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Politics / Re: Are We Forgeting About Nnamdi Kanu Already? (photos) by ladensmith(m): 9:23am On Nov 01, 2017 |
n |
Crime / Re: Married 'Lovers' Who Were Found Dead In A Car In Lagos (More Photos) by ladensmith(m): 9:16am On Nov 01, 2017 |
Fillah86:is magun contagious by diffusion... you must cheat before you can contact magun... However, they did it in the car. |
Sports / Re: Only Chelsea Cut My N25m....no One Should Call Me Chelsea Fan Again! by ladensmith(m): 11:27pm On Oct 31, 2017 |
jstar376:upload the screenshot of the ticket.... 1 Like |
Romance / Re: Kenyan Man Shares Photo Of His Wife After Sex And Kenyans Come For Them by ladensmith(m): 10:49pm On Oct 31, 2017 |
QueenSekxy:it should be like this: some women have lost sanity....cos she be mumu to allow her man snap such things. |
Crime / Re: Lady Robbed & Stabbed Multiple Times While Driving Along Apongbon, Lagos by ladensmith(m): 8:24pm On Oct 30, 2017 |
MrMicholo:that isnt robbery anymore but molestation, insult,assault,felony and attempted rape.... now calculate the number of years u will be spending behind bars with if you are apprehended... Try to be professional... |
Career / Re: My Former Employer Is About To Cheat Me, Please Help by ladensmith(m): 8:05pm On Oct 30, 2017 |
joeaz58:The charm might or never work because "The boss is a she" |
Religion / Re: "My Gateman Of 10 Years Died In Cotonou 20 Years Ago" - Lady Says On Twitter by ladensmith(m): 3:54pm On Oct 30, 2017 |
Preetiex:how many have you seen? |
Politics / Re: "I Now Look Like 60-Year-Old Man While I Am 40, Nigeria Frustrated Me" (Video) by ladensmith(m): 4:41pm On Oct 29, 2017 |
Yameater:visit the nearest bank to cash out. |
Forum Games / Re: 12 riddles Only A true Genius Can Solve by ladensmith(m): 2:25pm On Oct 29, 2017 |
ChuksDaVinci:Iran. 1 Like |
Religion / Re: Is It Only Africans That Believe In The Existence Of Ghosts And Witches? by ladensmith(m): 2:08pm On Oct 29, 2017 |
EWAagoyin:There is something like witchcraft but your assertion about killing a fish in osun river is false.... i stay in Oshogbo, i did some naughty things when i was a kid. 1 Like |
Crime / Re: 3 Arrested For Raping And Having Two Rounds Of Sex Each With A 14 Yr Old girl by ladensmith(m): 7:14pm On Oct 27, 2017 |
Itzurboi:they should be from edo state |
Culture / Re: Igbos Of Bioko, Equatorial Guinea - A Forgotten Minority Tribe by ladensmith(m): 8:59pm On Oct 18, 2017 |
bigfrancis21:i commend you for this beautiful research... The assertion that igbo are from Israel is right. |
Travel / Re: Passenger Bus Falls Into Sinkhole As Calabar/Ikom Highway Divides Into Two. PICS by ladensmith(m): 8:10pm On Oct 18, 2017 |
donblade85555:with due respect sir.... you need to see a psychiatrist... |
Romance / Re: What A Guy Wrote On Facebook About Fornication. by ladensmith(m): 10:04am On Oct 18, 2017 |
Crime / Re: SARS Officers Who Sexually Harassed Lady, Tag Her A “yahoo Girl”, Arrested by ladensmith(m): 10:02am On Oct 18, 2017 |
Finstar:i can help you with that.... where do u stay bro. |
Crime / Re: SARS Officers Who Sexually Harassed Lady, Tag Her A “yahoo Girl”, Arrested by ladensmith(m): 9:57am On Oct 18, 2017 |
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Business / 3 Reasons Why Countries Devalue Their Currency by ladensmith(m): 9:44am On Oct 16, 2017 |
Ever since world currencies abandoned the gold standard and allowed their exchange rates to float freely against each other, there have been many currency devaluation events that have hurt not only the citizens of the country involved, but have also rippled across the globe. If the fallout can be so widespread, why do countries devalue their currency? To Boost Exports On a world market, goods from one country must compete with those from all other countries. Car makers in America must compete with car makers in Europe and Japan. If the value of the euro decreases against the dollar, the price of the cars sold by European manufacturers in America, in dollars, will be effectively less expensive than they were before. On the other hand, a more valuable currency make exports relatively more expensive for purchase in foreign markets. (See also: Interesting Facts About Imports and Exports .) In other words, exporters become more competitive in a global market. Exports are encouraged while imports are discouraged. There should be some caution, however, for two reasons. First, as the demand for a country's exported goods increases worldwide, the price will begin to rise, normalizing the initial effect of the devaluation. The second is that as other countries see this effect at work, they will be incentivized to devalue their own currencies in kind in a so-called "race to the bottom." This can lead to tit for tat currency wars and lead to unchecked inflation . To Shrink Trade Deficits Exports will increase and imports will decrease due to exports becoming cheaper and imports more expensive. This favors an improved balance of payments as exports increase and imports decrease, shrinking trade deficits . Persistent deficits are not uncommon today, with the United States and many other nations running persistent imbalances year after year. Economic theory, however, states that ongoing deficits are unsustainable in the long run and can lead to dangerous levels of debt which can cripple an economy. Devaluing the home currency can help correct balance of payments and reduce these deficits. (See also: Current Account Deficits: Government Investment Or Irresponsibility? ) There is a potential downside to this rationale, however. Devaluation also increases the debt burden of foreign-denominated