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MIT's Billion Prices Project Gets The (Permanent?) Axe
After Zero Hedge stirred up a hornets' nest this weekend over some recent dramatic changes in MIT's Billion Prices Poject (here and here), it appears the entire venture has been put on indefinite hiatus. It seems a few more (important) people have now realized the implicit value of this information and decided to remove it entirely from the public domain. In the meantime we can only hope that alleged lawsuit by China to prevent its real inflation data from becoming public goes nowhere fast.
Read the previous two articles and the comments to see what may have brought on this stunning development.
We can only hope we are wrong that this is a permanent resolution of disclosure of critical data to the public.
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Damn price speculators got shut down by the Obama SS.
The U.S. Mint will soon display this same message.
As will all banks one morning.
That would scare the sheeple.
I bet they'd break some shit and then mill around aimlessly in the streets.
Not in the summer -- too hot outside.
First thing they will do when the power goes out is steal a big ass TV.
pods
You'd think they'd want Saudi input. No reporting out of that country.
Email from MIT.. Alberto seems like a real nice guy, let’s Hope / Pray that we are Not! Putting him in a hard spot by pushing for Honesty, there have to be more people against the idea of Honesty right now than for. Whether the M.I.T. Guys / Gals get that or Not, I doubt. They seem to be a fairly singular focused type of crowd thus far.
James,
Sorry for the delay in getting back to you, and thank you for your email. We were surprised to see how people have reacted to last week's message on the site. Clearly more people are following us on a daily basis that we initially thought. Still, this confirms that we have a huge responsibility to make sure the index is reliable and never fails. You must imagine that doing so takes a huge amount of time and resources, which are hard to sustain in an academic context. We are nevertheless committed to the production of these indexes, and are looking for ways to keep the information updated. We will have more details available soon on the website, but you can be certain that we have not received any pressure from anyone to stop publishing the data.
Thanks a lot, Alberto
Connrad! Good idea to email! Looks like we do have a voice at FightClub!
Hold back the information now and then release it after the election.
Then use that information to implement new forms of "Change" upon release.
Sounds like a good plan ehh Comrade?
Yeah, we can't have just **anyone** running around and making 100% accurate measures of inflation.
/sarc
Hey man this is a universal price aggregator with microsoft's airline fare predictor built in. It can front run everyone that doesnt have it, the IRS can use it to find false corporate tax returns. It will manage your inventory. This is the new google of finance and the cat is out of the bag.
I can go to the market and put 999,999,995 fewer items in my cart and come to the same conclusion as MIT.
Shit costs more and as long as the Fed exists, always will.
Buy PM's.
Sorry to jump the que.
Why can't we just crowdsource this technology?
Won't a substitute emerge imminently?
Cmon Tyler, don't drop the torch!
If it was really worth a shit, it would have been done already.
Who gives a shit about crowdsourced data anyway. If you have any idea how easy it is to manipulate CS-data(similar to how easy it is to amass millions of hits on your website with only 10-20 non-shill unique users in your comment section :~0 ) , then you too will buy my tee shirt.
WHO GIVES A SHIT ABOUT THE BILLION PRICE PROJECT.
graphic-->[a yellow smiley face with a bullet hole in the temple with a middle finger sticking up].
http://www.zerohedge.com/article/billion-price-tee
~D'jean
It has been done already in bits and pieces. I wouldnt be surprised if some Wal Street groups have had one for years. You have no idea what this thing can do, or will do when finished. Otherwise you wouldn't say that.
Is the age bracket for all idealists between 16 - 26?
It was on schedule to be sacrificially usurp within 1-2 months. Now that the cat is out of the bag I predict it will be pwn'ed 2 days after go-live.
The concept is sexy but the implementation will have so many holes she'll sink within 6 months. Ask Slewie the Pie-rat he'll tell you.
Give the guys at shadowstats a link to the two zero hedge articles. They will help crowd source it. I cannot send links. This is the google of finance for those who understand what it can do.
