Dollar an Unguided Missile as Yen Hits All-Time Low, China Ponders Devaluation, and U.S. Deficits Rise
The dollar is wreaking havoc around the world, yet the federal government and Treasury Secretary Janet Yellen refuse to do anything about it.
Economic View: Leading Economists Turn Against Free Trade – “A Flawed Game”
Respected economists including Janet Yellen, Mario Draghi, Paul Romer and Angus Deaton have been critical of free trade and globalization in recent weeks.
DMSI Rises Slightly in Q4 2023
The CPA Domestic Market Share Index (DMSI) rose slightly for both Q4 2023 and the full year last year. The U.S. trade deficit in manufactured goods came in at an alarmingly high $1.07 trillion last year.
Biden Administration Proposal to Increase Steel Tariffs Needs to be Wider in Scope
The Biden administration’s recently announced proposal to increase the steel and aluminum tariffs on Chinese products from 7.5% to 25% could be a mixed bag.
Economic View: Productivism is the Key to National Prosperity
US productivity growth has underperformed since the year 2000.
Mexico’s Violation of Steel Import Agreement is Threatening Local U.S. Economies
Steel imports from Mexico have surged far above historic levels, violating Mexico’s trade agreement with the U.S. and threatening local U.S. economies.
China’s Solar Firms Are Surviving on CCP Subsidies
China dominates all phases of global solar energy equipment manufacturing.
Currency Misalignment Monitor, April 2024
The April Currency Misalignment Monitor shows that the dollar continues to be heavily overvalued and major Asian currencies remain undervalued.
The Many Definitions of Reserve Currency and the Ceaseless Resulting Confusion
By Ken Austin[1] When I was in grad school, the dollar’s reserve currency status meant something very specific – foreign central banks bought and sold
Surge in Pharmaceutical Imports Threatens U.S. National Security as India/China Dominance Grows
KEY POINTS U.S. pharmaceutical imports have risen sharply in the last decade, with imports from China and India skyrocketing. India and China are increasingly the
