Currency Devaluation Quotes

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Currency Devaluation Quotes

One of the dirty little secrets of the stock market rally is that the rising corporate profits that powered it are largely phantom profits. They are artifacts of currency devaluation, not an increase in efficiency or production of goods and services.
— Charles Hugh Smith —

Austerity policy without currency devaluation can only hamper economic growth.

— Lou Jiwei

Sometimes, if a country's currency is overvalued in real terms, and it looks like the current account is going to be in deficit for the foreseeable future, devaluation can make sense.

— Klaus Schwab

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