Market Talk – January 6, 2024

January 6, 2025

Market Talk 2017

ASIA:
The major Asian stock markets had a mixed day today:
• NIKKEI 225 decreased 587.49 points or -1.47% to 39,307.05
• Shanghai decreased 4.51 points or -0.14% to 3,206.92
• Hang Seng decreased 71.98 points or -0.36% to 19,688.29
• ASX 200 increased 6.90 points or 0.08% to 8,257.40
• SENSEX decreased 1,222.45 points or -1.54% to 78,000.66
• Nifty50 decreased 388.70 points or -1.62% to 23,616.05
The major Asian currency markets had a mixed day today:
• AUDUSD increased 0.00261 or 0.42% to 0.62401
• NZDUSD increased 0.00226 or 0.40% to 0.56366
• USDJPY increased 0.268 or 0.17% to 157.547
• USDCNY decreased 0.00896 or -0.12% to 7.34929
The above data was collected around 13:31 EST.
Precious Metals:
•  Gold decreased 1.28 USD/t oz. or -0.05% to 2,637.00
•  Silver increased 0.439 USD/t. oz. or 1.48% to 30.047
The above data was collected around 13:34 EST.
EUROPE/EMEA:
The major Europe stock markets had a green day today:
•  CAC 40 increased 163.47 points or 2.24% to 7,445.69
•  FTSE 100 increased 25.68 points or 0.31% to 8,249.66
•  DAX 30 increased 310.11 points or 1.56% to 20,216.19
The major Europe currency markets had a mixed day today:
• EURUSD increased 0.00739 or 0.72% to 1.03829
• GBPUSD increased 0.00888 or 0.71% to 1.25118
• USDCHF decreased 0.0039 or -0.43% to 0.90450
The above data was collected around 12:46 EST.

US/AMERICAS:

US Market Closings:

  • Dow declined 25.57 points or -0.06% to 42,706.56
  • S&P 500 advanced  32.91 points or 0.55% to 5,975.38
  • Nasdaq advanced 243.3 points or 1.24% to 19,864.98
  • Russell 2000 declined 1.81 points or -0.08% to 2,266.66

 

Canada Market Closings:

  • TSX Composite declined 73.75 points or -0.29% to 24,999.79
  • TSX 60 declined 4.1 points or -0.27% to 1,498.34

 

Brazil Market Closing:

  • Bovespa advanced 1,366.39 points or 1.15% to 119,899.07
ENERGY:
The oil markets had a mixed day today:
•  Crude Oil decreased 0.267 USD/BBL or -0.36% to 73.693
•  Brent decreased 0.2 USD/BBL or -0.26% to 76.310
•  Natural gas increased 0.3044 USD/MMBtu or 9.08% to 3.6584
•  Gasoline decreased 0.0209 USD/GAL or -1.02% to 2.0380
•  Heating oil decreased 0.0072 USD/GAL or -0.31% to 2.3484
The above data was collected around 12:49 EST.
•  Top commodity gainers: Natural Gas (9.08%), Wheat (2.43%), Rhodium (2.19%) and Oat (2.81%)
•  Top commodity losers: Sugar (-1.53%), Cocoa (-3.25%), Methanol (-2.51%) and Bitumen (-1.85%)
The above data was collected around 13:04 EST.
BONDS:
Japan 1.1290% (+3.5bp), US 2’s 4.28% (-0.010%), US 10’s 4.6270% (+2.5bps); US 30’s 4.84% (+0.027%), Bunds 2.4440% (+1.95bp), France 3.258% (-2.95bp), Italy 3.5730% (-1.9bp), Turkey 26.76% (-5bp), Greece 3.231% (+3.1bp), Portugal 2.911% (+0.5bp); Spain 3.105% (-0.05bp) and UK Gilts 4.6090% (+1.22bp)
The above data was collected around 13:08 EST.

 

Congress Certifies Trump Victory Jan 6th, 2025

January 6, 2025

Trump Certified 1 6 24

As expected, the insane Democrats did not get their way, and reason prevailed. The U.S. Congress formally certified President-elect Donald Trump’s November election victory over Vice President Kamala Harris. Biden said he would not allow Trump to take the White House. Jamie Raskin wanted to say that Trump didn’t file a form, and that would stop him from becoming president.

