Net lending declines by 70-80% in Q2 in China

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This very interesting note from Jun Ma, chief economist for Greater China at Deutsche Bank (see the end of this post) offers evidence to support what this blog has been worried about for some time – the quality of China’s …

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How long can bear-market rallies last?

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The current run-up in equities might go on and on – perhaps even for several years, according to economist Russell Napier.

But he warns, in this excellent video interview with FT journalist John Authers, that an extended boom in equities …

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Aussie on a losing wicket

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The timing of when to strike the ball is everything in the wonderful sport of cricket – and also, apparently, in the American pastime of baseball.

An Australian banker is fond of reminding the English how much better his country …

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Micro-management gone too far?

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“Nobody can see until the end of the month – never mind into the third quarter,” commented an olefins trader recently.

“The reason is that very senior managers are too busy micro-managing everything, from getting involved in trying to track …

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Reasons to be cheerful?

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Any excuse to make a reference to the late, great and wonderful Ian Dury.

I sent the following email to my friend in response to the stock market rallies and the green shoots of optimism seemingly turning into beautiful May …

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US-Asia Propylene arbitrage closes

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As flagged up on this blog last week, ICIS news has confirmed that the US-Asia propylene arbitrage has shut following a rise in US domestic refinery-grade C3 prices.

This could be good news if West-East arbitrage in general becomes more …

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It really is a Mad World

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As the potential swine flu pandemi threatens more lives – and even more damage to the global economy – it’s time to watch American Idol re-runs.

It would be great if we could all collectively retire to some paradise island …

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Is it better to be right for not quite……

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……all the right reasons than to be wrong altogether?

Sounds a dumb question, perhaps – unless you take particular pride in being one of those know-it-alls.

The point I am trying to make (and assuming that chemicals pricing doesn’t collapse …

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Is China repeating the mistakes of the US?

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My current favourite blogger is Michael Pettis, professor at Peking University’s Guanghua School of Management, who, in his latest post, makes a very worrying point below.

As an aside, and without wanting to take the 1930s analogy too far, this …

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It’s getting darker and darker out there

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It would be nice to start the weekend with a little cheer, but I’m afraid no amount of gormless optimism would work.

DuPont, as you can see from this excellent piece from my colleague Nigel Davis at ICIS, has revised …

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