"Once the market is flooded with lousy product it starts to devalue," Mr. Whannell said.
"You start to devalue the whole business, which is based on regular-season ticket sales and TV money," Jeff Van Gundy, the ESPN analyst and former N.B.A. head coach, told me recently.
You can make any argument for nationalisation, but when Russia started to nationalise its oil industry production stopped growing .Russia may also need to devalue the rouble.
Since Brazil devalued its currency in January 1999, carmakers have also started to leave Argentina, where the currency is pegged to the dollar, for cheaper production sites across the border.
As the e-book business started to develop, publishers were concerned that Amazon's pricing approach was devaluing their products and (I assume) threatening to destroy hardcover sales at bookstores.
For example: China did devalue the yuan, albeit not by 20%, and investors have started to run away from junk bonds.
As the banks started to cut their other risky assets, liquidity was reduced in the market for high-yield ("junk") corporate bonds.Things became much worse in August, after the Russian government devalued.
Even if oil prices remain at current levels, many economists believe the government will have to devalue and start to cool the economy early next year.The frustrations of collectivismThat will strain political loyalty further.
Still the Corbynista circus refuses to leave town, with one troubling result being that the term "moderate" is starting to look tarnished and devalued – deemed too centrist, restrained, temperate, cautious.
Ryan Gosling is a touch too sympathetic for the freeze-dried, laconic Driver whom we follow in the first half, and, once the mood is fractured and he starts to dish out bestial beatings, that stillness is badly devalued.