All of this outright political hatred gave way to the more typical political Washington civil war, where they will all now try to obstruct everything Trump does, as was their agenda the last time, proving Democracy only exists when they win. The Democrats will obstruct everything from appointments to domestic energy and health policies and want to still create World War III.

This is clearing the way for Trump to be sworn in on Jan. 20th, and it appears that this pretend prosecutor “acting” as a judge in New York will try to be satisfied with labeling Trump a Felon. There will not be the traditional Supervised Release, in which he cannot leave the distinct without the judge’s permission. So this will be a label for the history books in name only.

 

 

At Last Trudeau Resigns in the Face of a No-Confidence February Vote

January 6, 2025

Trudeau Resigns Jan 6th 2025

Finally, Canadian Prime Minister Justin Trudeau announced that he would resign as prime minister and Liberal leader after a replacement was chosen. Our sources have been saying that unless he resigned, they would remove him publicly with a no-confidence vote in February. It chose January 6th, the very day that Congress is set to certify the vote in the United States for Trump. This explains the Arrays from December 27th and January 3rd that showed an important turning point for the 6th with a Panic Cycle on the 7th. Perhaps we were biased in thinking Trump might influence this, but Trudeau chose January 6th, hoping the major news would be on Trump and that he could hide behind those headlines.

 

IMMCD D Array 1 3 25 1

IMMCD D Array 1 6 25

 

The computer is now targeting the last two weeks of February – the 17th and a Panic Cycle on the 24th. This should be rather interesting from here on out. Schwab better get going to keep control of Canada.

Every Country Schwab Has Touched Has Fallen into Disarray

Socialism Lowers the Standard of Living on its Road to Poverty

Just Look at Eastern Europe, Russia, China, and Latin America

Socialism Lowers the Whole to the minimalist possibility – it never raises the standard of living

Canada Report 2025

We will Let Everyone Know When This is Ready

The Stale US Real Estate Market

January 6, 2025

House US Real Estate

Home sales in the US rose to a four-year high after rising 12.1% YoY, according to a new Redfin report. As I stated, we are entered a buyer’s market in May of 2024 in line with the ECM. Gone are the days of bidding wars and skipped inspections. Home inventory has picked up significantly but we are seeing those homes sitting on the market far longer as people simply cannot afford to buy.

Nearly 55% of listed homes have been on the market for over 60 days, a 49.9% increase from last year. The average home takes 43 days to go under contract now, marking the slowest pace since the pre-pandemic era of 2019.

Home prices across the nation as of November 2024 stood at $429,971, which represented a 5.4% YoY increase. The average 30-year mortgage stands at 6.95%, down 4 bps YoY but not enough to attract would-be buyers. The 15-year stands at 6.28%, down 7 bps YoY.

Texas and Florida have the highest rates of homes sitting on the market. The primary reason we are seeing this is a drastic increase in as-is homes in the wake of two hurricanes. Around 57% of homes in Tampa have been sitting on the market for over 60 days. All you need to do is take a look at Zillow or Trulia to see why. People are offloading hurricane-damaged properties that need significant work. It is extremely common to see homes listed with removed drywall or flooring from flood damage. Miami has seen the highest percentage of inventory increases across all metro areas at 63.8%, and although unaffected from the storms, the city has seen a drastic surge in HOA and insurance prices.

“A lot of listings on the market are either stale or uninhabitable. There’s a lot of inventory, but it doesn’t feel like enough,” said Meme Loggins, a Redfin Premier real estate agent. “I explain to sellers that their house will sit on the market if it’s not fairly priced. Homes that are priced well and in good condition are flying off the market in three to five days, but homes that are overpriced can sit for over three months.”

We look to Treasuries to see if there will be a decrease in rates. Again, American real estate cannot be forecast at a national level since there are too many factors at play. Our computer models indicate that we will see a reversal in trend back to a seller’s market by August 2028.  The 2007 high on the Shiller Index was the precise day of the Economic Confidence Model. So far, all the indicators have confirmed that we should have a recessionary trend into 2028 with this turn in the model on this wave.

Globalists to Oust Orban?

January 6, 2025

Victor Orban Hungary

The globalist elite need Hungary’s Viktor Orban out of the way. Orban has opposed the war in Ukraine and attempted to conduct peace talks with Putin, much to the dismay of Brussels. He has fought tooth and nail for Hungary’s ability to continue using Russian energy. He strongly opposes open border policies and goes against everything the globalist elite are promoting.

