3 High Yield Ideas South of the Border

The drug wars in Mexico make great headlines, such as the news that drug cartel leader Ezequiel "Tony Tormenta" Cardenas was killed by the Mexican marines at the US/Mexico border yesterday. But what isn't being mentioned is that first, the drug violence is confined to only certain areas, and second, the Mexican economy is improving, with the peso rising to the highest level since April, and 850,000 new jobs have been created so far this year. One of the wealthiest people in the world is from Mexico, billionaire Carlos Slim, the chairman and CEO of Telefonos de Mexico (TMX) and América Móvil (AMX).Mexico has one of the fastest growing economies in the world, with a 7.6% GDP growth rate. The middle class has been growing, per capital income has been rising, and inflation has been dropping over the last several years. Mexico had a positive trade surplus of $55 billion last year, and interestingly, has become the 9th largest holder of US debt. Based on gross domestic product in purchasing power parity, Mexico is the 11th largest economy in the world.... Read more