The FOMC Decision And Tackling Leprosy

China, Company Strategy, Economics, Environment, India



                  Ben Bernanke


Please note that before reading what follows: We do not want to be seen as belittling or ignoring the enormous efforts of those chemicals companies individuals, including those in India, who already contributing to long-term, sustainable growth.  We recognise their tremendous contribution and we would love to hear from those companies and individuals so we can highlight, and applaud, what they are doing.

But we continue to worry that the irresponsible action of central banks, including the Fed, have papered over the cracks in growth models for too long. Many chemicals company executives who think about the long term health of their companies, both economically and socially have, of course, for a long time got this. But are they in the majority?


By John Richardson

The FOMC’s surprising decision not to taper bond buying any time very soon has no doubt led to champagne-cork popping by the hedgehogs.

And, of course, Asian emerging market equities, bonds and currencies will rally today. This  will lead to a reaffirmation of the belief that if fundamental, deep-rooted economic, social, environment and political problems are swept under the carpet for long enough, they might somehow, magically, disappear.

But for Sandeep Gupta, however, and billions of other people in the emerging world, nothing has changed.

“Sandeep Gupta fidgets nervously in a Mumbai clinic while waiting to learn if the white patches and boils that appeared on his elbow a month ago are signs of leprosy – the disease that disfigured his cousin and maimed millions of people in India and elsewhere for 8,000 years,” wrote Bloomberg in this article.

“The lesions on the 12-year-old’s arm are a sign of leprosy, which, left untreated, can cause disfigurement and nerve damage.

“While leprosy, described in Indian texts from the 6th century BC, has been cleared from the developed world, it’s regaining ground in India, which has become the biggest source of cases imported into the UK and Australia.”

India’s 850 self-settled communities of leprosy sufferers are sometimes located in the shadows of technology parks and gleaming towers, Bloomberg added.

“I tell politicians, if you want to demonstrate India’s progress, you can’t afford to have a disease like leprosy,” SK Noordeen told the wire service. Mr Noorden led the World Health Organisation’s global leprosy elimination programme from 1984 to 1999 and now advises the Indian government on the disease.


The Hedgehog And The Fox


By John Richardson Are there more hedgehogs in the chemicals industry than foxes...

Learn more

Malaysia Reform Complacency And The Fed


By John Richardson REFORM complacency could well be one of the harmful results f...

Learn more
More posts
Drone attack on Saudi oil facilities: Substantial investment required to avoid a repeat

The views expressed below are personal and do not express the views of ICIS Here is a another blog p...

President Trump can only cause major economic damage by beating China, unless he has a time machine

The views in this blog, are, as always, my own personal views and don’t reflect the views of I...

Unsustainable boom in China auto market ends as sales of new vehicles move permanently lower

By John Richardson THERE IS a big temptation when making forecasts of becoming too excited about the...

Global PP demand could be 81.5m tonnes less than forecast in 2019-2028 as China Debt Supercycle ends

By John Richardson SOME PEOPLE argue that despite the rapid rise in Chinese consumer debt over the l...

China economic stimulus and PP: How global demand could have been 71m tonnes smaller

By John Richardson CHINA came to the rescue of the global economy in 2009. This wasn’t for altruis...

Hong Kong an example of rising political risk and the end of easy growth

This blog expresses my opinions and not those of ICIS By John Ricuardson THE UNREST in Hong Kong wor...

China imposes trade-war tariffs in US LDPE and raises tariffs on HDPE and LLDPE

By John Richardson DON’T SAY I didn’t tell you. As I predicted, China has levied trade-war tarif...

President Trump’s “better off without China” tweet not supported by the data

The opinions in this blog post are, as always, my own and do not reflect the views of ICIS   By...


Market Intelligence

ICIS provides market intelligence that help businesses in the energy, petrochemical and fertilizer industries.

Learn more


Across the globe, ICIS consultants provide detailed analysis and forecasting for the petrochemical, energy and fertilizer markets.

Learn more

Specialist Services

Find out more about how our specialist consulting services, events, conferences and training courses can help your teams.

Learn more

ICIS Insight

From our news service to our thought-leadership content, ICIS experts bring you the latest news and insight, when you need it.

Learn more