Mexican Economic Miralce? Carstens for #IMFpost #CDS #collapse #global #economy #transition #peakoil #narco

Mexico's financials are about as open as OPEC's reserves statements. Mexico's economy depends greatly on the USA recovery and yet somehow they are magically growing.

Must be the damn drug trade funneling $60B into the economy untaxed.

Clipped from www.bloomberg.com

RT: [eksit101] Is the #ENDTHEFED victories the October surprise? Just all seems fishy. #NWO #RESTORETHEREPUBLIC http://t.co/UXpSahotsE f...
— #New World Order (@nwohashtag) October 1, 2013

IMF Candidate Carstens Winning Over Bond Investors at Home: Mexico Credit

Carstens’s “credibility has been enhanced,” Pablo Cisilino, who helps manage $22 billion in emerging-market debt at Stone Harbor Investment in New York, said in a telephone interview. “Carstens came out and said we’re going to stay put and inflation is not going to pick up, it’s going to come down. Something that you’ve been predicting happens, your credibility gets enhanced.”

“It definitely says that the market is perfectly happy with the way that Carstens is conducting monetary policy,” Kieran Curtis, who helps manage more than $3 billion of emerging-market assets, including peso debt, at Aviva Investors in London, said in a telephone interview. “No change for still a reasonable period of time is quite a reasonable sort of policy outlook to expect.”

“Weak” economic growth is more responsible for the decline in consumer prices in Mexico than Carstens, said Benito Berber, Latin America strategist at Nomura Securities.

Mexico has nominated Carstens, who was deputy managing director at the IMF from 2003 to 2006, to replace Dominique Strauss-Kahn, who resigned as head of the organization last week to defend himself against criminal charges including attempted rape. French Finance Minister Christine Lagarde, who is also seeking the top job at the Washington-based Fund, has won endorsements from European countries including the U.K., Germany and Sweden. Read more at www.bloomberg.com