Luis Maizel’s Monthly Letter: 2025, A year of Challenges and Opportunities

The Trump administration is expected to shift towards less government regulation, increased domestic production, and protectionist policies, impacting immigration and taxes. Proposed tariffs on imports and drastic changes in foreign policy, including a focus on ending conflicts, signal significant transformations. Economic indicators show mixed performance, with potential implications for both the U.S. and Mexico.

Mexico’s 2025: A New Era of Political Control

In 2025, Mexico transitions to an authoritarian political regime under Morena, characterized by crushed opposition and a market economy dependent on foreign and drug-trafficking capital. The justice system shifts towards unofficial preventive detention, promoting social control. This new system prioritizes economic elites while sidelining genuine democratic processes, diminishing public accountability.

From the Weekend

The agreement between the European Union and Mercosur marks the establishment of the world’s largest free trade zone, impacting over 700 million consumers. This deal emphasizes international cooperation, climate commitments, and potential economic benefits for Latin America’s economies, aligning with global trade advancements and democratic values amidst political challenges.

The True Wealth of Nations: Beyond Natural Resources

The value of a nation is often mismeasured, with natural resources playing a limited role in prosperity compared to education, technology, and strong institutions. Mexico’s recent decline in global standing, driven by institutional decay and electoral manipulation, highlights the importance of maintaining democratic frameworks and citizen rights for true national wealth.

Larry Fink’s BlackRock 2024 Annual Chairman’s Letter to Investors

Time to rethink retirement When my mom passed away in 2012, my dad started to decline quickly, and my brother and I had to go through my parents’ bills and finances. Both my mom and dad worked great jobs for 50 years, but they were …

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Political, Moral, and Ethical Defeat of the Left

Ricardo Pascoe Pierce What does the left have to offer Mexico and the rest of Latin America? In Cuba, Nicaragua, and Venezuela, the question is quickly answered: it offers dictatorship and corruption. In Bolivia, Peru, Argentina, Colombia, and Chile, the governing lefts persecute each other, …

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On the eve of 2024.

Wars, polarization, and uncertainty reign in the immediate future. None of the forecasts at the beginning of the year* alerted us to the outcomes we experienced. The widely anticipated recession didn’t happen; the U.S. economy is growing with low unemployment and decreasing inflation. Growth across …

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Latin America is on an unknown course.

Ricardo Pascoe Pierce Simplifying what is happening in Latin America in political, economic, and social terms leads to a failure to perceive long-term trends. Instead, analyses tend to start from immediate circumstances to extrapolate long-term trends. A first warning is that simplifying trends into “left” …

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