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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 378.38+2.7%Nov 10 4:00 PM EST

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To: elmatador who wrote (79974)9/21/2011 2:22:06 PM
From: Hawkmoon  Read Replies (2) of 217669
 
Like the US rose above the ashes of WWII theater of operations countries, BRICs will do the same this time around, MQ!

Hmm.. remember that it wasn't just the financial systems that were devastated after WWII, it was infrastructure and agriculture. It took years for bombed out cities to be rebuilt, and agricultural land to return to previous productivity.

This is not the same case here.. There are financial problems, but the emerging markets are politically unstable (many being non-democratic, or only loosely so) and they have serious corruption issues that MUST be stamped out for them to fully prosper. That is going to require major cultural changes occuring over generations, IMO.

They do have the population base and tremendous pent up demand. But they lack a middle class.. They are too wed to paying their people as little as possible in order to keep their cost of export production low.

I know this is a general "broad-brushed" perspective, but I see it evident in Thailand and Indonesia. And Indonesia's population and resources could make it a very significant power, if they could get their collective act together.

Hawk
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