A long quadruple weeknote. It was a busy month and each friday seems to have presented it’s own challenge to get this written, but here we are!
Big Mac Index
As economists struggle to settle on the “right” worth of different currencies, there are some real-world objects with comparable prices across the globe. One such product is the iconic McDonalds’ Big Mac hamburger. Sold in many countries world-wide, it is a quick metric to determine if a local currency is over or under valued.