Currency markets do not like socialists......

Yet another reason to like socialists......

The thing is, even Mexico's most conservative PAN party appears socialist to the USA's conservatives. All the Mexican political parties believe to some extent in socialist policies. Like hundreds of other local businesses I am extremely thankful to the federal government for the economic stimulus many local businesses received after the natural disaster 2013-2014 hit us all rather hard (Hurricanes Manuel-Ingrid and the Good Friday earthquake), causing damages that needed repairing and leaving many of us without sufficient operating expenses. Their stimulus plan was quite successful and jumpstarted our local economies as it was intended to do, injecting cash into our community just when we needed it, allowing folks to buy supplies, services and materials from local merchants. It put us back on our feet after storms and earthquakes had taken a heavy toll on us, and most importantly, it bypassed completely the state and municipal governments who always hold up any federal disaster relief funds, if not stealing them altogether, which is why 5 years after we got whacked with the double hurricanes Manuel-Ingrid there are still bridges, roads and homes not rebuilt because the state received the federal disaster relief money and simply disappeared it.

Currency markets do not like socialists......

Yet another reason to like socialists......

The peso is reeling right now from the completely invalid populist vote known as "LA CONSULTA POPULAR"[/i] on the location of a new airport for Mexico City, a campaign promise by the presidente-electo. So now is an excellent time to pay your deposits and lodging bills in advance and any other local services you can pay for in advance. Don't wait too long, because as soon as the presidente-electo reveals that the construction of the airport as already planned will go ahead the peso will quickly recover.

No that is NOT why the peso is having issues AND will continue to have issues.

Currency markets do not like socialists. I warned you about this before the election.

D

We'll just have to agree to disagree. Apparently others disagree with you throughout Mexico and the world from as far away as China.

Reacciona mal el peso con el resultado de la consulta - El Economista

Mexico's peso falls to 4-month low after vote to cancel new airport - Reuters

Peso mexicano se debilita tras resultado de consulta para decidir futuro de construcción de nuevo aeropuerto - Xinhua

Mexican peso slides after vote to scrap $13bn airport - Financial Times

"La Consulta Popular" apparently only managed to interest less than 1% of Mexicans - about a million voters, in a country of....what?....110 million? Not very popular.

The entire event was a hopelessly skewed farce from the git go, yet believers will believe what they want in spite of reality. The organizer of the consulta simply dismissed as irrelevant account by numerous reporters of election fraud. Even the presidente-electo said he believed the reports of fraud didn’t matter because he knew the people could be trusted to behave themselves. The guy is likable enough, but when he says stupid stuff like that I foresee a long and frustrating 6 years coming.

Y’all know Nicolas Maduro is coming to the presidential inauguration, right?

Funners!

The peso is reeling right now from the completely invalid populist vote known as "LA CONSULTA POPULAR"[/i] on the location of a new airport for Mexico City, a campaign promise by the presidente-electo. So now is an excellent time to pay your deposits and lodging bills in advance and any other local services you can pay for in advance. Don't wait too long, because as soon as the presidente-electo reveals that the construction of the airport as already planned will go ahead the peso will quickly recover.

No that is NOT why the peso is having issues AND will continue to have issues.

Currency markets do not like socialists. I warned you about this before the election.

D

The construction of the Escuela Primaria "Vicente Guerrero" is nearing completion. I thought some of you might enjoy this photo of its progress as well as a glimpse into local building techniques. The working conditions probably aren't up to OSHA specs, but it looks to us like the workers are doing a fine job.

This morning Lupita and I took a stroll in Ixtapa. What a difference their well-maintained gardens are from anything we have in Zihuatanejo.