Brazilian Bikini Wax Indicator
I have to share the following from today's edition of 'Diary of a Mad Hedge Fund Trader':
There is no end to which they will go to understand the future direction of the world economy. Now apparently, the price of Brazilian bikini waxes is going through the roof; no joke, the Brazilian government includes this strategic activity in its basket of consumer services to calculate inflation. It is one of the few measures they track which can't be clouded through altering of its quantity or quality. The point is that inflation is worsening, and not only in Brazil, but in China, India, and Vietnam; so expect more tightening.
They conclude that an economic indicator in the hand is worth two in the bush.
GB
There is no end to which they will go to understand the future direction of the world economy. Now apparently, the price of Brazilian bikini waxes is going through the roof; no joke, the Brazilian government includes this strategic activity in its basket of consumer services to calculate inflation. It is one of the few measures they track which can't be clouded through altering of its quantity or quality. The point is that inflation is worsening, and not only in Brazil, but in China, India, and Vietnam; so expect more tightening.
They conclude that an economic indicator in the hand is worth two in the bush.
GB
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