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Woooosh
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the peso at 13.41 today is certainly not a signal of strength.
\"The only thing necessary for the triumph of evil is for good men to do nothing\"
1961- JFK to Canadian parliament (Edmund Burke)
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CortezBlue
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| Quote: | Originally posted by DENNIS
| Quote: | Originally posted by CortezBlue
GDP growth in Mexico in 2010 is over double what the USA did in 2010 according to Global Statistics.
USA -2.5% Growth 2008
USA 2.2 - 2.5% Growth 2010
Mexico -6.0% Growth 2008
Mexico 5.3 - 5.6% Growth 2010
Mexico had a deeper recession than we did, but were able to get out of it faster due to the lack of the mortgage crisis. In fact Mexico had the
hardest hit economy of all Latin American countries. |
And you will accept figures from a country that won't count their destitute, illegal migrants as part of their unemployed? |
It is hard to have a battle of wits with an unarmed army.
Why don't you do your own research and figure it out, or is it easier to sit on your duff and answer questions with weak statements?
I don't really care if you think these numbers are fact or not but have a little self respect and at least try to come back with something of
substance or informative.
[Edited on 9-22-2011 by CortezBlue]
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CortezBlue
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| Quote: | Originally posted by Woooosh
the peso at 13.41 today is certainly not a signal of strength. |
I guess it is all relative.
I remember not to long ago it was 14 to 1 so is 13 to 1 better. Maybe?
Now go compare the US$ to the Canadian dollar. The dollar is down in value as well.
However the facts are the Mexico's GDP growth has been better than the USA's in the past 12 to 18 months is what I stated.
[Edited on 9-21-2011 by CortezBlue]
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wilderone
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Apples and Oranges
Percentages are there, but based on what, and what value to economic growth and stability within each country?
Largest factors affecting Mexican GDP are based on service sector, transportation, postal services, warehousing, mass media, scientific/technologic
services, finance/insurance, manufacturing, utilities, agriculture, forestry, fishing.
The most significant factors affecting USA GDP don't parallel the same parameters, but based on fixed residential and non-residential investment,
exports, imports (which reduces GDP), personal consumption, FEDERAL GOVT SPENDING, computer and motor vehicle output, taxes on coporate income,
profits of financial corporations.
If you were to compare them side by side - say 100 categories - would be truer reflection of trend driving the country's economic health and
stability, rather than a bottom-line percentage. What's more important is analyzing each country against the same data, quarter by quarter. What I
read into the above data is that the USA is on shaky ground. And Mexico seems to be making strides expected of a country with great regions still
trying to catch up to modern technology.
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CortezBlue
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Actually a comparison of what the products that are being sold has nothing to do with it. GDP is calculated from the total output of goods and
services.
That would be weighed via market segments using SIC codes.
However, just as we, the USA, have different market segments GDP is calculated by all market segments combined.
PS you forgot the 2nd largest segment, behind tourism, petroleum and let's not forget precious metals.
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wessongroup
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Mood: Suicide Hot line ... please hold
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Good post wilderone...
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CortezBlue
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To simplify this
Mexico had a much deeper recession or loss of GDP for 2 or more quarters, than did the USA however, their GDP has climbed faster and greater than that
of the USA in the past several months.
[Edited on 9-23-2011 by CortezBlue]
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