OECD oil inventories have never been higher. They were 2.9mb at the end of July, and are expected to have risen further since then, according to energy watchdog the International Energy Agency: In terms of days of forward cover, they are now at 63 days in the OECD overall They are at 68 days in […]
Chemicals and the Economy
Printed money won’t save us, nor will China
I have just recorded a new interview with Merryn Somerset Webb, editor-in-chief of MoneyWeek (the UK’s best-selling financial magazine) and a regular contributor to the Financial Times. The previous interview has so far been watched by over 75000 people. It covers key issues such as the impact of China’s New Normal policies on the […]
Markets worry real world issues may trump monetary stimulus
Something has clearly changed in global financial markets in recent weeks. Not only have they been falling, but real world issues have begun to provide a negative impact. This sounds a strange statement. But it simply means that in the past, markets have seen “bad news” as being good news. They expected that it would […]
1 in 5 of world population will be in New Old 55+ generation
An amazing development is taking place in the world today. For the first time in human history, more people are joining the 55+ age group than the 25 – 54 age group: 600m people will be joining the New Old 55+ cohort between now and 2030, taking their numbers to 1.8bn This is twice the […]
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