Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Mexico’s Crime Wave Spirals Out Of Control As Auto Thefts Surge

Courtesy of ZeroHedge. View original post here.

For a country that generates roughly 10% of its GDP from tourism, mostly from Americans, Mexico’s surging violent crime rates, courtesy of its notoriously brutal drug cartels, is quickly becoming a ‘yuge’ economic issue.  As we recently noted, more Americans have been killed while traveling abroad in Mexico than any other country, by a staggering margin, no less.  

Source: data.world

And while Mexico would love to shake it’s bad rap when it comes to violence, the negative datapoints just continue to pile up.  The latest such data comes courtesy of Mexico’s car insurance association Amis, which found that auto thefts spiked in March 2017 by over 20% and current stand at multi-year highs.  Per Bloomberg:

In March, the number of auto thefts rose 21 percent from the same month a year earlier, according to numbers from the car insurance association known as Amis. Meanwhile, the recovery rate — the percentage of stolen cars that police were able to recover — dropped to its lowest since at least 2005.

The car-theft trend “will continue throughout the second quarter which will, in turn, have an impact on first-half returns,” Francisco Uriostegui, an analyst at Moody’s who helped write the report, said in an interview. “In the end, it’s the customer that will have to pay more, for a higher premium and it’ll be due to a drop in the recovery rate for these vehicles.”

Mexico

And while auto thefts may not seem all that threatening, it is just another datapoint that suggests an alarming trend in overall violence in a country that already leads the U.S. State Department’s ranking for most travel warnings.

Source: data.world

Oddly enough, no amount of State Department warnings have yet caused Americans to curb their appetite for those cheap Cabo vacations…

Source: data.world

Though we suspect it’s only a matter of time.


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!