Tag Archives | inflation

Central Banks Chase The Inflation Illusion

By John Richardson

IT was Milton Friedman who famously said “inflation is always and everywhere a monetary problem”.

This widely accepted economic wisdom is based on the following premise: Excessive expansion of the money supply is inherently inflationary.

And so …

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Central Bankers Making Global Economy Worse

By John Richardson

A NEW research note from our colleagues at International eChem discusses how central bankers have pledged to do “whatever it takes” to achieve a sustainable economic recovery. Click here for a full copy – Research-Note-24Sept12.pdf.

Their well-meaning …

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Oil Prices And Demand Destruction

By John Richardson

THE danger that high oil prices pose to the global economy, and therefore, of course, petrochemicals demand, has been highlighted by a new report from HSBC.

It makes the point that quantitative easing, which has led to …

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September Will Be A Cruel Month

By John Richardson

SEPTEMBER is going to be a cruel month when the West returns from the summer holiday period and the extent of damage to chemicals and polymer demand becomes more apparent.

In Asia, temporary supply constraints in polyolefins, paraxylene (PX) and …

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India polymers slide once again

By Malini Hariharan

The messenger’s prediction has turned out to be correct. Indian polymer producers have been forced to reduce domestic prices to match levels seen in the wider Asian market.

The week started with a downward revision to polypropylene …

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Power shortages strike China

By Malini Hariharan

The problems for Chinese manufacturers are multiplying. Besides having to worry about rising input costs, inflationary pressures and tightening of credit, companies now have to contend with unexpected power cuts.

This is usually the low season for …

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Polyolefin Producers Maintain Their Control

Source of picture: Dallhouse University, Canada

 

By John Richardson

THE incredibly smart way in which polyolefin producers have managed production since the great collapse of September 2008 continues to defy what appear to remain some very uncertain, and some …

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A Repeat Of The 2008 Collapse On The Cards

 

     “Only another thousand or so years to go…..”

      Source of picture: Atlantic Council

 

By John Richardson

HERE we go again, eh? Yes, as rising crude-oil prices and overall inflation pose a major threat to the petrochemicals …

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India still shining

The figures may not be as impressive as China but India too has been churning out some good growth numbers.

The Index of Industrial Production was up 11.7% in November, the fastest pace of growth in more than two yeas. …

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China growth under severe threat

I could easily be accused of ceaseless pessimism, but growth in China is moderating – regardless of what your view is of the extended article below on the impact of the bad-weather crisis.

Slowing exports were already eating into estimates …

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