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October 25, 2005
An education of what is happening in China, Tues., Oct. 25, 2005, 6:34 PM
This is one reader mail that I urge you to read and click through the link.
Dear Bill, Here is a NY Times clip that you and your readers may find interesting.
Several interesting points come out. In 1985, Shanghai had 1 skyscraper and today it has 4000. It has 1 billion square feet of office space under construction today, whereas NYC has 350 million square feet of office space in existence.
Obviously, the long-term secular approach to investing would suggest buying shares in companies that will sell what China needs and avoid shares in companies that will compete with China. It would therefore suggest that the commodities cycle may have downturns, but the secular cycle is still bullish.
Wishing you a wonderful day. /Tifosi"
Tifosi, I have to thank you profusely. This is precisely the kind of education and information I want my readers to have. Thanks again, and again for info you have sent me recently. /Bill
Posted by Posted by Bill Cara on October 25, 2005 06:35:28 PM | Category: China