Dr. Rick C. Ernst
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Competitive Devaluation

US faces danger if Fed fails to fulfill global role
www.ecns.cn

Rather than see the 30 percent euro appreciation that would follow from the European Central Bank's current monetary policy, German exporters would scream for measures to prevent America's "competitive devaluation," finally bringing about moderate …

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France: A last tango to economic disaster
www.panorama.am

As members of the euro, France has no safety valve to recalibrate economically through currency devaluation. A lame duck … Argentina is now deemed an 'emerging market' thanks to its self-imposed isolation from the competitive world economy. Both …

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How Will Japan's New Fiscal Policy Impact Its Assets?
www.fool.com

The reduction in corporate tax alone will save Toyota money. In addition, the devaluation of the yen should boost exports. When Japan's currency was much stronger circa 2012, it was a lot harder for the company to remain competitive domestically and …

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China agrees to reduce FX intervention 'as conditions permit'
news.yahoo.com

Statements issued by both governments at the end of Thursday said policymakers on both sides agreed to avoid "competitive devaluation" of their currencies under a broader G20 deal. The ninth-most traded currency in the world, the yuan is kept on a …

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UK manufacturing: Between a rock and hard place?
www.birminghampost.co.uk

Manufacturing output in the UK saw a surprise fall of 1.3% in May, the biggest decline since January 2013, according to recent figures from the Office for National Statistics. This left much head scratching as manufacturing data and surveys so far this …

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Fugro Plunges After Company Announces Devaluation of Its Assets
www.businessweek.com

“Fugro operates in a world in which the competitive arena but especially the clients behavior has changed dramatically over the last couple of months,” said Mulder, who has a hold recommendation on Fugro. The write-down will have no impact on earnings …

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Ruble Devaluation May Save Russian Car Production
www.themoscowtimes.com

"If production is not localized, this will inevitably either put pressure on costs or will force the producers to increase prices, which will make them less competitive," Bespalov said. The devaluation has also, of course, had its negative impact …

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The pound, the euro or the groat?
www.forres-gazette.co.uk

There are many reasons for that, but the main one is the inability of the weaker countries to use monetary policies to counter the competitive strengths of the likes of Germany. In the old days, devaluation of the local currency was often used to do …

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America is world's central bank
www.bdlive.co.za

Rather than see the 30% euro appreciation that would follow from the European Central Bank's current monetary policy, German exporters would scream for measures to prevent US "competitive devaluation", finally bringing about moderate inflation in the …

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