Posts Tagged ‘foreign exchange’

  • 15963_3.27_000001882191XSmall

    Chinese Big Macs

    Oct 21, 10 • 357 Views • No Comments

    At 14.5 yuan or $2.18, a Beijing Big Mac is cheap. In the U.S. the price is closer to $3.71. As explained by The Economist, we just need to know about the Big Mac to know what the yuan should really buy. Dividing $3.71 (a US Mac) by 14.5 yuan (Chinese Macs)......  [read more]

  • 15947_10.15_000001088767XSmall

    Nobel Cash

    Oct 15, 10 • 371 Views • No Comments

    If you win a Nobel Prize, you get a cash prize of approximately $1.5 million. The size of that prize relates to how well the foundation that manages Alfred Nobel’s endowment has fared.  According to the Financial Times, during the 1990s the payout......  [read more]

  • 15793_3.27_000001882191XSmall

    Son Preference

    Jul 30, 10 • 384 Views • No Comments

    If there are 122 men for every 100 women, how do you find a wife? According to a Columbia University professor, in China, you save. Economists have been asking why Chinese households save so much–30% as compared to a current 6% rate in the U.S. One......  [read more]

  • 15783_3.22_000006909090XSmall

    Burgernomics

    Jul 25, 10 • 408 Views • No Comments

    The Big Mac Index is out again. Not much has changed. Norway’s Big Macs are most expensive and Chinese Big Macs are cheap. What do Big Mac prices tell us? Starting with an average U.S. price of $3.73 (based on 4 cities), we can determine whether......  [read more]

  • 15549_3.27_000001882191XSmall

    Yuan or Yen

    Mar 27, 10 • 384 Views • No Comments

    Harvard professor Niall Ferguson, called China a currency manipulator in a recent interview. Next month, Treasury Secretary Tim Geithner will let us know if he agrees. The United States has not formally called China a currency manipulator since......  [read more]