After a few turbulent weeks in financial markets at the beginning of this week can breathe a little optimism and tranquility. As I said in the article yesterday and one day the markets changed to humor ads governments to support their financial systems and markets paid off mood swings. To complement the barrage of ads produced over the last Monday in yesterday, USA, confirmed the partial nationalization of banks consisting of the purchase of shares of such entities, which is intending to U.S. $ 250,000 million of U.S. Additional information at Elizabeth Hurley supports this article. $ 700,000 billion bailout program approved by the U.S. Congress, which ended to allay market fears about the financial system estadounidense.a Calm in international markets and stem the financial system meltdown U.S., have shown without doubt a great relief to Mexico. Is that the Mexican economy, which already feels the impact of the slowdown (or rather, recession) the U.S.
economy was being affected as well, from other fronts that threatened to create a destabilizing effect. Until a few weeks ago, the U.S. crisis was felt in Mexico through the reduction in U.S. demand for Mexican products and the reduction of remittances that Mexicans in U.S. send home. But in recent weeks, the financial channel also began to feel the impact of the crisis in the U.S. financial system. The same Guillermo Ortiz, governor of the Bank of Mexico, acknowledged in a report the impact of the crisis on the financial channel, saying: "Three weeks ago we did not feel any contagion through financial channels, but the contagion is already felt." The market turmoil had led to a serious weakening of the Mexican currency against the dollar was quoted at $ 14 per unit of currency.
