MIT "TEPCOes" Its Billion Prices Project

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Fri, 04/22/2011 - 14:32 | 1196857 TheGreatPonzi
TheGreatPonzi's picture

Well, maybe they didn't want to end up like Kennedy... attacking monetary cartels is always dangerous, notably when it's done by "official" institutions with large branding, and not simple "fringe groups" with no media repercussion. 

Fri, 04/22/2011 - 14:36 | 1196893 SilverDOG
SilverDOG's picture

Nope, instead we ALL will need to be.

Fri, 04/22/2011 - 14:47 | 1196958 Conrad Murray
Conrad Murray's picture

Contact these gentleman with your thoughts:

Roberto Rigobon
rigobon@mit.edu
Professor of Economics
Applied Economics Group
MIT – Sloan School of Management

Alberto Cavallo
acavallo@mit.edu
Assistant Professor of Economics
Applied Economics Group
MIT – Sloan School of Management

 

Here is another project; it attempt to crowdsource grocery inflation data:
http://www.912superseniors.org/cola-project/cola-project-results/

And a random, good read, "An Analysis of U.S. Fiscal and Generational Imbalances: Who Will Pay and How?":
http://www.imf.org/external/pubs/cat/longres.aspx?sk=24770.0

Fri, 04/22/2011 - 14:55 | 1196998 AR15AU
AR15AU's picture

+1 and Done...

What a fraud...  maybe Shadow Stats can do what MIT is apparently incapable of.

 

Fri, 04/22/2011 - 15:02 | 1197016 Conrad Murray
Conrad Murray's picture

I forgot to add this...

Beck did an entire show exposing the Federal Reserve Corporation and all of the TBTFs the other day. One of his best shows ever. For all you emotional faggots that see his name and BAAAWWWWWW, put your HuffPuff induced retardedness aside and watch it...I dare you not to like it:

http://www.youtube.com//watch?v=J13EhFN0lDw

Fri, 04/22/2011 - 15:15 | 1197106 Agent 440
Agent 440's picture

Beck rocks. : )

Fri, 04/22/2011 - 18:06 | 1197697 Johnny Lawrence
Johnny Lawrence's picture

I never watch Beck, but this is absolutely amazing.  I wish every American would watch this episode.

Fri, 04/22/2011 - 18:27 | 1197738 Conrad Murray
Conrad Murray's picture

Yea I probably shouldn't have been so crass in my above comment as it may turn people away. Truly something everyone needs to watch and spread.

Fri, 04/22/2011 - 22:59 | 1198284 jeff montanye
jeff montanye's picture

inside job isn't bad either.  imo a multi front pincer movement is in order.  like the nyt taking orders from the cia and bush, so mit from the treserve:  all the thoughts fit to think.

Fri, 04/22/2011 - 20:46 | 1197995 island
island's picture

While I think what Beck shows about what is going on with the financial and economic side of things is accurate, he is way off is his assigning distain for "progressives."   This is where Beck loses me -- he is basically a fanatic who turns facts into a diatribe that serves his own political agenda.

Progressives (e.g. Bernie Sanders, Michael Hudson, William Black, Chris Hedges, David Korten) have been just as adamant, or more so, about the dangers of bigCorpa, the banksters, and concentrated influence and wealth -- and for far longer than Beck.

In addition, Beck, while touting the benefits of competitive markets, fails to explain that "free markets" always, by their very nature (the drive toward maximizing profits = the drive toward monopoly), lead to less competitive markets.  Thus, I maintain, the primary ecomomic role of government in a Capitalistic economy is to ensure competitive markets (via anti-trust laws (enforced), educating the populus, implementing progressive taxation, etc.)

Sat, 04/23/2011 - 03:53 | 1198563 Kopfjager
Kopfjager's picture

"Free markets always, by their very nature lead to less competitive markets. The drive toward maximizing profits = the drive toward monopoly."  Sounds like you took college seriously!  

Yet the only "free market" that exists is the underground market and that has never witnessed a monopoly.  Even better, the underground economy is thriving while the centralized economies are in a recession.  

Sat, 04/23/2011 - 00:49 | 1198444 Banjo
Banjo's picture

Conrad Murray: My apologies I didn't appreciate the condescending presentation. dumbed down he (Beck) is the school teacher  withblackboard chalk and pointer.

Takes extremist (straw man) position "all bankers are bad", "all of wall st"

Forget it's a wonderful life he should be referencing Bill Still's The Money Masters.

Usual fake Left/Right WWF paradigm being promoted.

Sorry thumbs down.

 

Fri, 04/22/2011 - 16:12 | 1197345 Bearish News
Bearish News's picture

If it was a political job to get the data pulled, you'd have to wonder what was necessary to make the researchers (who obviously saw value in the service) sacrifice their professional integrity by killing a project they've worked on for years. Maybe they got job offers in the financial sector? Mostly kidding.

