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Title: Mexican Peso Crashes To Record Lows As Trump Odds Surge
Source:
Zero Hedge
URL Source: http://www.zerohedge.com/news/2016- ... s-record-lows-trump-odds-surge
Published: Sep 16, 2016
Author: Tyler Durden
Post Date: 2016-09-16 10:58:21 by HomerBohn
Keywords: None
Views: 450
Comments: 2
While correlation is not causation, it is certainly a wink and a nudge in this case. As Donald Trump's poll numbers soar so the Mexican Peso has been collapsing against the US dollar, and just broke to fresh record lows... After last year’s annus horribilis that saw the currency shed more than 14 per cent of its value against the dollar, the peso is down an additional 10.5 per cent so far this year – making it the world’s second worst performing major emerging market currency after the Argentine peso, report The FT's Pan Kwan Yuk and Jude Webber. Low oil prices have hobbled Mexican president Enrique Peña Nieto’s efforts to open up the country’s energy sector to private investments and forced the government to cut spending and growth forecasts. In addition Mr Peña Nieto has seen his approval ratings sunk to record lows amid anger over his handling of corruption scandals and perceived inability to maintain law and order in Latin America’s second most important economy. Meanwhile, uncertainty over the timing of the next US interest rate rise and Mr Trump’s recent recovery in the opinion polls against Hillary Clinton have further sapped enthusiasm for Mexican assets. Combined together, analysts say this mean it’s no longer a question of when the peso will breach the once unheard-of level of 20 to the dollar. It’s when. Poster Comment: FORD was the LAST one to move production to Mexico, yet they are getting a black eye in the press! It was ALL do to the New World Order NAFTA that Clinton signed into law, but that Bush created! When it was passed, BUSH gave a loud short speech, verbally praising the N.W.O. with his fist held high in the air! I'll never forget it! WE should have stopped them then, now TRUMP is truly our last hope at survival! Both Bushes were not what America needed at all, but what were we to do when the Democrat Party is still around? Did we want 'poison' or 'poison lite'? With Hillary it's the end of America. Obama's work will be finished by a short, fat little bobble headed nutcase.
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#1. To: HomerBohn (#0)
It seems the days of lazy, greedy, corrupt union thugs demanding $75/hour to pull the trigger on an air wrench are over.
Those days should never have started. Auto industries had chance after chance to rein in the out-of-control unions, but caved every time. Those managements are, in fact, responsible for the condition of today's union atmosphere that tries hard to bankrupt the economy of the nation!
Liberals are a lot like Slinkys, they're good for nothing but they bring a smile to your face as you shove them down the stairs.
FORD was the LAST one to move production to Mexico, yet they are getting a black eye in the press!
#2. To: Hank Rearden (#1)
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