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Maybe is a State Issue to control the real data (and hide the bad stuff) ...to keep us informed of what they real want to inform...not only in the US in any government.
One idea for this MIT guy...
*Control Offshore Accounts and outflows from Onshore to Offshore accounts...
*Mark to Market Accounting, not what the Big caps want to make up their figures...
*Avoid Hidden Economy or at least minimize it (all payments...electronically made so no fiats in the long term future)
- World trends tend to be tracked (privacy gone, freedom too) wherés the red thin line limit? I dont know, difficult task.
These guys should be hired by ..... GOOGLE.
Google should sponsor this project, they have the money and the computer power to do it even better.
Absolutely. Come on Google: "Don't be evil", remember? Or are you so infiltrated with agency stooges (including you Zuck) that you forgot your guiding motto?
Michigan, Police have been downloading info from cell phones during stops since 2006! http://goo.gl/qIM4I
Somebody send this link to google, baidu, dogpile if they are still around.
Yahoo, microsoft, the more people working on it the better.
Dr Rigabon has no idea he has created a game changer.
msft kind of does it with bing travel (fare predictor), how hard would it be to expand and do other products?
Too funny. I wrote a business method patent covering this and many other core use technologies in 2001 and submitted it to the USPTO. It just dis-appeared after they cashed my cheque for 400 and odd dollars. I could never follow up due to lack of funds, but that patent application under-lies half or more of the money making paradigms on the web today.
Almost 9 years ago. How interesting. i'd even coined a pithy catch-phrsase for it, ZLM/ZLC
Zero-Latency Marketing/Zero-Latency Commerce.
Any patent attorney with a nose for something interesting could dig around. PAtent applications don't just dis-appear, do they?
But such is how it is.
Yeah, but then Google will be assaulted by the political system and then be rendered useless.
Hats off to you ZH reader Dave Narby!
Sounds like this project could be a game changer!
Even for a small bearing importer in Peru...
all payments...electronically made so no fiats in the long term future
all payments...electronically made so no fiats in the long term future
I suspect that Shadowstats would take this over/bankroll it in a heartbeat, without prejudicing MIT's ability to do research. Hopefully they've considered that option.
If shadowstats took it over would it be freely available?
No, but subscriptions are inexpensive, and the whole premise of that site is transparency on NIPA (and related) statistics.
I can see it now:
The 102,000 seat football stadium. The Division 1 powerhouse, the fighting Front Runners.
duncecap rack: I think shadowstats would make it available to the general public for what say $30 - $50 per month. Compared to say $10,000 - $50,000 per month to oligarchs. I know which I would have a better chance to subscribe to.
There is no magic to this project. Anyone can do it. And now that it has been done, and been shown to be "dangerous information" -- THE RACE IS ON TO REPLICATE THIS DATA.
This is where the Internet rocks, btw. I look forward to a non-corrupted team replicating this study.
But when the whole thing collapses as the Holiday Hoards of ZHeeple predict, there will be no more Interwebs.
Game Changer meet Endgame.
Macroeconomics with Professor Rigobon at Sloan...fun and educational times. He's a great professor. I believe what he's stating; this will become available eventually.
There is SO much money in this.
If it's not patentable, doesn't matter what path Rigobon takes, this will get done. 9 years of work (think about where technology was 9 years ago) will take say, 3 for somebody else to do starting today.
Just the wide-spread availability of 64-bit operating systems alone, would have probably sped up his work.
This gives me chills.
IMHO, I don't think there is any serious money to be made. As an inventory control, it may be better than an existing off the shelf system. But I don't think that it is a game changer. Prices go up and down and if the computer delays your purchase for a better entry, you may end up paying more. It just sounds too good to be true.
I am sure it can serve some specialty purpose and it may spy on some people (companies), which means that TPTB may shut it down in a jiffy or companies may keep better control of their data or delay data publication long enough to be irrelevant and god knows what other purposefully erroneous data release. The implications of a monkey wrench in the system may be infinite.
Not knowing exactly how it works, I can not be sure of course.
It may have even been released so that it can be sold to the highest bidder under the table.
Just wait for someone to copy this bastard's idea and make billions doing it better. Someone will find a way to patent it, and it's not goin to be an MIT dork, it's going to be a marketing genius or someone with a branding-type, selling-type personality.
