Dr. Rick C. Ernst
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Competitive Devaluation

ECB's plans to buy rebundled debt draw criticism from Germany
uk.reuters.com

He also warned against devaluing the euro: "A policy which tries to deliberately weaken the currency would also provoke counter reactions. There can ultimately only be losers in such competitive devaluation," he said. ECB President Mario Draghi said …

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Why the dollar rally could continue
finance.yahoo.com

Forbes says the devaluation of the dollar is responsible for the weak recovery, lingering long term unemployment and high food and fuel prices. In order to survive the destruction of the dollar, Forbes says investors should consider owning gold, index …

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'All for one, one for all'
finchannel.com

And Germany, having suffered years of currency appreciation against European rivals, no longer had to worry about exchange-rate induced competitive losses. However, the additional revenues from its booming exports were invested in the bonds of Europe's …

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Dandelion is a Venerable But Flawed Tradition
www.lawweekly.org

The annual Dandelion parade has come to suffer from a degree of predictability that is only rivaled by the ironclad rule that burnout 3Ls will treat Feb Club as an opportunity to rob the cradle, so to speak, and punch far above their weight by bagging …

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Pacific Ethanol: Updated Outlook After Brazilian Ethanol Tax Credit (PEIX)
seekingalpha.com

Brazil President Dilma Rousseff indicated that the purpose of this move is to decrease the price of Brazilian ethanol compared to international competitors and to "pay" for any future devaluation of the Brazilian real compared to other currencies. As a …

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Russia turning into late USSR?
english.pravda.ru

Economic setback, higher inflation, capital flight, devaluation, restriction of foreign finance, embargo on technology supplies, capital cost growth – all of these problems that Russia has recently face were discussed at "Russia Calling" forum. During …

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Is Barcelona Midfielder Xavi Hernandez On His Way To Old Trafford?
www.inquisitr.com

Barcelona may elect to sell Xavi in January before any devaluation in his market value. Xavi has only … Xavi Hernandez is one of the most successful players in Champion's League history, winning the prestigious club competition in 2006, 2009 and 2011.

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Draghi does nothing to discourage euro weakness
www.ifre.com

If and when Draghi starts to quote from the G20 script on exchange rates – “avoid persistent exchange rate misalignments and refrain from competitive devaluation of currencies” – then we can assume the ECB does not see further EUR weakness as an …

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LATAM Airlines Group plans an international push as it continues to leverage …
centreforaviation.com

LATAM is increasing frequency to North America and adding service to Europe even as it has cited some pressure in those markets during the last year. But the company appears wisely to be selecting markets that are largely shielded from competition that …

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