Mexico-US Wall Sabotages Both Economies

Evolving US policy toward Mexico is a curious sideshow of the new political elite. One reason is that the rambling, sky-high fences that separate the two countries work as well as any brick-and-mortar barrier. The wall concept will likely be kicked down the road for years, although there may be a gratuitous section built to validate campaign rhetoric. Budget constraints subvert the idea. A remittance tax on Mexicans alone is federal discrimination. Reshaping the trade framework will take years; Mexico City and Ottawa will stall the process. The danger is that Mexico collapses into recession. At the same time, US industry is upended from failed supply and assembly arrangements. Those networks have been carefully engineered since the current trade regime took effect in 1994. Economic reality will check political bluster.

Learn more at the Los Angeles Times

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Image shows border fence near San Diego. Credit: Ivan_Sabo at Can Stock Photo Inc.

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Bourse Performance

We spotlight the best-performing stock exchanges across emerging markets worldwide.

Top Five
Year-to-Date Through 30 August 2019

Egypt32.6 %
Greece21.9 %
Russia19.5 %
Colombia12.2 %
Thailand9.1 %

Data is shown on a price-return basis in US dollar terms for the broad market index. In this context, we do not report on narrow segments such as China A shares or Russia ADRs. This list excludes performance information on smaller, so-called frontier markets.

Source: MSCI.