By John Richardson HYMAN MINSKY was an American economist who focused his career on studying the causes of financial crises. He developed what he called a ‘financial instability hypothesis” which was based on the notion that long periods of stability sow the seeds of future crises. His ground breaking work, which is used to explain […]
Asian Chemical Connections
What Yuan Depreciation Means
By John Richardson THE truth is that nobody has ever entirely understood the nature of China’s chemicals and polymers demand. During the good times, at the height of China’s credit Ponzi scheme, if you were a sales manager, why ask too many questions? Sales were sales and if mono-ethylene glycol (MEG) ended up stuck in […]
“Now, I have this great idea”….
Bernard Madoff, Ponzi Scheme, financial meltdown, parting of the red sea,
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