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Difficult to arbitrage? You just proved the opposite of your own argument. Oil is the same price for many reasons (least of them being OPEC), but largely becau
by chrismeller 8y ago
Difficult to arbitrage? You just proved the opposite of your own argument.
Oil is the same price for many reasons (least of them being OPEC), but largely because of your point - there is a global market.
How exactly is the US or UK supposed to export cheap data from India?
- mruts 8y agoThe point is that the cell towers are going to be the same price regardless of location. So PPP isn’t a good justification for why data is cheaper in India. That is all I’m saying.