ASIAN MARKETS

There will always be competing views as no one can absolutely predict the future with certainty.

So for this reason if you are looking 10 to 20 years ahead there must be a small risk to the China, India etc story. But in my view only a small risk.

On balance of things I believe that it is highly likely that it will last for many years to come. Possibly for numerous decades.

The biggest risks to these Asian juggernauts are likely to be environmental. Pollution to air, rivers etc could if they can't control it slow the growth up.

But once these people get a taste of a better life they will not and would be reluctant to go back to their previous style of living.

As I heard Chip Goodyear say, once the jennie is out of the bottle it is going to be hard to get it back in. Over 2 billion people in the world industrialising at around the same time surely has never happened in history before basically because of the shear numbers involved.

Also the world has so many more products than ever before in history.

Plasma's, LCD TV's, mobile phones etc did not exist 50, 100 etc years ago.

So we are in unprecedented times relative to the past (which is the only thing we can try to compare to).

So while I acknowledge that there are some risks to this growth, if governments can manage these risks to some extent then good times should continue.

In this environment Australia will continue to dominate as we have an abundant supply of what these countries want and need.

What do others ppl think ?