The Big Mac index
March 17, 2010
This is a favorite of mine….the Economist
Our Big Mac index shows the Chinese yuan is still undervalued
Mar 17th 2010 | From The Economist online
RECENT renewed American calls for China to revalue its currency have so far fallen on deaf ears. China has rejected accusations that America’s huge trade deficit with it is caused largely by an artificially weak yuan, which has been pegged to the dollar since July 2008. Economists point out that a depreciation of the yen did little to help reduce America’s trade deficit with Japan in the 1980s. But the yuan is unquestionably undervalued. Our Big Mac index, based on the theory of purchasing-power parity, in which exchange rates should equalise the price of a basket of goods across countries, suggests that the yuan is 49% below its fair-value benchmark with the dollar.
Perry GA Race Photos—>
March 16, 2010
I had a really fun race this weekend in Perry GA. The road race on Sunday was a mix of dirt and paved roads. Locos had a great ride as a team….we are looking forward to more results in the coming weeks! Here are some pics of me.
Racing Video from Perry
March 14, 2010
This is a little video that my teammate took while we were racing in Perry GA. I am the guy with orange tires…..
