Momma Voke :redwave:🇺🇸 on Nostr: The Big Mac Index doesn’t lie. The trillion-dollar FX industry uses Big Mac price ...
The Big Mac Index doesn’t lie.
The trillion-dollar FX industry uses Big Mac price as the ultimate inflation indicator -- it doesn't lie, it's not "adjusted" by government statisticians.
If, in fact, inflation is closer to the Big Mac's 88% than the government's 21%, we are one hell of a lot poorer than we think -- like Depression level.
https://x.com/profstonge/status/1793302149671125161?s=46&t=BoQzQfLm3fqGo-6jc27fVA
The trillion-dollar FX industry uses Big Mac price as the ultimate inflation indicator -- it doesn't lie, it's not "adjusted" by government statisticians.
If, in fact, inflation is closer to the Big Mac's 88% than the government's 21%, we are one hell of a lot poorer than we think -- like Depression level.
https://x.com/profstonge/status/1793302149671125161?s=46&t=BoQzQfLm3fqGo-6jc27fVA