SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : The Obama - Clinton Disaster
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Wayners who wrote (10410)4/3/2009 3:45:16 PM
From: DuckTapeSunroof  Read Replies (2) of 103300
 
That's the great thing about the "Big Mac index" --- it is a cheap (and pretty effective) way of cutting through a lot of government's currency manipulations to find something closer to the TRUE VALUE of that nation's currency and it's buying power.

Because MacDonalds is such a *huge* globe-spanning company, and very efficient in their operations, which - to the greatest extent possible - routinely sources as MUCH as they can of their meat, bread, etc. purchases locally (to be more efficient), and has a very strict set of quality controls so as to make sure that a Big Mac is uniform from country to country... the result is that the price of a Big Mac in the local currency is a very effective way to benchmark that currency's true buying power... it's true value.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News