We all remember the famous line by Bill Clinton’s campaign advisor James Carville: “It’s the economy, stupid,” he said about what mattered most to voters. The economy still matters, of course, but one of the major fundamentals of the economy is the dollar and it’s non-competitive with the rest of the world. It’s too strong.…
Healthcare panelist and Phlow CEO Eric Edwards on what needs to be done to make more pharmaceutical drugs here. Most of them are coming in from Europe, India and…increasingly…China.
On Oct. 6th, CPA testified at a hearing of the US International Trade Commission on trade agreements. We focused on the failure of economic models to accurately forecast the impact of trade agreements on the US economy. We demonstrated how modifications of the standard economic model for trade can make the model more accurate. We…
By Ken Rapoza, CPA Industry Analyst The pandemic has curtailed exports and imports and today’s trade numbers showed a slight decline in the trade deficit. The June deficit came in at $50.7 billion, 7.5 percent better than the $54.8 billion deficit in May, based on the Bureau of Economic Analysis data. From January to June,…
By Jeff Ferry, CPA Research Director Industrial espionage has been going on for centuries, but experts agree China’s espionage campaign is on a different scale from anything we’ve seen in history. It has been going on at least since the 1990s and there is no sign it is letting up. Targets include an incredibly broad…