Platts Petrochemical Reaction: US debt ceiling: A scary moment for the petchems industry

"I would recommend you panic," was the advice of British hedge fund manager Hugh Hendry on a television debate on the financial crisis last year. This week the world's investors could have seen themselves taking his advice. Fortunately, US politicians finally managed to sign-off on allowing the US debt ceiling to be raised to everyone's intense relief so Uncle Sam can keep paying its...