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

Greek deflation hits record in November, at -2.9 pct
www.reuters.com

A combination of deep recession, wage cuts and substantial spare capacity in the economy have pulled prices down, prompting internal devaluation that could render the Greek economy more competitive. Price dynamics are seen keeping Greece's inflation …

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JPM's Forey: for emerging markets worst is behind us
citywire.co.uk

He said: 'Currencies of countries with big current account deficits have already had some meaningful devaluation in 2013. … It is higher than Europe, much higher than Japan and just behind the US so it is a competitive return without the leveraged …

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Watch The Dollar In 2014, But Not Because Of Bitcoin
www.forbes.com

Abe was election by a large margin and in December 2012 led the central bank to begin the competitive devaluation that is now regarded as the centerpiece of “Abenomics.” By some measures, the policies are working: since Abe's election, the yen has …

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Reserves heading below US$30 billion
www.buenosairesherald.com

The federal government's decision to boost the devaluation to make the peso more competitive has led to the drop of the Central Bank international reserves continuing throughout this week, decreasing US$417 million from US$30.900 billion on Monday to …

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An Unusual But Interesting Argument Which May Help To Understand Why QE2 …
fistfulofeuros.net

With this prospect as the background, it should not come as a surprise that talk of currency wars and competitive devaluations is rising by the day. Japan only last week threatened “resolute action” against China and South Korea, Thailand has placed a …

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Ukraine crisis spells trouble for region's struggling steelmakers
in.reuters.com

Devaluation would give competitive boost. * But financial turmoil would increase financing risks. * Russian competitors fret about Ukrainian imports. * Barriers to entry to Russia-led Customs Union. By Alessandra Prentice and Douglas Busvine. MOSCOW …

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Germany's coalition will have to break promises
www.ft.com

… been a little verbose. In its 185 pages, I counted the word “competitiveness” 42 times – Germany really does want everyone in the world to become more competitive against everyone else. ….. They have none except devalue and print. And what is …

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Is Obamacare Bad For Your Health?
www.thedailybeast.com

In fact, more stores are opening on Thanksgiving precisely because shoppers simply haven't been showing up at Walmart and its competitors the way they used to. ….. But Kennedy felt Richardson exhibited classic signs of the personality disorder that …

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Worldwide semiconductor revenue grew 5.2 percent in 2013
electroiq.com

The three Japanese vendors were hit hard by the rapid devaluation of Japanese currency. While depreciation of a currency is generally considered as a positive factor for companies to be more competitive when exporting their products, the reality is …

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