Your understanding of finance must be lacking a mature perspective. You may want to hire a few consultants for your little pricing engine so they can show you how it's going to fail.
Looks like its simple thermometer function alone has caused quite a stir!
Sorry to jump the que.
Why can't we just crowdsource this technology?
Won't a substitute emerge imminently?
Cmon Tyler, don't drop the torch!
"I don't really know what Zero Hedge is all about." - Boss Obama
Please refer all questions to www.bls.gov/cpi/
'The index for all items less food and energy rose 0.1 percent in March after increasing 0.2 percent in February.'
Speaking of energy prices, here is a campaign to bring some attention to it, since The One still has the media under his spell:
http://yourdaddy.net/2011/04/25/the-gas-pump-hope-and-change-sticky-note...
Information blackout is bullish!
(Means things are worse than ever)
GOLD BITCHES!!
For those relatively new to ZH chumbawamba was THE original "bitches" poster here.
Sorry chumba. I might have just increased your junk count while saluting your unorthodox style. But people need to know who is old school around here. :>)
WHY?!?
I respect my elders no matter how much of an asshole they might be. Always remember that we'll be there some day.
Chumba may have his moments (just like we all do) but he always cuts to the chase and won't tolerate bullshit. You may not like what he has to say, but he has the balls to stand up and say it. And most importantly from my point of view he walks the walk. A lot of people don't like it when he tells them to shut up and do something about it besides bitching all the time. The truth hurts regardless of whether they think they should do something or not.
We must protect those who we don't always agree with in order to clear the way for those we do. That's the idea anyway. Besides, while chumba is suffering the slings and arrows I get to slip in the back gate and blow the place up. :>)
Thanks chumba.
There you go being reasonable again. I'm about sick of your rationality.
Just messin' with ya, of course.
Now, if you'll excuse me, I think I'll go junk Chumba. You know, make him feel at home.
To: Cognitive Dissonance
Wow - get off Chumba's Dick!
What are you the ZH mom - with all that preaching?
"He walks the Walk" - are you kidding, why because of what he says on an internet message board?
STFU with that stupidness - Do you respect me now?!?!
I think he means that chumba doesn't pay his bills. Hey I have had those fantasies too.
Actually I have had contact with Chumba off line. So he is more than just an avatar and a filthy mouth whereas you are just a filthy mouth. There is a world out there beyond ZH and some of us actually know each other.
BTW try building community rather than destroying it. You might just need it some time when you least expect it.
So now I understand CogDiss definition of "building community" - have a filthy mouth and scream meaningless challenges. Try to argue with reason and facts and you will immediately receive his much feared "obvious shill not a REAL zero-hedger" label.
Pladizow was arguing with reason and facts? Wow do you need glasses.
You got me pegged. Thanks for outing me.
Who the hell said anything about Pladizow? I was talking about your standards and your clearly stated contention in the past that 1) arguing rationally, 2) writing coherently, 3) not ranting on topics where one has no knowledge, and 4) refusing to engage in ad hominem, when taken together, are incontrovertible evidence that one is not a REAL Zero Hedger.
But you describe profanity and meaningless insults as "building community". Then of course you wonder why folks don't stick around to participate in your 'special' group for ever and ever ...........think....... think..... ...think.............hmmmmmmmm
Perhaps folks don't find reading profanity and insults devoid of information or intellect to be a valuable use of their time?
Since I was involved in a discussion with Pladizow when you jumped in how would I know you are talking about anything else? I love how you claim to take the high road yet you have no problem insulting and directing ad homs yourself. Nice technique.
Once again it's time for gasmiinder to disappear for a few weeks just so gasmiinder can pop in and begin trolling. That is your history, correct? Good bye gasmiinder. See ya in a month or so.
You could try reading the comment.
You can feel free to point out how anything I said above falls into that definition. Was I insulting you to point out your previous comments (that you thought so highly of you linked back too?). If by "claim to take the high road" you mean claim to use facts and logic then I plead guilty. Feel free to point out anywhere I've claimed anything beyond that.
