More sluggish economic growth combined with success in reducing inflation provides a potent mix for the authorities to cut rates.
We are starting to see a bottom in this economy,
With that expansion is coming quite a large demand for U.S. products. Given Latin America's comparative advantage and demand we could easily see Latin America become a much more important trading partner with the United States.
The bottom line is the consumer is showing signs of coming back. But the consumer has come back partly on the heels of massive sales.