The pH Report

The debt-fuelled ring of fire

Conference call with Paul Hodges

Paul views the economy through the lens of capacity utilisation in the chemical industry - a leading indicator. On the call he highlighted practical areas for attention - employee health & safety; value/supply chain risks; credit risks; paradigm shifts. Reviewed the lessons to be learned from China’s experience over the past 3 months, and warned that recovery in the West will not be V-shaped. Earthquake tremors are hitting financial and oil markets as central banks and OPEC lose control – and markets will rediscover their true role of price discovery.