And yes - I only comment if I feel a point needs to be made that will actually ADD to the conversation. I understand you feel that anyone who doesn't NEED to continually post in order to validate their importance isn't a TRUE zero hedge devotee. On the other hand I understand that there really aren't thousands of people out there hanging on my every brilliant utterance - thus I only step in if I have something to say (beyond insults or long-winded navel gazing - that's right I read your posts).
"But people need to know who is old school around here."
Yea man, like there is soooo much equity in your brand on the hedge. Like totally!
BTW, it's bitchez....
Hey fluffer. Take your hand off the actor's business and shut the fuck up.
That's the best you could do? Each and every time you are proving yourself less worthy of my companionship.
Until we meet again.
Companionship? Too funny.
I suggest you put the magic mushrooms down and just walk away.
Got to give us morons an update sometime regarding your (credit) adventures.
I'll be here for a little while anyhow - staring at Pladizow's avatar.
Now that is just immature. I am completely shocked and appalled...
I would be happier if they open sourced the whole project and allowed someone else to develop it. I know this will likely never happen, but I'm sure some motivated software engineer's can get cracking on something similar.
I wonder if this plan suffered a similar fate?
http://blogs.forbes.com/parmyolson/2010/10/12/google-price-index-could-g...
Typical of statist action's to hide reality so they can retain their tenuous illusion of control. Human's are quite depraved for resorting to any sort of system that has to lie to them to remain valid.
Goes back to the argument by Shapiro on beg, borrow, and steal. The begged their way in, they borrowed to remain on top, and they will steal on their way out.
I bet this is the original one. Wall Street has been using it already with a license fee to google of one million per year per entity, with appropriate nondisclosure clauses. To think we had a chance trading against those guys.
I guess a few folks in black suits were telling the researchers to go have a seat on a park bench..
Black suits, Blackrock, Blackwater... pretty soon you're talkin' real terror.
Would everyone just calm down? The Bernank can revert inflation in 15 minutes or less. Besides, we have the CPI and CPI-U and that's all that matters.
Tyler, is inflation still run rated at 10.8% annually in the US per the MIT project or do you think that metric's long gone now?
Hummmm, do you think silver had anything to do with it Blythie?
It's wonderful how much precision is in the forward thinking tanks these days...
Meanwhile, GS is busy hooking it up to their beefiest HFT server...
Frontrunnin', bitchez!
I mean why continue it when it could actually shed light on the most important issue currently facing our economy? I am now fully convinced the eggheads are seeing dangerous inflation in their data.
You understand! You get it!
You read the article so you know what this thing can do. A universal price aggregator and predictor is just one thing a financial google can do. The IRS can also use it to detect fraud.
Obama sure did his best in "countering" the terrorist speculators.
It's good to see only the Wall Mob gets to see it in advance...
This information needs to be liberated from it's captors. Anonymous.
+100 A great pet project for Anonymous.
Sweeten the pot: Over 9000 internets, a dozen N52 neodymium magnets, and one delicious moist cake, to whoever makes this happen.
The internet is dangerous!!! Beware!
If you have nothing nice to say, don't say anything at all.
+1
Proving once again that No good deed goes unpunished...and no truth that threatens the ongoing ponzi scheme shall ever reach the ears of the masses.
"We think you've really come up with something important here, and we're going to assure your funding from here on out. This is great work you are doing. We're very excited about it. Your new liason is located in Langley Va. Here's how you will be securely corresponding.
We know it's difficult, and this is just a temporary measure. I'm sure, but for now we'll be requiring you to treat all this work as stricly secret. We'll have someone come over to spend some time with you on how you can do that.
Again, great work, and welcome aboard!"
Well that didn't take long for the MIT prof's to get bitch slapped back to the lab basement. Guess that means we won't be seeing the flux capacitor gen 2 prototype on you tube anytime soon.
Shutting Down a Budget Transparency Tool http://usaspending.gov/ to *Save Money*? How / Where does the Gov. Spend “We the People’s” Money?
