Higher inflation devastates the value of fixed-income assets, as investors found to their cost in the 1970s.
And with the banking system devastated, the value of the Iraqi dinar sinking and the larger government economy unable to offer support, it is unclear how long those private businesses now operating can run before they stall again.
With inflation devastating the value of national currencies, Western economies in the dumps, and oil prices soaring because of tension in the Middle East, anxious investors had fled to the security that supposedly only gold could provide.
The derivatives market weathered its last near-death experience in early 2005, when credit agencies downgraded the debt of General Motors and Ford, devastating the value of the most risky synthetic derivatives.
Worse, the brothers were devastated by the surging value of afghanis as the Taliban fell.
Instead, banks let the house deteriorate, and now it is an eyesore in its Englewood neighborhood -- the kind of house that devastates nearby property values.
These offences against the social dignity which Pankhurst had always valued devastated the elderly woman; to make matters worse, many people believed the "Miss Pankhurst" in newspaper headlines referred to Christabel.
His regular customers – second homeowners – have been hammered by a devastating property collapse, with the value of their holiday homes plummeting by as much as two-thirds.
Others worry that some emerging markets could run into big problems because many borrowers there have taken out loans denominated in foreign currency and could be devastated if local currencies lose value.
The choice may devastate a company or create enormous value.
They said he appeared at a time when Japan was starting to rediscover the value of its traditions after devastating defeat.
