Now this is something you don’t see every day. Latin America’s economy is on a tear and, surprise, it’s not all fueled by drugs and bootleg DVDs! I’m sure that much of the success was due to the region’s luck in dodging the pyramid scheme that was the mortgage market in the US (not due to any wisdom or foreword thinking – mortgages of any stripe – much less sub-prime ones – are just not common here). In any event, let’s celebrate before wheels fall off (again)!
After a sharp contraction last year, Mexico’s economy grew 4.3 percent in the first quarter and may reach 5 percent this year, the Mexican government has said, possibly outpacing the economy in the United States.


#1 by Flat Dog on July 1st, 2010 - 12:13 pm
So you’re saying it’s OK to celebrate then?