Is “Dear-Shoring” coming in Milei’s Argentina?

In Mexico, the markets are weakened by the proposals of President López Obrador, and by his dull differences in this regard with his elected successor Sheinbaum.

Confidence in the peso falls and the idea of ​​​​sustaining its value with interventions that are reminiscent of the failed monetary populism of the Kirchners in Argentina arises from the Bank of Mexico.

Yesterday in Argentina, while President Milei remained calm giving a master lecture on his economic policy, and despite the violent attempt by Kirchnerist (quasi-criminal) organizations to prevent it, the Senate finally approved his “Bases” law.

This has generated a strong improvement in Argentina in the markets, and today a new drop in inflation is announced.

The perfect opponent for Milei

It is interesting that, before Milei closed the international Liberal-Libertarian forum

where he spoke, the penultimate speaker (via teleconference) was none other than Elon Musk! In a high-flying and at the same time very entertaining dialogue, Musk clearly expressed the enthusiasm he feels about what is happening in Argentina, and his interest in the investment possibilities if Milei is successful.

Connecting the dots, it is worth wondering what Musk thinks will happen in Mexico if AMLO is successful with his farewell reforms.

Will Musk continue with his plans to invest in Mexico? And what will others like him do? From the “near-shoring” that requires crossing the Río Grande, will they move in part to a “dear-shoring” that requires coming a little further, crossing the Río de la Plata, and participating in the change here, with the “dear ones”? Argentines?

Will they put at least one egg in each basket? We will see. We are waiting for you.