Monday, May 11, 2020 11:49:09 AM
I’m both in and long. Mexico doesn’t open up for another couple of weeks. The waiting period with the global crisis was inevitable.
AMLO is announcing strategies to reactive the economy by Thursday of this week. Maybe we get some clues, but I doubt a full blown announcement just yet. Very likely the importing of American fuel is mentioned because it is a key component for Mexican factories exporting into the US, which both countries have explicitly stated is vital for the reactivation of the economy.
AMLO had mentioned last week that he would be announcing the master plan for the development of the Isthmus of Tehuantepec, the revenues associated with it, and its capability for “global reach” this September.
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