As Mexico’s biggest trading partner the United States always has a major role in the state of the Mexican economy. The United States is also partially to blame for the Peso crisis. Wall St in particular played up a ‘Mexican miracle’ helping to create a bubble, and idea that was also boosted by the US government which was making the case for the North American Free Trade Agreement at the time. [1]  We should also not be too quick to blame the economy as there is always some uncertainty in the figures; using different statistical methods you get different results. A study implies a growth rate of household income for Mexico of 4½-5½ percent per year in 1984-2006, which is substantially higher than the 2 percent implied by standard methods. [2] If this was the case then a poor economy could not be seen as much of a factor in the increase in violence and drugs trafficking.  [1] Edwards, Sebastian, ‘The Mexican Peso Crisis: How much did we know? When did we know it?’ NBER working paper series, Working paper 6334, p.4  [2] Carvalho Filho, Irineu de, and Chamon, Marcos, ‘The Myth of Post-Reform Income Stagnation: Evidence from Brazil and Mexico’, IMF working paper, (Aug. 2008), p.27.