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Things Are Muy Malo in Mexico

|Includes: iShares MSCI Mexico Capped ETF (EWW)
I get e-mails everyday from readers out there informing me of conditions in the real world.  Dixie is an American active in the expat community in Guadalajara, Mexico, who says that restaurants are deserted, sales are ubiquitous, and the prices of everything are negotiable. Home prices are down 20% YOY, and this is in a land where lack of mortgages required most to pay cash. One antique store owner says conditions are the worst since 1994, when Mexico last suffered and economic crisis. Food prices are soaring, with the price of bananas doubling since June. Working Mexicans are in trouble, and the crime rate is soaring. Yu can analyze a Cray mainframe’s worth of economic data, and still not get the insights provided by one report from the field like this. Muchas Gracias,  Dixie.