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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 387.98+1.3%4:00 PM EST
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To: foundation who wrote (11903)11/26/2006 7:28:32 PM
From: energyplay  Read Replies (1) of 218068
 
Wolfensons's staff is making straight line projections on log paper.

To reach these numbers, China will have to grow at 7.5% for 43 years, doubling the economy every 10 years. The next ten years that should be doable. Then what ? How much more can Norht America and Europe buy ? Once China has 90% of the refrigerator market in the US, how does it grow 7.5 % a year in that sector.

Where would the money come from to keep increasing FDI ? Europe, North America and much of Asia are already making very heavy investments in China.

Longer term, China will hit the demographic barrier, with more old people than young people.

As for India, this projection requires a 9% growth rate for the 43 years. As has been pointed out, Overseas Indians, don't invest as heavily in Indian as Overseas Chinese. Also, there is the 60% literacy rate in India.
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