The current depreciation of over -30% YOY
of the Mexican peso (from 13.11 to 17.50 USD/MXN ttm) signals a more complex
peso devaluation that could bring significant societal changes disrupting its
status quo. This initial drop, of a potential series of additional declines, is
the first structural symptom of an impending severe crisis now accentuated by
global factors. The main risk this time is the potential change in the
direction of the country due to the severity of external & internal
variables not present during previous peso crashes. More… 
Tuesday, October 6, 2015
Mexico: The Next Venezuela ?
The current depreciation of over -30% YOY
of the Mexican peso (from 13.11 to 17.50 USD/MXN ttm) signals a more complex
peso devaluation that could bring significant societal changes disrupting its
status quo. This initial drop, of a potential series of additional declines, is
the first structural symptom of an impending severe crisis now accentuated by
global factors. The main risk this time is the potential change in the
direction of the country due to the severity of external & internal
variables not present during previous peso crashes. More… 
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