BASF warns on 2009
31st October 2008 by

Back in August, the blog noted that BASF chairman Jurgen Hambrecht was forecasting that “the w...

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Deflation threatens
30th October 2008 by

Prof Nouriel Roubini of New York University was one of those to correctly forecast a global recessio...

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‘Financial panic’ over? Fed lends direct to companies
28th October 2008 by

The US Federal Reserve is now bypassing the banking system, and dealing directly with major corporat...

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US house prices fall again
28th October 2008 by

US house prices continued their downward path in August, and “every region reported negative a...

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OPEC cuts production, worries about demand
28th October 2008 by

Two main factors weigh on oil markets. The first, as PetroMatrix note in their latest weekly report,...

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Benzene drops to naphtha price
27th October 2008 by

Benzene is an excellent indicator of the outlook for industrial production, and hence for general ch...

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The lighter side
27th October 2008 by

Last week, the Financial Times tried to lighten the current mood of doom and gloom. It began a lette...

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US to help homeowners
27th October 2008 by

There are welcome reports this morning that the US government is finally putting in place measure to...

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Regulators discover gambling in casinos
27th October 2008 by

Last week, the blog didn’t know whether to laugh or cry when Alan Greenspan told Congress that...

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Sentiment, fundamentals….and panic
26th October 2008 by

Sometimes markets move because of sentiment, sometimes because of fundamentals. Sometimes (luckily r...

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