on August 26, 2016

It has been 5 years since we first warned of a looming pensions crisis in Boom, Gloom and the New Normal.  Now, finally, it...

READ MORE »
on August 24, 2016

China used to be the world’s largest importer of PTA (the raw material for polyester). But not any more. Instead it has become a...

READ MORE »
on August 22, 2016

“There is a distinct difference between “suspense” and “surprise.”  Alfred Hitchcock It is now 2 years since the start of the Great Unwinding of...

READ MORE »
on August 19, 2016

There was one bit of good news this week.  For the first time since the financial crisis began, a Governor of the US Federal...

READ MORE »
on August 17, 2016

“What a difference a day makes“. Dinah Washington’s famous song could well be applied, with a longer timescale, to developments in China’s economy. The...

READ MORE »
on August 15, 2016

Its not been a great 6 months for the global chemical industry, and my usual quarterly survey of company results confirms the disappointment. The...

READ MORE »
on August 12, 2016

The Western BabyBoomers (born between 1946-70), have been one of the luckiest generations in history.  By and large, they have escaped the major wars...

READ MORE »
on August 10, 2016

Many commentators were shocked by China’s weak trade data on Monday – with imports falling 12.5% versus July 2015, and January – July imports...

READ MORE »
on August 8, 2016

Employment income is critical for most Americans and for the US economy.  The above chart shows how the key factor - the participation rate - has changed...

READ MORE »
on August 5, 2016

Its been a great run for the smartphone industry, but the party is now coming to an end.  As the chart shows, global sales...

READ MORE »