Not A Mystery
BMI
Next We’ll Be Streaming The Big Mac Index
Talk about fast news cycles. It’s the Economist’s Big Mac Index for 2010 … again! In a sign of these unusually uncertain times The Economist has speeded up their news cycle, and in the process seems to be taking themselves and their index more seriously. Used to be we’d get annual updates to the index, … Continue reading
Have Your PhD With Fries And A Coke, All On Us
The Chinese seem not inclined to clown around with the value of the renminbi. Meanwhile the administration is trying to apply pressure on them to revalue their currency, “which President Obama says is kept at an artificially low level to give China an unfair advantage in selling its exports”. From the NY Times, A senior … Continue reading
Is Big Mac 2010 Still The Gold Standard?
Time flies. It’s the Economist Big Mac Index for 2010. That’s pronounced “Twenty-Ten” F2u Rio Linda. Just to review, The Economist has been publishing their (not so tongue-in-cheek) Big Mac Index since 1986. It’s a reality check on world-wide currency exchange rates, based on the concept of Purchasing-Power Parity. Purchasing-Power Parity (PPP) says that exchange rates are … Continue reading
Is The Big Mac Index A Few Fries Short Of A Happy Meal?
It’s a good thing that we have correspondents on the ground around the world. As you know we have been tracking the Big Mac Index (BMI) for quite some time because we believe it will become the lynch-pin (sic) for the new Global Reserve Currency. Click this link for a list of posts. Data for … Continue reading
A Day Late, And A Dollar Sarko’d
On Monday we speculated that McDonald’s Big Mac would come to replace our Dollar as the world’s premier reserve currency. Then on Tuesday The Wall Street Journal ledes their Money & Investing Section with: Decades from now, the crisis of 2008 mightn’t be remembered as the last days of Bear Stearns and Lehman Brothers, but as the … Continue reading
Big Mac Called Upon To Supplant Dollar as Reserve Currency
We are predicting that The Big Mac will soon be taking on a expanded role in Global Finance as an alternative candidate to the US Dollar as the world’s reserve currency. Not a week goes by now without another Global financial indicator being tied to the Big Mac. You will recall that this all began … Continue reading
Hold Those Fries
Walter Cronkite passed away today, so we are down one icon. But thankfully the Economist’s Big Mac Index soldiers on. In a previous post we expressed concern that Big Mac might be supplanted by Big White, but our fears were unfounded. Herewith the latest Index, no ketchup required. Just to review, The Economist has been … Continue reading
Not A Mystery 