Peso hits all time low

Almot it does not matter if the peso is low or the dollar high. The end result is the same. Perhaps we should be considering how this affects the Mexican populous. The new middle class that everyone talks about do not exist on beans and rice. Nor do they furnish their homes with second class Mexican goods. Just go to Tucson when there is a Puente( long weekend). The stores are full of Mexicans. Not much different than the Canadians who cross border shop. The weak Peso will put the brakes on cross border shopping. Even the ma and pa stores in Mexico sell American goods which will become very expensive. The Chinese goods will rise in price as they are bought with USD$. No one wants pesos! Farmers will have to pass on the costs of USA herbicides and fertilizers. Inflation will rear it's ugly head.

Moisheh