by Dave Johnson | Apr 5, 2010 | Blog
While publicly saying that China is manipulating its currency -- a very big deal -- Treasury Secretary Geithner announced over the weekend the administration is getting around the problem of an April 15 deadline for declaring that China is a currency manipulator by...
by Dave Johnson | Apr 2, 2010 | Blog, Making it in America
What will it mean to American businesses if - I should say when - Chinese imports cost as much as they should cost? A currency and trade rebalancing is going to happen sooner or later because it has to. We can't run a trade deficit forever. If something is...
by Dave Johnson | Apr 1, 2010 | Blog, Economy
Our economy is not structured to produce enough jobs. Tomorrow's jobs report is expected to show as many as 200,000 jobs created in March, but a lot of that is temporary Census hires, and even 200,000 jobs created is still 2-300,000 fewer jobs than number of new...
by Dave Johnson | Mar 31, 2010 | Blog
As the manufacturing infrastructure of suppliers, technology knowledge, etc., moves to China, dependence follows. China appears to be ready to answer, "So what are you going to do about it?" The world is starting to realize this. Financial Times, yesterday, China...
by Dave Johnson | Mar 30, 2010 | Blog
Dear Deficit Commission, It's not hard to figure out why we have a huge deficit. It's so easy I don't have to use words. Here are some pictures: Bill Clinton raised taxes on the rich. Bush cut them. The second chart kind of explains itself. The third chart can help...
