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from Lonier Financial Advisory LLC, Osprey, FL

The Emerging Middle Class

The Emerging Middle Class

This slide from a Calamos webinar today on Emerging Markets highlights the major economic driver of the rising Asian middle class ex-Japan. The graphic shows the Asian middle class slice of global middle class consumption growing over the next 35 years from about 20% (10% Japan + 10% other Asia)  to close to 70%, with Japan less than 5% of that.

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The great American economic engine of the second half of the 20th Century is largely displaced—apropos of the current socio-political discussion going on around Charles Murray’s Coming Apart and Walter Russell Mead’s critique that points to the global economic transition/dislocation as the underlying driver that is disrupting the post-war social model of American life.

Best question of the seminar was when will we stop calling them ‘emerging markets’ and just start calling them ‘global growth companies?’

 

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