Big Mac

People in Finance always say that the most simple idea is often the best.  Exactly 1 year ago, I decided to put the Big Mac trade on after the Economist came out with their newest price index.  I went long RMB (via CYB) and shorted the Euro.   While the RMB didn’t move at all the Euro of course crashed and I closed the trade that spring after making about 10%.  Had I kept it on longer, I would have made closer to 30%.  Oh well.  Anyways, the Economist just came out with their newest Big Mac index in this weeks issue.  Here it is:

It is very tempting to try it again (maybe using the Real).  Anyone interested?

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