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  1. #1

    Investors Bolt Mexico as Peso Enters Free Fall


    Investors Bolt Mexico as Peso Enters Free Fall
    Concerns about impact of Trump’s trade policies build

    Global investors are fleeing Mexico’s financial markets, sending the peso to record lows on mounting concerns that Donald Trump’s trade policy could end the country’s privileged status among developing countries.

    The peso on Wednesday tumbled to another all-time low against the dollar as Mr. Trump pledged to change U.S. trade policy with Mexico. “Mexico has taken advantage of the United States,” he said during his press conference. “It’s not going to happen anymore.”

    The Mexican currency weakened 0.3%—at 21.8609 from 21.8009 late Tuesday—again frustrating Mexican central-bank efforts to slow the currency’s decline. Bank officials said Tuesday that they spent $2 billion last week to prop up the peso, which has weakened 16% against the dollar since the U.S. election.

    The selloff underscores fears that the economic gains Mexico has made over the past two decades could reverse, as the incoming Trump administration takes a confrontational stance that could bring tariffs and border-control measures that once appeared unthinkable.
    http://www.wsj.com/articles/investor...all-1484130602
    And we have this
    Mexico says to seek broad negotiating strategy with Trump

    MEXICO CITY (Reuters) - Mexico's government said on Wednesday it would throw its relationship with the United States wide open when it sits down for talks with the incoming U.S. administration, putting security, migration and trade on the table in search of a deal.
    U.S. President-elect Donald Trump has threatened to tear up a trade agreement that underpins Mexico's economic model if he cannot renegotiate its terms in his favor, battering the peso currency and fuelling uncertainty over foreign investment.
    https://ca.news.yahoo.com/mexico-say...224622638.html
    what do you think? you think Mexico now is willing to negotiate about paying for the wall or do you think they will continue to be defiant?

    and many of you laughed when Trump said that "Mexico will pay for it"

    Trump just put himself and the country in the position of power when him and Mexico starts their negotiations and that is where you want to be to get the best deal for the country

  2. #2
    Merely a Setback Sunseeker's Avatar
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    If Mexico's money is worthless how will they pay for anything?
    If Mexico's economy is in the toilet how will they produce anything?
    If Mexico can't pay it's workers, who will build anything?
    About Capitalism, do you understand anything?
    Human progress isn't measured by industry. It's measured by the value you place on a life.

    Just, be kind.

  3. #3
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    Quote Originally Posted by smrund View Post
    If Mexico's money is worthless how will they pay for anything?
    If Mexico's economy is in the toilet how will they produce anything?
    If Mexico can't pay it's workers, who will build anything?
    About Capitalism, do you understand anything?
    Pretty much /thread.

  4. #4
    Quote Originally Posted by smrund View Post
    If Mexico's money is worthless how will they pay for anything?
    If Mexico's economy is in the toilet how will they produce anything?
    If Mexico can't pay it's workers, who will build anything?
    About Capitalism, do you understand anything?
    will Mexico continue to allow their money become worthless out of defiance?

  5. #5
    Um, are people not aware that Mexico is one of the US's biggest export markets? I know hating on Mexico is like the cool thing to do at the moment, but the US does need to export goods to make money.

  6. #6
    Merely a Setback Sunseeker's Avatar
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    Quote Originally Posted by Vyxn View Post
    will Mexico continue to allow their money become worthless out of defiance?
    Sure. They ought to. It's their country and they're under no obligation to do what any other person or country tells them to. It's this cool thing called sovereignty.
    Human progress isn't measured by industry. It's measured by the value you place on a life.

    Just, be kind.

  7. #7
    Quote Originally Posted by Wyrt View Post
    Um, are people not aware that Mexico is one of the US's biggest export markets? I know hating on Mexico is like the cool thing to do at the moment, but the US does need to export goods to make money.
    It isn't hating on Mexico it is telling Mexico time to start being fair you have had this sweet heart of a trade deal long enough from which you benefitted a hell of a lot more the US did lets make it an even playing field

    - - - Updated - - -

    Quote Originally Posted by smrund View Post
    Sure. They ought to. It's their country and they're under no obligation to do what any other person or country tells them to. It's this cool thing called sovereignty.
    yah it is their country they can let it go down the crapper lose their ass out of defiance cutting off their nose to spite their face

  8. #8
    Old God Captain N's Avatar
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    Quote Originally Posted by Vyxn View Post
    It isn't hating on Mexico it is telling Mexico time to start being fair you have had this sweet heart of a trade deal long enough from which you benefitted a hell of a lot more the US did lets make it an even playing field
    So basically you're saying the United States should strong arm Mexico into compliance due to a trade deal?