Looks like anything near the truth is getting shut down!
Daily Kos: Republicans responsible for whistleblower 'secret hold' http://goo.gl/O3I9W Lobby Whore Republicans Protecting the Corporations AGAIN!
Senate Republicans blocked a Democratic Bill to End tax Breaks for Moving U.S. Jobs Offshore! http://goo.gl/6qhnK
Re: Tax credits/off-shoring
Repub fucks deserve to burn.
They claim the Dems trying to block was a stunt to undermine job growth?
What fucking job growth?
Senate Republicans blocked a Democratic Bill to End tax Breaks for Moving U.S. Jobs Offshore! http://goo.gl/6qhnK
http://www.shadowstats.com/alternate_data/unemployment-charts
You will be pissed when you see closer to the truth numbers.. that are watered down, by the Government and then the Media.. then what the numbers should look like if something like "Facts" where used in the math of it all.
Sorry to share terrible News.. but let the Truth set us ALL! Free!!
Run to the light.
There is truth in the bright sunlight.
Bitchez.
If these guys have stumbled upon something that has real commercial value I can't say I blame them/MIT for trying to monetize it...although if someone like Goldman ends up making a mint off a technology they first learned about on ZH, I can understand why some pencils might get snapped in anger.
Yeah, it would be nice if Google/Wikipedia/Wikileaks or some other information freedom/do-gooder outfit were able to keep this thing running but as I said before, I don't see why it can't be replicated (for commercial or public domain purposes) elsewhere without involving a Manhattan Project amount of time/effort/money.
I still think the idea that this tech is the One Ring To Rule Them All of global business is a little much. And if inflation gets bad enough you won't need a super computer program to connect the dots for you.
These guys didn't simply stumble upon something that has real commercial value. They knew it had immense value, or they wouldn't have worked so hard to make it happen. Academics like money just the same as everyone else. You could even argue that they invented the concept of privatizing profits and socializing risk. Consider, for example, a tenured professor doing drug discovery research. He fails, or simply rests on his laurels and collects a salary, and the university-going, science-funding public pays for this. Or he succeeds, develops a successful drug, sells it to big Pharma, and pockets a lot of money. The university gets half I think. Now who pays? Everyone who needs this medication, and everyone else who pays their health costs/insurance. Basically, the working public.
I'm sure the system can be improved upon but in places where you don't have a significant profit motive in place (like most of the rest of the world) you don't get a lot of breakthrough drugs.
Very true, and there plenty of similar examples in engineering, chemistry, CS, physics, etc. The problem is not privatizing the profits - it's socializing the risk. Eliminating the tenure process is my suggestion to improve the system. Many of the world's best research institutes do not rely on tenure, but instead on reappointment at regular intervals, say 5 years.
What is the world, run by Ivy League jackfuks who never had a real job look like? Ours!!!
It's not in the internet archive on wayback either...
Wiped clean bitches.
http://web.archive.org/*/http://bpp.mit.edu/
http://bpp.mit.edu/about-us/
Rocky Raccoon!
MIT: "Who's ZH? I've never heard of them..." Lolz.
Bringin' the change bitchez!
I hate rap.
TPTB weren't too keen on unfiltered raw data (i.e. truth) in the hands of the populace
Yep they figure they can just say 'no inflation' while gas goes over $5 and food prices shoot up, that should keep em fooled.
. . . and in related news, cold fusion breakthrough bought by Exxon.
The promise was hope and change, not accurate, publicly available data.
Exactly, how could we have 'hope' if we knew the real data.
its just Obama hoping that he can change the truth
Someone's going to end up dead in a hot tub.
+1
Please refer all questions on this matter to Vincent Foster or James McDougal or Victor Raiser or Paul Tully or Mary Mohaney or Jerry Parks or ... well you get the idea
who needs the MIT anyway to tell u how freaking expensive everything has got?
Dude you do not understand. This is not a thermometer. Its a fraking space shuttle.
Fuck MIT.
