By John Richardson MANY millions of people have had enough of the political and economic establishment in the West because: It failed to predict the US sub-prime and European sovereign debt crises, resulting in people losing their homes and/or their jobs. It has dragging us into a surreal world of negative interest rates. Years of ultra-low interest […]
Asian Chemical Connections
China: Half Of All Loans Collateralised By Land, Real Estate
By John Richardson BEN Bernanke, who as at that time chairman of the Fed, warned in July 2007 that the cost of the US sub-prime crisis would amount to $100bn. To be honest, we struggled to find a final estimate for the final total cost of the crisis, but these words from Wikipedia give just […]
BBC: “How China Fooled The World”
By John Richardson FOR the last three years, the blog has been asking people to challenge the consensus view of China. We have often been accused of being pessimistic for the sake of pessimism. This misses the point. Our point has always been that every chemicals company – our customers – need to build in […]
Jump to page: