With crude oil prices soaring and China investing in new export capacity at a breakneck pace, the trade deficit will continue to pull down U.S. growth. Without a devaluation of the dollar against the Chinese yuan, U.S. growth will slow significantly in the second half of this year.
Quotes about devaluation (13 Quotes)
The rumor that China will devalue carries little basis in truth (for now). It seems to be largely a by-product of the devaluation of the Brazilian real.
A good example is Mexico in the mid 90's. It tried to do a moderate devaluation, but the market didn't accept it. It lost control of the currency, there was a dramatic devaluation, and a subsequent recession -- even a depression in Mexico.
I think the biggest thing to scare Hong Kong was the devaluation of Taiwan. This is a country with substantial foreign exchange reserves. That's what sparked the fall in Hong Kong.
The 1999 figures came in at the higher end of expectations. The impact of the devaluation had not been as traumatic as had been feared. This is a clear sign of the economy's steady recovery.
Given the devaluation of literature and of the study of foreign languages per se in the United States, as well as the preponderance of theory over text in graduate literature studies, creative writing programs keep literature courses populated.
The greatest threat facing America today is the disastrous fiscal policies of our own government, marked by shameless deficit spending and Federal Reserve currency devaluation. It is this one-two punch-- Congress spending more than it can tax or borrow, and the Fed printing money to make up the difference-- that threatens to impoverish us by further destroying the value of our dollars.
Many of our banks have lent money to Brazil, and some of those loans may not look so good today after the devaluation as they did before. so banks will be hurt, or some banks will be hurt and the stockholders in those banks will be hurt.
I think what's very disturbing about the present crisis is that there are a number of things going on at the same time, all of which aren't very good. We've got the Japanese yen going to eight-year lows, we've got talk about devaluation in China, we've got Hong Kong coming under attack and we've got a number of other Asian economies just showing incredible signs of weakness.
A route differs from a road not only because it is solely intended for vehicles, but also because it is merely a line that connects one point with another. A route has no meaning in itself its meaning derives entirely from the two points that it connects. A road is a tribute to space. Every stretch of road has meaning in itself and invites us to stop. A route is the triumphant devaluation of space, which thanks to it has been reduced to a mere obstacle to human movement and a waste of time.
Weak currencies tend to signal weak economies. Brazil did not want to devalue, it fought off devaluation for a long time. Nonetheless the economic fundamentals forced them to devalue against their wishes.
There will be no devaluation -- that's firm and definite, ... I'm not simply fantasizing. Everything has been calculated. Every day, work is done to control the situation in this area.
There is a real risk of devaluation in Venezuela. We've seen significant outflows from Brazil. ... So I think, from the Latin America side, it's still a month of caution and concern.