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Peter Beller

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  • What's Next For Egypt's Economy After A Currency Devaluation? [View article]
    My takeaway from that chart is that countries that need to devalue, should! Look at how rapidly GDP growth rebounds following the devaluations in the chart above. It reminds me of nothing other than the GDP pattern that follows a brief, but sharp, recession. In other words, it's a healthy part of an economy trying to balance itself out. As for the citizens' whose life savings are wiped out by these political acts, devaluation obviously hits the poorest hardest, since they are least able to diversify their assets away from the local currency.
    May 8 12:55 AM | Likes Like |Link to Comment
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