Which is all around bad but still favors stocks and real estate over cash.
Mexico’s currency collapsed in the early 90’s going from 3.5 Peso’s to the dollar to about 24 Pesos to the dollar today. If you were a Mexican and held Mexican stocks through the volatility most of your wealth was preserved. If you held Pesos you got crushed.
In his interview with Fox, Navarro said “the turning point” came when the U.S. heard about the coronavirus outbreak in China. Navarro claimed that the administration only heard about the virus after the trade deal between Washington and Beijing was signed on Jan. 15.