loans when priced in the home currency. This is a big problem for a developing country like India or Argentina which hold lots of dollar- and euro-denominated debt. These foreign debts become more difficult to service, reducing confidence among the people in their domestic currency. To Reduce Sovereign Debt Burdens A government may be incentivized to encourage a weak currency policy if it has a lot of government issued sovereign debt to service on a regular basis. If debt payments are fixed, a weaker currency makes these payments effectively less expensive over time. Take for example a government who has to pay $1 million each month in interest payments on its outstanding debts. But if that same $1 million of notional payments becomes less valuable, it will be easier to cover that interest. In our example, if the domestic currency is devalued to half of its initial value, the $1 million debt payment will only be worth $500,000 now. Again, this tactic should be used with caution. As most countries around the globe have some debt outstanding in one form or another, a race to the bottom currency war could be initiated. This tactic will also fail if the country in question holds a large amount of foreign bonds since it will make those interest payments relatively more costly. The Bottom Line Currency devaluations can be used by countries to achieve economic policy. Having a weaker currency relative to the rest of the world can help boost exports, shrink trade deficits and reduce the cost of interest payments on its outstanding government debts. There are, however, some negative effects of devaluations. They create uncertainty in global markets that can cause asset markets to fall or spur recessions . Countries might be tempted to enter a tit for tat currency war, devaluing their own currency back and forth in a race to the bottom. This can be a very dangerous and vicious cycle leading to much more harm than good. |
Nairaland / General / Re: What's The Most Traumatic And Scariest Event You Have Ever Witnessed? by ladensmith(m): 11:53pm On Oct 02, 2017 |
Worksunlimited:And are u sure, u were never a cultist i didn't meant to vo disrespectful, just asking. |
Nairaland / General / Re: What's The Most Traumatic And Scariest Event You Have Ever Witnessed? by ladensmith(m): 11:28pm On Oct 02, 2017 |
PissedOffWeed:and u expect us to believe this |
Education / Re: Dauda Mohammed Is Dead (NANS Former President) by ladensmith(m): 9:10am On Oct 02, 2017 |
RIP baba |
Foreign Affairs / Re: British Armed Forces Launch Mission To Kill Or Capture Osama Bin Laden’s Son by ladensmith(m): 7:39am On Oct 02, 2017 |
x |
Politics / Re: Like Biafra Like Catalan - By Richard Murphy by ladensmith(m): 7:33am On Oct 02, 2017 |
, |
Celebrities / Re: TSTV Finally Launch Its Services In Nigeria - See Photos & Video - Live by ladensmith(m): 10:08pm On Oct 01, 2017 |
tstv i just hope they deliver.... Hope their services won't be like that of our first indigenous telecom network |
Career / Re: What Profitable Skills Can I Learn? by ladensmith(m): 9:53pm On Oct 01, 2017 |
bros...
is there any vacancy in your firm |
Islam for Muslims / Re: Ashura Day 2017: Shia Slash Themselves (Viewers Discretion Advised) by ladensmith(m): 9:41pm On Oct 01, 2017 |
Their ideology,their concern Thank Allah i wasnt born into their midst.... Mohammed(s.a.w) i know, ashura i dont. For those who wish to know little about ashura should read this: Ashura is a Muslim religious celebration that falls on the tenth day of Muharram (the first month of the Islamic year) in the Islamic calendar. This year, Ashura began on the evening of Friday, September 29, and ended on the evening of Saturday, September 30. Islamic religious dates are tabular - they begin at sunset on the first evening and ends at sunset the second evening. Ashura is a festival of remembrance in Islam - but Sunni and Shi’a Muslims celebrate for different reasons. In Sunni Islam, Ashura follows the traditions of Judaism as Jewish people followed a day of fasting around this time of year (commemorating the parting of the Red Sea for Moses and his followers to escape the Pharaoh.) The Prophet Muhammad thought that this tradition was worth following so he fasted and encouraged his followers to do the same. On this day, Sunni Muslims fast and celebrate by reflecting, showing respect and thanks. For Shi’a Muslims, Ashura is sacred as a day of remembrance of the death of the grandson of Muhammad. Husayn ibn Ali was killed in the Battle of Karbala, and Shi’a Muslims passionately commemorate his death. During Ashura, some Shi’a Muslims flog and beat themselves in parades to express their grief for Hussein’s suffering. The Ashura is a public holiday in Afghanistan, Iran, Iraq, Lebanon, Azerbaijan, Turkey, Bahrain and Pakistan. |
Politics / Re: Nnamdi Kanu's Brother Lists Items Allegedly Stolen From His Room After Invasion by ladensmith(m): 8:02pm On Oct 01, 2017 |
He should get a lawyer and sue the Nigerian army for theft,felony,insult,assault and all grammer wey lawyers dey use....But if found otherwise, the Nigerian army should tag him a terrorist also. 5 Likes |
Politics / Re: Release Nnamdi Kanu's Dead Body - FFK Tells Buhari by ladensmith(m): 7:53pm On Oct 01, 2017 |
. 1 Like |
Politics / Re: Nigeria Citizenship By DNA Bill Motion In The National Assembly by ladensmith(m): 7:52pm On Oct 01, 2017 |
i pity those foreigners who will still hustle to trace their ancestry track back to Nigeria.... |
Crime / Re: Do You Know That ABA Is The Place To Be In Africa? by ladensmith(m): 7:44pm On Oct 01, 2017 |
Why is this in the crime section? |
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