Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: elmatador who wrote (54778)	10/24/2004 6:33:28 PM
From: Joe S Pack	of 74559

I am not sure yet, but let us see which ruling gang is smart. US may crumble BRIC by BRIC timesofindia.indiatimes.com TIMES NEWS NETWORK[ SUNDAY, OCTOBER 24, 2004 11:30:05 PM ] NEW DELHI: China and India may emerge as the world's No 1 and No 2 car markets. Within 20 years, China could have overtaken the US as the world's largest auto market, with India displacing the US perhaps as soon as 15 years later. In a decade, the middle class in BRICs (the largest emerging economies of Brazil, Russia, India and China) would have outnumbered the population of the US, Western Europe and Japan combined. The number of people with income over $3,000 a year (a level consistent with entry into the 'middle class') in the BRICs could nearly double in three years. Over 800 million people may have crossed that threshold in BRICs in a decade. The middle class could grow 14 times in India and 10 times in China in the next decade. In Brazil and Russia, that number could more than double. These are the latest startling projections from Goldman Sachs, which supplied much food for thought worldwide with its first report on BRICs last year projecting China and India to become the World's No 1 and No 3 economies with the US in the No 2 place in a little over 30 years. ......

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