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Time to go to Tijuana for Christmas vacations? The Mexican Peso just collapsed to all-time record lows against the US Dollar...
Charts: Bloomberg
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Much happy graphness
~ Ho Lee Sok
SMK
Can't give all the market news to just Mexico....when we have South Africa creating history as well....
South Africa’s currency is collapsingAnd the heads were hung high with visions of sugar plums
And the heads were hung high with visions of sugar plums
In the future all restaurants will be Taco Bell. And all currecies will be the Peso.
Tijuana blow jobs for everyone! I'm buyin!
I'm long valtrex and imodium
That taint something I wanted to see after lunch. Get a new avatar, it taint cool.
There is never a "Time to go to Tijuana" is you value your life and/or your health...
..and why go there when it's coming to you?
Health? What is health without life. No one will regret going to Tijuana on their death bed but many will regret not going.
Pepe Lopez for everyone on my Christmas list.
Sorry about the explosive diarhea.
The Danse Macabre of the currencies has begun - again.
that's why sovereign debt crsisi is coming.. big time and banks are gonna get blown out.
Great rates at the Hotel California.
Per plan, peso pounding perplexes powerful political politicians and pundits.
Preposterous.
Perspicacious !
Piss
poor
performance
Profoundly pessimistic, Pepe
Perfectly Perpetuated Purely Putrefying Pigeon Poop
...some ZH'ers preferred to descend into the alliteration abyss than give in to the dastardly despicable downward devaluation doldrums
Phew!
Peso punked!
Pobre pissed!
Being able to manipulate every financial market using HFT has its advantages - cheap vacations in Mexico and total destruction of commodity markets, especially oil and gold.
Obama's war on oil to hurt Russia, as in the mid-1980s, has reduced oil revenues by $2.8 trillion a year out of a world GDP of around $70 trillion.
Doesnt mean shit. Go down to Baja for a month or so and your still paying "regular" priced for things like gas and food.... Then always remember to keep a 20 spot on hand if you get pulled over.
I'd still gladly pay a 20 USD tithe to a corrupt Mexican cop rather than get pulled over in the USSA and raked through the combine for hundreds if not thousands.
Relative to the USSA cops, I'll take my chances with the Mexican patrolman. Smaller payoff, less chance of my leaking blood.
Very good point. The bill for a traffic ticket could easily be $400 or $500 in California to pay for legalized bureaucratic corruption. I would much rather pay a cop $20 and help feed his family.
Go deep interior, up into the mountain villages, some of the best hospitality I've ever had. Prices were the same for everybody. It truly was like going back in time, to the "old west days".
Baja is just Southern Southern California, chock full of aging retirees. God's nicest waiting room. Of course they charge American prices, it's all Americans.
Nothin to really write home about in Baja.......the weed sucks, and it's the same weed for months now, somebody must had a semi load of fucking bunk! Food's OK, women are dumpy, but there are some gems runnin around, no surf,........as I said....it's not exactly paradise, but some good weed would go a long way to making it habitable! 150 dollar rent ain't bad either!
Can't get silver bullion Libertad coins at the Electra stores any more. I think that the smart Mexicans are vacuuming them all up.
Does this mean drugs are going to get cheaper?
Lessee, Canada in December or Mexico, Canada or Mexico. Man, this is a really tough call!!!
all this means is that any gringo traveling through will be shaken down aggressively by anyone with a badge, yea, I know.."Badges? we don't need no stinking badges!"
Like Lorca said above, just keep a twenty or two handy (preferably in different pockets in case you get pulled over twice) when going down there.
They are a lot more honest about the intent of their "public safety check points" down there than the cops are up here ;-)
It has always been like that.
Mexico is now insufferable outside the D.F. When you sit for dinner with your family, beggars will come and stand next to each of you and won't leave until you pay them off. And the restaurants get a piece of it so they don't care.
Living close to Tijuana, I can't say I would recommend it for a Christmas Vacation. You may end up in a bathtub with your kidneys missing. Then again, my mother-in-law is visiting...
Miffed;-)
A fellow border dweller! About two hours from Juarez here. The reality is that most of the problem is at the border zone. Go further south, specially tourist areas frequented by Mexicans (Acapulco comes to mind) there is less criminal activity than in the US. Of course, I consider clowns in cop suits to be criminals. but that's just me.
IIRC, your husband also visits ZH.
Why the fuck is Corona still $16 for a 12 pack??
and Mexican Coke is still $1.25 a bottle.
Bottle? Mine comes in a small bag.
Mexican Pussy has never been this cheap.
It was always cheap.
Now it just costs less.
Well when half the population lives in the USA, why the fuck would they need pesos?
I wish the yen would tank to an all-time low.
Or, you know, all time since June 2014. /eyeroll
Shouldn't the headline be "Mexican pinocha pounded to record lows" ?
Libertads still holding their value.
Only an idiot keeps his savings in the local currency, because mass layoffs, bank failures, and currency devaluation tend to all happen at the same time. You need dollars, gold, (maybe) Bitcoin, and enough local currency for a week's groceries.
Governments hate it when people do this because it denies them policy levers to "fix" the economy. What they should do is stop pretending to know anything about economics, abolish their currencies, and spend only as much as they tax.
It's dropping faster than a former US President's pants in an Arkansas hotel room!