AAM: Yuan Devaluation is Currency Manipulation

Washington, D.C. – China has repeatedly manipulated its currency at the expense of American manufacturers and workers. In just three days, China’s government has wiped out four years of yuan appreciation. Said Alliance for American Manufacturing President Scott Paul: “China’s latest move is all too predictable and should come as a surprise to no one.…

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…