Dr. Rick C. Ernst
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Competitive Devaluation

Ethiopia: The Devaluation of the Birr: A Layman's Guide
nazret.com

… of the multitude and important conditions for devaluation to be effective is for Ethiopia's trading partners not to resort to devalue their own currencies (that is, for them to refrain from a currency war known as competitive devaluation– a "beggar …

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Aeromexico trades domestic & international market share gains for lower yields …
centreforaviation.com

The group has adjusted domestic capacity, which was up by less than 3% in 2Q2014, but competitors continued to pursue aggressive domestic expansion. Despite the relatively disappointing results Aeromexico has been consistently profitable over the past …

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The Western Union's (WU) CEO Hikmet Ersek on Q2 2014 Results – Earnings …
seekingalpha.com

The differential between the reported and constant currency rates was primarily due to the devaluation of the Argentine peso. On a constant ….. We've heard some discussion in the industry around more competition for exclusivity around the agents. So …

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Delta retiring four 747s as Pacific restructuring continues
www.flightglobal.com

Delta has felt pressure on its Pacific routes due to the continuing impact of the Japanese yen devaluation and competitive capacity in the market. Passenger unit revenue fell 3.2% on a 0.7% increase in capacity in the second quarter. The carrier has …

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The Procter & Gamble's (PG) CEO AG Lafley on Q4 2014 Results – Earnings Call …
seekingalpha.com

In fact, they were both within the pre-Venezuela devaluation ranges that we established going into the fiscal year despite more than a 25% reduction in market growth rates from 4 points a year ago to 2.5 points to 3 points currently and significant …

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Resolute Forest Products' (RFP) Q2 2014 Results – Earnings Call Transcript (RFP)
seekingalpha.com

This is Resolute's business model, our competitive advantage rest on our cost-focus strategy and diversified asset base which together provide us the tool to maximize earnings power in this challenging industry. Let's review the … We've seen recently …

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The Clorox Company's (CLX) CEO Donald Knauss on Q2 2014 Results …
seekingalpha.com

Looking ahead for the overall Cleaning segment we continue to expect heightened competitive pressures, which we are aggressively responding to with increased investments to drive brand and category growth. In our Household segment, …. As we mentioned …

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Pamp;G Tops Q4 Earnings on Lower Costs, Lags Sales; Gives View
www.zacks.com

… diapers, under the leadership of the new CEO A.G. Lafley is investing selectively in the most profitable businesses, making focused investments in innovation and go-to-market capabilities, accelerating cost savings and improving productivity in …

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Stagflation Is, Always and Everwhere, a Keynesian Phenomenon
www.valuewalk.com

Rather than maintain stable prices by slowing the growth rate of the money supply and raising interest rates, the U.S. Federal Reserve fatefully facilitated the dollar's general devaluation with negative real interest rates. While it took several years …

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