The McDonalds Indicator Euro, from Jim Sogi
Even though the Euro is $1.25, it appears things are cheaper in Amsterdam than New York or Hawaii. I thought things would be more expensive over her in Euroland.
New York Amsterdam Kona LA
Beer $4 €2 $5 $8
Dinner for 5 $250 €80 $350 $160
Omelette $15 €7
Coffee $2 €2 $2.50
Buds €10/g $15/g $20/g
Economic theory says inflation should show in currency exchange, but something else is going on with inflation and dollar and relative buying power.
People seem less stressed in Amsterdam, happier than NY and LA. There are almost no cars in Centrum area…all bikes and pedestrians and canal boats. It oozes charm.