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From: miller@loral.UUCP (David P. Miller)
Newsgroups: net.invest
Subject: Re: Mexico Fund (disadvantages of closed end funds)
Message-ID: <1052@loral.UUCP>
Date: Sat, 22-Feb-86 17:29:50 EST
Article-I.D.: loral.1052
Posted: Sat Feb 22 17:29:50 1986
Date-Received: Wed, 26-Feb-86 04:20:15 EST
References: <285@hropus.UUCP> <9242@ucla-cs.ARPA>
Reply-To: miller@loral.UUCP (David P. Miller)
Organization: Loral Instrumentation, San Diego
Lines: 21

I second Eduardo's view on the future prospect for Mexico. I would also like to
add that the only chance that Mexico has for minimizing economic damage, both
present and future, is for its foreign lenders to extend the repayment schedules
for at least 5 years longer, making it possible for the country to sustain a 
15% to 25% of GNP debt burden. A figure like that one would allow Mexico to
create more internal savings and investments needed to achieve real growth,which
in turn, is badly needed to amortize the debt burden.
I would also like to add; don't expect Mexico to cooperate with the USA in drug
erradication. If anything, the supply should increase further in order to make
up for the shortage of financial capital in the other sectors fo the economy.

				     
					    BIG DAVE.


-- 

David P. Miller - Loral Instrumentation.           /    USUAL   \  
sdcsvax!sdcc3!loral!miller                         \ DISCLAIMER / 
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"Sticks and stones may hurt my bones but words ......................."