Entries from Chemicals & The Economy tagged with 'President Obama'
California hands out IOUs instead of cash
Source: Wall Street Journal Everybody's favourite Christmas film is 'Its a Wonderful Life', in which the hero rescues a failing US bank during the Depression. But until today, the blog had never realised that a major role model for the...
Gasoline markets slip, financial markets stumble
Yesterday's financial market action was very revealing. As Olivier Jakob of Petromatrix perceptively describes it, "liquidation on gasoline led to a correction in crude oil, which in turn pressured equity markets". The problem is that financial markets now seem to...
G-20 prepares for London meeting
Leaders of the G-20 represent 85% of the global economy, and 65% of world population. Set up by Finance Ministers after the Asian crisis in 1997/8, they first met at Heads of Government level in the USA last November. Sadly,...
Global economy to shrink in 2009
The world's major financial institutions become more pessimistic each time they report on the economic outlook. 6 weeks ago, the blog noted that the IMF expected "the global economy to come to a virtual standstill in 2009". Today, the World...
"An economic crisis of historic proportions"
President-elect Obama has become the latest world leader to "get it", as his wife Michelle once remarked. For far long, politicians seemed to believe their platitudes about the "underlying strength" of their national economies. This meant their proposed remedies were...
Obama wins, Bush stays in office
Sen. Barack Obama duly won a landslide victory in yesterday's US Presidential election, but will not take office until 20 January. I suggested last month in ICB, that "this delay, at such a critical moment, is not good news for...
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