Facts of the week

The Financial Times reports two interesting facts:

• Japan’s leading seismologist warned Tokyo Electric Power in June 2009 that “tsunamis of a completely different scale have come before” in the region of the Fukushima Daiichi nuclear plant. One, in 869, had “destroyed a castle“. But no changes were made to the plant’s defences.
• The US has now spent ~$5trn on stimulus programmes and the Federal Reserve’s two ‘quantitative easing’ programmes. Yet the “economy has grown just 4%, $600bn, versus its trough in mid-2009“. This means it “got about 12c in growth for every dollar” spent. And the $5trn still needs to be repaid out of future growth.

About Paul Hodges

Paul Hodges is Chairman of International eChem, trusted commercial advisers to the global chemical industry. He also serves as a Global Expert for the World Economic Forum. The aim of this blog is to share ideas about the influences that may shape the chemical industry and the global economy over the next 12 – 18 months. It looks behind today’s headlines, to understand what may happen next in critical areas such as oil prices, China and Emerging Markets, currencies, autos, housing, economic growth and the environment. Please do join me and share your thoughts. Between us, we will hopefully develop useful insights into the key factors that will drive the industry's future performance.

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