Excerpt: “If the Fed cuts rates, the dollar will weaken off, but the issues around the world will offset that. The problem of the strong dollar doesn’t just go away.”(Bloomberg) — The dollar has been ascendant in 2019 and forecasts for a U.S. recession are growing louder. If the greenback’s strength keeps up and the…
Editors note: This article confirms CPA’s recent research showing that businesses are accelerating their moves out of China, some are moving back to the US and that the US consumer is not being harmed. Hasbro shifting its business out of China has been positive for the company, according to its CEO. “It’s gone very well…
Editor’s note. Made in America Movement is a CPA member. A Northeast Pennsylvania-based business that is one of the country’s biggest promoters of American-made products is merging with a competitor to enhance its size and influence. [Bob Kalinowski | August 27, 2019 | Citizens Voice] The Made in America Movement, based in Scranton, has agreed…
Editors note: It is important to prevent Chinese companies from funding their growth and ambitions through the US equities markets. Two senior members of the Senate Foreign Relations Committee are calling on administrators of the federal government’s main retirement savings fund to reverse a decision that they say would shift billions in investments into Chinese…
Editors note: This is a very good article showing why the rise of China is not simply the rise of another big country. It has become something of a truism to say that China will rise to a position of global dominance in the twenty-first century. All the evidence seems to support the thesis and…
Editors note: Michele Nash-Hoff Michele is a CPA member, as well as founder and president of ElectroFab Sales, a sales agency specializing in helping manufacturers select the right processes for their products since 1985. On July 22, 2019, the Coalition for a Prosperous America released an update to their study on the effects of increasing tariffs…
Editor’s note. The world is coming around to industrial strategy. As usual, CPA was ahead of the trend with our national competitiveness strategy four years ago. https://www.prosperousamerica.org/a_competitiveness_strategy_for_the_united_states Many Republicans and Democrats agree: Governments should intervene to help the industries and technologies of the future. [Julius Krein | August 20, 2019 | NY Times] Just a few…
By Steven L. Byers, PhD U.S. Senators Tammy Baldwin (D-WI) and Josh Hawley (R-MO) recently introduced a bipartisan bill (Senate Bill S.2357) to realign the US dollar exchange rate to make U.S. exports more competitive, boost American manufacturers and farmers, and reduce our trade deficit. The Competitive Dollar for Jobs and Prosperity Act would manage the U.S…
Article: Strong/misaligned dollar hurts corporate earnings and commodity prices. Me: Exchange rate mgmt to achieve and maintain current account balancing dollar price needed for realignment and economic/jobs growth in real economy. [Ira Iosebashvili | August 18, 2019 | WSJ] The ICE Dollar Index, which tracks the dollar against a basket of six major currencies, stands…
Editor’s note: Secretary Wilbur Ross identifies an important and optimistic economic data point. Worker compensation as a share of company costs has hit the highest level since 2009. There is a significant body of evidence showing that the U.S. economy is strong. The U.S. economy has added millions of jobs, and even long-neglected sectors like…
