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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: elmatador who wrote (88065)10/27/2007 11:44:02 PM
From: GST  Read Replies (1) | Respond to of 110194
 
<There's a limit to the number of farmers you can pull out and urbanize> China still has nearly a billion of them and they are moving into the cities by the tens of millions each year. Nobody is pulling them of the farms. Farm modernization and boredom is sending them into the cities -- opportunities to make money. Another 350 million will move into cities in the next 10 to 12 years. Think about it. This is the driving force of the global economy as much as anything else is these days. Hundreds and hundreds of millions fo people suddenly joining the global economy in a matter of a relatively few years.