reading

China Commodities Fraud: The Global Implications

By John Richardson

An eerie calm has descended over financial and commodity markets with volatility at a record low.

The calm is eerie because it reminds us of the build-up to September 2008.

Back then, not one single mainstream economist …

Continue Reading

Central Banks Risk Being Behind The Curve

By John Richardson

BACK in 2003 the Bank for International Settlements (BIS) predicted that dangerous imbalances were building up in the global financial system.

The BIS, a Brussels-based international organisation for central banks, was worried that the Fed and other …

Continue Reading

Europe’s Dinosaur Destiny

By John Richardson

DINOSAURS became extinct, scientists think, because of an event beyond their control – either an asteroid colliding with the earth, volcanic activity, an ice age, disease or gradual climate change.

With all due respect to the former …

Continue Reading

China: “Just When I Thought I Was Out….”

By John Richardson

THE BLOG woke up this morning determined to write about something else, but, as Michael Corleone said in Godfather III, “just when I thought I was out, they pull me back in”.

What stopped us writing about …

Continue Reading