Source of picture: The China Daily By John Richardson THE outcome of the row between the US and China over the value of the Yuan has the potential to bring to an end a tentative and highly unbalanced global economic recovery, economists and chemicals industry sources have told the blog. If the US […]
Asian Chemical Connections
Douple-dip Appears To Have Begun
By John Richardson The start of the next dip in what this blog has long thought would be a double-dip economic crisis looks as if it could have begun. If not now, it’s going to happen at some point because of major global imbalances. What’s worrying right now is the combination of: *Potentially weaker demand […]
For Hands That Don’t Want To Do Dishes
Buy now, pay later…. Source: www.examiner.com Note: There is a special prize for the first blog reader who can explain the above headline. In the 2001 recession, US consumer spending slowed but did not fall, and picked up again very quickly. In the early 1990s, it dipped a bit but returned to pre-recession […]
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