Dr. Rick C. Ernst
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Competitive Devaluation

Mothercare Stems Rate Of Decline In UK Sales As Total Sales Rise
www.lse.co.uk

The mother and baby product retailer has been struggling in the UK for several years as a result of the economic downturn and due to increased competition from online competitors. It has been restructuring in the UK, closing down … Internationally …

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US Economic Spring Is No False Dawn
online.barrons.com

By 2005-07 the U.S, was already 5% below its long-run average, but it is now 20% below, and highly competitive, indeed probably undervalued. The external driver of the debt crisis – savings-glut countries pumping up US debt via undervalued currencies …

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Finning Provides Preliminary Q1, 2014 Revenue Figures
www.einnews.com

… 2014, the first quarter results in Canada will be negatively impacted by the weakening of the Canadian dollar and the results from our South American operations will be affected by the Argentine peso devaluation, which will increase the effective …

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Ukraine wins first Egypt wheat order in 3 months
www.agrimoney.com

The Ukrainian wheat was actually the cheapest offered to Gasc this time, at $286.85 a tonne excluding freight, cheaper than Russian supplies, and even below US grain, which has proved itself competitive for much of the season if the higher shipping …

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RPT-Fitch: Rating Implications of Scottish Independence on the UK
www.reuters.com

These risks range from competitive devaluation and exchange rate risk on Scottish exposures to fiscal contingent liabilities, depending on the monetary regime. The banking system could swell in the UK if some Scottish institutions relocate their …

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Herbalife Issues Statement
online.wsj.com

… the competitive nature of our business; — regulatory matters governing our products, including potential governmental or regulatory actions concerning the safety or efficacy of our products and network marketing program, including the direct …

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Greece has made an impressive comeback but it still faces huge challenges
blogs.telegraph.co.uk

Athens has had some success in reforming the economy – the civil service has been shrunk and reformed and starting a business is now much easier – but it has a very long way to go before it can become reasonably competitive within the Eurozone. The …

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Economic Stagnation and the Stagnation of Economics
www.counterpunch.org

Separately, the idea is again being put forward that currency devaluation would make U.S. manufacturing more competitive by lowering the cost of U.S. exports overseas and raising the cost of goods imported into the U.S. There is also likely a bit of …

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A. Schulman Inc.: A. Schulman Reports Strong Fiscal 2014 Second Quarter
www.twst.com

Driven primarily by the devaluation of the Argentine peso, foreign currency translation negatively impacted net sales by $4.4 million. Gross profit for the Americas was $21.2 million in the quarter, an increase of $2.5 million compared with …

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