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MIT's Billion Prices Project Gets The (Permanent?) Axe

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Mon, 04/25/2011 - 14:09 | 1204404 AldoHux_IV
AldoHux_IV's picture

Damn price speculators got shut down by the Obama SS.

Mon, 04/25/2011 - 14:23 | 1204486 TruthInSunshine
TruthInSunshine's picture

The U.S. Mint will soon display this same message.

Mon, 04/25/2011 - 14:24 | 1204512 SheepDog-One
SheepDog-One's picture

As will all banks one morning.

Mon, 04/25/2011 - 14:35 | 1204561 TruthInSunshine
TruthInSunshine's picture

That would scare the sheeple.

I bet they'd break some shit and then mill around aimlessly in the streets.

Mon, 04/25/2011 - 14:42 | 1204605 Spastica Rex
Spastica Rex's picture

Not in the summer -- too hot outside.

Mon, 04/25/2011 - 14:51 | 1204646 pods
pods's picture

First thing they will do when the power goes out is steal a big ass TV.

pods

Mon, 04/25/2011 - 15:59 | 1204953 Cleanclog
Cleanclog's picture

You'd think they'd want Saudi input.  No reporting out of that country.  

Tue, 04/26/2011 - 10:51 | 1207792 JW n FL
JW n FL's picture

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!

Mon, 04/25/2011 - 14:22 | 1204488 Temporis
Temporis's picture

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?

Mon, 04/25/2011 - 14:29 | 1204531 Popo
Popo's picture

Yeah, we can't have just **anyone** running around and making 100% accurate measures of inflation.

/sarc

Mon, 04/25/2011 - 15:53 | 1204925 Gold 36000
Gold 36000's picture

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.

Mon, 04/25/2011 - 14:38 | 1204584 Pladizow
Pladizow's picture

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.

Mon, 04/25/2011 - 14:45 | 1204630 JimRogers
JimRogers's picture

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!

Mon, 04/25/2011 - 15:51 | 1204867 Dejean Splicer
Dejean Splicer's picture

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

Mon, 04/25/2011 - 15:57 | 1204956 Gold 36000
Gold 36000's picture

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.

Mon, 04/25/2011 - 16:28 | 1204996 Dejean Splicer
Dejean Splicer's picture

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.

Mon, 04/25/2011 - 16:00 | 1204979 Gold 36000
Gold 36000's picture

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.

Mon, 04/25/2011 - 16:29 | 1205112 Dejean Splicer
Dejean Splicer's picture

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.

Mon, 04/25/2011 - 16:57 | 1205218 Gold 36000
Gold 36000's picture

Looks like its simple thermometer function alone has caused quite a stir!

Mon, 04/25/2011 - 14:48 | 1204631 JimRogers
JimRogers's picture

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!

Mon, 04/25/2011 - 19:22 | 1205701 Tunga
Tunga's picture

"I don't really know what Zero Hedge is all about." - Boss Obama

Mon, 04/25/2011 - 14:11 | 1204410 depression
depression's picture

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.'

Mon, 04/25/2011 - 14:23 | 1204507 Conrad Murray
Conrad Murray's picture

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...

Mon, 04/25/2011 - 14:11 | 1204418 Cash_is_Trash
Cash_is_Trash's picture

Information blackout is bullish!

(Means things are worse than ever)

Mon, 04/25/2011 - 14:25 | 1204504 chumbawamba
chumbawamba's picture

GOLD BITCHES!!

Mon, 04/25/2011 - 14:35 | 1204566 Cognitive Dissonance
Cognitive Dissonance's picture

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. :>)

Mon, 04/25/2011 - 14:38 | 1204595 Pladizow
Pladizow's picture

WHY?!?

Mon, 04/25/2011 - 15:10 | 1204735 Cognitive Dissonance
Cognitive Dissonance's picture

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.

Mon, 04/25/2011 - 15:21 | 1204775 RockyRacoon
RockyRacoon's picture

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.

Mon, 04/25/2011 - 16:03 | 1204970 Pladizow
Pladizow's picture

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?!?!

 

Mon, 04/25/2011 - 16:18 | 1205059 Gold 36000
Gold 36000's picture

I think he means that chumba doesn't pay his bills. Hey I have had those fantasies too.

Mon, 04/25/2011 - 16:31 | 1205108 Cognitive Dissonance
Cognitive Dissonance's picture

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.

Mon, 04/25/2011 - 18:24 | 1205530 gasmiinder
gasmiinder's picture

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.  

 

 

Mon, 04/25/2011 - 19:00 | 1205641 Cognitive Dissonance
Cognitive Dissonance's picture

Pladizow was arguing with reason and facts? Wow do you need glasses.

You got me pegged. Thanks for outing me.

Mon, 04/25/2011 - 22:38 | 1206420 gasmiinder
gasmiinder's picture

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?

Tue, 04/26/2011 - 06:17 | 1207025 Cognitive Dissonance
Cognitive Dissonance's picture

Who the hell said anything about Pladizow?

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.

Tue, 04/26/2011 - 22:17 | 1209971 gasmiinder
gasmiinder's picture

how would I know you are talking about anything else?

You could try reading the comment.

Abusive ad hominem (also called personal abuse or personal attacks) usually involves insulting or belittling one's opponent in order to invalidate their argument, but can also involve pointing out factual but ostensible character flaws or actions that are irrelevant to the opponent's argument

 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).

Mon, 04/25/2011 - 16:00 | 1204966 Dejean Splicer
Dejean Splicer's picture

"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....

Mon, 04/25/2011 - 16:37 | 1205130 Cognitive Dissonance
Cognitive Dissonance's picture

Hey fluffer. Take your hand off the actor's business and shut the fuck up.

http://en.wikipedia.org/wiki/Fluffer

 

A fluffer is a hired member of the crew of a pornographic movie whose role on the set is to sexually arouse the male participants prior to the filming of scenes that require erections.[1]

Mon, 04/25/2011 - 18:06 | 1205458 Dejean Splicer
Dejean Splicer's picture

That's the best you could do? Each and every time you are proving yourself less worthy of my companionship.

Until we meet again.

Mon, 04/25/2011 - 18:11 | 1205485 Cognitive Dissonance
Cognitive Dissonance's picture

....you are proving yourself less worthy of my companionship.

Companionship? Too funny.

I suggest you put the magic mushrooms down and just walk away.

Mon, 04/25/2011 - 15:00 | 1204698 centerline
centerline's picture

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.

Mon, 04/25/2011 - 20:36 | 1206104 Hulk
Hulk's picture

Now that is just immature. I am completely shocked and appalled...

Mon, 04/25/2011 - 14:10 | 1204425 NidStyles
NidStyles's picture

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.

Mon, 04/25/2011 - 14:15 | 1204462 Conrad Murray
Mon, 04/25/2011 - 14:48 | 1204643 NidStyles
NidStyles's picture

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.

Mon, 04/25/2011 - 19:33 | 1205758 Gold 36000
Gold 36000's picture

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.

Mon, 04/25/2011 - 14:11 | 1204428 Dr. Kenneth Noi...
Dr. Kenneth Noisewater's picture

I guess a few folks in black suits were telling the researchers to go have a seat on a park bench..

Mon, 04/25/2011 - 19:28 | 1205732 Tunga
Tunga's picture

Black suits, Blackrock, Blackwater... pretty soon you're talkin' real terror. 

Mon, 04/25/2011 - 14:14 | 1204431 tekhneek
tekhneek's picture

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?

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