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Grifter of Pentecostalists / social democrat President Obrador of Mexico released a new plan to fund Pemex, the Mexican state oil company, but it’s not primed to allow private foreign takeover of Mexican oil production. So Fitch downgraded Pemex’s debt to junk status, and if one more big investment house does the same, e.g Moody’s, a whole bunch of auto-triggers will trip in big pension funds and other institutional investors, forcing mass sell-off of Mexico’s debt and possibly plunging Mexico into a sovereign debt crisis. Funny How,
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cars
cars
UNUSUALY COOL
Post rating:
+
cars
cars
UNUSUALY COOL
Post rating:
~
bump