Comment by: Anonymous. Posted 10 years ago [2013-07-15 08:35:04]

Unlike developed markets where governments actions are always rational and never capricious? (sequester, 122a, short selling ban, the list goes on). From what I see, the new Mexican govt is making some smart moves to get rid of some of the entrenched interests that were holding back the economy. The lesson for credit investors is the rules can change in any country and that can make whole sectors suffer.

Comment by: Anonymous. Posted 10 years ago [2013-07-14 12:35:22]

Not to over-generalize, but there's a reason why many "emerging market" countries have been "emerging" for many decades (and centuries). As in this case, investors are subject to capricious and seemingly irrational acts of government.