I followed BPP regularly. For a while they disappeared the comparison with CPI, then it came back. Now it's all gone. If something happens to John Williams, I will call shenanigans (quietly, to myself).

Fri, 04/22/2011 - 17:13 | 1197556 traderjoe
traderjoe's picture

University economics departments are bought and paid for. All it would take is a corporate consulting gig - or the obvious threat of being in academic Siberia.

Fri, 04/22/2011 - 16:55 | 1197491 CrazyCooter
CrazyCooter's picture

I got down to around page 10 of the IMF doc (awesome link BTW) and started giggling when noticed the "male" blue line was humping the "female" red line in all four charts ...

Regards,

Cooter

Fri, 04/22/2011 - 21:25 | 1198077 JW n FL
JW n FL's picture

Thank You Connrad! Email Sent!

Plus a Trillion Oz.'s of Silver for you!

Fri, 04/22/2011 - 15:00 | 1197010 Dr. Kenneth Noi...
Dr. Kenneth Noisewater's picture

Do/will they release their raw data for public analysis?

Fri, 04/22/2011 - 14:58 | 1197012 HelluvaEngineer
HelluvaEngineer's picture

Most likely they got a phone call from Lieberman.

Fri, 04/22/2011 - 15:12 | 1197102 gabeh73
gabeh73's picture

First they took away the CPI comparison on the chart because it made the official CPI look silly...sevreal people(me included) complained and they brought it back. However, they shut the blog down soon afterwards so we couldn't post questions or critical discussion about monetary policy on there any longer.

Fri, 04/22/2011 - 17:02 | 1197492 hedgeless_horseman
hedgeless_horseman's picture

Oceania has always used the World Inflation Index.

Ignorance is strength.

Fri, 04/22/2011 - 18:30 | 1197740 DonutBoy
DonutBoy's picture

Room 101 for you horseman.  My alma mater - how sad.

Well, opportunity knocks.

Fri, 04/22/2011 - 19:39 | 1197877 robobbob
robobbob's picture

awesome....

if it weren't so sad

Sat, 04/23/2011 - 09:40 | 1198819 Cursive
Cursive's picture

@hedgeless horseman

Simply beautiful, HH.  I also recommend "Brazil" if no one has seen it.  From 1986 and with a 1984ish theme, it was Terry Gilliam's brilliant take on Orwell.

http://www.youtube.com/watch?v=4Wh2b1eZFUM

 

 

 

Sat, 04/23/2011 - 22:33 | 1200228 Dirt Rat
Dirt Rat's picture

One version of Brazil can be found in full at google video.

Fri, 04/22/2011 - 18:54 | 1197788 Confucious 222
Confucious 222's picture

"Well, maybe they didn't want to end up like Kennedy"

DING DING DING

We have another winner, folks!

Fri, 04/22/2011 - 22:09 | 1198163 Tail Dogging The Wag
Tail Dogging The Wag's picture

"Investors need to diversify, they need to own some real estate, they need to own some farmland, they need to own some equities, some cash, and some precious metals..."   Marc Faber —Investment analyst

Got real estate and farmland outside your home country yet?

http://www.thorssoncapital.weebly.com

Mon, 04/25/2011 - 14:30 | 1204539 66Sexy
66Sexy's picture

"Well, maybe they didn't want to end up like Kennedy"

Or Jesus Christ. Mathew 21:12 The only violent act of Christ was overturning the tables of the "money changers". ... Most likely why he was crucified.

What are WE justified in doing?

Fri, 04/22/2011 - 14:31 | 1196868 JoeSexPack
JoeSexPack's picture

How many palletes of Fed notes were needed to bribe?

Fri, 04/22/2011 - 14:53 | 1196974 Sudden Debt
Sudden Debt's picture

I can only give you the numer of dumptrucks used... must be because of the metric system...

 

 

Fri, 04/22/2011 - 15:35 | 1197212 JoeSexPack
JoeSexPack's picture

I've often wondered how many pallets of Fed notes we ZH types would need to stop protesting their scam.

That's how they've done it so long, buying off opposition using printed cash.

Shrink-wrapped & left on my driveway each morning.

Sat, 04/23/2011 - 08:15 | 1198732 Antidisestablis...
Antidisestablishmentarianismist's picture

I'll take printed cash.  You can still convert it to gold and silver and ammunition.  Don't know how much longer, though!

Fri, 04/22/2011 - 15:50 | 1197275 pods
pods's picture

Just one.  Wrapping paper for the bullet.

pods

Fri, 04/22/2011 - 14:33 | 1196878 JustPrintMoreDuh
JustPrintMoreDuh's picture

viva corruption slaves, and hail the NWO!