This guy is still on the job.
http://www.shadowstats.com/article/hyperinflation-special-report-2011
Give him a link to the articles. I do not know how. If shadowstats understands the implications of a fully functional financial search engine then they might get with google or someone and develop their own.
Reactor containment vessel breached, geiger counters offline...
Under Survey (bitches)
MIT Sloan recognizes with great appreciation those organizations that have made gifts of at least $5,000 in unrestricted contributions to the Dean’s Fund for Innovation, or at least $10,000 toward various other priorities of the School during the 2009 fiscal year. Contributions in this category provide critical support for capital projects, new initiatives, innovative educational activities, diversity fellowships, sponsorships for student conferences and special events, and other needs identified by the School.
Don't look now and sorry for the OT post, but TEPCO is 'watching' the temp rise in spent fuel pool 4 (the one with the fresh core in it as well as thousands of other fuel rods) despite increased watering. 80-90 Celsius...isn't 100 important for some reason?
From NHK:
The operator of the troubled Fukushima Daiichi nuclear power plant is carefully monitoring the situation at the Number 4 spent fuel pool, where the water temperature is rising despite increased injections of cooling water.
Tokyo Electric Power Company, or TEPCO, says it will inject 210 tons of water into the pool on Monday, after finding on Sunday evening that the temperature in the pool had risen to 81 degrees Celsius.
The utility firm had earlier limited the amount of water being injected into the pool to 70 tons a day, saying the weight of the water could weaken the reactor building, which was already damaged in last month's hydrogen explosion.
On Friday, TEPCO found that the pool's temperature had reached 91 degrees, so it began injecting 2 to 3 times the amount of water.
TEPCO says the pool's water temperature dropped to 66 degrees on Saturday after water was injected, but started to rise again, to 81 degrees.
The operator says the water level in the pool was 2.5 meters lower than normal after 165 tons of water were injected on Sunday. It is carefully monitoring the water level and temperature to avoid further troubles.
The Number 4 spent fuel pool stores 1,535 fuel rods, the most at the nuclear complex.
Monday, April 25, 2011 12:04 +0900 (JST)
I hear Bernanke can cool the reactors in 15 minutes if the temperature gets out of hand.
To this day I regret posting that picture on ZH......which you promptly adopted as your avatar. :>)
I remember that day well. I mistook that picture for the yipper staring at the price of gold after he sold @ $1k
I love faustian's avatar. Pretty cool thing you did hooking him up with it.
Joseph Goebbles approves.
Thanks for the FUKU update Jim. Nothing like a toxicly radioactive boiling swimming pool, to bring in the Spring in Tokyo...
While this is getting interesting, so is the convergence trade of carry/es
Gee, I didn't see that coming...lol
All our data is presently at the data massage parlor and will remain there until it's happy ending. It will come back ready to lie through it's fucking teeth for the good of all mankind.
Has anyone done any research into how they collect data? Is there any reason why this project can't be replicated here (and perhaps improved)? There must be others here besides myself that have experience with researching and programming. I don't have much free time at the moment, but perhaps in a month or so I would.
Yes it can be replicated.
It is a price aggregator that aggregates every fucking thing out there.
Y After you develop the protocol to grab and identify every price on the internet a quant will help you sort it out...actually several quants.
Just aggregate the data and make it publicly available in a raw form. The rest of us quant types will sort the data out. Long live distributed computing!
Tyler, You can start 'Zero-price' site so everyone can post his/her local prices on food, gas, rents and everything critical.
Hardly a surprise but disappointing nonetheless. Looks like Uncle Money Bags has officially entered self preservation mode. Go thou and do likewise.
Looks like its back to me too
It is back, but do you realize what a financial search engine can do? Using it to give world average inflation data is like using the space shuttle as your backyard thermometer.
Am I missing something? I still see it, updated through yesterday. E.g. the USA value for 4/24 is 103.4018.
Maybe it just came back up a few minutes ago?
Yeah even though it might be back the data provided is useless.
