The rest of the world has passed us by. GM now looks to China for their survival. The BRIC nations are better positioned to produce real goods than the US, Europe, or Japan. Whatever advantage we had is gone.
We became complacent, and expectant. Said differently; fat, dumb and happy. China and India look like Japan and Korea in the 70's/80's, only stronger with more people who want the life we have/had.
You want to rebuild your retirement portfolio? Increasingly that includes significant weighting of ones investments in the BRIC nations.
It is sad......
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