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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: RealMuLan who wrote (5678)5/6/2004 2:07:35 AM
From: mishedlo  Read Replies (1) of 116555
 
From Rien on the FOOL....

Only 20%???, OK there is a "+" sign behind it. But I'd say it will be more like 70%.

Lets assume share of GDP = standard of living.

Take the US, Japan and europe together an assign them 80% of world GDP. Lets also assign them 1B people. Thus 1/6th of the world has 80% of GDP. I think that is probably underestimated grossly, but it will do.
So if 6/6th is 100% GDP, then 1/6th should be about 17%, lets use 20%.
From 80 to 20 means a reduction by 75%.

Best,
Rien.
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