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Asian Chemical Connections

China’s Debts: Close Your Eyes, Hope For The Best

By John Richardson LACK of transparency is fine when any economy is booming. Think of Indonesia pre-1998 before the fall of Soeharto. No foreign or local investor really cared that much about where the suitcases of money were going because the price of corruption was well worth paying. Similarly in the US before 2008, most […]

Please Be Careful Out There

By John Richardson Quite often, a chart is worth many thousands of words. The above chart, from Bloomberg, shows the divergence between the soaring S&P 500 index and US macro-economic indicators. The theory is that soaring equity values will be the tide that lifts all boats. Even America’s hard-pressed middle classes will benefit, not just […]

China To Grow at 3 Percent

By John Richardson THE possibility that China’s economy may not expand as rapidly in the future as in the past is never discussed in public by resources-company CEOs, said an Australian-based stockbroker. His comments ring true for petrochemicals, also. The blog is struggling to find a senior executive willing to discuss this possibility on the […]

Resolving China’s Bad Debts

By John Richardson IS China facing a bad debt crisis as serious, or perhaps even worse, than sub-prime in the US and sovereign debt in Europe? Despite all the bland reassurances the blog keeps hearing from chemical industry executives about the tremendous growth prospects in China, this is a valid question as we try to assess […]

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