It comes as no surprise that the establishment is looking for ways to oust Orban. Hungarian opposition leader Peter Magyar released a video on New Year’s day calling for an immediate election ahead of the scheduled 2026 election. “Let there be a new election to return the right of deciding their fate to the people,” Magyar said in a video circulating on social media.

“You’ve made Hungary the EU’s poorest, most corrupt nation,” Magyar accusingly stated. Hungary’s GDP is expected to grow by 0.6% for 2024, largely due to a nearly 15% decline in the agricultural sector. The IMF believes Hungary’s GDP will grow by 2.3% in 2024 when the numbers are in. Yet, the EU’s estimated growth for last year is estimated at only 0.8% or 0.9%. Technically, Bulgaria holds the title for the poorest nation within the EU, but facts matter not when it comes to politics.

The European Union desperately wants Orban gone, especially with his allied friend Trump taking office in the coming weeks. The alliance withheld €1.04 billion from Hungary for failing to abide by its authoritative laws. This marked the first time that the EU has ever taken such action against a member state and should serve as a major warning call to all other members — you are no longer in control of your nations!

Soros v Orban

Orban has also spoken out against the likes of George Soros and everyone driving the Marxist agenda. In fact, he has openly declared that George Soros is pulling strings at the EU. “I know @georgesoros very well, he is my opponent!! He has an ARMY at his service, MONEY, #NGO’s, Universities, research institutions and he OWNS half the bureaucrats in BRUSSELS!! He uses this army to FORCE his WILL on his opponents,” the president posted on X back in 2023.

The globalists have been in control of the European Union since its creation. The entire premise of the euro was to mesh all Europeans nations together in the first step toward creating a one-world government and ending wars. Now we have unelected officials speaking on behalf of 27 countries and promoting values that do not align with individual countries. “We will resist the crazy ideas of Brussels bureaucrats, the migrants’ invasion, the gender propaganda, and we will resist the illusions over the war (in Ukraine) and Ukraine’s unprepared EU membership,” Orban stated.

The cost of living crisis that has become a contagion in the post-pandemic years has caused Orban’s popularity to decline. An October 2024 poll found that the Tisza opposition party had a 1% lead over Orban’s Fidesz. Is this reason enough to call for an early election? Similar to Trump, the elite need all dissenters out of the way. Orban has been battling Brussels from the beginning and those unelected globalists would like nothing more than to see Orban disappear.

Swiss Burqa Ban

January 6, 2025

Burqa

Switzerland enacted a law at the start of the year that prohibits anyone from wearing burqa coverings in public. The Swiss people voted in favor of the ban four years ago but were met with backlash from the current government who called the ruling racist. Yet, Swiss law requires the government to adhere to referendums and the government was overpowered by the people.

Swiss People’s Party (SVP) introduced the initial legislation, and while they did not directly call out Islam, they called full facial coverings a form of “soft extremism.” Amnesty International called the ban “a dangerous policy that violates women’s rights, including to freedom of expression and religion.” It is astounding that women’s rights are considered just in this manner.

Switzerland is not the first or last nation to ban burqas. Belgium and France were the first nations in Europe to implement bans back in 2011, followed by Bulgaria in 206. China and Austria implemented bans in 2017, Denmark in 2018, and Sri Lanka in 2019.

People may dress as they wish in places of worship, but it is now forbidden in public places. You could not enter a store with a ski mask, for example, and countless places will not even permit people to tint their car windows. Women would not travel to Islamic nations and flaunt a revealing outfit. Similarly, the existing culture should remain in place without wavering to the whims of newcomers.

Personally, I do not find the 1,000 franc fine to be racist. Nations throughout the world, especially those with open border policies, are fighting to maintain their own culture.

Gender Theory Indoctrination of Our Children With No Regard Long-Term Impact

January 6, 2025

This Mom Debunks “Gender Theory” in 3 Minutes

Is it Time to expose every Teacher pushing Gender Identity, even putting in Litter Boxes for Kids who Think They are a Cat or Dog? This is NOT a conspiracy theory; it is REAL!!!! A Friend took a job in Gainsville Florida Public School and has now quit and is taking her family out of this College LEFT-WING town because they did put in litter boxes for children who think they are “furries” and are insane for such a person will NEVER hold down a real job going through life as a furry. I guess they would end up in prison since animals don’t pay taxes, and I doubt the IRS will entertain that excuse. A judge would order such a person to be forcefully taken to a mental hospital without release until cured.

