Wednesday, January 5, 2011
The future’s bright.
HSBC sees China and America leading global mega-boom
"The greatest global boom of all time has barely begun. Over the next forty years, economic growth will quicken yet further as the rising powers of Asia, the Middle East, and Latin America reach their full stride."
Posted by shipbuilder @ 04:54 PM (2088 views)
13 thoughts on “The future’s bright.”
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general congreve says:
Thank God for that, was worried for a minute. Thank you HSBC for this encouraging report, glad to know all is well and that you predict peak oil, peak food and the destruction of planetary resources is nothing to worry about and will all be solved in some as yet, unspecified way.
jack c says:
I wish they had started rather than ended the article with this line – “HSBC admits that its economic projections are based on a “rather rosy scenario”.
Crunchy says:
The only thing that has reached it’s peak in this world is the BS.
I am sick and tired of seeing the results and aftermath of mega booms. Thank God I will not be around to witness the power crazed
destroyers busy doing Satan’s work in the name of God and Obama.
Crunchy says:
Satan is let loose from his prison after the Thousand Years are expired. He goes forth one last time to deceive the nations. There is one final rebellion as the people of the world encircle the camp of the saints and the city of Jerusalem. Satan is cast into the lake of fire, where he will be for time without end. Fire comes down from heaven and destroys those that have rebelled.
A new heaven and a new earth come forth. Now that’s what I call a mega boom. Yes, the future certainly is bright.
alan says:
Nice article which should have ended “…and everyone lived happily ever after….” 🙂
By the way, has anyone read Taleb’s “Black Swan” ?
When I was still at school some clever forecasters said we would all be working a 20 hour week before I reached 40. Robotic machines would do everything. Wrong!
Uncle Albert says:
“economic projections are based on a rather rosy scenario” ??? Based on an over indulgence in strong drink and powerful drugs more like and probably just as accurate as the met office prediction for a mild winter this year. Here’s my prediction for 40 years time-
US sunk in peak oil, fascist government, starvation and racial civil war. The EU much the same. China collapsed into massive unrest, starvation and environmental disaster. The human population falling far faster and longer than even the Black Death period, mass extinctions in animal and plants as the earth’s surface is stripped by the desperate remainder of civilised man. Not quite as rosy an outlook as HSBC, but they didn’t foresee the economic crash and lot’s of people on this site did -me included.
drewster says:
It’s a prediction for 2050, not 2011. Not much to read into it really.
Note the sarcastic line about Britain: “although sceptics might question whether a birthrate inflated by the EU’s highest share of unmarried teenager mothers is a good foundation for prosperity”. Indeed. Would you rather live in a chav-infested country or an old-fogey infested country?
robh says:
‘Ambrose Evans-Pritchard: analysis’
What on earth has he been analysing to publish this? Can I have some?
The readers seem to have their own view thankfully! Is this the future? A public failing to be bamboozled by a press producing more and more ‘tractor production record’ type stories?
Robh says:
@ alan
The Windows operating system and Office products have managed to keep the almost full ’employment’ of re doing everything endlessly and ‘updating in circles’
The latest in my employment is constant emails to IT to have them un block things I require to do my job. My job not being 100% MS software based…
Crunchy says:
If you want to know the future and were fortunate enough to live through the sixties, compare then to now and add some.
“Those who make peaceful revolution impossible, make violent revolution inevitable.â€
– John Fitzgerald Kennedy.
icarus says:
If the world economy is f****d for the next few years let’s make a 40-year forecast that’s non-testable. It works the same backward – if you can’t say that real house prices are above their 2005 level let’s just say they’re above their 2000/1998/1995 levels.
fallingbuzzard says:
If they change the 2050 to 2025 I think they’ll be right. Strengthening of the yuan alone will make a massive difference
Crunchy says:
The Yuan will not be around by then. There are other plans ahead, just another aspect of the destroy recreate process.
Know the agenda.