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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: GST who wrote (65509)7/7/2006 2:41:54 PM
From: gregor_us  Read Replies (2) of 110194
 
The Big Mac Index has for years been a great way to disabuse

oneself of the notion that a currency's strength is measured only against other currencies. I would think more and more, people will become familiar with PPP, as the USD's purchasing power dwindles over the coming years, while maintaining what mistakenly appears to be untroubling levels, "against other currencies."

PPP hit home for me when I started living in the U.K., and travelling to Europe and also AUS/NZ.

No doubt you've thought about this as well, given all the travelling you do.

Best,

G
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