“Its only when the tide goes out that you learn who’s been swimming naked.” We may soon discover the meaning of this wisdom from Warren Buffett, one of the world’s leading investors. The reason is that the macro trends that have driven growth in the global chemical sector are now turning. For the past five […]
Tag Archives | ageing populations
Japan’s new government has embarked on a desperate gamble to restore economic growth after 2 decades of decline. Unfortunately, it is doomed to fail. The chart from the Financial Times, explains why. And the reason is very simple: One in four Japanese are now over the age of 65 And this proportion is continuing to rise, […]
The blog first wrote about the potential impact on GDP growth of changing demographics in January 2010, in its first White Paper, ‘Budgeting for a New Normal’ This put forward the Scenario that the world economy could face an: “L-shaped recovery, where we follow the pattern of the Japanese economy after its ‘financial bubble’ burst in 1990. […]
Different times demand different skills. During the SuperCycle, one could assume growth was a constant. So forecasting meant a focus on better understanding developments down the value chain in the relevant product silos. Then managers could be set ‘stretch targets’ to ensure they met expectations for revenue and profit growth. But today, as the blog has […]
350k Americans are now reaching the age of 65 each month until 2030. But according to government forecasts, this surge in the retirement population will have little impact on economic growth. That’s the view of the White House Council of Economic Advisers, which has just given its latest forecast for the impact of the ageing […]
The latest Global Risks report from the World Economic Forum warns that its highlighted “societal risks all have a relatively high likelihood of occurring in the next 10 years”. As the chart above shows, the top 3 risks are those also highlighted in ‘Boom, Gloom and the New Normal’: • Water supply crises are the […]
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Paul Hodges is Chairman of International eChem, trusted commercial advisers to the global chemical industry.
The aim of this blog is to share ideas about the influences that may shape the chemical industry over the next 12 – 18 months. It will try to look behind today’s headlines, to understand what may happen next in important issues such oil prices, economic growth and the environment. We may also have some fun, investigating a few of the more offbeat events that take place from time to time. 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.