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Signs of growth in Mexico as US political noise returns
Weekly investor research
30 September 2013
China bears fear over-investment more than anything else. But China’s statistics systematically overstate investment and
understate consumption. Once suitable adjustments are made China’s economy looks more balanced. High frequency data
begins to turn positive in Mexico as key political battles over reforms draw closer. Meanwhile, across the border in the United
States the White House and Congress are once again holding the world’s capital markets hostage to short-term political
considerations over the funding of government and raising the debt ceiling. Politics briefly looked better in Europe until tensions
re-surfaced in Italy, also over fiscal matters.