I appreciate the professor Rigabon is overwork and underfunded, but if he doesnt take decisive action soon he will be left in the dust.
Dude Rigobon.....it is time to contact google and make a deal for your department before someone else does. You have at most a few months.
They have invented a financial search engine.
It is possible that ben's regulated utilities have had one for years.
That might explain some of their ability to front run.
The cat is out of the bag and the race is on!
Hmmmm, things that disappear?
>>>Credit and Credibility, Sense and Sensibility<<<
Crypto Fascist Hand-Shake-Down and Whisper
VVVVVVVV
''MIT (Money Is Truth) as long as we can print it''
http://www.youtube.com/watch?v=fkuOAY-S6OY
+++++++++++++++++++++++++++++++++++ Rage!
Try http://www.youtube.com/watch?v=VebOTc-7shU
The Gang of 6 Raising the Retirement Age & Reducing Social Security Benefits http://goo.gl/Aix0y / http://goo.gl/m8QMq All for the Surplus Dollars / Surplus I.O.U.'s
Sen. Ben Nelson [D(ick)-Neb.]
Gang of 6 Member Nelson, Ben (D-NE) $14 Million Dollar Lobby Whore http://goo.gl/i29tJ And! who owns him http://goo.gl/DvBWP
Sen. Mary Landrieu [D(ick)-La.]
Gang of 6 Member Landrieu, Mary L (D-LA) $24 Million Dollar Lobby Whore http://goo.gl/dwFxO And! who owns her http://goo.gl/tM3bG
Sen. Ron Wyden [D(ick)-Ore.]
Gang of 6 Member Wyden, Ron (D-OR) $23 Million Dollar Lobby Whore http://goo.gl/GnQKf And! who owns him http://goo.gl/zNRvN
Independent Dick Sen. Joe Lieberman, from Connectidick
Gang of 6 Member Lieberman, Joe (I-Conn) $49 Million Dollar Lobby Whore http://goo.gl/C7tSk And! who owns him http://goo.gl/XospA
Sen. Olympia Snowe [R(eally big dick)-Me.]
Gang of 6 Member Snowe, Olympia J (R-ME) $10 Million Dollar Lobby Whore http://goo.gl/5ArgP And! who owns her http://goo.gl/zj2JJ
Sen. Susan Collins [R(eally big dick)-Me.]
Gang of 6 Member Collins, Susan, M (R-ME) $14 Million Dollar Lobby Whore http://goo.gl/X8I73 And! who owns her http://goo.gl/1dcLY
http://www.dickipedia.org/dick.php?title=The_Gang_of_Six Reducing Social Security Benefits http://goo.gl/m8QMq All for YOUR! Surplus Money!
I believe it's back online. 3.44% annual inflation and climbing. Hooray for MIT.
GOLD, bitchez.
http://bpp.mit.edu/usa/daily-price-indexes/?country=USA
Hey top
It is a universal price aggregator with microsoft's airline fare predictor built in, but it will do more than predict fares! We really have left the horse and buggy age of price information management.
It's back online. And the US data is still there, which brings a smile to my face.
Couldn't some smarty pants make an app so regular users could update prices around North America? Would be very cool if iPhone or BBs could just scan UPC codes and with their GPS on provide a location to an app that is sent off to be compiled. BBs can scan those images but not UPC codes.
I guess you could have an app that had a basket of items, you select the item - Fruit Loops, select the serving size, enter price and your location is sent.
I love the new Protor and Gamble ads talking about all their products getting smaller - "so we all do our part for the environment". Inflation in a green wrapper.
Is the Fed desperate? It this the beginning of its end? It doesn’t take a rocket scientist to know that an official order was made to shut this site down. Is it possible that MIT President Susan Hockfield was connected to this cancellation as she is a highly connected political player being a corporate director of General Electric? (Her father, Robert Hockfield, was an attorney and an executive with GE.)
