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Big Mac Index: The "Recovery" That Wasn't

While politicians have been cheerleading a "recovery" that started in 2009 according to official statistics, personal experience is telling everyone that things aren't getting any better, and may be getting worse. While it's accepted that government statisticians have a, shall we say, casual relationship with the truth, the latest Big Mac inflation revelation suggests enormous lies.

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http://shadesofthomaspaine.blogexec.com/index.php/entry/big-...



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Consider Le Big Mac might also be getting smaller

I noticed about 2 years ago Carl's jr spicy chicken sandwiches stopped including tomatoes.

Cyril's picture

And I noticed about 1 year ago some soda cans' getting smaller

And I noticed about 1 year ago some soda cans' getting smaller (servings differential) to overcome their unit price reduction.

See also some chips bags, flour, sugar, sauces, etc.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

For real!

Who ever heard of a four pound sack of sugar?

I hadn't, until a recent trip to the grocery store!

Author of Shades of Thomas Paine, a common sense blog with a Libertarian slant.

http://shadesofthomaspaine.blogexec.com

Also author of Stick it to the Man!

http://www.amazon.com/Stick-Man-Richard-Moyer/dp/1484036417

Cyril's picture

BUMP. Thank you for posting.

BUMP. Thank you for posting.

Facts are so stubborn. Our best allies for more truth.

See also, recent and not-so-unrelated :

http://www.dailypaul.com/292853/challenge-are-you-smarter-th...

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Are You Dumber Than A Fifth-Grader?

er-I mean 'bump'.

:)

Defeat the panda-industrial complex

I am dusk icon. anagram me.

Flawed analysis result in flawed conclusions.

Although the writer of the article is correct in stating the under reporting of inflation will over state growth and therefore productivity……. the tool he has chosen to support his conclusion is the wrong tool to use and therefore his supposition is flawed.

THE Big Mac index was invented by The Economist in 1986 as a lighthearted guide to whether currencies are at their “correct” level. It is based on the theory of purchasing-power parity (PPP), the notion that in the long run exchange rates should move towards the rate that would equalize the prices of an identical basket of goods and services (in this case, a burger) in any two countries.

http://www.economist.com/content/big-mac-index

The correct person that has all the tool necessary to demonstrate the ills of the government propaganda is John Williams of shadowstats.com

http://www.shadowstats.com/alternate_data/gross-domestic-pro...

According to the chart reported growth is about +2% but actual growth is -2%

You need no other source to refute the USG misinformation……what we need is action to make them stop doing this.

Its true, the Big Mac index

Its true, the Big Mac index was created to compare PPP, but it also inadvertently has historical data on Big Mac prices going back to the 80's.

It was this data, not the PPP data that was used for the comparison. It also appears that John Williams and I are basically in agreement.

Peter Schiff and Forbes both ran articles on this after my original article in March.

http://www.forbes.com/sites/davidmarotta/2013/04/16/big-mac-...

http://blog.europacmetals.com/2013/05/peter-schiff-big-mac-p...

Author of Shades of Thomas Paine, a common sense blog with a Libertarian slant.

http://shadesofthomaspaine.blogexec.com

Also author of Stick it to the Man!

http://www.amazon.com/Stick-Man-Richard-Moyer/dp/1484036417

There might be enough here for a book

...should be interesting to track in the coming years.

Author of Shades of Thomas Paine, a common sense blog with a Libertarian slant.

http://shadesofthomaspaine.blogexec.com

Also author of Stick it to the Man!

http://www.amazon.com/Stick-Man-Richard-Moyer/dp/1484036417