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Interest rates break out of their 40-year downtrend – and start creating chaos in global markets

US inflation was last at 8.3% in January 1982. And then, the 10-year yield was 14.6%. History may not be a perfect guide, but it is the best we have. So it might be worth planning for rates to go much higher than most “experts” expect, now that they have broken out of their downtrend.

Interest rates break out of their 40-year downtrend – and start creating chaos in global markets Read More

Europe’s plastics companies need to step up the pace on recycling if they want to stay in business

Europe’s plastic industry is at a critical turning point. Profitability is falling as the recession bites. But it cannot just cut back and hunker down. Instead, it has to take a lead in building major new recycling capacity, as current markets and feedstocks start to disappear.

Europe’s plastics companies need to step up the pace on recycling if they want to stay in business Read More