Dr. Rick C. Ernst
Coaching The Affluent To A Fulfilling Life
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Competitive Devaluation

The CBN and Nigeria's economy
businessdayonline.com

In 1995 Nigeria's inflation rate was a vertigo inducing 75 percent, while the naira which was at virtual parity with the dollar in the early eighties had tumbled to N21/ $1 by 1999, a more than 400 percent devaluation according to a Business day …

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Peso drop may aid Argentina's wine exporters
www.decanter.com

At the same time, 'the US dollar increased by about 10% per year, therefore generating a loss in competitive position which had the Argentinian wine industry in a very tight situation'. Yann Falc'hun, of Bodega Marco Zunino, agreed that the peso's …

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Learning About American Medicine From A Poignant Portrait Of A Long Island …
www.forbes.com

Perhaps some of the unhappiest physicians I've encountered (admittedly a highly competitive category) may be those working at Kaiser, who complain that it feels increasingly like “a patient mill” focused on throughput. Most Kaiser physicians I know …

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Gov't shifts stance, allows US$ for savings
www.buenosairesherald.com

“If they do not complement this week's decisions with further announcements that anchor inflation and devaluation expectations, we should expect more inflation and foreign exchange volatility,” said Ignacio Labaqui, who analyzes Argentina for New York …

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Why Nigeria's 2014 austerity budget can't be pro-jobs (2)
www.punchng.com

The irony that refuses to bother our leaders is that notwithstanding the immense wealth oil has since 1958 handed this country, with other additional competitive advantages in the world's most populous black nation, efforts to reduce the cost of …

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Weak peso brings risks to domestic economy
www.buenosairesherald.com

Despite the possibility of the measure leading to a more competitive economy, devaluation implies several risks for the domestic economy, including a higher inflation rate, which could lead to higher pay demands from trade unions in the upcoming wage …

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Ukraine Devalues Hryvnya At Risky Time
www.rferl.org

But Ash says that in offering the money, Moscow also urged Kyiv to let its currency depreciate so as to reduce the state's cost in propping it up and to make Ukrainian export products — particularly steel — more competitive. Both the International …

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UPDATE 7-Argentina surprises markets by relaxing currency controls
in.reuters.com

"If they do not complement this week's decisions with further announcements that anchor inflation and devaluation expectations, we should expect more inflation and foreign exchange volatility," said Ignacio Labaqui, who analyses Argentina for New York …

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Greece Will Likely Begin Recovery This Year: Is Austerity Working?
www.huffingtonpost.com

The austerity can only "work" (if one accepts the obscenely high human cost of it) if the massive unemployment drives down wages enough so that the economy becomes more competitive and can export its way out of the recession. The IMF projects a 20 …

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