Emerging Markets: The New Spenders of the 21st Century [View article]
the same was said of the usa by old europe not many years in the past.
On Dec 07 04:30 PM AlexR wrote:
> I have lived in one of the BRIC countries. I am really skeptic that > any of these countries can one day pull ahead of the U.S. in terms > of economic dominance, whether you measure it by GDP, productivity, > or standard of living. The transformation would require several centuries. > Keep in mind that the entire Chinese population has just been scammed > by the Americans, at the tune of $2,000 per person... the Chinese > have slaved away for years to produce goods for the U.S., in exchange > for nothing but paper (dollars and treasuries) now held by the Chinese > government. It seems to me the U.S. got the better end of that bargain. > I have no idea how this will unfold, but at some point the Chinese > will realize what a raw deal they got. A similar deal was in effect > with Russia and Brazil for commodities, but they have already squandered > most of the money made in that bubble. India is held back by internal > discrimination (too much diversity and a social cast system) that > stifles social mobility and entrepreneurship, and hence productivity. > The amount of education, cultural adaptation, and infrastructure > build-out that would be required to turn these "emerging" economies > into rich nations would be in the hundreds of trillions of dollars.
Rio 2016: Using ETFs to Play Brazil's Olympic Win [View article]
On Oct 03 05:05 PM mals wrote:
> You have listed five ETFs. Is there one fund that captures all of
> the components of the five ETFs?
Emerging Markets: The New Spenders of the 21st Century [View article]
On Dec 07 04:30 PM AlexR wrote:
> I have lived in one of the BRIC countries. I am really skeptic that
> any of these countries can one day pull ahead of the U.S. in terms
> of economic dominance, whether you measure it by GDP, productivity,
> or standard of living. The transformation would require several centuries.
> Keep in mind that the entire Chinese population has just been scammed
> by the Americans, at the tune of $2,000 per person... the Chinese
> have slaved away for years to produce goods for the U.S., in exchange
> for nothing but paper (dollars and treasuries) now held by the Chinese
> government. It seems to me the U.S. got the better end of that bargain.
> I have no idea how this will unfold, but at some point the Chinese
> will realize what a raw deal they got. A similar deal was in effect
> with Russia and Brazil for commodities, but they have already squandered
> most of the money made in that bubble. India is held back by internal
> discrimination (too much diversity and a social cast system) that
> stifles social mobility and entrepreneurship, and hence productivity.
> The amount of education, cultural adaptation, and infrastructure
> build-out that would be required to turn these "emerging" economies
> into rich nations would be in the hundreds of trillions of dollars.