Pesos pesos everywhere and not a taco to eat. For illegals streaming into America, their buying power has dropped considerably since Trump. The specter of a beautiful wall has left the peso in shambles, reversing Mexico’s path back to the banana republic norm of fucked up currency status in a gigantic mess of a government.
Although today’s biggest loser is silver, off by more than 6%, Mexico is a close second, with pesos hammered by 3.3%. When will the dollar party end? Will Wall Street finally begin to realize that SHARPLY higher yields is actually a really bad thing for an economy saddled with $20t in debt?
We will find out soon.
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A lower Peso would make it much more profitable to come to the USA to make money and send it back to Mexico no?
Trump has stated that he plans on instituting a tax on such transactions to pay for the Wall if necessary.
RUT divergent. wont last but it does tell you that trump is pro small business after the swamp is drained.