There’s a strange idea circulating among Mexican currency traders. Well, more of a joke really. But there’s a certain logic to it.
It goes like this: Instead of spending its precious reserves to defend the peso, Mexico should just buy Twitter Inc. — at a cost of about $12 billion — and immediately shut it down.
The idea being that it would be the easiest way to stop the Trumpet tweeting negative things about Mexico.
I don’t know, he’d just find another forum, no doubt. Shit, in a week’s time he’ll be able to put whatever he wants on Whitehouse.gov.
[T]hat the idea was even raised in jest shows how just how frustrated Mexicans are that their economy and the value of their savings are at the mercy of the seemingly random musings coming in 140-character bursts from Trump’s Twitter account. It’s a sentiment that presumably would be shared by U.S. investors in companies like, say, General Motors Co. or Lockheed Martin Corp., but in Mexico, the pain, and the accompanying despair, appear to be on a much greater scale.
A lot more than Mexico is at the mercy of those “seemingly random musings.”