Check out some of the graphs on BHP's latest presentation if you doubt Chinas growth story, post Oly's. Olympics have virtually no impact on total resource demand in China, but the largest mass migration from rural to urban lifestyle in the history of the planet does. India hasn't even started yet!
This volatility is all about capital (all types) flowing from (USA + some of the west, the old economies) to new economies championed by China and the other BRIC's, unfortunately its not going to be smooth sailing, politically, socially, economically or environmentally for a good while yet.
There is a paradigm shifting beneath our feet to be sure.
Its a bit scary really, I don't speak or read Mandarin or Cantonese, but I get by in Ameriglish!!! Am I a dinosaur?
GBG Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
