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Competitive devaluation?

  • Posted by Karl Deeter on 23 June 2010 - Leave a Comment - Printer Friendly Version

    • Anybody who follows the well known finance blog Credit Writedowns will know that one of the trends coming about (according to author Ed Harrison) is that we are going to see a competitive devaluation, where USD and Euro purposely look to go lower, the other alternative is that the Chinese opt to float their currency and allow some appreciation. This is happening right now, it is no coincidence that the Yuan is going to see some rule loosening, it is that or face the alternative which is a move by USD as low as it can go to re-establish equilibrium between the surplus/deficit nations.

    While competitive devaluation is not the subject, it is touched on by several different facets of the conversation, well worth viewing.

    Filed under: Mortgage rates, economics, mortgage brokers, mortgages - [Trackback] - Top Of Page

    2 Responses to “Competitive devaluation?”

    1. Twitter Trackbacks for Irish Mortgage Brokers | Mortgage Brokers Dublin [mortgagebrokers.ie] on Topsy.com Says:
      June 23rd, 2010 at 10:53 pm

      [...] Irish Mortgage Brokers | Mortgage Brokers Dublin mortgagebrokers.ie/blog/index.php/2010/06/23/competitive-devaluation/ – view page – cached Mortgage Brokers Dublin Tweets about this link Topsy.Data.Twitter.User['edwardnh'] = {”photo”:”http://a1.twimg.com/profile_images/78396068/CRW_0502_normal.JPG”,”url”:”http://twitter.com/edwardnh”,”nick”:”edwardnh”}; edwardnhHighly Influential: “Where are you on competitive currency devaluations? http://bit.ly/9Wk4Fx via @karldeeter ” 15 minutes ago retweet Topsy.Data.Twitter.User['karldeeter'] = {”photo”:”http://a3.twimg.com/profile_images/125457749/karl_deeter_normal.jpg”,”url”:”http://twitter.com/karldeeter”,”nick”:”karldeeter”}; karldeeter: “@edwardnh allusion to the competitive devaluation in this #kudlow clip http://bit.ly/d7nAk1 ” 2 hours ago retweet Filter tweets [...]

    2. On Fiscal Consolidation And Currency Devaluation At The G-20 And Other Links | Credit Writedowns Says:
      June 24th, 2010 at 7:23 pm

      [...] Irish Mortgage Brokers | Competitive devaluation? [...]

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