Forbes.com observes that although Mexico’s July 1, 2018 presidential elections are still months away, the market is treating the probable outcome as a win for populist firebrand Andrés Manuel López Obrador, better known as AMLO.
The peso is erasing the gains it’s made since Trump was elected…after getting clobbered because Trump was elected. And now consensus is that the peso will weaken further. That’s because political risk is only a few months away from kicking into high gear.
Pretty much every emerging market fund manager believes Mexico’s institutions are strong and its central bank is predictable enough to forecast rates and forex, even under AMLO. Mexico’s Finance Ministry is a fairly straight-forward conservative institution.
AMLO could of course appoint a social welfare minded minister to the post, but the overall governing system is not expected to be changed too radically.
Mexicans largely say that AMLO will be AMLO and not another Hugo Chavez, the deceased socialist revolutionary of Venezuela (now a broken country); nor will he be like Luiz Inacio Lula da Silva, the ex-president of Brazil and labor union rabble-rouser who may yet go to prison for his involvement in the Petrobras bribery scandal.
So who will AMLO be, and what is at stake in Mexico when he finally reveals it?
more recommended stories
X’ocen: a rural community where Maya ancestral ceremonies still very much alive
X’ocen is a pre-Hispanic sanctuary, and.
Oil auctions in Mexico postponed until February
According to REUTERS, Mexican oil auctions.
Zapatista rebels reject meeting with López Obrador
Mexico’s leftist President-elect Andres Manuel Lopez.
Municipal crews work 24/7 to keep sargassum off the beach in Cancun
“The cleaning works carried out since.
Yucatecan enterpreneurs seek to strengthen local productivity with “Tech Day”
In order to strengthen partnerships, and.
Catalog highlights relevance of the flower in Mexican Culture
The flower, addressed as a substantive.
19th edition of the International Jazz Festival of Campeche features world-class artists
Campeche will present its International Jazz.
PEMEX pipeline on the Mérida-Progreso highway explodes as fuel was being illegaly extracted
According to unofficial reports, the explosion.
Measures against Influenza reinforced by Isstey authorities
Mérida, Yucatán, July 18, 2018.- In.
Oscar winning Guillermo Del Toro grants scholarships to three Mexican talents in animation
Filmmaker Guillermo del Toro, with the.