cold iron Loc: White House

Investors are running away from Mexican stocks as l*****t pulls ahead in the polls.

• Mexico's benchmark stock index, the S&P/BMV IPC, plummeted 7.6 percent in May, marking its biggest one-month decline since February 2009.
• The move lower in Mexican stocks comes as Lopez Obrador, better known as AMLO, extended his lead over his opponents last month.
• "There was an expectation that he would win, but that he would have a check from other parties in congress," notes an analyst from UBS.
• "If he wins by a landslide, it is a given that his party, Morena, will get significant participation in congress. It's not clear that they will get the 51 percent majority, but it's certainly possible," he says.

The chances of a landslide victory for Mexico's far-left p**********l candidate, Andres Manuel Lopez Obrador, are growing and that is scaring investors.
Mexico's benchmark stock index, the S&P/BMV IPC, plummeted 7.6 percent in May, marking its biggest one-month decline since February 2009. The iShares MSCI Mexico exchange-traded fund (EWW) — which tracks Mexican stocks — plunged 13.4 percent last month, its largest monthly loss since September 2011.

The move lower in Mexican stocks comes as Lopez Obrador, better known as AMLO, extended his lead over his opponents last month.
A poll conducted by Mexican daily Reforma between May 24 and May 27 showed 52 percent of v**ers would choose AMLO to become the country's next president, up from 48 percent in late April. Parametria, a polling agency based in Mexico City, found AMLO's preference among v**ers grew to 45 percent in late May from 38 percent earlier in the month.
People are realizing that AMLO might not just win the July 1 contest, but win by a landslide, said Jorge Mariscal, emerging markets chief investment officer at UBS Wealth Management. "There was an expectation that he would win, but that he would have a check from other parties in congress."

"If he wins by a landslide, it is a given that his party, Morena, will get significant participation in congress. It's not clear that they will get the 51 percent majority, but it's certainly possible," Mariscal said. He added that a congressional majority for AMLO's Morena party would allow him to change the constitution and implement some
Some of AMLO's proposals include giving free access to telecommunication services like the internet and doubling the pension for the elderly. He also said in his platform that salaries "will rise as a principle of justice and to promote domestic consumption and markets."

AMLO's rise to the top of the polls and the fall in Mexican equities come as Mexico continues negotiations with Canada and the United States on a new trade deal. President Donald Trump has railed against the current deal, NAFTA, calling it the worst ever.

Trade tensions between the three countries rose this week after the Trump administration said it would implement tariffs on steel and aluminum imports from Canada and Mexico. Both Canada and Mexico said they would retaliate against the tariffs, stoking more fears of a potential trade war between the U.S. and key partners

Once I believed only uneducated people would v**e for c****e/socialist but that idea went away after we v**ed for Obama twice.

JFlorio Loc: Seminole Florida

Gee. This worked out so well for Venezuela. We’ll end up with even more poor i******s.

karpenter Loc: Headin' Fer Da Hills !!

Have You Checked Out What Has Been Going On Just South Of Our Border For The Last Ten Years ??
We Used To Hear Quips From Time To Time About The Gun Scheme From The Last Two Administrations

Here's A Couple Of Things:

ElNarco
https://elblogdelnarco.com/

Hell Across The Border:
https://www.youtube.com/watch?v=OhCYToFJcCw&feature=youtu.be

The Realities Of Mexico In These Two Sources Are Too Graphic To Post At OPP
You'll Have To Stomach It On Your Own Time

Meanwhile,
The Mexican Peso (Their 'Dollar') Is Worth About 5 US Cents