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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (20102)1/1/2005 1:23:37 PM
From: Square_Dealings  Respond to of 116555
 
Interesting. Except a Big Mac is only one item in a basket of goods and services. At a minimum I would think you need to include energy and housing prices and probably a lot more to get a real comparison.

And somewhere in the calculation trade deficits come into play. For ex. if the guy in the US is borrowing his $3.00 from the guy in China to buy his Big Mac then maybe the price should be higher in the US. Not sure, its complicated I think.

M



To: mishedlo who wrote (20102)1/1/2005 1:33:04 PM
From: redfish  Respond to of 116555
 
I don't think anybody is paying $2.99 for a Big Mac except in NYC and airports.



To: mishedlo who wrote (20102)1/1/2005 3:16:27 PM
From: RealMuLan  Respond to of 116555
 
Have they taken into account of the cheap labor in China? And what is the percent of a big Mac is the labor cost? If they do not consider this, then the index is worthless<g>

BTW, I usually just pay $2 or so for big Mac in the US.


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