Chemicals and the Economy

Perennials set to defeat Fed’s attempt to maintain the stock market rally as deflation looms
23rd June 2019 by

Never let reality get in the way of a good theory. That’s been the policy of western central b...

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Chart of the Year – China’s shadow banking collapse means deflation may be round the corner
16th December 2018 by

Last year it was Bitcoin, in 2016 it was the near-doubling in US 10-year interest rates, and in 2015...

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Economy faces slowdown as oil/commodity prices slide
12th February 2018 by

Oil and commodity markets long ago lost contact with the real world of supply and demand. Instead, t...

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The global economy and the US$ – an alternative view
29th January 2018 by

Every New Year starts with optimism about the global economy.  But as Stanley Fischer, then vice ch...

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US Treasury benchmark yield heads to 4% as 30-year downtrend ends
22nd January 2018 by

The US 10-year Treasury bond is the benchmark for global interest rates and stock markets.  And for...

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Anti-pollution drive hits China’s role as global growth engine
4th December 2017 by

China is no longer seeking ‘growth at any cost’, with global implications, as I describe...

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The Great Reckoning for policymakers’ failures has begun
16th October 2017 by

Next week, I will publish my annual Budget Outlook, covering the 2018-2020 period. The aim, as alway...

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Baby boomers’ spending decline has hit demand and inflation
21st September 2017 by

The Financial Times has kindly printed my letter below, wondering why the US Federal Reserve still ...

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Oil price weakness will unmask reflation and recovery myth
15th June 2017 by

Oil markets have been at the centre of the recent myth that economic recovery was finally underway. ...

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