Posts Tagged ‘undervalue currency’

  • Big Macs and Currency Manipulators

    Oct 24, 12 • 340 Views • No Comments

    In China, a Big Mac costs close to the equivalent of $2.44. That same burger in the US is $4.20. The basic idea is PPP, purchasing power parity. The dollar can buy more when the yuan is undervalued. And President Obama and Governor Romney have both indicated...  [read more]