I saw an interesting story on Bloomberg this evening…
Thor Equities CEO Joseph Sitt is calling Mexico “The New Brazil”, citing strong GDP gains, natural resources, a rising middle class and strong ties with the now recovering U.S. market as excellent reasons to invest in Mexico.
Sitt says rumors of drug violence in Mexico have kept a lot of businesses from investing in Mexico for several years… making Mexico a “cheap” buy right now.
Here is Boomberg’s Video:
Have a look and let me know what you think!