This was also what the election was all about.

Most Democrats Can’t Figure That Out Yet

 

2025_01_05_14_16_37_School_accused_of_installing_litter_boxes_for_students_who_identify_as_cats_hits

 

 

Soros & Hillary Get the Presidential Medal of Freedom?

January 6, 2025

Biden Medal of Honor for Soros

 

There are no words for what Biden has done in his lifetime career of corruption and his final slap in the face to all Americans by handing the Presidential Medals of Freedom to George Soros and Hillary Clinton, his mentor on corruption. Why not include Bin Laden, who was fighting for Islamic Freedom, or Vladimir Putin, for defending the freedom of the Russians in the Donbas after Zelensky outlawed their language and religion, stripped them of any right to vote, and renigged on the Minsk Agreement that was to give them a right to vote on independence.

Soros Brexit R

Handing a Presidential Medal of Freedom to George Soros, who has done everything to undermine freedom, is the legacy of Biden always doing favors for the highest bidder. This is the guy who was supporting the surrender of British sovereignty to flood the country with Muslims who then took thousands of vulnerable girls in Britain, raping and sexually abusing them by gangs of mainly British Pakistani men and covered it all up to hide the political ramifications of Soros’ Open Society Agenda. I am sure thousands of girls in Britain, Germany, and Austria would love the freedom to tell Soros where to shove that metal. I cannot think of a more disgusting individual for Biden to honor simply for being the biggest Democratic donor.

Soros Donates_125_Million_to_Democrats

I guess if you are the biggest donor to the Democrats, that qualified for the Presidential Medal of Freedom when you preach the precise opposite. Money can obviously buy you a Medal to wear when you look at yourself in the mirror and pretend you are an honorable person.

Soros Calls for Assassination of Trump

If I did what Soros implied to assassinate a president, they would be storming my house, and you can bet they would have killed me and planted a gun to claim it was self-defense. I had a friend who was a cop and he told me you always carry an unregistered gun just in case you kill someone by mistake.

NYT Soros_s_Quantum_Fund_lost 2 billion

I traded against Soros many times. I cost him billions. He lost $2 billion in the Russia scam, and I believe he lost over $1 billion in trying to manipulate the Japanese yen. I know the rumor has been that he, with the bankers, told the CFTC to shut down our company and stop the forecasts.

Had I been clairvoyant and known that this is what Soros would have done with his money, I would have targeted him specifically. I’m sure the prosecutors are still counting their money for their actions.

Alan Cohen GS

They installed a receiver, Alan Cohen who then seized control of Princeton Economics International and ran it from the boardroom of Goldman Sachs.

Hillary Medal of Honor

As far as Hillary is concerned, it would be hard to pick a figure that better personified the Democratic Party’s contempt for We the People than this failed presidential candidate. It would be hard to think of anyone who has done more recent damage to the American political system than Hillary, from removing the bankruptcy option on Student Loans to trying to rig elections. I can at least understand Hillary being an American political figure despite the fact she spied on Trump, destroyed her emails, and lied to create RussiaGate, costing the country countless millions while her objective was to distract and prevent Trump from carrying out any agenda when he beat her in 2016.

I suppose Hillary did not want a PARDON because you have to admit you created a crime. Thus, it appears that the next best thing was for President Joe Biden to hand this questionable politician a Presidential Medal of Freedom as his last corrupt act – the highest honor the United States government can award a civilian. These two medals leave me shocked, but I guess that is just Biden and his corruption that he has lost all sense of honor, dignity, or what a president is even supposed to be.

Presidential_Medal_of_Freedom_Medallion_

Just for the record, you can buy a reproduction for about $200 – much cheaper than what it costs Soros.

Then use Photoshop and paint in any President you Desire.

Or have AI make a movie with George Washington pinning it around your neck.

