It desperately needs a detox program that
includes currency devaluation, an effective (if painful) cure used by many countries addicted to debt financing.
Not exact matches
Most investors,
including myself, buy physical gold not to make a profit, but to hedge against inflation, stock market crashes,
currency devaluation, and all other sorts of financial crises.
Rest of World net sales were $ 798 million, down 15.6 percent versus pro forma net sales for the year - ago period, due to a negative 26.0 percentage point impact from
currency,
including a negative 17.0 percentage point impact from the
devaluation of the Venezuelan bolivar in June 2015.
Adjusted EBITDA is defined as net income / (loss) from continuing operations before interest expense, other expense / (income), net, provision for / (benefit from) income taxes; in addition to these adjustments, the Company excludes, when they occur, the impacts of depreciation and amortization (excluding integration and restructuring expenses)(
including amortization of postretirement benefit plans prior service credits), integration and restructuring expenses, merger costs, unrealized losses / (gains) on commodity hedges, impairment losses, losses / (gains) on the sale of a business, nonmonetary
currency devaluation (e.g., remeasurement gains and losses), and equity award compensation expense (excluding integration and restructuring expenses).
Adjusted EPS is defined as diluted earnings per share excluding, when they occur, the impacts of integration and restructuring expenses, merger costs, unrealized losses / (gains) on commodity hedges, impairment losses, losses / (gains) on the sale of a business, and nonmonetary
currency devaluation (e.g., remeasurement gains and losses), and
including when they occur, adjustments to reflect preferred stock dividend payments on an accrual basis.
Adjusted EPS is defined as diluted earnings per share excluding, when they occur, the impacts of integration and restructuring expenses, merger costs, unrealized losses / (gains) on commodity hedges, impairment losses, losses / (gains) on the sale of a business, nonmonetary
currency devaluation (e.g., remeasurement gains and losses), and U.S. Tax Reform, and
including when they occur, adjustments to reflect preferred stock dividend payments on an accrual basis.
Over the past five years, the economy has been through a number of shocks,
including the eurozone crisis, the fiscal cliff, China's surprise
currency devaluation in the summer of 2015, and the shale oil bust.
When I wrote an article detailing the best reason to own physical gold and silver in coming years, and in that article, detailed recent strong
devaluations of global fiat
currencies,
including the crash of the Russian ruble in recent times, someone sent us an email, in response to that article, that effectively stated, «I'm Russian, and the ruble never crashed, you idiot.»
They
include a global risk - off shock, a drop in U.S. Treasury yields (and rebound in the yen), a China slowdown or
currency devaluation — and widespread bullish broker sentiment.
That century
included global war, double - digit inflation, deflation, booming prosperity, recession and depression,
currency devaluation, sovereign defaults, high interest rates, low interest rates, asset bubbles, terrorist attacks and disco.
Bitcoin and ether prices both climbed during the first half of this year, as a number of factors -
including rising adoption, yuan
devaluation, the «Brexit» and anticipation surrounding the halving of bitcoin's mining reward - helped the two digital
currencies rise in value.