CAF: What China’s Currency Devaluation Means

“What is good for growth in China is unfortunately bad for everybody else.”   – Bill McQuaker, co-head of the multi-asset team at Henderson Global Investors, quoted in Reuters [Reposted from the Campaign for America’s Future blog  |  Dave Johnson  |  August 12, 2015] China on Monday announced it is lowering the value of its…

Sen. Feinstein Doesn’t Understand NET Exports

A CPA member wrote to Senator Dianne Feinstein (D-CA) to ask her why she voted for Fast Track, or “Trade Promotion Authority” (TPA).  Sen. Feinstein’s answer reflects the fact that she doesn’t seem to understand that NET exports are desirable.  It’s fine to say that exports have increased, but it’s important to look at the…

CPA Press Release: China’s Recent Currency Devaluation Reveals US Trade Strategy Weakness

FOR IMMEDIATE RELEASE August 12, 2015 Contact: Sara Haimowitz, Development Director202 688 5145, [email protected]   China’s Recent Currency Devaluation Reveals US Trade Strategy Weakness   Washington — The Chinese government recently devalued the yuan in an effort to artificially cheapen its exports to the US and other nations. CPA issued the following statement in response:…