For the last two years, the world’s fund managers had a recipe to mint money in Mexico. Borrow anywhere interest rates were low, pile into Mexican assets — and clean up as the peso marched higher and higher. Virtually overnight, it’s no longer such a sure thing. The landslide victory by Claudia Sheinbaum in the presidential election on Sunday has rattled markets by promising to significantly strengthen the hand of the nation’s ruling leftist party in legislation. That’s increased the chances that Sheinbaum could push through measures that eluded President Andres Manuel Lopez Obrador, such as changing rules on the ... (full story)