Hyperinflation

EQS-News: PUMA’s 2023 financial performance impacted by extraordinary Argentine peso devaluation

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星期二, 一月 30, 2024
Capital market, Golf, Culture, Athlete, Devaluation, IAS, Free cash flow, Football, Risk, Herzogenaurach, News, Cobra Golf, Hyperinflation, PUMA, Marketing, Publication, Growth, Cryptocurrency

Excluding the extraordinary devaluation of the Argentine peso, PUMA delivered currency-adjusted sales growth above 8%, driven by the continued brand momentum and robust demand for its products.

Key Points: 
  • Excluding the extraordinary devaluation of the Argentine peso, PUMA delivered currency-adjusted sales growth above 8%, driven by the continued brand momentum and robust demand for its products.
  • The accounting treatment of the hyperinflationary economy Argentina and its significant devaluation of the Argentine peso mid of December resulted in an extraordinary impact on fourth quarter and financial year results for 2023.
  • Despite the extraordinary devaluation of the Argentine peso, fourth-quarter EBIT was strong with approx.
  • The devaluation of the Argentine peso especially impacted the fourth quarter financial result, resulting in a net income of approx.

Hyperinflation Unlikely, But Caution Advised, Especially SMBs

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星期一, 六月 7, 2021
Macroeconomics, Economy, Inflation, Economic collapses, Hyperinflation, Consultant, Seth Morgan

(1) Business strategy consultants agree, if not on the diagnosis(2), then on the need for caution.

Key Points: 
  • (1) Business strategy consultants agree, if not on the diagnosis(2), then on the need for caution.
  • "While a return to hyperinflation is extremely unlikely," says MLA Companies CEO Seth Morgan , "the current economy is volatile, as witnessed by post-pandemic resource shifts and price fluctuations.
  • Hyperinflation, notes Morgan, has been described as the defining macroeconomic event of the second half of the twentieth century.
  • Helping SMBs recognize change and organize themselves to deal with it is, says Morgan, essentially what MLA Companies does.

Fraser Institute News Release: Continued financing of government debt by the Bank of Canada poses significant economic risks

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星期二, 五月 18, 2021
Economy, Money, Inflation, Macroeconomics, Modern Monetary Theory, Quantitative easing, Central bank, Hyperinflation, Bank of Canada, Money printing, Monetary inflation, Government bond

b'VANCOUVER, British Columbia, May 18, 2021 (GLOBE NEWSWIRE) -- The idea that the Bank of Canada can continue to finance government debt by printing money without a clear commitment to repayment, known as Modern Monetary Theory (MMT), poses enormous risks to the Canadian economy, finds a new study released today by the Fraser Institute, an independent, non-partisan, Canadian public policy think-tank.\n\xe2\x80\x9cModern monetary theory is a pipe dream, and if the federal government and Bank of Canada go down this road, the damage to the Canadian economy could be substantial,\xe2\x80\x9d said Steven Globerman, resident scholar at the Fraser Institute and author of A Primer on Modern Monetary Theory.\nAdvocates of MMT assert that a government that issues its own currency (like Canada and the United States, among others) cannot default on debt issued in its sovereign currency because it has the power to print as much currency as needed to pay off the public debt.\nIndeed, during the current COVID-19 crisis, Canada\xe2\x80\x99s central bank financed historically large shares of government bonds to encourage lending and investment\xe2\x80\x94a practice described as Quantitative\xc2\xa0Easing.

