12/05/24 Afternoon CommStock Report – Cinco de USMCA

Mexico needs to celebrate its participation in the USMCA and needs to hurry as it is likely coming to an end soon. DJT has had it in for Mexico having expressed no interest in building a resort and golf course there. He has effectively used Mexico as the fall-guy to advance his political agenda. In most ways Mexico is guilty as charged. Once upon a time Mexico was bleeding its citizens northward across our southern border who were funding the home country by sending remittances home each month. “2024: Remittances are estimated to reach over $65 billion by the end of the year. The average amount of each remittance is around $390, and the average recipient receives money from relatives abroad about seven times per year. 99% of remittances in Mexico are delivered digitally.” As time passed, Mexico became an auxiliary to US supply chains who began relocating to Mexico rather than entice Mexicans into coming to the US. As job opportunities grew in Mexico, the flow of Mexican workers northward first slowed and then that changed and changed again. Now they have been replaced in border apprehensions by immigrants from other Central American countries seeking asylum and the dream here. Mexico…