WILL THERE?, Is not there?,
WILL THERE?, Is not there? ...
By Juan Fernando Perdomo *
WILL THERE?, Is not there? ...
By Juan Fernando Perdomo *
On Monday September 22 Senator McCain, Republican candidate for president of the United States said at 9 am, the U.S. economy was sound and that there was progress in economic policies President Bush. Two hours later, precisely at the 11th week, McCain agreed that if there was economic crisis.
But not only are "political campaigning" play with the theme:
The Secretary of Finance of Mexico, at the end of the ceremony commemorating the 198 anniversary of Independence, said the financial crisis living in the United States will not impact negatively to Mexico.
said that Mexico has sound public finances. He said: "There is concern, we are well ... yes, and Mexico has a strong economy."
However, when brought before the federal deputies, a few days later, did not hesitate to describe what happened in the U.S. financial system as "the worst crisis in half a century, combined with an emerging recession in European countries. He added that "undoubtedly have an effect on the performance of the Mexican economy."
Well, we are like before we said, there would be no inflation, prices would not rise, there would be no inflation, and then ... came the "streak"! without further justification that had been very difficult situation and although it was impossible to not be able to stop the outcome.
With what elements are so strong that these responses are then modified? Do not know yet, but should be more accountable to the state, especially when you have such a high level in national politics.
In September of this year, we learned that the jobs lost in the United States, ranging from 150 to 200 thousand, with an unemployment rate above 6% after 2007 with more than one million two hundred thousand jobs created.
This past week, the main stock of NY had one of the 3 largest falls in units of the history of the neighboring country.
Senator Biden, Democratic candidate for vice president said that the U.S. has concerns about the medicine applied, it must be taken into account that, under American economic policy, investors - to whom these measures should also protect- be treated as investors and, above all else. there to support the owner who lost their assets but, above all, take care that "there are people making money with this rescue plan." It refers, of course, speculators and corrupt displayed in this "troubled waters" and that, as in the FOBAPROA, "pull water to their mill."
That's right: The United States has accepted a mega rescue in the worst recession in 25 years due to excessive credit and debt, according to Sarah Palin, Republican vice presidential candidate, is due to "predatory lenders that granted loans beyond the purchasing power of citizens. "
What we are is more important in Mexico is how far will it?
Well Many Mexicans now living illegally there will have to return to Mexico, unemployed and perhaps without enough money to sustain himself, but worse still, without employment options. The remittances sent to Mexico, to that effect are already falling and will do more in the coming weeks.
Mexicans could get there, pressure will live as Americans require government work for them in positions that would no longer, because they considered unworthy, but this crisis will take them away.
Americans will import and therefore reduce their consumption, trying to increase exports, which will affect the Mexican market of foreign trade, whose main market is the United States.
Economic growth will reduce their expectations and, although not anticipated local recession, if there will be difficulties in obtaining credit, interest rates will rise and thus inflation, regardless of our difficulties even with prices food.
The oil prices continue to fluctuate, and may be reduced further as states Together consume 25% of world oil, and will not need it before the recession, experts say, may reach 12 months.
So: What is seen is a black picture, according to the National COPARMEX and threw his first negative balance at the 20,000 jobs lost in our country because of the U.S. crisis.
is required austerity measures, planning, discipline, effectiveness and efficiency of Mexican companies and, simultaneously, of a government to take ad hoc measures, and we do not want to believe that all is well, when water and we are getting fed up and some ... are are drowning!
· Juan Fernando Perdomo is a graduate of Tec de Monterrey.
public servant, businessman and politician ( jperdomo@infosel.net.mx )
www.perdomo-blog.blogspot.com
