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Quantitative Easing Just Doesn’t Work

By John Richardson

AT long last! Mario Draghi, president of the European Central Bank (ECB), said in a speech to the IMF last week:

 We have to be mindful that too prolonged a period of very low real rates can …

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More Evidence That US Shale Oil Is The New “Swing Producer”

By  John Richardson

SICK today with a bad cold – hence this very short  post. Will, hopefully, be back in full  action, though, later today or tomorow

Meanwhile, here is some more  background reading, which underlines myy argument that shale …

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US Split Into Two Countries And Both Must Prosper

By John Richardson

WHAT is the most important job for any politician? Ensuring the long term economic health of her or his country.

And in the ideal world, our politicians should pick the policies that get this essential job done, …

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Your Seven-Point Guide To H2 2015 Oil Prices

By John Richardson

BEFORE you get carried away with the wholly misguided notion that we have entered into a “new normal” of oil prices in the region of $60-80 a barrel for the rest of this year, see below for …

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US Fed Reinvents 19th Century Boom And Boost Oil Markets

By John Richardson

ONE way of looking at the world is that central bankers know exactly what they are doing as they are Masters of the Universe.

These bankers have excellent degrees and doctorates from top universities bursting out their …

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How 3D Printing Means No Repeat Of China’s Growth Story

By John Richardson

AS you can see from the above chart, China’s percentage share of the global polypropylene (PP) market has risen from 15% of consumption in 2000 to 33% in 2014. During the same period, however, India’s share of …

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Ageing Populations And Fitting Two Billion Into One Billion

By John Richardson

THE above chart is of absolutely critical importance for anybody who is serious about estimating both the strength and nature of future global demand growth for chemicals.

If you are not a serious analysts then, sure, ignore …

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European Petchems: Necessity is Again The Mother Of Invention

By John Richardson

WHEN has a European cracker gone beyond its useful life? Forty or 50 years? Or maybe if you spend the right amount of money, it can last for a great deal longer.

Devoting enough ingenuity and capital …

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Why Getting It Wrong Really, Really Matters Today

By John Richardson

It is never easy to admit you are wrong because of the loss of “face” (and for me “face” is just as much an issue in the West as it is in Asia. It just presents itself …

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Just “Black Swans” That We Can’t Predict? Nonsense

By John Richardson

HERE is a list of just a few recent what were are told were “Black Swan” events:…

The Lehman Bros-triggered global financial crisis.
China’s 2008-2013 economic stimulus package.
Last year’s collapse in oil prices.
China’s economic and

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