By THE PULSE NEWS MEXICO STAFF Once again, Mexican President Andrés Manuel López Obrador (AMLO) has questioned the economic expertise of his own financial specialists, this time contradicting the findings of the Finance Secretariat (Hacienda, or SHCP). Speaking during his regularly scheduled early morning press conference on Tuesday, April 2, AMLO said that the projections made by Hacienda for Mexican
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By RICARDO CASTILLO Is the Damocles sword a mythical tale? Surely not for Mexican President Andrés Manuel López Obrador (AMLO), who now sees it swinging over his political neck like a pendulum in the form of international rating agencies Fitch, Moody’s and S&P. The awesome rating threesome has lashed out against Mexico, putting the nation’s economy not on a downward
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By RICARDO CASTILLO It seems that about once a week, U.S. ratings are playing an old racist version of the Whac-A-Mole carnival game with Mexican President Andrés Manuel López Obrador (AMLO). In these now-defunct fairs, pitchers would be given three balls to throw at a black man – a real person – in an attempt to hit him. Behind the
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By RICARDO CASTILLO It’s hard to understand why Mexican President Andrés Manuel López Obrador (AMLO) reacted viscerally to the two-level downgrading New York-based Fitch Ratings made of the state-owned oil company Petróleos Mexicanos (Pemex) last Tuesday, Jan. 29. In any case, if there is going to be a culprit for the heinous performance of Pemex finances, it is none other than
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