Dr. Rick C. Ernst
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Competitive Devaluation

Lilit Gevorgyan: Bandage but no remedy
www.kyivpost.com

More specifically, this means that the president can avoid significant devaluation of the currency and sharp increase in domestic gas prices. Both measures, if … While the details of the deal are not disclosed yet, Russia is likely to aim for …

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General Mills, Inc. (GIS): General Mills' CEO Discusses F2Q 2014 Results …
seekingalpha.com

For the full year, we still expect adjusted diluted earnings per share to be in the range of $2.87 to $2.90, although devaluation of the Venezuela bolivar could likely put us at the low end of that range. With that, I will turn the microphone over to …

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Party like it's 1999
www.macrobusiness.com.au

Meanwhile, Japan will continue to scoop demand out of the rest of the world, with its Abenomics-led competitive devaluation also stealing growth from the future. …The global recovery from the financial crisis has been uneven. The US is the only major …

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365 Days of Unequal Growth
carnegieendowment.org

Japan—spurred by the economic policies of Prime Minister Shinzo Abe, which include a massive dose of quantitative easing and yen devaluation—may not maintain its recent rapid momentum, but it will still see modest growth helped by a more competitive …

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It's Full-Steam Ahead for Abenomics in 2014
www.ftseglobalmarkets.com

As the island nation reaped the rewards, finance ministers around the world cried foul, echoing Brazilian Finance Minister, Guido Mantega, who called Japan's competitive devaluation a currency war in September, 2010. However, the Group of Seven …

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U.S. Economy May Be "Only Game in Town"
online.barrons.com

Meanwhile, Japan will continue to scoop demand out of the rest of the world, with its Abenomics-led competitive devaluation also stealing growth from the future. This suggests global capital will flow to the U.S., pushing up the dollar. It is more …

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Currency War? Currency Suicide
goldnews.bullionvault.com

WHAT the media calls a "currency war", whereby nations engage in competitive currency devaluations in order to increase exports, is really "currency suicide", writes Patrick Barron, a consultant to the banking industry and lecturer in Austrian school …

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OUTLOOK 2014: Belarus struggles to avoid new crisis
www.bne.eu

The bottom line is Belarus going to need more help from its only friend, Russia, if it is to avoid devaluing the Belarusian ruble again, as it was forced to do twice in 2011. … The IMF recommends that Belarus should undertake more daring economic …

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Euro Heretics: The Left Takes on the Euro
www.huffingtonpost.com

External devaluation, the most effective solution to both the debt deflation loop and the competitiveness gap — and one favored by Lapavitsas — is of course not allowed because these countries are in a currency union. It is one they can't legally …

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