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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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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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South Korea: Coming To Terms With Demographics

By John Richardson

ACCUMULATING yet more debt was the very last thing that South Korea  needed and here is why:…

South Koreans had average debts 1.6 times their disposable incomes before July of this year.
This compared with 1.4 times

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Oil Prices: Ignore Human Nature At Your Peril

By John Richardson

JUST four months after the blog first moved to Asia, we got the shock of our lives: The Asian Financial Crisis.

We were bewildered and didn’t know what to think, but fortunately, perhaps, there wasn’t much of …

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China Reforms: The Global Implications

By John Richardson

IT can feel logical to assume that the fundamentals of the petrochemicals business in Asia haven’t really changed.

When you think about it, apart from a brief interruption in the region’s success story during the Asian Financial …

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China’s About Turn: The Seven Global Implications

By John Richardson

HISTORIANS will end up concluding that falling emerging market currencies and stock markets – the prelude to what could be a full-blown crisis –  is really about China and not about the US Federal Reserve. The Fed …

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China Slows Down

By John Richardson

CHINA’S economy appears to have slowed down.

Evidence of the lost momentum was provided by manufacturing purchasing manufacturers’ indexes (PMIs) released last week and the release on Monday of service sector PMIs, which all showed lower growth …

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Gas, Gas, And Perhaps Even More Gas

By John Richardson

THE global petrochemicals industry is stepping on the gas as it accelerates both capacity expansions and the restructuring of existing assets. Apologies for the pun.

In the US, of course, some 25m tonnes/year of ethylene capacity is …

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