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ISSUES....
Inside, confidential and off the record


Disaster for Mexico!

 



The candidate of the Morena alliance, Encuentro Social and the Labor Party is a clearer favorite in the run-up to the presidential elections on July 1. The average number of polls increases the advantage of Andrés Manuel López Obrador, of Morena which is placed first with around 43% of the votes, followed by Ricardo Anaya (28%) and José Antonio Meade (22%) . The candidate of the Morena alliance, Encuentro Social and the Labor Party is a clearer favorite in the run-up to the presidential elections on July 1. (El Pais).

 

As for the Mexican Peso, it has fallen very sharply these past two days following the polls recently released indicating that unless something truly shocking happens between now and July 1st when the Presidential election there shall be held that Mr. Andres Manuel Lopez Obrador shall almost certainly become that nation’s next President. That will be a disaster for Mexico. AMLO… as he is almost universally referredto… will nationalize as many industries as he is able; he will turn back the movement in PEMEX toward privatization toward even more strident nationalization; he will end Mexico’s participation in the NAFTA or will demand huge changes that will be untenable.

AMLO will align Mexico with Venezuela and its lunatic President, Mr. Maduro, and will seek to dis-align Mexico from the US and Canada. The public, however, has embraced AMLO and because the Mexican Presidency can be won with a mere plurality of the votes cast… given the most recent polls… AMLO is a “shoe-in” to be elected.

What a disaster for Mexico!

Dennis Gartman / The Gartman Letter / April 20, 2018


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ISSUES.... 04/ 24/ 2018 - Send Us Your Issues

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