Warning: Declaration of FeedWordPie_Item::get_id($hash = false) should be compatible with SimplePie_Item::get_id($hash = false, $fn = 'md5') in /home/customer/www/new-normal.com/public_html/wp-content/plugins/feedwordpress/feedwordpie_item.class.php on line 0

Warning: Declaration of FeedWordPress_Parser::parse(&$data, $encoding) should be compatible with SimplePie_Parser::parse(&$data, $encoding, $url = '') in /home/customer/www/new-normal.com/public_html/wp-content/plugins/feedwordpress/feedwordpress_parser.class.php on line 0
global trade war Archives - New Normal

The litmus test for the global economy

Polyethylene’s crisis will create Winners and Losers

Polyethylene markets (PE) are moving into a crisis, with margins in NE Asia already negative, as I have been forecasting.  Scenario planning is now a matter of potential life or death for companies likely to be impacted over the next 12-18 months. The collapse in margins is already quite dramatic as the chart based on

China’s renminbi and the global ring of fire

China’s property bubble puts it at the epicentre of the ring of fire © Reuters  China’s devaluation could be the trigger for an international debt crisis, as I describe in my latest post for the Financial Times, published on the BeyondBrics blog August has often seen the start of major debt crises. The Latin American

Europe’s auto sector suffers as Dieselgate and China’s downturn hit sales

Trade wars, Dieselgate and recession risk are having a major impact on the European auto industry, as I describe in my new video interview with ICIS Chemical Business deputy editor, Will Beacham. One key pressure point is created by the downturn in China’s auto industry. As the chart shows, it has been a fabulous growth

Recession risk rises as Iran tensions and US-China trade war build

Oil markets are once again uneasily balanced between two completely different outcomes – and one again involves Iran. Back in the summer of 2008, markets were dominated by the potential for an Israeli attack on Iranian nuclear facilities, as I summarised at the time: “Nothing is certain in life, except death and taxes. But it

Chemical output signals trouble for global economy

A petrochemical plant on the outskirts of Shanghai. Chinese chemical industry production has been negative on a year-to-date basis since February Falling output in China and slowing growth globally suggest difficult years ahead, as I describe in my latest post for the Financial Times, published on the BeyondBrics blog Chemicals are the best leading indicator for the