UK banks follow US lead in tightening credit
13th February 2008 by

The Bank of England’s quarterly survey of corporate credit conditions, published today, shows that...

US banks tighten as the Fed eases
10th February 2008 by

The US Fed has dramatically cut interest rates by 1.25% recently. But as it eases, so US banks seem ...

CEO confidence falls
24th January 2008 by

CEOs seem to be following CFOs in worrying about the impact of the credit crunch and debt crisis. Th...

$100 crude – US manufacturing close to recession
2nd January 2008 by

Oil prices touched $100/bbl today, a new record in nominal and inflation-adjusted terms. At the same...

What next for the credit crunch?
2nd January 2008 by

For the chemical industry, much depends on whether the US economy goes into recession during 2008. T...

2008 economic outlook
19th December 2007 by

Yesterday the European Central Bank opened its doors and lent €349bn to 390 banks seeking to shore...

Chemicals & the Economy – the first 6 months
14th December 2007 by

It is now almost 6 months since I started writing this blog. And I thought you might like some feedb...

Rolling thunder and Penn Square Bank
14th August 2007 by

When I worked with ChemConnect in the halcyon days of the dot-com era in 1999-2000, we had a fantast...

Interesting Quotes (2)
12th August 2007 by

Credit market problems intensified last week, even though stock markets rallied strongly until Wedne...

Subprime: a many-headed Hydra
10th August 2007 by

Yesterday, the ECB (European Central Bank) provided an unprecedented €95bn into the region’s cre...

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