EVENTS:   Why a Global Upswing Is Brewing - The Parallels with the Noughties - Chris Watling/Longview Economics - 01 Jul 25   Best Equity Short Ideas Conference Call 11 - Thomas Chanos/Badger Consultants & Julian Hull/Dragoneye Research & Tom Beevers/Forensic Alpha & Makay Redd/Oxford DataPlan & John Zolidis/Quo Vadis Capital & Scott Mushkin/R5 Capital - 02 Jul 25   The EM Rebound: Reality, Risk, and Regional Opportunities - Jon Anderson/Emerging Advisors Group - 03 Jul 25     ROADSHOWS: U.S. Financials Regs under the Trump Administration  - Ian Katz /Capital Alpha Partners   •   London   01 - 04 Jul 25       L/S Industrials and Materials Ideas - Jay Van Sciver /Hedgeye   •   London   09 - 11 Jul 25      

The debt-fuelled ring of fire

New Normal Consulting

Tue 24 Mar 2020 - 15:00

Summary

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.

Topics

Highlights 'the debt-fuelled ring of fire' which has started to be opened up as central banks have lost control, as have OPEC, whilst a major paradigm shift is underway, and the world will be very different when the recession ends.