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Chemicals and the Economy

Policymakers seek simple answers to complex issues

3 years ago, two Harvard professors published a book with the eye-catching title, “This Time Is Different: Eight Centuries of Financial Folly”. Marketed as “the landmark work of financial crises”, it went straight into the best-seller lists and became required reading for policymakers. The blog, trying to keep up as always, also bought a copy. […]

90% of new US mortgage bonds now government guaranteed

It would be nice to believe that a sustained recovery was now underway in the US housing market. But unfortunately, there is little evidence to confirm the claims now being made. As the chart of prices from the S&P Case-Shiller index shows: • February prices (red square) remain in the same range seen since the […]

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