Originally posted by DavidE
Yeah I remember all THE SMART MONEY THAT HEADED to Mexico 1992 to 21 December 1994! Go back and read these articles. They are clones of the garbage
which is being printed today. The authors of this rubbish make MONEY on investments, or through advertisements. Solidaridad! Carlos Salinas de Gotari,
the economic miracle whiz bang technocrat of the 90's!
Sorry of some of you have short term memory issues that force you to go back to the first posting and see where you should have been. Mexico is
teetering on a financial precipice and it isn't going to take much for it to slip off. The real issue is antiquated industrial and workforce habits
and customs that make the country DIS-competitive with other regionally viable competitors. Nicaragua, and Panama are set to change their laws
regarding investments. Mexico's sole strength is it's proximity to the USA and investiture of auto manufacturing and machinery production. Few laws
regarding lead smelting and worker safety for Pb (that's lead) for battery manufacturing. When Nicaragua comes up with a workforce and government that
charges half the production price that Mexico does, the stampede is going to be heard all the way to Wall Street. Cuba said it is already poised to
offer gaming, entertainment shows, hotel rooms, and resort fees that will cost the consumer LESS THAN HALF of the fees now found in resort Mexico. 140
miles from Miami. Passenger boats, automobile ferries.
The roar you will here will be Mexico's wealthy sending dollars out of the country. Oops wait a minute, the pundits said that couldn't possibly happen
in 1994. Sorry! My bad! |