Asia is still cooking and posting very robust growth. China's second-quarter GDP came in at 10.1%, and even though that's a smidgen less than expectations, it’s still impressive double-digit growth. Meanwhile, India continues to grow at near 9% … Malaysia at 7.1% … Indonesia at 6.3% … and Thailand at almost 6%.
On another note, a new study just released by the Carnegie Endowment for International Peace forecasts that China’s economy is on track to surpass the U.S. by 2035, and that it will be spurred by domestic demand. This isn’t news to me. I’ve been reporting my front-line analysis from Asia and China since way back in 2004, and I told my Real Wealth Report subscribers then – and even now – that when it comes to China’s economic growth, you ain’t seen nothing yet!
Posted Wednesday, July 23, 2008 by
Larry Edelson
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Posted by: Steve on Wednesday, July 23, 2008
Larry, Big believer in your Real Wealth Reports. Oil is getting hit hard and commodities are dropping quick. Any words of wisdom. Has the bubble finally burst?? Trying to stay with the game plan you laid out but it is tough right now.
Posted by: Larry on Thursday, July 24, 2008
Thanks for the compliment on Real Wealth, Steve! Has the natural resource bubble burst? No way! The pullback was way overdue, healthy, and more bullish that bearish. Hang tough. You will be rewarded. Don’t let the markets shake you off the bull’s back.