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Politics : Idea Of The Day
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To: Judy who wrote (15167)11/30/1997 7:34:00 PM
From: thebeach  Read Replies (2) of 50167
 
To All Fellow Traders:

I ask these questions as an amateur and novice trader and traveler. I have just returned from Puerta Vallarta and yes I had a great time etc.. While I was there I stole a couple of looks at the Mexican papers and local people and was taken aback by the level of poverty in this vast country. I know I was in a very small part of Mexico but it seemed very rich with a people proud of their heritage and also very hard workers. My first question is how can a country so poor even have an outside chance at being part of NAFTA let alone being granted in?
Secondly, if Mexico is part of NAFTA they must have earned their way in and keeping this in mind, with money market rates around 14%,
why wouldn't investors needing a place to put their money if not in
US equities not put their money in Mexican Money Market at 14%?
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