alan kohler says biggest correction since 1987, page-26

Bonzaboy,

China are behind on their domestic development. They have been stretched by global demand and have not caught up with infrastructure.

India are the same but have a bit to catch up on the Chinese.

The world already owes them an absolute truck load of cash, so whilst some parts of the world take a rest, they can afford to do a little renovation.

Have you seen how much steel goes into building a city the size of Sydney. 6 City's a year the size of Sydney for the next 15 years in China alone.

I will believe it is all over when RIO and BHP announce a drop in demand for resources over the prior year. Instead they are announcing production increases. How can Iron Ore producers predict a 70% increase in the sale price of Iron Ore if the demand is going to drop off.

75% of Global growth last year was attributable to Developing Nations. That figure is growing each year at a rapid rate.

PS,
What could China do with the $1.7trillion dollars the USA owe them. I have a tip for them. Buy all those houses for sale. Problem solved!