The Fed has huge problems and U.S. inflation is one of its top dog problems. Apparently, the Fed believes it and its agenda can’t bear the heat…
Here’s an excerpt from MarketWatch (Outside the Box) on Lee Adler’s account: Billion Prices Project Disappears Mysteriously – Commentary: Online gauge had been showing hot inflation… (Adler notes that the Billion Prices Project was showing much stronger inflation before MIT pulled the plug)…
NEW YORK (MarketWatch) April 25, 2011 — The U.S. country index of the Billion Prices Project, a real time inflation index published by the Massachusetts Institute of Technology, is no more.
The BPP tracked online prices of over a half million products sold online in seven nations. OK, so it wasn’t a billion prices, but it was certainly large enough to be a representative sample of a broad spectrum of products and services.
The U.S. index had recently become increasingly popular in the economic blogosphere. It was thus a growing source of embarrassment for the Fed because it showed much greater inflation across a wide spectrum of goods and services, generally not impacted by energy prices, than the Fed has been willing to admit to…
The announcement (it would no longer publish BPP country indexes) said that the country indexes were just too much work (I’m paraphrasing here), and that the team had more important economic research to tend to. This is like a politician quitting to "spend more time with the family.” ...
Adler, who is the publisher of the Wall Street Examiner, writes: “Being the cynical sort that I am, I don’t think that this is coincidence or due purely to the MIT Sloan School of Management needing to get back to its more important research. The data that they were providing was increasingly a thorn in the Fed’s side. Suddenly, and with no good reason or significant advance notice, it’s gone. Connect the dots.” ...
http://www.marketwatch.com/story/billion-prices-project-disappears-mysteriously-2011-04-25
Thanks for that article and link.
I'm an educated man (not bragging - but I worked hard for a long time) and consider myself a gentleman, also, so ladies, please put your earmuffs on now.
I am getting very sick of these motherfuckers at The Federal Reserve. These assholes need to be put on sedition notice, very quickly.
There should be trials. Due process is important.
There should also be the blade and noose.
I don't think you heard Ben the first time. Inflation in the United States remains "quite low," Bernanke said. He blamed higher prices on strong demand from fast-growing countries such as China_ not the Fed's policies to stimulate the economy, including buying $600 billion worth of Treasury debt.
http://news.yahoo.com/s/ap/20110209/ap_on_bi_ge/us_bernanke
Why would we need to track it? What the sheeple don't know won't hurt them.
Seems to be working now, at least US only.
No good deed goes unpunished...
Now Prof. Rigobon knows how it felt to Icarus when he came too close to the sun (i.e. the truth)
without government funding MIT cant do their job of educating Americans
.
dont like it next time buy republican
The Ministry of Truth is looking into the matter. They are still busy with Fukushima stories that,"It's only a tiny leak."
Poor bastards...they are now applying the digital divide to their final victims
Email from MIT.. Alberto seems like a real nice guy, let’s Hope / Pray that we are Not! Putting him in a hard spot by pushing for Honesty, there have to be more people against the idea of Honesty right now than for. Whether the M.I.T. Guys / Gals get that or Not, I doubt. They seem to be a fairly singular focused type of crowd thus far.
James,
Sorry for the delay in getting back to you, and thank you for your email. We were surprised to see how people have reacted to last week's message on the site. Clearly more people are following us on a daily basis that we initially thought. Still, this confirms that we have a huge responsibility to make sure the index is reliable and never fails. You must imagine that doing so takes a huge amount of time and resources, which are hard to sustain in an academic context. We are nevertheless committed to the production of these indexes, and are looking for ways to keep the information updated. We will have more details available soon on the website, but you can be certain that we have not received any pressure from anyone to stop publishing the data.
Thanks a lot, Alberto
Connrad! Good idea to email! Looks like we do have a voice at FightClub!
##eople have now realized the implicit value of this information and decided to remove it entirely from the public domain.
###
i never understood logic that someone somehow conceals true pace of inflation from ordinary people..
are ordinary people stupid ? dont they shop each and every day/week/month ? cant they just compare receipts against prev month/qrt/year? is that so hard ?
alx
Not in the winter. Too cold outside.