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Too Good To Last for Asian Petchems? Yes

By John Richardson

IT has been a fantastic few months for the integrated Asian polyethylene (PE) producers as the above chart illustrates.

You can see that the average price for naphtha was $533/tonne CFR Japan in April. This compared with …

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Ageing Populations And Fitting Two Billion Into One Billion

By John Richardson

THE above chart is of absolutely critical importance for anybody who is serious about estimating both the strength and nature of future global demand growth for chemicals.

If you are not a serious analysts then, sure, ignore …

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Global Economy: “When Elephants Fight, The Grass Suffers”

HERE are some very disturbing statistics:…

Over the last five years, US oil and gas companies have issued bonds and taken out loans that are together worth $1.2 trillion, according to data from Dealogic. This has created at least 200,000

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Policymakers Have Failed The World

By John Richardson

WHEN the economic, social and political history of 2008-2014 ends up being written, there are two groups of people who are going to end up bearing a lot  of the blame for  the new global financial crisis. …

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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.…

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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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Japan: “I Really Don’t Know How We Go Forward”

By John Richardson

THERE is no debate. Everyone agrees that Japan simply must overcome its demographic challenges. Here are a few sobering facts which indicate the scale of these challenges:…

Should current trends continue, Japan’s population will have fallen to

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Abenomics Are Wrong For Japan And The World

 

By John Richardson

TEN years, a Japanese contact told me, “When we eventually work out the right set of economic policies to get us out of our problems, we will all get behind those policies.”

I gave him a …

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South Korea: No Room For Complacency

By John Richardson

I have long loved South Korea, ever since I first visited the country back in the late 1990s. The sheer guts, determination and get-up-and-go of South Koreans have to be admired, especially when you put this into …

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China Exports: Whatever It Takes To Boost Volumes

By John Richardson

HERE is a reminder of some key facts about the Chinese economy:…

Investment, in the form of local real estate, infrastructure and industrial capacity accounts for around 50% of the country’s GDP.
China’s total investment levels are

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