And footloose hot money that has flooded Mexico can quickly dry up.
What have central banks wrought?
A very risky bond deal with a huge yield.
The price of corruption: Unemployment spikes to record.
A very inconvenient connection.
It’s not all NAFTA’s fault, however.
In a world that has become immensely exposed to Mexico’s debt and peso.
Mexico could face its worst fiscal and financial crisis in decades.
Investors buckled, but the country’s plight is only getting worse.
Teetering on the brink of utter economic collapse.