A Quote by Klaus Schwab

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

Quote Topics

Account Country Currency Current Deficit Future Going Like Looks Make Make Sense Real Sense Sometimes Terms

Quote Author

Klaus Schwab
German - Economist
Born: March 30, 1938

The United States as usual has a sizable deficit in the current account of its balance of payments, trade account and other current accounts, current account items.

Robert C. Solomon

But because we in the United States finance our current account deficit by borrowing in our own currency, we can move to a more competitive dollar without the adverse effects that followed currency declines in other countries.

Martin Feldstein

With uncertainty in oil markets, a buildup of speculative pressures and the large U.S. current account deficit, there is a real possibility that Paulson's crisis-management skills will be tested.

Lawrence Summers

Our fiat currency is under increasing stress with our large and growing trade deficits. We have a federal deficit that is calculated in the trillions when we take into account the net present value of the future Social Security and Medicaid obligations we are creating today.

George Noory

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 future for us is the foreseeable future. The South Asian, however, feels that it is perfectly realistic to think of a 'long time' in terms of thousands of years.

Edward T. Hall

What I'm most excited about is the future of human spaceflight and the fact that this is going to be the future; this is what we're going to do for the foreseeable future.

Victor J. Glover

The whole world depends on America ultimately, particularly Britain. And also, I love America - a marvelous country. But in a sense I don't worry about America because I think America has such huge strengths - particularly its freedom of thought and expression - that it's going to survive as a top nation for the foreseeable future.

Paul Johnson

U.S. capital formation, which has been pretty high in the '90s and very high in the late 1990s, is what is being financed by the savings of the rest of the world, generally poorer than ourselves, because our deficit on current account, chronic deficit, is their surplus, and they have been willingly bringing that to the American market.

Paul Samuelson

Sometimes when you get to the press conferences, you hear you're going to play this person in the semifinals, and in the quarters, you're going to play her. And I'm like, 'Hold on a second.' First of all, you have to make it there. Second, your opponent needs to make it there. It looks easier on paper than it is in real life.

Caroline Wozniacki

Sometimes you have to think about what you're going to say, in real life, so when you see that thought process going on in a movie, it feels real and looks real.

Julianne Hough

It seems as though everyone is going to the currency of celebrity. Everyone's getting their own account of whatever that currency is. That's something neat.

William Gibson

There is a future which is predictable, programmed, scheduled, foreseeable. But there is a future, l'avenir (to come) which refers to someone who comes whose arrival is totally unexpected. For me, that is the real future. That which is totally unpredictable. The Other who comes without my being able to anticipate their arrival. So if there is a real future, beyond the other known future, it is l'avenir in that it is the coming of the Other when I am completely unable to foresee their arrival.

Jacques Derrida

With the loss of the American dollar as its own currency and its devaluation, I think that people will not even be able to afford bread and milk. They're facing a real crisis in America and I think the solution is Islam.

Anjem Choudary

I had already made a decision early on that I would be a plain girl with tons of personality, and accepting it made everything a lot easier. If you are lucky, there is a moment in your life when you have some say as to what your currency is going to be. I decided early on it was not going to be my looks. I have spent a lifetime coming to terms with this idea and I would say I am about 15 to 20 percent there.Decide what your currency is early. Let go of what you will never have. People who do this are happier and sexier.