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

No devaluation pledge lost on peso bondholders
www.buenosairesherald.com

Argentina is allowing the peso's decline to accelerate as inflation makes exports less competitive and the government tries to combat speculators demanding 60 percent more in local currency for every dollar in the illegal currency market, according to …

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INFOGRAPHIC: Which currency can get to the bottom fastest?
www.mining.com

Devaluing currencies should help an economy become more competitive as the price for its exports fall, but the effect is muted. "While currency devaluation has reduced the relative cost of exports in these countries, it has done little to boost …

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Embrace Volatility for Rest of 2013
www.chinavestor.com

The Nikkei is on fire ever since Japan's plans to enter into a competitive devaluation of its currency started this year. The US dollar strengthened 24.17% against the Yen so far this year while the Nikkei soared twice as much, 51.8% at the same time …

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Spanish wages depressed amid eurozone crisis
www.guardian.co.uk

Falling wages are seen as good news by prime minister Mariano Rajoy's conservative People's party government, which believes wage devaluation is one of the few options left to Spain now it is part of the euro and can no longer devalue its own currency …

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Greek gas firm privatisation fails in setback to bailout
uk.reuters.com

Data also showed the recession pushing consumer prices down for a third straight month in May, in a sign that an internal devaluation is making the economy more competitive. Still, industrial output fell by 1.8 percent in April. Greece is in its sixth …

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China's currency nears equilibrium
english.peopledaily.com.cn

"By not resorting to competitive devaluation, China is also sending a signal that it will steer away from low-end industries in the future, and thus overseas and domestic capital will choose to invest more in high-end industries," according to Li. Cao …

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I'll skip Dr King's class – History is a better teacher
jamaica-gleaner.com

Truthfully, I hate wasting time in what appears to be 'competitive' reasoning with my colleagues. There is no trophy or cup to be won here, and it is not my intention to play one-upmanship while the nation is waiting to get … In several columns, I …

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British investors bet on Japan's recovery plan
www.globalpost.com

Some say Japan's efforts to weaken the yen will hurt other Asian markets and could spark competitive devaluation elsewhere. "Beware currency wars," said Lee Robertson, chief executive of Investment Quorum. Average equity exposure in British asset …

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UPDATE 1-Germany's SGL Carbon lowers FY profit guidance
www.reuters.com

"Additionally, in particular over the last weeks, competitive pressure from Asia has significantly increased, intensified by the devaluation of the Japanese yen," it said. An anticipated business recovery will not occur either in the second quarter or …

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