The results of the central bankers’ great experiment with money printing are now in, and they are fairly depressing, as the charts above confirm: On the left are the IMF’s annual forecasts from 2010 – 2018 (dotted lines) and the actual result (black) Until recently, the Fund was convinced the world would soon see 5% […]
Chemicals and the Economy
Leverage and bad debts
Some 20 years ago, after a couple of senior management jobs, I was sent off to study for a month at the IMD business school in Switzerland. There I spent time with Prof Jim Ellert, a noted financial analyst, who showed us how to understand a P&L and a balance sheet. He also passed on […]
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