All Roads Lead To Mexico

As we continue to watch the trends every indicator looks like Mexico is going to be one of the leading economies in this coming decade.

  

If you are a believer in “FOLLOWING THE MONEY” then it looks like the “Money” is headed to Mexico.

Take a look at  our top articles  of the week that discuss some challenges as well as the successes that Mexico is having.

Misreading Mexico

Here’s some trivia. Which of these countries has the highest average income: India, China, Brazil or Mexico? If you guessed Brazil, you’d be wrong. And if you guessed India or China, you’d be way off: even if you combine the incomes of the average Indian and Chinese you wouldn’t reach the $15,000 annual purchasing power of the average Mexican...

Trade surging as Mexico consumers embrace “Made in USA”

Amid worries about the U.S. middle class, Mexico's appetite for U.S. imports indicates a thriving middle class there. When the governor of Colorado came to Mexico on a trade mission earlier this year to see the sights, "one of the most amazing" was a Costco.

"It was as big, clean and modern as any in America," recalled John Hickenlooper, a Democrat, who found the aisles filled with shoppers bearing "nothing but positive feelings toward the United States."...

Mexico Ex-President Urges US to Expand Partnership

Former Mexican President Vicente Fox says the U.S. should expand its partnership with Mexico to promote business — or face being left behind by China's emergence as the world's superpower.

Fox spoke Thursday morning at a news conference in Peoria, Ariz., saying China's economy is forecast to emerge as the world's largest in a decade or so...

Online Poker Players are Moving to Rosarito and Helping to Boost the Economy

You may not notice any of the celebrities who have been making Rosarito Beach their new home, mostly during this last year. Rough estimates suggest they are pumping in a minimum of $75,000 each month to the economy. This is from their monthly rent, groceries, gas, utilities, and so forth. Since online poker was banned in the United States on April 15, 2011, a number of these professional players, who play online as their full-time employment, needed to find a location to move to that they could call their “new home.”They had several choices where they could locate. Some went to Canada, while others moved to Thailand...

Banco Santander's Huge Mexican IPO: Why It's a 'Smart Move' During Troubled Times

Last week, Spanish bank Banco Santander announced plans to use the recent strong financial performance of its Mexican unit as leverage to raise $4.3 billion in a stock offering -- the largest ever in Mexico's history. Part of a longer-term expansion plan in Latin America, the move is also designed to signal to financial markets that the bank has high growth potential outside of its troubled home markets in Spain and the eurozone...

US halts Mexico flights for migrants

The U.S. government has halted flights home for Mexicans caught entering the country illegally in the deadly summer heat of Arizona's deserts, a money-saving move that follows a seven-year experiment that cost taxpayers nearly $100 million.

More than 125,000 passengers were flown deep into Mexico for free since 2004 in an effort that initially met with skepticism from Mexican government officials and migrants, but was gradually embraced as a way to help people back on their feet and save lives.

Some Welch Allyn accounting jobs will move to Mexico

As Welch Allyn reorganizes, one of its many moves will be to consolidate its back office accounting from its Skaneateles Falls world headquarters to a new financial service center in Mexico. The move will affect less than a dozen of the 45 job cuts announced by the company, Welch Allyn Vice President Matt Chadderdon said today...

From all of us at Baja123.com we would like to thank you for taking the time to read this weeks newsletter.