Tag Archives | US economy

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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China: Do The Maths On 2014 GDP Growth

By John Richardson

DO the maths and you should be able to assess what could happen to China’s GDP growth in 2014:…

The Chinese Academy of Social Sciences wrote last week in the China Daily: If the PBOC loosens monetary

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China Targets Trade Finance

By John Richardson

AT the high inflation point of any financial bubble, you tend to get outlandishly dangerous and dodgy practices designed to make even more money because most people think that “this time will be different” – i.e. that …

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The US Patient Needs An Operation

By John Richardson

THE Fed’s quantitative easing (QE) programme hasn’t worked because, to use an analogy, it has been equivalent to pumping drugs into a patient that needs major surgery in order to fully recover.

A steady flow of drugs …

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China: Sweat The Lending Data

 

By John Richardson

AS business slowly gets back to normal following the Lunar New Year, everyone will be scrabbling around for indications about whether the January downturn in China was just a short-term blip, or something more significant.

Confidence …

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Global Equities, China, The Fed And Some Perspective

By John Richardson

AS USUAL, everyone will take what they want and need to take, in order to protect their own interests, out of Monday – the worst day for the Dow Jones Industrial Average in seven months. This was …

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ExxonMobil, Energy Efficiency And Innovation

By John Richardson

SAVING money through energy efficiency, along with innovation, will be two of  the keys to success in the New Normal because  demand-growth patterns will be very different than during the Supercycle. The suspension, which guaranteed success for …

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US Housing: The Demand Conundrum

By John Richardson

WEALTHY people don’t buy most of the world’s chemicals and polymers production because there are not that many wealthy people in the world – especially in the US these days.

The Economist, in it’s the World In …

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The Minority Isn’t Always Wrong

By John Richardson

“I REALLY worry about the ability to export extra capacity from the US as I think global markets will become much more regional,” said a source with a poylolefins producer .

“The US is also pretty much …

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No “Breakthrough Year” For The US In 2014

By John Richardson

PEOPLE who trade in oil, other commodities and equities don’t buy that many chemicals and polymers because, of course, relative to the US population as a whole, they number very few.

Thus, the challenge for 2014, as …

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