Tag Archives | the Fed

US Resumes The Pointless “China Blame Game”

By John Richardson

IT IS human nature not to want to admit you are wrong. Nobody likes owning up to mistakes.

What is instead a lot easier is to look for someone else to blame when things start going very …

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China’s Damage Limitation: The Reserve Requirement Cut

By John Richardson

DAMAGE limitation is the motive behind China’s decision cut its reserve requirement  ratio (RRR) by 0.5% to 19.5%.

(The RRR is the amount of money that banks have to set aside against this lending, and so the …

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US Petrochemicals: Three Predictions For 2015

By John Richardson

AS you can see from the table below, there are  no less than 12 US ethane-based cracker projects being planned with lots of associated downstream capacity.

Theoretically, this represents:…

14.8m tonnes/year of new ethylene capacity at these

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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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US Petrochemicals Will Suffer From “The Blame Game”

 

By John Richardson

THE chat below provides some very instructive reading as it shows that:…

Since 2000, overall real consumption in US polyethylene (PE) has fallen from around 12.5m tonnes to 12.3m tonnes (real consumption is domestic production plus

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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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Another Failed US “Wealth Effect”

By John Richardson

HERE are some alarming facts about the US economy:…

The wealth of the average American tops $301,000 per adult, which left  the US in fourth place in the latest Credit Suisse Global Wealth report.
But median wealth

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Fed Policies Increase Emerging Market Poverty

By John Richardson

THERE are 2.8bn people – 40% of the world’s population – who live on $2-10 a day.

These people are “the fragile middle”, according to the Financial Times, as they are constantly in danger of falling back …

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China Pulls Back From Funding Other Emerging Markets

By John Richardson

IT important to be relentlessly realistic about the risks no confronting emerging markets in general, now that China is focusing much more on its own internal problems and needs.

One of these risks – reduced funding of …

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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 …

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