To make comparisons in living standards across countries, economists use specially adjusted exchange rates. The figures in this calculation are given in Purchasing Power Parity (PPP) dollars. One PPP dollar is equal to 1 US dollar spent in the US. But a US dollar goes further in some countrie...
I’ll leave the conspiracies to conspiracists, but I find it interesting that with the Fed bond buying tapering coincides with civil unrest in Southeast Asia, Ukraine, Middle East and parts of Africa and the cut in Argentina’s ratings. It seems all these factors would help encourage bond ...