Mexico Boom Leads Americas as Drug War Loses to Nafta
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For all of the killings of elected officials at war with the criminal drug gangs, there is no stopping the Mexican investment boom thanks to the 16-year-old trade agreement that is buoying Latin America’s second-largest economy.
Mexico’s stocks, bonds and currency are beating the U.S. and Brazil for the first time since 2002, data compiled by Bloomberg show. Dollar debt issued by Mexico is returning 16 percent in 2010, more than the 14 percent for Brazil bonds and 8.8 percent for U.S. Treasuries, according to JPMorgan Chase & Co. and Bank of America Corp.