Resources: A Demand StoryResources: A Demand Story
Frank Holmes (October 14th, 2009) Writes:
This analysis from Dr. Marc Faber is adapted from our exclusive webcast Global Investing Outlook. Dr. Faber, based in Hong Kong, is a prominent international investor and a member of the influential Barronrsquo;s Roundtable. These are some of the thoughts he shared:
If you look at the next 10 to 20 years in the West, I donrsquo;t see how the lifestyle of the average person will improve meaningfully. On the other hand, if you look at a country like Vietnam, they have a GDP per capita annually of $800 which may go to $3,000 over the next 15-20 years.
The same is true for China and India. You suddenly have a middle class of 230 million people in India who will be buying cars like the $2,500 Nano (pictured) and other goods.
Once a family moves from the bicycle to the motorcycle, itrsquo;s an improvement in their standard of living. But when you ...
Tags for this Post:
China, Frank Holmes;, Frank Talk, India, Investing Lessons, little crude oil, Marc Faber, Natural Gas, steel production, USD, Vietnam
China, Frank Holmes;, Frank Talk, India, Investing Lessons, little crude oil, Marc Faber, Natural Gas, steel production, USD, Vietnam


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