August highlights
1st September 2008 by

Many readers have been out of the office during August on a well-deserved break. I am therefore high...

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‘Global economy at 60-year low’ – UK Finance Minister
30th August 2008 by

Another policy maker has decided realism is the best policy when talking about the current credit cr...

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A sombre outlook
27th August 2008 by

Housing is a vital market for chemical companies. It boomed in the US and other Western countries as...

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China’s growth slows
24th August 2008 by

China’s growth rate is slowing quite sharply. Exports to the US grew just 9% in H1, half the 2...

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The ‘slow motion train wreck’ continues
19th August 2008 by

A year ago, the noted investment analyst, Jeremy Grantham, described the credit crisis as a ‘s...

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BASF reduce 2008 global GDP forecast
19th August 2008 by

BASF have now reduced their 2008 GDP forecast from 2.8% to 2.4%. This may sound a small amount, but ...

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1/3rd of US auto suppliers risk bankruptcy
12th August 2008 by

US and European auto sales fell again last month. GM reported total US sales down 27% versus 2007, d...

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‘Grey hair and good advice matter’
10th August 2008 by

The credit crunch began a year ago. At that time, the blog was very much in a minority when worrying...

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German and Spanish economies turn down
7th August 2008 by

I noted last month that German industrial production fell 2.4% in May, and that Chancellor Angela Me...

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Cracker margins under pressure
2nd August 2008 by

Paul Ray’s excellent ICIS PE margin report provides plenty of food for thought this week. The ...

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