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Tuesday, December 18, 2012 10:13:23 PM
Venezuela's per capita GDP is about $5500 which makes it a middle income country by World Bank criteria.....about where Mexico is....most Americans have been to Mexico...aside from some affluent areas in the big cities the vast majority of mexicans live very modestly....well you say...isn't Carlos Slim - the world's richest man - a mexican? Yes but that makes my point....Central and Latin America has the worst distribution of income in the world...a tiny fraction of people who live very well and everybody else living modestly....in Venezuela almost 16% of the population lives on less than two US dollars a day, the international standard of global poverty.....
Now ask yourself...with an average income of $5500 - yes a good proxy for Venezuela's middle class income -, yes there is the American middle class median income $47,000 and the middle class in developing countries...they are not the same.... and 16% of the population living on under $2 a day...how many people would want to buy a non essential item like EJ and at the price?
There are anecdotes...like some posters are posting, and broad macro facts.... FUSE is there because of this Gustavo character...EJ will have very poor sales....
Wow another fluff PR and everybody is euphoric.....
Please if you think EJ sales will be big in Venezuela and or LA go see your shrink and then come on a rocket ship ride with me....
DISASTER!!!!!
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