|
The Mexican stock market has gone straight up for a year, higher than in 2000, like a number of other markets. This is a side effect of ultra-low US interest rates.
Maybe part of it, besides low US interest rates, is all the jobs we are sending?
I doubt that stock holdings are very common among the middle class in Mexico--though I have no stats on this. It is probably all rich foreign investors.
See link on my site for a graph (I tried to copy it, but it didn't work).
What will be the effect when this reverses?
|