By John Richardson PETROCHEMICALS are a great barometer for economic growth as they are the raw materials for so many finished goods. So, if petrochemicals producers see their profits slip, this provides an early signal that something is wrong with wider economies. It is not just petchems producers that should therefore take note of the […]
Asian Chemical Connections
US Stock Market Decline Highlights Consumer Spending, Income And Debt Risks
By John Richardson THE SUSTAINABILITY of the US economic recovery rests on the willingness of people who cannot afford to spend money to continue to spend money. In order to explain what I mean, let’s start with income and wealth distribution in the US. A US Federal Reserve study showed that the 90% of US […]
Failure Of Central Bankers
Source of graph: Reuters By John Richardson THE Federal Reserve has got it badly wrong, and could compound its mistake by launching a third round of quantitative easing (QE3), warns Ruchir Sharma, head of emerging markets and global macro at Morgan Stanley. “The first two rounds of quantitative easing fuelled a commodity bubble, increased […]
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