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Chemicals and the Economy

The blog in 2012

The blog is now close to celebrating its 150,000th visit. Its readership also continues to grow and it is now read in 146 countries. Readers remain very loyal, with 50% visiting every week and 28% visiting on a daily basis. The main event of the year has been the completion of its eBook, ‘Boom, Gloom […]

Italy’s oil consumption back at 1967 levels

The wrong diagnosis can often make the problem worse not better, as doctors know very well. But the message hasn’t got across to policy makers. They refuse to believe that ageing populations spend less and save more – even though all the evidence confirms this commonsense observation. So instead, they have convinced themselves the world […]

“Growth won’t save us – there won’t be any”

Merryn Somerset Webb, editor-in-chief of Money Week and also a Financial Times columnist, has devoted her latest post to the implications of the ageing Western population: “I can’t be sure of much about next year. But here’s one fact you can’t argue with: 2013 will be the year that we get old. “How’s that? 2013, […]

The Cycle of Deflation continues to develop

In January, the blog suggested that political issues would continue to gain increased importance. Its argument was that the strong economy between 1982-2007, when the US suffered just 16 months of recession, meant political and social issues took a back seat. Money was easily available to ‘solve’ most problems. Since then the global economy has […]

US Fed’s doubling of QE3 fails to impress markets

Over the past 4 years, 18 men (no women are involved) have run the global response to the financial crisis, as politicians refused to take a lead. Instead, the world’s leading central bankers felt forced to establish their own Economic Consultative Committee (ECC). They represent countries comprising 75% of the global economy ($51tn). They now […]

High oil prices present recession risk

Oil prices are heading for a second successive year of record annual prices. Last year, Brent averaged $111/bbl and it is averaging similar levels so far in 2012. History suggests this is very bad news for consumers, for companies and for the global economy. The reason is that consumers in most major economies are now […]

ACS Chemistry & the Economy webinar today

The blog’s regular Chemistry & the Economy webinar with the American Chemical Society (ACS) takes place today at 14.00 hours Eastern Time. As always, it will be moderated by friend and colleague Bill Carroll – chair of the ACS and Vice President of Occidental Chemical. Today’s webinar will look back over 2012, and highlight the […]

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