Monthly index tracks currency misalignment based on latest market rates Dollar overvaluation rises to 15.2% against global currency basket as dollar inflows continue to push up the greenback. Japanese yen undervaluation against U.S. dollar reaches 50.1%, a new all-time low for the yen in dollar terms. Chinese yuan undervaluation against dollar rises to 28.1% CMM…
U.S. manufacturing employment hit an all-time low as a percent of the total workforce, 8.3%.
China achieved domination of the global solar energy equipment industry thanks to $50 Billion+ of Chinese government subsidies.
WASHINGTON — The Coalition for a Prosperous America (CPA) today announced that the U.S. Private Sector Job Quality Index (JQI) for May was 85.47, up 0.83% from April. The JQI reached its highest level in over a decade and has increased the last seven consecutive months after accounting for revisions to recent months. While job growth is slowing,…
Monthly index tracks currency misalignment based on latest market rates Dollar overvaluation rises to 14.8% against global currency basket from 14.3% last month Japanese yen undervaluation against U.S. dollar expands further to 45.7% Chinese yuan undervaluation against dollar rises to 25.0% CMM is a partnership between the Coalition for a Prosperous America (CPA) and the…
Economic models used to forecast the impact of international trade agreements have an in-built bias to favor free trade. This has led these models to underestimate repeatedly the damage done to U.S. manufacturing industry by trade agreements, dating back to NAFTA. The bias or rigidity in these models can be corrected by modifying some of…
Key Points The Section 301 tariffs imposed in 2018 on Chinese imports reduced U.S. dependence on China. While U.S. imports surged by 39% between 2017 and 2022, China imports were up very slightly, and still below their 2018 peak. As a result, China fell from 21.6% of U.S. imports in 2017 to just 16.5% in…
Written Testimony for House Committee on Financial Services, Subcommittee on National Security, Illicit Finance, and International Financial Institutions Submitted by Jeff Ferry, Chief Economist, Coalition for a Prosperous America Submitted for the Hearing Entitled: “Dollar Dominance: Preserving the U.S. Dollar’s Status as the Global Reserve Currency” held on June 7, 2023 CPA Testimony, “Dollar Dominance,…
WASHINGTON — The Coalition for a Prosperous America (CPA) today announced that the U.S. Private Sector Job Quality Index (JQI) for April was 84.46, up 0.25% from March. A month ago, it looked like the job market was beginning to plateau, but upward revisions to March’s data means the JQI was 0.48 higher than reported. In other words,…
The U.S. dollar is 14.3% overvalued against global currencies, contributing to trade deficits costing some six million jobs, many in manufacturing.
