Let China’s Middle Class Lead You Into Luxury
Investment U (October 28th, 2009) Writes:
Let China’s Middle Class Lead You Into Luxury
Tony Daltorio, Investment U Research
According to the World Bank, the global middle class could grow to 1.15 billion in 2030 – a huge jump from the 430 million middle class folks in 2000.
Driving the extraordinary growth is… you guessed it, the emerging “BRIC” nations. In 2000, developing countries like China, Brazil and India accounted for 56% of that number. But by 2030, analysts expect it to climb as high as 93%… with China alone accounting for 52% of the expected increase.
This represents a tremendous amount of wealth. A Coca-Cola (NYSE: KO) executive compared it to adding a city the size of New York to the world… every three months.
Needless to say, that opens up amazing opportunities. But in order to succeed, companies who want to profit from this
...Asia, Brazil, Chengdu, China, Claymore/Robb Report Global Luxury Index, Coca Cola, Contrarian Perspectives, designer, Detroit, Executive, financial media, India, International Bank for Reconstruction and Development, Investing Lessons, InvestmentU, Japan, Luxottica, L’Oreal, McKinsey;, New York, Pao Principle, shanghai, tailor-made products, USD, wall street, Wenzhou


![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)








Some have predicted a “Zombie Summer” which might be right as investors await proof that a real economic recovery is in the offing. But, just when you thought they might break this camp job they’ve been working on we got the obligatory “stick save” into the close.
Evidently job losses were “worse than expected” and some noted bulls thought the market was expensive which is pretty funny since most of the financial media still report PEs incorrectly. Bloomberg, which should know better, has PEs at 15 for the S&P 500 by using operating earnings which omits unusual items (losses and writedowns?) making stocks look cheaper than they are if just using GAAP trailing earnings. The latter would put PEs at astronomical levels greater than 30. So as things go it’s however TPTB want ... 