 

January 6th the Count & January 10th the Sentencing

January 5, 2025

US Capitol Building

The Count January 6th

At the Capitol Building, standing behind this monument to the hero of the American Civil War, Ulysses S. Grant, Congress will hold a joint session on Jan. 6 to count the Electoral College votes, marking the official certification of President-elect Donald Trump’s victory and formalizing his return to the White House for a second term. This constitutionally mandated process, conducted every four years, ensures the peaceful transfer or continuation of power. An alleged quote from Jamie Raskin was circulating about not certifying Trump, which he denied, and USA Today, the Leftist Mouthpiece, claimed to do a fact check and attributed it to right-wing conspiracies. It said:

‘Let folks cast their votes for Trump if that’s their choice. But mark my words, we won’t be certifying the election. He might win, but we’ll ensure he doesn’t step foot in the Oval Office,'”

Raskin_says_Trump_hasn_t_signed_documents_for_orderly_transiti

Raskin letter to Trump

What this stems from was a letter Raskin sent to Trump claiming he had failed to sign documents to become a candidate, implying that somehow he was then not qualified. Raskin is such a leftist that it begs the question of whether Maryland should not just secede from the United States since they seem to prefer to dictate how everyone else MUST comply with their ideals. It’s a shame we cannot carve it off and attach it to California along with New York. Then perhaps one big earthquake will split them off into their Communist island where they can all run around and change the sex on a 3-year-old boy because he played with his sister’s dolls and tax each other into poverty like in Latin America.

Some Democrats even shake their head at Raskin, who is known for his antiTrump rhetoric and hatred of middle-of-the-road agendas. There were even whispers that dared to claim that Pence was wrong and that he should not have certified the 2020 election, so Kamala need not certify Trump’s victory, claiming that the 14th Amendment prohibits him from becoming president without ever having a trial. They would be tearing down Grant’s statue on January 6th in such a stupid move.

After the question of Pence having the authority to deny the count, Congress passed the Electoral Count Act, revised in 2022, clarifying the vice president’s role as strictly ceremonial, removing any ambiguity about their authority to certify the count. The updated law ensures the vice president cannot alter or determine the results during the certification process. Therefore, Kamala has no such power, for this has subsequently become a purely ceremonial event. Congress opens sealed certificates from each state documenting their electoral votes. Delivered in special mahogany boxes reserved for the occasion, these certificates are read aloud by bipartisan “tellers” from both chambers. The vice president acts purely as president of the Senate, presiding over the session and announcing the results. The 2020 Count was rigged by Pelosi, who prevented any challenge to any state vote that would have required a full debate, but she also passed a COVID rule prohibiting more than 53 people on the floor at a time. There were 7 states to be challenged, and one would have blocked Biden from the presidency.

If Jamie Raskin wanted to stop Trump, he should have filed a Declarator Judgment Action in the DC District Court, which is always pro-government and anti-We the People. Raised the 14th Amendment and sought both a Declaratory Judgment and a restraining order, which would have been appealed to the Circuit Court of Appeals and the Supreme Court. That would have been the ONLY way to use the 14th Amendment to block Trump from office. I doubt that even the most corrupt leftist judge would have granted Raskin such relief.

The Sentencing January 10th

Bragg Merchan

At 9:30 a.m. on Jan. 10, 2025, this prosecutor, Juan M. Merchan, who is only an”acting judge” handed the most politically charged case in American history, will finally move to decide whether to imprison Trump or not. The polls show that all of these legal cases were not believed and were seen as lawfare and a desperate move by the Democrats to keep their Woke-Climate Change Agenda and to destroy the economy by taxing even unrealized gains, which the IRS would then have applied to real estate.

The minister Chao Cuo (ca. 200–154BC), under the previous emperor Ching-ti (Liu Ch’i)(157-141BC), earned the hatred of other ministers after he introduced 30 new laws. Chao stated that he was determined to reduce the seven princes’ fiefdoms and their political power, much as Merchan and Bragg attempted to use law for political gain. After that, Chao Cuo exposed the sins of the princes many times and then slowly cut off their fiefdom little by little to deny them political power. The outrage was so intense that Chao Cuo was dragged out and executed in his judicial robes in the town marketplace. Emperor Han Jing believed these accusations about Chao Cuo and ordered him to be cut at the waist and beheaded at the execution ground while wearing an official judicial robe. Merchan would be wise to examine the history of dealing with corrupt judges.

Since Trump’s conviction in May 2024, Merchan has contemplated his sentencing options. Democrats were cheering to see Trump handcuffed and dragged out in an orange-jump-suit moment they prayed for over years of unrepentant lawfare disgracing the United States internationally and the land of the free and the rule of real law. They will likely be disappointed. Even if this was NOT Trump, a verdict of this bogus nature would typically result in an unconditional discharge or a sentence without jail time. That outcome became more likely after Trump was reelected in November. But it also became more likely once he took office. Merchan had set the date before he took office to avoid a real constitutional crisis, and there was no way he could sentence a sitting president.

