Do you know the difference between angst and anxiety? Here’s a quote from our Definitons page: An airplane crashes into the side of a remote snow-covered mountain; those passengers that worry about their lives without hopes of survival only face anxiety. In contrast, those passengers who worry about their lives with hopes of survival but … Continue reading
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
I’m really proud that we scooped the NY Times by 3 months on a story they published today. And while we called them Death Bonds, the Times’ headline beats around the bush: Wall Street Pursues Profit in Bundles of Life Insurance On the other hand the Times article is very in-depth and up-to-date. When we wrote … Continue reading
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
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
One lesson I’ve learned over the years is to ask the right question. Which is not what’s happening these days as politicians wring their hands over the huge pay packages being granted by financial firms that have been bailed out by the government. They’ve even appointed a Pay Czar. Give me a break. The right … Continue reading
It really is a small world; who would have thought… Everyone knows about Bernie (Madoff). And the people who read this blog are at the cutting edge because they also know about Dan Ariely, who was the subject of a post last month. Dan is a Behavioral Economist and the author of the best selling … Continue reading
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
Here are a number of Quotes from the main stream media this week. I’m not going to name the people who uttered the following because they would (hopefully) be embarrassed. The leading cause of death is old age. This was said in support of the idea that we should take antibiotics or other drugs to slow … Continue reading
The Credit Card guys have a bunch of algorithms to spot fraud. Supposedly, a sure-fire way to set off alarm bells a few years ago were these charges: A gas tank fillup. Another gas tank fillup. A charge at a Sporting Goods store. The idea was that the stolen card is first used to fill … Continue reading
Is it possible that The Economist is moving towards replacing its Big Mac Index with a Big White Index? 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 … Continue reading