Archive for the ‘Trade/Foreign Policy’ Category

PK v. JB re $

October 8th, 2014

Paul K’s agrees with me on the core aspects of my post yesterday regarding our persistent trade deficits as a barrier to full employment, but disagrees the dollars status as a reserve currency has much to do with it. Certainly the key part of all this is recognizing the damage done by trade deficits to… Read more

Full employment, trade deficits, and the dollar as reserve currency. What are the connections?

October 7th, 2014

I’ve been looking for an excuse to scratch out a few lines about the connections between full employment, the trade deficit, and dollar policy—connections that understandably don’t jump out at everyone—and I’ve found a particularly good one. Ever since this oped re “Dethroning King Dollar” ran, I’ve gotten lots of love and hate mail regarding… Read more

Manufacturing is lagging the rest of the job market. Is the strengthening dollar a factor?

October 3rd, 2014

The jobs report was solid today, providing another month of evidence that the recovery is reliably reaching the job market. But relative to the rest of the employment story, the manufacturing sector has settled into a less favorable trend. Though American manufacturing came out of its jobs trough with some vigor back in 2010, over… Read more

When Trade Treaties Pose a Sovereign Threat

October 2nd, 2014

I’m rushing out but allow me to refer you to this weedy but important piece from Harold Meyeson in this AMs WaPo (Harold has been on a real tear lately, writing with great depth and clarity about the nexus of policy and inequality). Harold’s piece is about these “Investor-State Dispute Settlement (ISDS) provisions included in every significant trade… Read more

Wherein I do the DC thing of talking about a book I’ve yet to read.

September 29th, 2014

I need to read Martin Wolf’s new book, “The Shifts and the Shocks,” his diagnosis of the factors that brought on the financial crisis and his prescriptions for getting out of this terribly damaging bubble, bust, repeat cycle. But in the meantime, it’s worth giving a read to Felix Salmon’s review in yesterday’s NYT. Salmon… Read more