Dr. Rick C. Ernst
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Competitive Devaluation

Sinn: EZ 'Kicking Ball Down the Road' Without Econ Adjustments
mninews.deutsche-boerse.com

… of "dismal options" for the euro area to muddle through its predicament, comprising: debt forgiveness; deflation in the periphery; 'reflation' in the core; and allowing members to temporarily exit the union to devalue and return at a more …

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Time for the country to get real on economy's problems
www.theaustralian.com.au

At a critical time it has recognised the multiple challenges to Australia's international competitiveness and future prosperity. It sees the urgent need for reform and in its action plan for Australia's futureoutlines a strategy to deliver, through …

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Financial markets everywhere are in a tizzy
www.fxstreet.com

Those who remember the pre-EMU days should be breathing a sigh of relief—in the old days, by now we would have had competitive devaluations and probably a na-tionalization or two. But realistically, the best new methods are just the bad old methods …

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US Tsy Sec Lew: Nations Must Refrain From Competitive Devaln
mninews.deutsche-boerse.com

(MNI) – U.S. Treasury Secretary Jacob Lew called on other nations to refrain from "competitive devaluation" of their currencies Friday following a meeting of the Group of 20 finance ministers and central bankers. G20 nations should not "target" their …

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FT's Plender: Currency War Will Have 'Profound' Impact on Investors
www.moneynews.com

"Competitive devaluations are back in fashion — expect more currency-war rhetoric in the months ahead," he writes. "The implications for investors will be profound, as more countries engage in a 1930s-style zero-sum game to win a bigger share of …

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Farmers' fury and threaten a blockade at Iceland's 89p milk
www.dailymail.co.uk

This continual devaluation of milk is a real concern to our industry. 'It is rather rash and stupid to do this when lots of dairy farmers are suffering with low … changed the price we pay for our milk, only the price we charge to our customers. 'We …

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Raheem Sterling: why England's tired striker might be suffering from burnout
www.theguardian.com

… with individuals perceiving that they are not achieving what they should achieve and that they are falling short. The third symptom is devaluation, when athletes become more cynical and have an increasingly negative attitude towards the sport …

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Jack Wilshere shone in England's diamond but B-listers offer little test
www.theguardian.com

And yet for all the slightly apologetic sense of perspective, and indeed the basic devaluation of this stage of competition by Uefa's dunder-headed expansion plans, it would also be wrong to allow the best parts of England's third successive Euro 2016 …

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Fed Officials Warn Slowing World Growth Could Delay Rate Rises
www.msn.com

… of July, U.S. Treasury Secretary Jacob J. Lew used the IMF meetings to remind his international counterparts to “avoid persistent exchange-rate misalignments, refrain from competitive devaluation, and not target exchange rates for competitive …

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