[Main General Bulletin Board | BBFAQ | Prev by Date | Next by Date | Post Followup ] Member Login / Signup - Members see fewer ads. - Latest Member Gallery Photos Big Mac = Invalid international index Like This Post: - Subscribe to Daily Digest for this Bulletin Board Posted by Bill Homer [Email] (#3427) [Profile/Gallery] (more from Bill Homer) on Fri, 11 Mar 2011 10:49:48 In Reply to: Purchasing Power Parity, EGD [Profile/Gallery] , Thu, 10 Mar 2011 15:29:28 Alert me when someone posts in this thread: Members do not see ads below this line. - Help Keep This Site Online - Signup

I worked/lived in Brazil in the early 1990s, when inflation there was 5000% per year. Getting paid in US dollars and having dollars to spend had me living like a king; locally produced goods were very cheap in dollar terms. One notable exception that I found was my sole encounter with food at McDonalds, which was cleverly marketed in Brazil as a "foreign luxury product" - a little piece of Americana - and expensive relative to other food that was available elsewhere, i.e. I recall buying a complete small roasted chicken in a local chain ("Galitos") for a similar price. If their market positioning has not changed, then equating a Big Mac priced in Reals vs. Dollars is completely invalid. The Real has appreciated vs. the dollar in recent years, but for the Real to be ranked second on The Economist's list behind Switzerland due to Big Mac pricing is completely off base.

Note that my experience at McD in Brazil was limited to one visit over an Easter weekend (everything else was closed), which also provided me with my sole experience with food poisoning - a bit ironic.

posted by 208.70.1...

• What's a MILLIONAIRE ?, STICKMAN, Thu, 10 Mar 2011 07:14:34
  • Hanging out on the bridge......, Mike Lynch , Thu, 10 Mar 2011 15:51:59
    • not such a big number, coggs, Thu, 10 Mar 2011 17:06:08
  • It's all relative.., AlS, Thu, 10 Mar 2011 14:16:11
    • Re: It's all relative.., TML , Fri, 11 Mar 2011 08:46:38
    • Re: It's all relative.., Erik919kt, Thu, 10 Mar 2011 15:58:10
  • Correction - You need about $2 Million to retire....., MI-Roger , Thu, 10 Mar 2011 13:48:51
  • I'm a "Swedish" millionair. If that count for anything?, SWEDECAR , Thu, 10 Mar 2011 11:30:42
    • Re: I'm a "Swedish" millionair. If that count for anything?, EGD , Thu, 10 Mar 2011 13:40:56
      • Wonder who has the worst economy, meaning, SWEDECAR , Thu, 10 Mar 2011 14:22:37
        • Purchasing Power Parity, EGD , Thu, 10 Mar 2011 15:29:28
          • Big Mac = Invalid international index, Bill Homer , Fri, 11 Mar 2011 10:49:48 <-- Viewing This Message
            • Oh... and... there's that little issue..., PGAero , Fri, 11 Mar 2011 23:00:58
  • Re: What's a MILLIONAIRE ?, Reality, Thu, 10 Mar 2011 10:23:29
    • $70 Million?, Noel, Thu, 10 Mar 2011 13:33:39
      • Re: $70 Million?, Reality, Thu, 10 Mar 2011 14:00:34
    • Re: What's a MILLIONAIRE ?, TML , Thu, 10 Mar 2011 10:51:20
      • Re: What's a MILLIONAIRE ?, Erik919kt, Thu, 10 Mar 2011 11:41:09
        • Re: What's a MILLIONAIRE ?, TML , Thu, 10 Mar 2011 11:56:31
          • Reality Check, Reality, Thu, 10 Mar 2011 12:37:36
            • Re: Reality Check, James, Fri, 11 Mar 2011 06:37:54
              • Good Point, Reality, Fri, 11 Mar 2011 09:27:59
                • Re: Good Point, James, Fri, 11 Mar 2011 18:25:09
              • Re: Reality Check, TML , Fri, 11 Mar 2011 07:48:29
                • Re: Reality Check, Reality, Fri, 11 Mar 2011 09:12:45
                • Re: Reality Check, James, Fri, 11 Mar 2011 08:58:54
                  • Re: Reality Check, Reality, Fri, 11 Mar 2011 09:20:42
                    • tsx, James, Fri, 11 Mar 2011 09:40:34
                      • Excellent Point!, Reality, Fri, 11 Mar 2011 10:12:25
      • Re: What's a MILLIONAIRE ?, Tim, Thu, 10 Mar 2011 11:01:08
  • Billionaire is the new millionaire, No Snaab, Thu, 10 Mar 2011 07:50:33
    • Folks are making hilarious assumptions in this thread, Noel, Thu, 10 Mar 2011 13:27:03

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