belita: that is a good question.f you look at some longer-term trends that show increased productivity, and globalization, both of which are very powerful forces, that really keep inflation in check, those lasting so even if the cost of wages in china has gone up -- like many other countries, where l?s you can get cheap manipt((uu)ing costs -- while it is pretty clear there are pressures for inflation, the long-term pressures are still not clear. people can make the case that we are not likely to see some inflation for quite a long time. haidi: where does that leave your portfolio? are there areas where you do see persistent inflation with good investment opportunities? belita: not really. the one area you are seeing persistent inflation is where currencies are week. in asia, we have a lot of opportunities for good investments. in taiwan and korea, because of their importance in the technology supply chain, and india, where the long-term fundamentals are very strong. though in those countries, inflation does not seem