Consider the source…

The good news is Mexico is the second least likely nation in the world to suffer economic collapse. The bad news? The source for this information is Merrill-Lynch.

As Ronald Buchanan wrote in yesterday’s The (Mexico City) News:

… Merrill Lynch, in economic terms, is no different from the guys with big bellies and loud voices to be found in Mexican cantinas, New York bars, London pubs and, indeed, watering holes all over the world. They couldn’t kick a soccer ball if their life depended on it, but that doesn’t stop them blasting the alleged deficiencies of Beckham, Ronaldinho and all the rest.

Merrill’s ranking of credit risks has all the reliability of a prize list for moral rectitude in the Scottish Presbyterian Church drawn up by a Nevada brothel madam.

I’ll have more to say about the “Plan Anti-crisis”,  the Mexican government proposal for dealing with the world-wide economic problem brought on by the Bush Administration’s neglect, rigid adherence to bone-headed economic models and pissing away the national budget in the sands of Iraq.  It may be sound… but I might want to get a second opinion from somebody who didn’t manage to lose 60 billion dollars recently.