By THÉRÈSE MARGOLIS Mexican President Andrés Manuel López Obrador (AMLO) got a double-whammy blow to his economic policies over the weekend when former Central Bank of Mexico (Banxico) Governor Agustín Carstens (a champion of what AMLO despairingly calls neoliberal economics) was presented the King of Spain Economics Award as “one of the most important and influential economic policy makers in
Read more
By THÉRÈSE MARGOLIS Former Central Bank of Mexico (Banxico) Governor and current General Manager of the Bank for International Settlements (BIS) Agustín Carstens said Tuesday, April 5, that, like it or not, inflation is here to stay, at least for the foreseeable future. Speaking before the International Center for Monetary and Banking Studies in Geneva, Switzerland, Carstens, who served as
Read more
By RICARDO CASTILLO The word “recession” currently seems to be striking terror in the heart of most Mexicans. And given the humongous volume of antagonism President Andrés López Obrador (AMLO) is confronting, the word is even more threatening to his opponents. Not only that, AMLO is fighting a war of economic terminology in which the truth is in the voice
Read more
By RICARDO CASTILLO Definitely the outstanding image in Mexico for the week July 8-12 was the stone-cold face of Arturo Herrera Gutiérrez as President Andrés Manuel López Obrador appointed him the government’s new finance secretary. Herrera Gutiérrez looked as if he was attending his own funeral. The fact is that a lot of political pundits noticed the grave gesture, that
Read more