U.S. Starts 2023 with $68.3 Billion Trade Gap; Goods Deficit Already at $91.08 Billion
The U.S. posted its usual trade deficit for the month of January. A look at what we buy, and who we buy it from.
Trillion-Dollar Capital Flows Into the U.S. Are Driven By Tax Avoidance, Trading, and a Tiny Bit of Real Investment
Global capital flows are the driving force behind the rise of the dollar, which rose 3.9% in 2021. In the last ten years, the dollar is up 25.5%[1]. The US attracts capital for many reasons, including tax avoidance, speculative trading, and a relatively small amount of genuine investment. The deregulation of financial markets in the…
Yellen’s Failure on Currency Manipulation: “What She Said. What She Did.”
Yellen takes a pass on calling Vietnam, others, currency manipulators. That puts the onus on Commerce and the USTR to do something about it. Will they?
From Climate to China Dependency, Remapping Supply Chains Gains Traction Among Big Business
McKinsey has turned the corner on the Asia-centric model of globalization. It’s a “now-or-never” moment for US manufacturing. Here’s where CPA sees eye-to-eye.