The Democrat Party sweep of the Georgia runoff senatorial elections this week means President-elect Joseph Biden will take office on 20 January with his party in control of both houses of Congress and thus an easier path to enacting the policies on which he campaigned. The blog previously outlined some possibilities for pandemic-recovery economic stimulus […]
Chemical Connections
3 stimulus possibilities under the Biden administration
US president-elect Joseph Biden has called the recently passed $900bn second round of coronavirus-related economic stimulus a down-payment to what he will promote passage of after he is sworn into office on 20 January 2021. What that third round of stimulus will look like will be shaped in part by the two 5 January 2021 […]
Chemical market whack-a-mole
Anyone ever play whack-a-mole? The image here comes from the 1990s, a time of ill-fitting T-shirts and no smartphones, so entertainment came from games such as whack-a-mole that sprung up (literally) to test our hand-eye coordination as well as our ability to deal with a new problem cropping up just as soon as we had […]
The US economy’s hall of mirrors
The US economic recovery from pandemic-induced shutdowns is about as disjointed an endeavour as I can recall. Recent data releases and surveys paint a quite jumbled picture. Take this week’s Beige Book release from the Federal Reserve, which distils inputs from regional Reserve bank surveys into the following summation: Employment – Up overall since falling […]
The pandemic and petrochemicals demand: a whole new approach is required
By John Richardson MONITORING demand has never been harder because of the pandemic. One of my colleagues on the ICIS Pricing team was, for example, last week told by one of his reliable contacts that polyethylene (PE) demand was good, bad or indifferent. It used to be that if you talked to the people you […]
China’s new five-year-plan to accelerate petrochemicals self-sufficiency
By John Richardson IT IS ONCE again a critical moment in forecasting the direction of China’s petrochemicals industry and with it, of course, the direction of the global industry, as the global industry so heavily depends on China. If China’s deficits were to entirely disappear, what would many of us then do for a […]
Consumers will experience better days, and with newer clothes
Most of the statistics bantered about right now are coronavirus-related, which means they are monotonous at best and heartbreaking at worst. Even New Zealand, which stood out as an example of how to handle the crisis, celebrated 100 days of no reported infections only to have four spring up a few days later, which spurred […]
With so much hanging in the balance, let data light the way
The fourth quarter (Q4) of 2020 is the most consequential quarter in generations. It feels like hyperbole to type and sounds just as sensationalistic when said aloud, but not since Q4 1941, when the bombing of Pearl Harbor changed the US’ relationship with the rest of the globe for the next 80 years, has there […]
Chemical Data acquisition streamlines global packaging benchmark solution
Amid these uncertain times, it’s easy for businesses to slam on the brakes on investment and focus on core operations in the hopes of riding out the economic storm. But companies rooted in strong foundations find ways to continue investing during such times, with a keen eye on growth now and accelerated growth post-crisis. That […]
Data drives home life changes for Americans amid pandemic
Apparently, right now is a good time to take a walk or drive around that new house you’ve bought. Well, maybe not you or I, but a lot of Americans seem to be doing that according to the data. CNBC compiled into a short post five charts that tell a fascinating story about our behaviours […]
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