As promised yesterday, the blog looks today at the impact of today’s high prices on oil consumption growth. As the chart, based on BP data shows, the ‘easy money’ policies of the central banks have only partially mitigated the impact of the oil price rally since 2009. Consumption growth has not fallen to the 0.8%/year level […]
Tag Archives | pensions
Oil markets have been driven by speculative excess since 2009. None of the factors that were supposed to create supply shortages have ever occurred. Markets have never even been close to scrambling for product. And the rallies are getting shorter and shorter, as this simple fact is finally being better understood. Thus traders’ most recent efforts to create […]
As promised yesterday, the blog looks today at the impact of today’s rapidly ageing populations. The key point is that global life expectancy been rising for over 40 years, whilst fertility rates have been falling. A paradigm shift is thus inevitable, where future demand will be very different: 1970 Onwards. Growth accelerated, as the population became concentrated in the […]
So, here we are again. Each year it seems to take less and less time for the US Federal Reserve to give up on its confident New Year forecasts of economic recovery. New Fed Chair, Janet Yellen, argued in February that the weather was responsible for the economy’s poor performance. But now she seems to have decided the […]
Many readers have asked to see how the UK economy is being impacted by its ageing population, following the blog’s December series on the US, China, Japan, Germany and France. As the chart shows, it is in a very similar position to all of these countries: Life expectancy has increased by 17% to 81 years today, from […]
France, with GDP of $2.6tn, is the 5th and final profile in the blog’s series on the impact of ageing populations on economic growth. Its importance lies not just in the size of its economy, but also in the fact that its relationship with Germany has been the driving force behind the European Union and the Eurozone. France […]
How much money will you actually get when you retire? And how secure will that income be? Slowly but surely a debate is starting to open up about the impact of ageing populations on economic growth. And as a result, a second and equally important debate is starting about what is actually happening to pensions. “We […]
Think back over the past 5 years. Can you remember a single time when oil supplies were actually difficult to find? If you can’t, then you have the same memory as the blog. Official statistics support this view. Thus last week’s US EIA report noted that “U.S. crude oil inventories are near the upper limit […]
We all hope to live long enough to receive a pension. But few of us have any real idea of how much money is needed to fund our retirement. Many happily assume that savings of $250k, for example, will easily fund round-the-world travel and major home improvements, whilst also providing plenty of spending money each […]
The chart above should be of great interest to anyone who hopes to retire on a pension. It should also be required reading for any executives planning their business portfolio for the future. Published by the Financial Times, it shows the actual performance of pension funds in selected OECD countries since 2001: • The blue […]
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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.