Currency Misalignment Monitor, September 2023
The U.S. dollar fell slightly in our currency model, with overvaluation declining six tenths of a percentage point to 14.6% in this month’s CMM.
Wire Rod and Rebar Imports Surge from Mexico, Violating 2019 Agreement
Key Points Steel imports from Mexico have surged in recent years. Some steel products, such as rebar have increased by several thousand percent over previous
It’s No Delusion: Manufacturing is Essential for Prosperity
Recently, we’ve seen a barrage of attacks on the pro-manufacturing policies enacted by Congress in the past two years. According to The Economist magazine, the
Industrial Policies Gain Support in the Academy
Last month, the Wall Street Journal published an attack on Joe Biden’s industrial policies arguing that Bidenomics “needs more…economic theory or research.” This theme has
USA Rare Earth Works to Address Severe Shortage of U.S. Minerals
A looming shortage of critical minerals is a huge challenge facing the U.S. and all industrial nations outside of China. The rare earth family of
Currency Misalignment Monitor, August 2023
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
Manufacturing Employment Hits All-Time Low. Will IRA Reverse the Trend?
U.S. manufacturing employment hit an all-time low as a percent of the total workforce, 8.3%.
IRA Support for Solar Energy Risks Falling into China Trap that Hit Obama’s ARRA Law
China achieved domination of the global solar energy equipment industry thanks to $50 Billion+ of Chinese government subsidies.
Currency Misalignment Monitor, July 2023
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
Pro-Growth Tariffs: Modified Economic Model Shows Domestic Growth (Updated)
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
