Larry Fink, the head of the world's largest investment fund BlackRock, met with Mexican President Claudia Sheinbaum, her Secretary of Finance Edgar Amador, and businesswoman Altagracia Gómez. It must be said, Fink's adaptability is enviable: he praised the neoliberal reforms of Luis Videgaray during Enrique Peña Nieto's term, backed the opposite course under Andrés Manuel López Obrador's government, and is now also there for Sheinbaum. At the top business organization, they said that if Sheinbaum approved her plan, it would send a signal of strength to the market and begin to show traits of undisputed leadership. Not only did the plan collapse, but it did so doubly: on top of the internal problems of the MORENA party, the market added the presidential tribulations regarding the PT and Verde parties. The lack of a political axis is emboldening the financial sector regarding its messages about the government's economic performance. This is nothing more than business. The truth is that Fink's latest public appearances bring him closer to the conceptual framework of the 4T: he expresses concern about the inequality generated by AI, defends social policies, energy sovereignty, and shows concern for the future of the 'Generation Z'. The tense climate at the Banking Convention in Cancun last month was ratified by the latest monetary policy decision from the Bank of Mexico, critical messages about the economy's direction from major banks like BBVA, and the recent controversy between Secretary of Finance Edgar Amador and former head of Banxico Guillermo Ortíz. To keep in mind: at the National Palace, they valued Amador's counterpoint to Ortíz, but the perception remained that the discussion about the real state of the national economy was won by the latter. In the financial sector, there are few doubts: the discussion exposed that Amador is very focused on poverty and unemployment data — favorable to the government — but with very little precision on when the economy can genuinely grow. The forecast that circulated in the CCE before the president's first legislative setback on her package of constitutional reforms a month ago is slowly coming true. The problem, as always, is to pay for it. On Monday and Tuesday, various banks, funds, and brokerage firms were talking about the risks looming over the 'investment grade' due to the increase in debt, which is approaching 60% of GDP. The Economist said it two weeks ago: the president's problems are not beyond her borders, but in the difficulty of leading the movement that propelled her as a ruler of immense power. They also do not like, according to analysts who requested anonymity from LPO, Amador's recent profile: more politicized, less technical, and very susceptible to any kind of observation. The same phenomenon is observed in the governor of Banxico, Victoria Rodríguez. In this context, on Tuesday, Sheinbaum received Larry Fink, the head of BlackRock, at the National Palace.
