Financial markets jumped this week on news of liquidity moves by the central banks. But the blog’s own IeC Boom/Gloom Index remains in negative territory, as the chart shows (blue column). Investors seemed to forget for a moment that the eurozone crisis is not fundamentally about liquidity. It is about solvency. Greece, and some other […]
Chemicals and the Economy
China’s slowdown continues
Today’s purchasing manager index shows China’s manufacturing is now contracting across the country. As always, petchem markets have been leading indicators of this slowdown. And worrying, China’s polyethylene (PE) markets are showing no sign of any improvement as we head to year-end. Volume grew 53% between 2008 – 2010 as a result of the government’s […]
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