china assures demand for resources, page-16

spot on. The chinese economy with 80% internal investment driven growth (read infrastructure), and trillions in reserves will see this as the time to finish off the US for good.

They have a critical mass on the population side to say the obvious and with all of these moving to the cities, basic facilities will chew up resources for years to come. Current BHP price reflects a PE of 5 or so, so with a super cycle that will last 3-5 decades, then the PE today even if prices never increase again relative to inflation will be very very rewarding over the years to come.

Then India will pick up the batten!

Remember the industrialisation of Japan took 30 years, starting from a higher base and with a much smaller population.

India + China = 2.3 billion people. Takes a lot of steel and concrete to house such a mega number of people.

The US are finished as the world power, we are lucky to have resources on the doorstep of Asia.

Sheep will continue to sell. Resources & Energy are here to stay. Any 20 year olds out there, sell these when you are 70 for a nice retirement, lol