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Stumo Blog

Japan's stealth currency manipulation works wonderfully

May 20, 2016

by Michael Stumo

Japan's stealth manipulation of the yen is proving successful.  Last week, Japan's finance minister told their Parliament that the government would intervene in currency markets if they yen strengthened. So... this week the yen declined from 109 yen vs dollar to 110.

 

What I wrote to a trade reporter last week

May 18, 2016

by Michael Stumo

A trade reporter contacted me last week for comments about an article.  In my response, I stated that our trade policy is causing us to have the economic profile of a third world country. The reporter asked why I said that. The email I sent in answer...

Economists can't find a way to grow the economy? They have blinders on

May 18, 2016

by Michael Stumo

Eduardo Porter, a New York Times economics reporter, wrote today that we have no way to grow the US economy because of a shrinking workforce and lack of productivity growth. He is wrong.

Porter is a posterchild for establishment economics that have gotten us into...

What can Hillary do to gain trade reformers trust?

May 17, 2016

by Michael Stumo

Ralph Waldo Emerson once said “Your actions speak so loudly, I can not hear what you are saying.”

I was interviewed by a Southern California NPR reporter yesterday about why left of center trade reformers don't trust Hillary Clinton to fix trade. CPA members, of course, are...

Trade issues drive West Virginia Primary Results - Sanders and Trump

May 11, 2016

by Michael Stumo

Opposition to rigged trade deals drove the results another primary contest.  Sanders continues outperforming expectations with a win in West Virginia's Dem primary yesterday, even though Clinton has opposed the TPP. Trump won as expected now that he has no opponents remaining.

Hillary's recent anti-TPP response is ok, but omits trade deficit mention

May 06, 2016

by Michael Stumo

Hillary Clinton responded this week to a candidate questionnaire from the Oregon Fair Trade Campaign (OFTC) on international trade and trade deals. She re-iterated her opposition to the TPP and to holding a vote in the lame duck session.

Really? Imports are the reason for trade deals? Disgusting!

May 06, 2016

by Michael Stumo

This guy, Tim Worstall, is really off the rails. Forbes will print any swill, it seems.

Report to CPA members and supporters:

April 20, 2016

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CPA held its annual DC Fly-In this week. CPA members from across the country fanned out across the Capitol.  It was an amazing experience to finally have the wind at our backs instead of facing headwinds. Your...