RE:RE:Rosenberg: Now is a good time to add commodity exposure" as these two huge population countries rise in GDP and will start demanding air conditioners etc."
Need and demand will indeed soar however the ability of the average Indian to purchase AC is beyond the reach of most. Do we have data that tells us how long it would take to manufacture enough units. (If you’re interested in AC no better investment IMO can be made in the sector than AAON.)
Then again, the vulnerability of India, Bangladesh, and the southern portion of Pakistan to extreme flooding due to the monsoon transporting MORE water than ever before, will no doubt consume much of the national budget in flood relief, including support for displaced populations, road and rail infrastructure repair, etc. Millions of these people lack even electrical service, while their electrical infrastructure is primitive at best.
IMO any look or predictions based upon the continuation of current conditions will without a doubt result in a very risky and most likely badly erroneous conclusion.