QUESTION: Good afternoon Mr. Armstrong.
I’ve been a fundamental member for six years.
Since then I’ve been following your USD prediction and it’s on spot regardless of everybody saying the opposite.
Nevertheless, after seeing the EURO, Pound, Yen, and different currencies waterfall, why has the Mexican peso stored its worth? I can’t discover the logic.
May you please clarify?
Thanks for ALL you do.
BP
ANSWER: That is the Array from 2020. That was the best of the excessive for the greenback and that coincided with the top of the Trump Administration. The Biden Administration has been at battle with fossil fuels from the start, regardless of making an attempt responsible Putin.
This has benefited Mexico from a price perspective, however whereas claiming to be on board with this Nice Reset, they aren’t as gun-ho as Canada and the USA. Even polls in the beginning of 2022 within the USA have been telling. Rasmussen Studies nationwide phone and on-line survey concluded that 45% of American voters believed the very best precedence for companies was to supply particular person customers with high-quality services on the lowest costs. Solely 9% of voters categorized local weather change as the highest precedence for enterprise, and just one% mentioned that enterprise sources ought to pursue social justice as a high precedence. (To see survey query wording, click here.)
Our capital flows fashions have been pointing to super inflows to Mexico since they’ve had one of the best anti-COVID mandates so there are lots of Europeans leaving for South and Latin America and Mexico has been a major goal.
This pattern seems to be persevering with into 2024. As battle rises in Europe and the leaders appear intent upon sacrificing their individuals on the altar of local weather change, COVID, and Ukraine, the flight of individuals and capital will proceed.
