There should be no surprise that President Trump has launched his trade war with China. The real surprise is that financial markets, and business leaders, are so surprised it is happening. He was, after all, elected on a platform that called for a trade war, as I noted originally back in November 2016 – and […]
Tag Archives | Andrew Liveris
Wall Street’s post-election rally suggests that many investors currently have the wrong idea about Donald Trump. They have decided he is a new Ronald Reagan, with policies that will deliver a major bull market. But those promoting this narrative have forgotten their history. Both men certainly share a link with the entertainment industry. But Reagan […]
Nobody likes change, particularly on the scale that is taking place all around us today. Understandably, we prefer to live in a state of Denial. This is why “Impossible” is my Word of the Year for 2016. The main feature of the word is that it is a statement, and a very clear statement. People […]
Now its official. Andrew Liveris, Dow CEO, told CNBC last week that the “pre-2008 economy was a bubble“. And exactly mirroring the analysis of Boom, Gloom and the New Normal, he went on to add that “for a couple of years after 2008, we had a head-fake that the growth might have returned, but it […]
Apparently its not just Jim Cramer who is less than happy with the current performance of Dow CEO, Andrew Liveris. The New York Times notes that merger arbitrageurs on Wall Street have started to spell his surname backwards, and re-christened him accordingly.
The credibility of some chemical industry CEO’s seems to be under increasing attack, due to their apparent failure to develop proper contingency plans in advance of the current recession. One example this week comes from the USA, where Jim Cramer is one of the most well-known business TV commentators. He suggests that Dow’s CEO, Andrew […]
A month ago, after the collapse of the K-Dow deal, the blog suggested that Dow would need to move quickly to a Plan B. It added that “nobody would be very surprised if it now sought to renegotiate the proposed Rohm & Haas acquisition”. This now seems to be underway, judging by two pieces of […]
Andrew Liveris, Dow CEO, has consistently warned that we are facing a major recession. Today, in a Bloomberg interview, he spells out the need for “radical actions” to “take out capacity”. He notes that Dow’s volumes are down 10%-20% this quarter, and expects this to continue into H1 next year. And he forecasts that “we […]
Many Asian companies have been cutting back petchem production in recent weeks. Now TOTAL have become the first to follow suit in Europe, with the announcement that they will shutdown the Carling No 2 cracker for a month from mid-November. These decisions are never easy. But as the blog has noted before, when times are […]
Its not normally a good sign when chemical industry bosses feel the need to cheerlead on the outlook for the economy. Dow’s CEO Andrew Liveris therefore caught my attention at Davos, when he told CNBC that talk of recession was ‘over-reaction’. Particularly when he then corrected himself, adding that what he had meant to say […]
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Paul Hodges is Chairman of International eChem, trusted commercial advisers to the global chemical industry.
The aim of this blog is to share ideas about the influences that may shape the chemical industry over the next 12 – 18 months. It will try to look behind today’s headlines, to understand what may happen next in important issues such as oil prices, economic growth and the environment. We may also have some fun, investigating a few of the more offbeat events that take place from time to time. Please do join me and share your thoughts.
Between us, we will hopefully develop useful insights into the key factors that will drive the industry's future performance.