Fri, 04/22/2011 - 14:33 | 1196879 Dr. No
Dr. No's picture

If gathering the data for individual contries was too difficult, that means they are gathering less data.  Additionally, they are gathering easier data.  So what is the blended number suppose to mean?  The blended is comprised of less data as well as chosen data.  Not much use.  Lump it with CPI.

Fri, 04/22/2011 - 14:46 | 1196943 topcallingtroll
topcallingtroll's picture

Yes, their explanation otherwise makes no sense.

The blended data is comprised of the individual country data.

However i agree with a previous poster that they are now giving out free less accurate global data, and the labor and cpu-intensive detailed data will be subscription only.

Fri, 04/22/2011 - 15:07 | 1197013 knukles
knukles's picture

Fuck it.  MIT is another progenitor of the high and mighty global elites, so why were we even thinking that it'd last? 
Back to the old Scrooge McDuck Quantity Theory of Money cartoons, counting the gold in his vault, clearly reminding us that too much money everywhere, every time is an inflationary incendiary pile.
Thus, retreating from hard data to assuming the worst.
The more truth is supressed, the worse it becomes as credibility erodes.

"Progress led by confusion boats.,
Mutiny from stern to bow"

 

(Freddie Mishkin is an academic product of MIT.)

Fri, 04/22/2011 - 18:31 | 1197746 DonutBoy
DonutBoy's picture

No, what made these men tools was in them before they got there.  What MIT does is stamp an imprimatur of credibility on their nonsense.

Fri, 04/22/2011 - 15:08 | 1197024 narnia
narnia's picture

simplest explanations here are that (1) there's a major flaw in their model & they don't want to admit it or (2) they were pressured to take it down.  

i think this calls into question the legitimacy of the model.  

maybe the answer is a ZH smartphone barcode ap to capture pricing nationwide from contributors?

Fri, 04/22/2011 - 15:07 | 1197060 topcallingtroll
topcallingtroll's picture

I think the simplest answer is they realize they have a goldmine, but want to get their subscription base up and running before anybody tries to copy them. Give a.vague false answer as to why it is not currently available.

Fri, 04/22/2011 - 14:33 | 1196880 AldoHux_IV
AldoHux_IV's picture

Maybe Obama thought they were "speculators" and didn't like the fact they were misinforming the public.

Fri, 04/22/2011 - 14:55 | 1196987 Sudden Debt
Sudden Debt's picture

yes, they didn't follow the script.... how UNpatriotic can one be?

 

 

Fri, 04/22/2011 - 14:33 | 1196883 apberusdisvet
apberusdisvet's picture

It looks like my alma mater has sold out to the disinformation pysops clique.  Shame.  There was a time when I was proud to be a graduate; before the Institute sold out to the NWO meme.

Fri, 04/22/2011 - 14:43 | 1196934 faustian bargain
faustian bargain's picture

me too. Really irks me that Bernanke's PhD is from there too.

Fri, 04/22/2011 - 15:18 | 1197126 gabeh73
gabeh73's picture

I went there too and still like the place a lot. However, it has been a tool of the military industrial complex for a long time.

 

Did you take any economics classes there? blind support of the central banking.

 

 Political science? brainwashing to look at world through a false left-right paradigm

 

Fri, 04/22/2011 - 16:15 | 1197344 Irwin Fletcher
Irwin Fletcher's picture

Don't forget Lincoln Labs. If you agree to work there, I understand that you're later assigned a project of someone else's choice, and that's the project you work on. You just hope it's the Navigating Sharks with Laser Beams Project, rather than the bunker busting cluster bombs project.

Fri, 04/22/2011 - 15:27 | 1197181 Buckaroo Banzai
Buckaroo Banzai's picture

MIT went down the rathole when they went outside the Institute (for the first time in its history) and made that shitbag Chuck Vest president. You knew the takeover of the Politically Correct CorpGov Borg was complete when some fucking woman was appointed after Vest left.

Ugh.

Fri, 04/22/2011 - 14:34 | 1196885 Bagbalm
Bagbalm's picture

Like even the dimmest bulbs can't see reality when they go grocery shopping. Too late to pretty this mess up folks.

Fri, 04/22/2011 - 15:00 | 1197018 Bam_Man
Bam_Man's picture

Is your first name "Laurent"?

Fri, 04/22/2011 - 16:41 | 1197453 hedgeless_horseman
hedgeless_horseman's picture

In the old days we had price tags on each  can and box in the pantry.  That way, when FIFOing the Campbell's Soup it was easy to see if prices were going up.  These days one must keep one's receipts.

Fri, 04/22/2011 - 14:34 | 1196895 Mae Kadoodie
Mae Kadoodie's picture

Individual country data?....annd it's gone!  Please step aside this line is for "blended average" only.  

Do NOT follow this link or you will be banned from the site!