Dr. Rick C. Ernst
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Competitive Devaluation

Monthly Archives: May 2013
www.cuopm.com

… confidence in the Eastern Caribbean Central Bank's handling of the dollar. In a recently published report, Moody's said currency devaluation and dissolution of the Eastern Caribbean Currency Union (ECCU) could enhance the region's competitiveness.

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Greeks and Cypriots have gone through incredible pains to improve their …
www.balkans.com

The Greeks and Cypriots have gone through incredible pains to improve their competitive position through wage and price cuts. The recovery in tourism is one of the few bright spots in their still depressed economies. The devaluation of the Turkish lira …

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Silgan Holdings Inc. (SLGN) news: Silgan Holdings Management Discusses Q4 …
seekingalpha.com

While 2013 presented several challenges, we believe that in addition to the improved financial performance, we have further positioned the company for continued success in our market by continuing to enhance our sustainable competitive advantages …

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Ron Paul, Bitcoins & Foreign Currencies
www.lawfuel.com

At the same time, larger institutions like Russia's Sberbank are thinking of issuing their own competitive currencies. Britain's Royal … After a devaluation in 1933, the dollar's value was 1/35th of an ounce of gold, which continued until 1971. The U …

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For a fistful of dollars
www.buenosairesherald.com

With the devaluation of the peso and the relaxation of the stringent currency exchange controls Capitanich and Kicillof are letting off some steam. The weaker peso is designed to make the economy more competitive again and putting dollars into the …

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Ford boosts 2013 profits, reduces Europe loss
www.just-auto.com

This outlook reflects improved profitability in Brazil and Argentina, offset by deterioration in Venezuela, including very low levels of production and a planning assumption that a major devaluation with a $350m profit effect will occur in the first …

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Peso in Argentina Plunges
www.watchlistnews.com

Devaluation can cause exports to become much cheaper and make them become more competitive around the globe, but the opposite with imports, as they become more expensive and that helps to drive inflation up. The move on the currency was a shift in …

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Capitalism as a Secularized Religion
www.indybay.org

Finally, the pope recognizes in capitalism an ideological competitive arrangement, a religiously established fetish system, a cultic idolatry around the fetishized and boundless exploitation movement of money as capital animated with its own life …

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Ford Posts Full Year 2013 Pre-Tax Profit of $8.6 Billion, One of the Company's …
online.wsj.com

Ford expects net pricing in 2014 to be slightly unfavorable as it runs out the outgoing models and assumes a continuation of a more competitive pricing environment for small and medium cars and utilities due to the weaker yen. Ford also … This …

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