Devaluation Quotes

You then get into a period a few years ago, where a lot of external factors that we didn't have anything to do with did hit, and some of them at the same time... devaluations, weak economies, you name it, in various parts of the world. - Jim Cantalupo

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. - Peter Morici

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. - Brian Wesbury

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. - Boris Yeltsin

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. - Dan McGovern

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. - Anthony Crescenzi

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. - Ron Paul

The data is important, but it will take a back seat to concerns about currency devaluations and recessions. - Alan Ackerman

The Chinese devaluation would be devastating to the equity markets, and it would be good for bonds... But that is not a credible fear right now. The inflation that would come from devaluation would cause social instability. - Anthony Crescenzi

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. - Marcelo Borges