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

Detroit congressman asks Fed chief if Japanese currency policy is hurting US
www.mlive.com

DETROIT, MI — With U.S. automakers fuming over Japan's inclusion in trans-Pacific free trade talks, a congressman from the Detroit area on Wednesday questioned Federal Reserve Chairman Ben Bernanke on the effects of Japanese currency devaluation …

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G-20 aims to curb policy uncertainty: report
www.marketwatch.com

… "where appropriate" and "calibrating the pace of fiscal consolidation to demand conditions where conditions allow and provided concerns about medium-term fiscal sustainability are addressed." The leaders agreed to refrain from competitive devaluation.

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The economics of poverty
opinion.inquirer.net

While the cost of gasoline and other oil products is rising because of the depreciation of the peso, Socioeconomic Planning Secretary Arsenio Balicasan was reported as saying: “I wouldn't want to see the peso appreciate to 37 or 38 [to the dollar], or …

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Columbia Commercial Bancorp Reports Second Quarter 2013 Results
www.marketwire.com

Mr. Ekblad states, "While the Bank continues to experience lower loan yields due to scheduled repricings and competitive factors, we are pleased that we have been able to offset these pressures by reducing non-performing assets, improving our asset mix …

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The viability of agri income tax
www.brecorder.com

Abeynomics (after its elected PM) in Japan found an answer to falling exports but willing devaluation and the method that they followed was to print money in excess so that the yen-dollar equation was resorted to such a level that they could start …

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TEXT-Final draft of G20 finance ministers communique
www.reuters.com

We will refrain from competitive devaluation and will not target our exchange rates for competitive purposes. We will resist all forms of protectionism and keep our markets open. Large surplus economies should consider taking further steps to boost …

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G20 text strengthens commitment to flexible forex
www.reuters.com

"We will refrain from competitive devaluation and will not target our exchange rates for competitive purposes," the revised wording, to be reviewed by finance ministers and central bankers at dinner, said. Revised passages also recognised the support …

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G20 to target tax loopholes used by big companies
www.rte.ie

We will refrain from competitive devaluation and will not target our exchange rates for competitive purposes. We will resist all forms of protectionism and keep our markets open. Large surplus economies should consider taking further steps to boost …

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Listed investments are likely to continue their upward trajectory
www.iol.co.za

“So while the recent rand devaluation may have prompted a small amount of local listed property disinvestment, the fact that it fell so fast but hasn't continued on that trajectory means most investors will probably have elected to sit tight for now …

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