Eggheads are annoying

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The smarty pants at BASF seem to have got it right again with their $6.1bn bid for Ciba Specialty Chemicals and rumours that they might also be after Clariant.

Talking about counter-cyclical investment is one thing, but doing it is …

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History will repeat itself

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It is September 2025 and the financial system has imploded due to the collapse in value of collaterised green obligations (CGOs).

So how did we end up in this sorry state? Here is a guide to how the crisis developed:…

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The world is round after all

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Back in the heady days of 2006, I asked a group of five like-minded nerds what their favourite business book was.

They unanimously voted for The World Is Flat: A Brief History of the 21st Century by Thomas Friedman.

I …

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Go on, stick your head in deeper

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Apparently it’s a fallacy – ostriches don’t stick their heads in the sand.

Investment bankers frequently do, though, especially all the greedy ones who only cared about their end-of-year bonuses when they knew perfectly well that the credit crisis was …

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A drowning man will clutch onto anything

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A drowning man will grab hold of any floating debris – even a plastic bag made from standard-grade Chinese polyethylene (PE).

Hence, last Friday a statement by Wang Tianpu led to a few days of excited speculation about the cancellation …

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Uncle Sam back from the dead?

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A very interesting report by McKinsey (you can sign up free for their online newsletter which only takes a minute) expands on the theme of reverse globalisation which I talked about last week.

The cost of shipping a standard 40-foot …

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Yes, I know – I was wrong!

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Anybody who has had the misfortune to have to listen to me ranting on about Peak Oil of late might have heard – if they managed to stay awake long enough – that I predicted crude could not fall below …

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The ultimate consumption tax

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In what could be the world’s first fat tax, the State Employees’ Insurance Board of Alabama is to charge extra insurance premiums for employees with a body mass index over 35 from 2010.

The southern state enjoys the dubious status …

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What’s it like to be a millionaire?

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….You might have to be to be able to afford this lot in a few years time (at least in some inflation-battered and collapsed local currency)

Thanks to Mark Berggren of MMSA for pointing out this wonderful quote: “Foreign aid …

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Get off your backside!

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Click here for some positive thinking –
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The Asian Energy Youth Summit – organised by the non-profit organisation Energy Carta – is an example of doing something about the climate-change challenge.

Speakers at the event which takes place in …

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