Chemical markets are continuing to signal that the world faces major economic challenges in 2015. The chart above highlights developments since August, when I first forecast that oil prices would see major falls, and that the value of US$ would see “a strong move upwards“: Benzene, always my favourite indicator for industrial output, has suffered worst, down 56% (green) Brent […]
Chemicals and the Economy
Seeing is not believing
Prof Daniel Kahneman is the blog’s favourite living social scientist. He won the 2002 Nobel Prize for economics for his insight that: • Economists are wrong to assume human beings are motivated by self-interest and make rational decisions • In fact, human judgement may take short-cuts that systematically depart from basic principles of probability • […]
Jump to page: