The End Of The Great Recesssion
The Great REcession ended in June 2009. PMPA’s Sales Index saw it coming in March 2009.
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Even Keynesians Recognize The Problem.
Even Statist Leaning Keynesians recognize that our administration continues to fail to deal with the Chinese Currency Problem.
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Treasury FAILS Once Again To Cite China Currency Manipulation
Still no change on China Currency, we need you to join us on currency call in day. Maybe Congress can get us Change.
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The Yuan and the Failure of Diplomacy
Obama’s exclusive reliance on diplomacy forfeits U.S. monetary policy to Beijing, renders impotent U.S. fiscal policy, and visits enormous pain on American workers.
The recent announcement will be proclaimed as Victory by the administration who has been impotent in managing this issue to the pain of American Workers and manufacturers. -
Chinese Currency, U.S. Continues To Be The Fool
Permitting the Chinese yuan to appreciate by 3 percent this year is wholly inadequate and would do little to resolve the U.S.-China trade imbalance. China’s yuan is likely overvalued by 40 percent. In 2010, the trade deficit with China is reducing U.S. GDP by more than $400 billion or nearly three percent. Unemployment would be falling rapidly and the U.S. economy recovering more rapidly but for the trade deficit with China and Beijing’s currency policies. A three percent revaluation over the next year would not even amount to the change in yuan undervaluation.
Beijing is playing the Obama Administration for fools.
China’s currency policies reduce U.S. growth by one percentage point a year. The U.S. economy would likely be $1 trillion larger today, but for the trade deficits with China over the last 10 years. -
PMPA Urges Administration To Cite China's Currency Manipulation
China’s Beggar thy neighbor currency manipulation has been unchecked for years by Washington. at a 40% undervalue, how about some Change?
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3 Meaningful Structural Issues To Be Addressed
1) Call China a currency manipulator once and for all.
2) Steer clear of trade agreements that turn into legalized rape.
3) Create a government platform where stability – of environmental costs, social costs, and defense against assaults on our trade laws will enable industry to make long term financial commitments. -
China Exports Surge In December
China Exports hit $130.7 in December.
China will surpass Germany as the world’s top exporter.
Predatory currency and mercantilist policies are one explanation. -
Why Free Trade Is Failing America
The current administration is not protecting America’s interests.
Free trade is not fair trade.
Beggar thy neighbor is China’s mercantile policy. -
Friday Breaking Story: Adminstration Fails to Cite China as a Currency Manipulator
The Obama Administration failed to cite China as a currency manipulator, despite “tough talk ont he campaign trail on this issue. Where’s the Beef? Where’s the change?