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Pastimes : Ask Mohan about the Market
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To: Joseph G. who wrote (9637)11/27/1997 9:23:00 PM
From: Haim R. Branisteanu  Read Replies (2) of 18056
 
Would like to add my 2 cents that during the last 10 years some basic food commodities have risen in price, and the world population grew quite fast in the most populos countries in Asia.

I am not sure if the GDP per capita adjusted to inflation (food weighted) has improved. Computers are helping the modern world, but I question the efficency of such a item in countries with a $1000 GDP/capita.

In a nutshell it is my opinion that markets got well ahead of themself merely on hte basis of better communication and do not reflect the REAL improvement on a GDP/Capita unit.

My reasoning is that the recent events of financial market in SE Asia exactly reflect this aspect as in that area are the most growth in population. The combined phenomen of improved standart of living with no slowdown in birth rate will bring to an ever escalating price of food commodities and "building blocks" of living space - e.g. lumber as an example.

As in every natural event thinks will start to balance out but at a cost and not without hardship. This hardship is now reflected in the financial markets. Those processes are slow and technological improvements only hamper the balancing process, as human nature does not change "every 18 months" <ggg>

Next decade "hot commodities" will be "Columbus Gold" - corn, rice etc. lumber, dirt and potable water.

So those are my 2 cents

Haim
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