Salient to Investors: An estimated nearly one out of two tomatoes eaten in the US comes from Mexico. Florida is the US’’s largest producer, followed by California. The risk of hurricanes in Florida makes it harder for growers there to set up greenhouse cultivation. Gary Clyde Hufbauer at the Peterson Institute
READ MORE... →Salient to Investors: PIMCO’s Bill Gross said a debt trap remains even after the European agreement, continues to avoid the debt of nations including Spain and Portugal in favor of U.S. Treasuries and mortgage securities. Gross said both the peripherals and the core union nations have too much debt, whose marginal cost
READ MORE... →Salient to Investors: Mexico last month passed China to become the US’s second-largest trade partner after Canada. Mexico is Texas’ No. 1 trade partner, and the ports of Laredo, El Paso and Houston rank among Mexico’s top five trading partners. One-third of the content of Mexico’s exports are made in the
READ MORE... →Salient to Investors: Mexican wages after inflation have risen at an annual pace of 0.4 percent since 2005, lower than Brazil, Colombia and Uruguay. A third of Mexicans work in the informal economy without steady income. Cheap labor has helped Mexico pass China as a low-cost supplier of manufacturing goods to the U.S.,
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