by Eric Lotke | Apr 22, 2010 | Blog, Making it in America
Today the Senate Banking Committee is holding a hearing to examine “the impact of China’s exchange rate practices on U.S. manufacturing” Many experts will testify. I offer some pictures that might help. 1. Is China manipulating its currency? Yes: Source: Yuan. Broad...
by Dave Johnson | Apr 19, 2010 | Blog, Making it in America
The Alliance for American Manufacturing is a partnership of manufacturers like US Steel and their workers, represented by the United Steelworkers. They have sent a letter asking Commerce Secretary Locke to initiate investigations and use the currency discrepancy in...
by Tula Connell | Apr 15, 2010 | Blog, Economy, Making it in America
Donald Trump knows a few things about making money. The first step: You need a job. But a job is something more than 17 million of America’s workers don’t have. In a recent CNN interview, Trump says one big way this country can create jobs is by...
by Dave Johnson | Apr 13, 2010 | Blog, Making it in America
Where I previously wrote that some things were getting worse more slowly, the trade deficit is just getting worse again. The US Trade Deficit Widened in February by 7.4 percent over the previous month, to $39.7 billion. "Imports surged 1.7 percent for the month....
by Dave Johnson | Apr 6, 2010 | Blog, Economy, Making it in America
The Obama administration appears to have backed off from pressuring China to revalue its currency, for now, likely in exchange for diplomatic concessions including helping to pressure Iran on nukes. Chinese currency revaluation is about jobs, because currently China...
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...