Key Points: 
  • b'VANCOUVER, British Columbia, May 18, 2021 (GLOBE NEWSWIRE) -- The idea that the Bank of Canada can continue to finance government debt by printing money without a clear commitment to repayment, known as Modern Monetary Theory (MMT), poses enormous risks to the Canadian economy, finds a new study released today by the Fraser Institute, an independent, non-partisan, Canadian public policy think-tank.\n\xe2\x80\x9cModern monetary theory is a pipe dream, and if the federal government and Bank of Canada go down this road, the damage to the Canadian economy could be substantial,\xe2\x80\x9d said Steven Globerman, resident scholar at the Fraser Institute and author of A Primer on Modern Monetary Theory.\nAdvocates of MMT assert that a government that issues its own currency (like Canada and the United States, among others) cannot default on debt issued in its sovereign currency because it has the power to print as much currency as needed to pay off the public debt.\nIndeed, during the current COVID-19 crisis, Canada\xe2\x80\x99s central bank financed historically large shares of government bonds to encourage lending and investment\xe2\x80\x94a practice described as Quantitative\xc2\xa0Easing.
  • If the Bank of Canada does not require the government to repay that debt once it matures, Quantitative Easing will have evolved into MMT.\n\xe2\x80\x9cThe Bank of Canada is facing an imminent test of its credibility and independence over the coming months,\xe2\x80\x9d commented Globerman.\nCrucially, where MMT has been tried in the past, it has resulted in inflation, sometimes even hyper-inflation, with devastating consequences for domestic economies.\nIn particular, the implementation of MMT in Latin America and Greece resulted in runaway inflation and a significant decline in standards of living.\n\xe2\x80\x9cThe arguments for MMT are really arguments for much higher levels of government spending financed by borrowing provided by the central banks, which has failed everywhere it\xe2\x80\x99s been tried,\xe2\x80\x9d Globerman said.\n'

McDonald's Reports April And May 2020 Comparable Sales And Provides Update On COVID-19 Impact To The Business

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星期二, 六月 16, 2020
Macroeconomics, Competition, Economy, Inflation, Pricing, Hyperinflation

The vast majority of markets are operating with drive-thru and delivery (where available) with limited menus and hours.

Key Points: 
  • The vast majority of markets are operating with drive-thru and delivery (where available) with limited menus and hours.
  • Comparable sales exclude the impact of currency translation, and, since 2017, also exclude sales from Venezuela due to its hyper-inflation.
  • Comparable sales are driven by changes in guest counts and average check, which is affected by changes in pricing and product mix.
  • The Company undertakes no obligation to update such forward-looking statements, except as may otherwise be required by law.

Genomma Lab Internacional Reports Fourth Quarter & Full Year 2018 Results

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星期二, 二月 26, 2019
Economy, Money, Business, Inflation, Financial regulation, Financial crises, International Financial Reporting Standards, Hyperinflation, Capital expenditure, Devaluation, Peso

(3) Net Income of Majority Shareholders for 2017.

Key Points: 
  • (3) Net Income of Majority Shareholders for 2017.
  • NOTE:These results incorporate the impact of the International Accounting Standard IAS-29 (hyperinflationary accounting) and major currency devaluation of the Argentinean peso detailed on page 8.
  • 1.47 billion(1) for the twelve months of 2018
    Capex Investments for the twelve months of 2018 reached Ps.
  • 134.0 million invested in Share Buy-backs in 2018.

Global Stablecoin Association (GSA) to be Established at Blockchain Budapest

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星期三, 十月 24, 2018
Cryptocurrencies, Economy, Decentralization, Blockchains, Computing, Money, Bitcoin, Smart contract, Stablecoin, Szabo, Hyperinflation

The world's first initiative to establish cooperation within the stablecoin space is coming from the world recorder hyperinflation capital of Budapest.

Key Points: 
  • The world's first initiative to establish cooperation within the stablecoin space is coming from the world recorder hyperinflation capital of Budapest.
  • In a secret room at Blockchain Budapest conference on the 8-9th of November Global Stablecoin Association (GSA) will be established.
  • Followed by presentations from stablecoins on the main stage where also leading blockchain and cryptocurrency experts, such as smart contract inventor and blockchain veteran Nick Szabo will have presentations.
  • No country in the world experienced such hyperinflation yet, even the second largest hyperinflation in the history was "only" 98%.