Given the facts and events in the Mexican economy, the present paper is about using economic history and economic cycles theory to review, analyze and find out the behavior we had had between 1982 to 2018; the purpose is giving explanation thru some facts such as the lose decade, the petroleum economic crisis, the joining to NAFTA, the December’s mistake, the economic recovery by the end of the millennium, the mortgage economic crisis and finally the causes and symptoms for the economic recession by the end of 2018.