Ep 389. Interest Rate Hike, Credit Suisse’s Failure, and Other Banking + Economic Risks on the Horizon
Focused Compounding
00:00
The Big Mac Index
The Big Mac index was created by the Economist, there's a magazine. It tracks the local price of a big Mac in the actual local currency and then adjusts it from there into US dollars. The idea would be that the price should be the same in various countries. But research suggests that it makes more sense to adjust the price relative to the GDP per capita.
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