Foreign Direct Investors will Love the Market Access Charge (MAC)

By John R. Hansen, CPA Advisory Board Would the MAC discourage foreign direct investment in the United States?  Some readers have suggested that capital being brought into the United States to finance greenfield foreign direct investment should be exempted from the MAC. We should not, they argue, do anything to discourage productivity enhancing investment in America’s manufacturing…

The Threat of U.S. Dollar Overvaluation: How to Calculate True Exchange Rate Misalignment & How to Fix It

This memo explains (1) the dollar overvaluation problem, (2) how to accurately calculate the dollar’s misalignment against trading partner currencies, and (3) how the Market Access Charge (MAC) that CPA and others favor would fix this serious threat to America’s future. by Michael Stumo (CEO)Jeff Ferry (Research Director)and John R. Hansen (Advisory Board) The foreign exchange…

Fixing the Bloated Dollar

By Jeff Ferry, CPA Research Director The fear is growing that a rising dollar could sabotage any effort by the Trump Administration to improve the U.S. trade balance as a means of improving the health of our manufacturing industry. Commentators have suggested that the prospect of rising interest rates and higher U.S. economic growth, combined…

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:…