On Sun, 27 Jul 2003 12:47:10 -0400, "Kevin  ...
>
>cc cc wrote:
>> "Kevin Gowen" <kgowenNOSPAM@myfastmail.com> wrote in message
>>
>>>> Well, I can say with authority that living in Kobe, Japan requires
>>>> much more money than in my current Nashville, Tennessee, US. Of
>>>> course, so does living in San Francisco.
>>>>
>>>> I like the Big Mac theory myself.
>>>
>>> Me too. I have to go against straight monetary comparisons in favor
>>> of PPP comparisons such as the Big Mac theory.
>>
>> That evalutes the cost of a cheap American life.
>>
>> My father takes the price of 12 oysters and a bottle of white wine in
>> a restaurant.
>
>I think that is a bit of apples and oranges, given that the labor and beef
>content of a Big Mac are domestic, while the bottle of wine will imported in
>all but one case, and the oysters may be as well. There is only one kind of
>Big Mac (well, there is the double Big Mac), but many varities of white wine
>and oysters.
>
>> That makes him a light dinner. He takes the figure in
>> Euro on his credit card listing.
>> Cheapest : Bangkok, then Paris, then different places in Europe.
>> Ireland being particularly expensive, much more expensive than
>> London....after that, Acapulco. Florida, he said that was a little
>> more expensive than Acapulco, but New York was much cheaper (why
>> would he take into account the fluctuations of the dollar ?).
>
>While Florida does have about 500 acres of oyster farm, most of the oysters
>sold in our restaurants are winter oysters from New England. This probably
>accounts for the difference in price of the oysters, at least.
>
>> The
>> places where he paid the more were Tokyo (endaka jidai), Luxembourg
>> and Mauritius, I don't remember in which order.
>>
>> Well, thanks God, I eat oysters more often than bigmacs.
>
>Your father's study doesn't seem to take over/undervaluation against the
>euro into account.
>

A currency can be over/under valued against the euro but not other currencies? 

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