Sunday, October 30th, 2011
So reports The Economist online (www.economist.com) in edited excerpts from an article* which Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!)
The Economist’s Big Mac index is a fun guide to whether currencies are at their “correct” level. It is based on the theory of purchasing-power parity (PPP), the notion that in the long run exchange rates should move towards the rate that would equalise the prices of a basket of goods and services around the world ...........
*http://www.economist.com/blogs/dailychart/2011/07/big-mac-index
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