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The Big Mac Index

bigmacindex.jpgThere's a new edition of the Economist's Big Mac Index, its 25-year old metric that compares the price of the hamburger in different countries as an indicator of exchange rates. The takeaway: "At market exchange rates, a burger is 44% cheaper in China than in America. In other words, the raw Big Mac index suggests that the yuan is 44% undervalued against the dollar." [Economist via AHT]

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