Cntrl Alt Delete Control

Merchan will no doubt seek to write the script for the Democrats who have been reduced to being satisfied with calling Trump a felon for life. Merchan has to know that this will be appealed and will end up in the Supreme Court. He could try to fine Trump some astronomical amount, but under NY law, you must pay the fine to appeal – another aspect of the corrupt NY legal system. Make the fine so big that the victim cannot afford to appeal. We need legal reform, and it is time to press the control-Alt-Delete button on the whole mess. I would LOVE to testify on how to fix the legal system, having witnessed it.

GCNYNF D 1 5 2025

While the computer shows a Directional Change for January 6th and then a Panic Cycle for the 9th, both of these indicate that there will be some tension related to these two events. We are talking about a Civil War if they try to use these to prevent Trump from taking office. I do not think they will dare to step into the abyss.

 

They Will Certify Trump – But They May Still Try to Assassinate Him and Blame it on Iran

then the NEOCONS get their World War III wrapped up with a nice red bow on top

Note: I can tell you that the NEOCONS invaded Iraq, assuming they would win in just two weeks or so and then invade Iran. In the Benghazi Affair, Hillary refused to answer that the embassy was attacked because they were sending arms to rebels in Syria and Libya to overthrow their dream of all three dictators – Saddam, Assad, and Quadaffi.

 

Mexico 2025

January 5, 2025

Mexico 500 Peso

QUESTION: Mr. Armstrong, I want to thank you for your work. It is refreshing to read a non-biased analysis of our country. I do not say this to flatter you. I am honestly appreciative of your work and independence in the age where everything is fake news here, too, in Mexico. The peso has weakened by almost 25% in 2024. This is the most significant drop since the financial crisis of 2008. After the June election that turned our country to the left, this was the main reason for its decline. I followed your forecasts and moved to dollars. I thank you for that. Do you see any hope for us moving forward?

muchas gracias

P

MexicoPeso Y 1954 2024

ANSWER: Indeed, the peso’s volatile year kicked off with June’s general election, which swept the leftist coalition led by the ruling Morena party to a resounding victory in the
presidential race and large congressional majorities. If you look at the model, we had a Directional Change in 2024, and the politics aligned with the targets. Ahead of the election, the Mexican currency traded in April at about 16.26 pesos per dollar to reach a nine-year high. The election win for Morena set in motion the passage of constitutional reforms in September, which includes a major overhaul of the judiciary that critics argue will undermine the independence of the courts in Latin America’s second-biggest economy. Yet, look at this chart. Mexico scored an OUTSIDE REVERSAL TO THE UPSIDE in 2024. This points to technically a higher dollar.

However, the election of U.S. President-elect Donald Trump has exacerbated the situation, making it increasingly bitter, violent, or unpleasant – hence the peso’s rocky ride. In addition to this frustration, there are fresh tariff threats against Mexico, which sends around 80% of its exports to its northern neighbor. I oppose this because it will create an economic depression outside the USA, which is dangerous for the world economy and would drag the United States down, as what took place with the Great Depression.

Many emerging markets issued their debt in US dollars to raise money in NYC. As the dollar rises, these emerging markets will suffer major currency losses on top of an economic depression, which will only come back to haunt the world economy, including the USA. Whoever Trump is listening to has clearly no international experience or expertise in this field.

Mexico issued $7.5 billion in debt and became the world’s largest issuer among its peers. Mexico became the largest sovereign issuer with a BBB rating, considered the lowest investment grade by the world’s largest credit risk agencies. The Finance Ministry confirmed that Mexico is now ‘the largest sovereign issuer with a BBB rating globally at the start of 2024. The bonds were placed in three tranches: a 5-year bond at 5.07% with a coupon of 5% for an amount of $1 billion. The next tranche was a 12-year bond that paid a rate of 6.09%, paying a coupon of 6% for an amount of $4 billion. The third tranche was a 30-year bond paying 6.45%, with a coupon of 6.4% for an amount of $2.5 billion.

This brings Mexico’s currency loss at $1.8 billion for the first year. According to the Mexican government’s latest data, Mexico’s total foreign debt stands at $494 billion as of 2023. This includes both public and private debt, with the majority being owed to international lenders. Borrowing in dollars is exceedingly dangerous. Moreover. despite Trump’s threats of tariffs, Mexico has often had a trade deficit with the USA rather than a surplus.

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