September 10, 2012
So is the China bashing coming out of the republican party justified? The charge is that China is using their foreign reserves to keep their currency, the Yuan, undervalued. This stimulates their exports by making them cheaper to foreign purchasers. The problem is … according to the Big Mac Index of 2012, this is becoming [...]
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September 4, 2012
Check out the following chart which was compiled by SocGen and used data from the 2012 Big Mac Index. Apparently the Euro is priced correctly according to the Big Mac Index. That’s pretty interesting considering the turmoil surrounding the Euro. As the article states “The Euro’s problems are not with “valuation”, but with “survivability”.
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