Tag Archives: Andres Manuel Lopez Obrador

Economic slowdown the talk of the town

Ten years ago we were crawling around in the smoldering wreckage of the 2008 financial crisis, hoping to survive the economic nuclear winter on grubs and bark.  Heaven knows there were some lean times there but somewhere along the way things must have turned around because in more recent years, to hear the media tell it, the North American economy had become Biggie Smalls, spending its days smoking blunts and drinking Cristal with chickenheads in a jacuzzi and it was all good.  Biggie’s long dead of course and the media are now auguring a similar fate for the NAFTA-zone economy, and much like back-to-school, we feel like we’re not ready for the heady summer of fun to end. Continue reading Economic slowdown the talk of the town

Mexican Senate ratifies USMCA

Mexico’s Senate voted June 19 to ratify the USMCA trade agreement, making Mexico the first of the three North American countries to reach this milestone.  The vote of 114 in favor to five against demonstrates the firm support for free trade on the part of Mexican President Andrés Manuel López Obrador (AMLO) and his Morena party, which holds more than twice as many Senate seats as the largest opposition party.  Interestingly, four of the five votes against the USMCA came from members of the president’s own party, further underscoring the broad support for the deal across the political spectrum.  With Canada seemingly moving ahead toward ratification, concern in Mexico appears to be focused on internal political struggles in the United States that could potentially derail ratification in the region’s largest economy.  Continue reading Mexican Senate ratifies USMCA

Willy nilly Morena rattling nerves and markets

The presidency of Andrés Manuel López Obrador (AMLO) is already starting to feel like a slog, and it hasn’t even begun yet.  López Obrador  was elected in July and is set to begin his six-year term on December 1, but it certainly feels like he’s president already and an embattled one at that.  Memory can be hazy but it seems to us that in prior transition years, the president-elect maintained a far lower profile during the five-month period between election and inauguration and took care not to overshadow the sitting president.  That may be because in the past the transitions were largely between PRI administrations, or between the PRI and the PAN, which aren’t much different anyway. Continue reading Willy nilly Morena rattling nerves and markets