Dump the junk – Magnus Heystek debunks the Big Mac Index
Magnus Heystek argues that the Big Mac Index has consistently missed the mark, rendering it worthless as an economic indicator.
Magnus Heystek argues that the Big Mac Index has consistently missed the mark, rendering it worthless as an economic indicator.
The rand should be trading at R5.20 to the dollar, according to the latest Big Mac Index by The Economist.
According to Burgernomics, President Jacob Zuma can afford 293 Big Mac’s on a daily basis, compared to China’s Xi Jinping’s 22.
How do you know if a country’s currency is going to continue to weaken or whether it is about to get stronger? Not easy, but there are some clues. The Economist came up with the Big Mac Index, which compares prices of identical burgers sold by a global fast-food outlet to show you what your … Read more