Welcome the big scene
Desperate to find the macro and shake off the micro, desperate to see global and dismiss with disdain our small Island’s woeful leadership and weak opposition, I homed in on some statistics trotted out by Alan Steel, chairman of Alan Steel Asset Management in a piece in Saturday’s Daily Telegraph. I know not whether they are truly factual, but I hope so. And hope is at the zenith of my economic horizon as we successfully survive Hallowe’en.
“First, there are three billion people in the developing world who want to be better off; 180,000 people a day in these countries are moving from the country to the city, increasing their income and prospects. This will continue for at least the next 20 years. Growth in India, China and Latin America has accelerated. It’s expected imports to (he means their exports to) China will dramatically rise shortly, benefiting commodity funds. The second reason is Generation Y in the US. This is a generation 20% bigger than the post-war Baby Boom generation. It’s estimated they’re four times wealthier than baby boomers in real terms. And progress and new opportunities will come out of left field.”
Alan Steel’s context is British investors. Mine is the big scene and time enough to find better economic leaders in our little bit of that big scene.
Read My Book Derbyshire Born (How Life In Middle England Changed After The War)
No comments:
Post a Comment