Mexico

In April 1989, Mexico's external debt negotiator, Angel Gurria, asked his country's commercial bank creditors for a 55 percent haircut. This was the opening pitch of the newly created Brady Plan, which finally addressed both the debt…

We are seeing divergent inflation paths in Brazil and Mexico, and today’s mid-April data underscored this point.

Mexico central bank Governor Carstens is sounding very dovish, noting that the economic recovery is not leading to price pressures.  He believes there is enough slack in the economy still to keep inflation near the 3% target. …

Here is a good 17-minute Bloomberg video with Marc Faber. He talks a lot about Mexico and he is bullish on that economy. As for the US, his view, like mine, is that printing money does give a temporary boost to economic activity. However,…

Mexico central bank kept rates steady at 4.5% today, as expected. However, it tilted a little more to the hawkish side and supports our view that tightening is likely to start in Q4 11 and not Q1 12 as market is pricing in. Central bank…

In January Steven Hansen observed that, through November, the trade deficit for manufactured goods in 2010 was the equivalent of 1.3 million workers earning the median manufacturing wage in the U.S.

by Michael Pettis In the debate about global trade imbalances, we often hear it said that because Americans produce nothing that China exports to the US, any move to restrict Chinese imports to the US would have no employment effect on…

Mexico is taking advantage of the investment climate and the near insatiable demand for emerging market credits.  The peso may also benefit from actions by other countries, from Brazil to South Korea taking actions to deter hot money…

When faced with a balance sheet recession and anaemic demand growth, Japan pushed short-term interest rates to zero and preceded to print money. This created the infamous Japanese carry trade in which Japanese investors would buy…

India:  Earlier today India lifted the cap on foreign ownership of government and corporate bonds.  This had been anticipated, but it runs counter to the rash of media reports suggesting that rise of beggar-thy-neighbor policies…