Money Men

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A bipartisan group of 14 senators announced yesterday plans to introduce a new bill aimed at cracking down on government manipulation of foreign currencies (read: China).

Such a measure is certain to launch a reciprocal broadside, but has been overdue as the Chinese historically have undervalued the yuan by 25 to 40%.

Sooner or later, the two biggest kids on the block always fight. I’m looking forward to this one.

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About Mike

Mike Buetow is president of the Printed Circuit Engineering Association (pcea.net). He previously was editor-in-chief of Circuits Assembly magazine, the leading publication for electronics manufacturing, and PCD&F, the leading publication for printed circuit design and fabrication. He spent 21 years as vice president and editorial director of UP Media Group, for which he oversaw all editorial and production aspects. He has more than 30 years' experience in the electronics industry, including six years at IPC, an electronics trade association, at which he was a technical projects manager and communications director. He has also held editorial positions at SMT Magazine, community newspapers and in book publishing. He is a graduate of the University of Illinois. Follow Mike on Twitter: @mikebuetow

One thought on “Money Men”

  1. Since China’s deliberate currency undervaluation damages the economies of all exporting countries, Germany and the other major exporters should be at our side. The big kid friends are trying to make the bad kid shape up, while the IMF watches. How’s that for a role reversal?

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