Free-falling felines, dead-count bound, chemical-market rebounds, financial meltdown
Asian Chemical Connections
All those wasted lives – but at least you got your bonus
Mr Obscenely Rich Got Out In Tiime Banker, please look into these eyes, see the pain from the last Great Depression and maybe you will give some of your obscenely huge bonus towards poverty relief. And perhaps also you’ll be willing to pay for all the counselling that the children of this new Great Depression […]
The West can still be the best
It is very easy assume that Asia ex-Japan will eventually catch up with the West and become as good at “solution” chemicals as the West. I am excluding Japan because it has long been a major speciality player. All the money that China, for example, is pouring into its state-run research institutes would seem to […]
Here we go again – 1997 is back…..
I sincerely hope not, but all the signs are there because of: *A financial crisis which nobody again saw coming, this time with global implications *What could prove to be too much spending on new equipment and capacity. This time high equity prices have paid for these investments rather than US dollar-denominated bank loans, as […]
The world goes Upsize barmy
Standing in the queue for Starbucks (not McDonalds – no way, and my son’s going nowhere near that place) it’s so easy to opt for the half bucket-sized Grande option because, after all, we are all rich these days and anyway it costs hardly anything to “Upsize”. Walk around Starbucks and you’ll notice numerous Grande […]
The global credit crisis is going to last
The collective sigh of relief was almost audible late last week when the Fed cut its discount rate – the rate banks charge each other for lending. Action from other central banks, including the European Central Bank, could follow this week. Analysts also rate the likelihood of the Fed cutting its formal interest rate at […]
China attempts to move up the value chain
Petrochemical markets are being badly ruffled by two recent Chinese government decisions. In late June, there was the decision to change the VAT export rebate system for yuan-priced product. And then this week there was a widening of the deposit rules governing import duty and VAT rebates on petchem imports priced in US dollars. But […]
Could Pride Come Before A Fall?
This article from Reuters highlights the danger of overpaying for assets in the current India M&A frenzy.Perhaps its point about the overall of over-confidence is valid, especially given that previous deals were small scale. Other Indian companies, following Tata Steel’s lead, are starting to bid the big league. Integrating small acquisitions to add value is […]
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