By John Richardson IF you are a politician in the West, one approach to today’s crisis of global industrial overcapacity is heap most of the blame on China and threaten China with trade barriers. But if China doesn’t respond to your rhetoric, the problem is that you might be forced to follow through by actually […]
Asian Chemical Connections
Oil Prices: Beware Return Of The Financial Bears
By John Richardson THE above chart shows the extent to which this year’s oil-price rally has been led by futures markets. What is significant, though, is that futures activity seems to have plateaued. Sure, futures activity could easily go the other way again, driving prices significantly above the $50/bbl level. But barring a decision by […]
US Auto Sales: Recovery? What Real Recovery?
By John Richardson IF you look at last year’s US auto sales in isolation, the plan to transform the fortunes of economically struggling Wilkes County in North Carolina makes every bit of sense. In 2015, 17.5m vehicles were sold in the US, higher than the previous all-time peak year for sales in 2000. Government and […]
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