    How very authoritarian of you.

  9. #9
    Quote Originally Posted by Vyxn View Post
    It isn't hating on Mexico it is telling Mexico time to start being fair you have had this sweet heart of a trade deal long enough from which you benefitted a hell of a lot more the US did lets make it an even playing field
    Trying to extort another country into paying for something is not fair. I don't know what world you live in where extortion is fair.

  10. #10
    Merely a Setback Sunseeker's Avatar
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    Quote Originally Posted by Vyxn View Post
    yah it is their country they can let it go down the crapper lose their ass out of defiance cutting off their nose to spite their face
    Pot, kettle.
    Human progress isn't measured by industry. It's measured by the value you place on a life.

    Just, be kind.

  11. #11
    Quote Originally Posted by Captain N View Post
    So basically you're saying the United States should strong arm Mexico into compliance due to a trade deal?

    How very authoritarian of you.
    expected from the everyone gets a trophy generation where you been taught competition = bad, winning = bad
    It is a competitive world out there and you are a fool if you don't use all the tools you have to be competitive and play to win

  12. #12
    Void Lord Elegiac's Avatar
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    Quote Originally Posted by Vyxn View Post
    expected from the everyone gets a trophy generation where you been taught competition = bad, winning = bad
    It is a competitive world out there and you are a fool if you don't use all the tools you have to be competitive and play to win
    Which is why you lot are so desperate to artificially preserve uncompetitive American industry, right?

  13. #13
    Quote Originally Posted by Wyrt View Post
    Trying to extort another country into paying for something is not fair. I don't know what world you live in where extortion is fair.
    who in the hell told you life is fair lied to you
    what is unfair is a country that pays it workers one quarter of we do and has fraction of the regulations and expect us to be competitive

  14. #14
    Old God Captain N's Avatar
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    Quote Originally Posted by Vyxn View Post
    expected from the everyone gets a trophy generation where you been taught competition = bad, winning = bad
    It is a competitive world out there and you are a fool if you don't use all the tools you have to be competitive and play to win
    There is nothing about being competitive in this idea you're pushing -- It's extortion.

    Considering your very source says Trump won't deal with anything that isn't beneficial to himself I could more so seeing Mexico deciding to negotiate with China over the US.

    Attempting to strong arm Mexico in the way you're suggesting can have serious blow-back on how other countries react to the US in negotiations in trade.

  15. #15
    Quote Originally Posted by Vyxn View Post
    who in the hell told you life is fair lied to you
    Are you fucking serious? You can't even keep track of your own fucking posts? I literally quoted your fucking post.

  16. #16
    good, now lets hope we can start getting rid of illegals asap as well.

  17. #17
    Moderator Crissi's Avatar
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    Nice to see how much you hate the Texas economy, what with border towns relying on legal foot tragic from Mexico and many businesses on I 35 relying on NAFTA traffic

  18. #18
    Quote Originally Posted by Didactic View Post
    Which is why you lot are so desperate to artificially preserve uncompetitive American industry, right?
    it is uncompetitive because we aren't playing on an even playing field
    It is like building a football field on the side of a hill and team USA plays up hill the whole game

  19. #19
    Quote Originally Posted by Vyxn View Post
    who in the hell told you life is fair lied to you
    what is unfair is a country that pays it workers one quarter of we do and has fraction of the regulations and expect us to be competitive
    Are you under the delusion that the US is not competitive with Mexico? lmao

    You are clueless.

  20. #20
    Quote Originally Posted by Crissi View Post
    Nice to see how much you hate the Texas economy, what with border towns relying on legal foot tragic from Mexico and many businesses on I 35 relying on NAFTA traffic
    Mexico is also California's biggest export market, but I figure the OP already hates California so won't care.

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