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September 2012

World’s most expensive cities … Big Macs and Iphones

September 24, 2012

It takes on average 18 minutes of work to buy a Big Mac in Norway (according to the 2012 Big Mac Index) and 36 hours to buy and Iphone. Zurich is the second most expensive city polled. Tokyo? Only 9 minutes to buy a Big Mac … not to shabby. Nairobi? Yeah, that will take you 84 minutes. See how your city stacks up.

Full article here

China, Romney, and the Big Mac Index

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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How well is the Euro priced? Pretty well according to SocGen.

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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