Editors note: Peter Navarro is CPA’s hero too! If you Google Peter Navarro, President Trump’s trade guru (he is actually called “assistant to the president and director of Trade and Manufacturing Policy”), you might read that he is considered a “heterodox” economist. We suppose this means out of sync with many or most professional and…
Details
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…
Details
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…
Details
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…
Details
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…
Details
By Jeff Ferry, CPA Chief Economist In his recent article, How Not to Restore American Industry, commentator David P. Goldman criticizes the Baldwin-Hawley bill, also known as the Competitive Dollar for Jobs and Prosperity Act, which was introduced into the Senate earlier this month. The bill would provide the Federal Reserve Bank with a third…
Details
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…
Details
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…
Details
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…
Details
Editor’s note: Matt Klein of Barrons doubles down in supporting the Baldwin/Hawley market access charge bill that CPA helped generate. In last week’s column I discussed an intriguing idea to have the Federal Reserve move the U.S. current account into balance by levying a “market access charge” on foreign purchases of American assets. Some…
Details