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Lion statue in Chinese temple

Fast Food Nations

Photo of author, Will Carter, JD.
Will Carter, JD
Senior Advisor
This article about obesity and diabetes in China illuminates one factor driving stock market growth over the next decade or two – namely, that increasing household consumption in developing nations, much of it driven by the same underlying biological desires for more calories and comfort of middle class lifestyle that drove growth in western countries during the second half of the 20th century, will fuel rising corporate profits even if household consumption and wages are stagnant in the U.S., Europe, and Japan.
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