Around these parts, Americans anxiously watch our favorite summer economic indicator -- the price of gasoline -- to get a sense of where the economy may be headed. But in Argentina, locals are watching their favorite winter barometer: the price of beef.
Argentineans consume more beef than anyone else in the world, about 160 pounds per person annually, and more than twice as much as Americans. Beef accounts for 5% of their consumer price index, and it is Argentina's third biggest export. (Until Mark Sanford's recent Argentine escapade, beef was what most Americans associated with the country).
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