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
AMLO asks Mother Earth’s permission to build Maya Train project
Mexican president Andrés Manuel López Obrador.
Mexican model Vanessa Ponce de Leon wins Miss World 2018 beauty contest
A Mexican model and volunteer was.
Christmastime in Mexico is full of traditions
To say that Mexico is a.
Puerto Vallarta Wins 2018 Gay Cities ‘Fun in the Sun’ Award
Puerto Vallarta, Mexico – The warmth Puerto.
Battle between the US & Mexico over the US Dolphin Safe label comes to an end
More than a decade since Mexico.
Mexico will host international Solar Power Fair in 2019
Mexico will host one of the.
Fentanyl lab busted in Mexico City
The Attorney General’s Office (PGR) has.
Man faces 30 years in prison for stabbing his wife in Merida
Erick. G.L was arrested for the.
2018: the year the migration crisis swept the Americas and reached the doorstep of the U.S
Mexico City (AFP) – From the.
Photographs of dogs waiting for homeless owner outside hospital go viral
The scene took place in a.