Shrinking Oil Giant Pemex Starts 2017 on Wrong Foot by Don Quijones • Jan 2, 2017 • 15 Comments Mexico’s ATM is stewing in a toxic mix.
Despite what Everyone Thinks, Biggest Threat to Mexico’s Economy isn’t Trump but Pemex by Don Quijones • Nov 6, 2016 • 22 Comments Mexico could face its worst fiscal and financial crisis in decades.
Pemex Collapse Threatens Biggest Banks in Mexico by Don Quijones • Aug 26, 2016 • 34 Comments Big-oil bailout by taxpayers already under way.
Pemex-Peso-Dollar Crisis Takes its Toll in Mexico by Don Quijones • May 23, 2016 • 22 Comments No one is immune to the crippling effects of a crumbling currency.
Debt Spiral Grips Both, Pemex and Mexico by Don Quijones • Apr 5, 2016 • 19 Comments Nightmare is coming true.
Big-Oil Bailout Begins as Pemex’s Debt Spirals Down by Don Quijones • Mar 16, 2016 • 11 Comments Proud sugar daddy becomes giant financial sinkhole.
Desperate Oil Giant Pemex Makes a Deal with KKR by Don Quijones • Feb 21, 2016 • 11 Comments On the bright side, it’s not bankrupt – according to the new CEO
Unwelcome Inflation Heats Up in Mexico, Brazil, and as Always in Argentina by Nick Corbishley • Apr 16, 2021 • 102 Comments Brazil’s central bank struck back with shock-and-awe rate hike. Mexico’s central bank in tough spot after hit to economy. Argentina’s inflation at 42%.
Despite Terrible US Economy in 2020, Workers of Mexican Descent Sent Most Dollars Ever Back to Mexico by Nick Corbishley • Feb 4, 2021 • 91 Comments Against expectations, the feared plunge in remittances, as during the US Housing Bust, did not occur. For interesting reasons. Weirdest Economy Ever.
Paper Dollars in Circulation Globally Spike amid Hot Demand. But a Mexican Bank, after Run-ins with the US, Can No Longer Unload its Hoard of Paper Dollars by Wolf Richter • Jan 1, 2021 • 241 Comments Triggering a showdown — Government of Mexico v. Central Bank — over paper dollars, with ramifications in the US and globally.