I suspect there is discussion among the team member about how to proceed - and how to become gazillionaires - and maybe not everyone has the same idea.
I don't see the conspiracy. The faculty have competing priorities. Maintaining the database is very labor intensive. There are not enough resources to automate it, thus the change. That said, wake me if the principals go missing or have a mysterious fatal accident.
No conspiracy: the man says it out right: "i can assure you the data is there, and the indexes are there.
we will have 40 countries and one of them has already tried to fine me
or sue me. i can take the distractions but the other 20 people here can't." If we recall correctly, China was the first country to be removed from the BPP drop down option list.
My comment was directed not to your post, but to those commenters in the previous post on the MIT index thinking TPTB have shut them down.
you have to think there was some arm twisting going on given the party line that there is no inflation other than the gubmint version.
The arm-twisting is probably transmitted from TPTB to the Dean, then to the Department Chair and onto the faculty that this type of commercial product does not count as academic research, and that the faculty involved need to focus on refereed journal articles. Otherwise annual evaluations, courseload, merit pay increases, and promotions are at risk. Saying that no government grant money was involved is beside the point.
I am sure the Professor can't be ignorant to the game changing technology he has invented, and unless he either wants to profit from it directly or some1 threatened him or his family I don't see a rational reason for pulling it back
I hope this dude isn't counting CNBC as a potential sponsor - doesn't know what zerohedge is?, yeah, sure I guess, I mean...just like an academic to realize the value of something with no clue that its gotta make it on its own in the real world. Again, "all decisions made in a vacuum" proves to be the mantra of academia. I'm not ripping academia so you assholes can cool it...its just proof they don't know values outside of that very safe world.
Interesting what he actually wrote: "I do not really know..."
If you consider for a minute that he may have written exactly what he meant, that's not the same thing as not knowing about the site. It's an unusual site providing hard to access information for free, managed/run by some kind of anonymous organization. Look at the text on conflicts/full disclosure and ask yourself if you can be certain Tyler is what you'd call a "newsman."
I'm here all the time, and *I* do not really know what Zerohedge is.
lol spot on
I will gladly rip academia...ehem.
Fuck them, Fuck all of the highfalutin ivory tower livin, bow-tie wearin, bordeaux drinkin, class intelectual prius drivin, phill ochs listenin, vacation havin, long-haired indoctrinating coffee breath bitch ass mo' fuckers who do nothing more than perpetuate a system of social control through contrived systems of thought.
Edit* i should say that I love teachers and would gladly lay in traffic for anyone who helps people realize their true potential.
and i drive a prius.
Hopefully the professor stays away from hottubs and small planes in the near future.
It is ever the goal of those with advantage to ensure and maintain the disadvantage of the rest.
Way too many jets have GE engines...
If the students at MIT learn that the work they are doing could actually make them rich it would disrupt the entire Student Loan payback/bankruptcy slave state we have worked so hard to establish and maintain. Sorry to get everyones hopes up. Perhaps you should try Purdue next time.
Having had a kid graduate from MIT I can promise you they ALL know what they do can make them rich. I hope the guy gets compensated for his efforts and looks for a crowd source for his work. I would pay $10 to keep the site up, how many others? There are countless ways this can be done but crowd sourcing is one that's just perfect for a project like this- one that goes against the status quo.
The two explanations are not completely mutually exvlusive.
Is it possible that this graduate student and MIT are not sure what they have discovered?
they were just trying to make coupon clippin easier ...
If you think it so important, why don't you find someone who can sponsor so we can have a competing project? I think we can make it availble to the public through the cloud.
Do you know who to send this information to in order to get a low cost distributed solution?
Maybe someone at Kleiner Perkins in Sillicon Valley
Will you do it and be part of this amazing game changer?
You may have no idea that you have created a once in a.generation avceleration in productivity.
Automatic, dynamic, inventory control systems that always capture the best price with short term continuously updated directional pricing probabilities
i like the Greenspan's dream of discovering the perpeetum mobile "once in a lifetime productivity"...the man kept all his life looking for short cuts....and kept gambling to achieve the "once in a lifetime" dream...it is simply impossible otherwise w/ all due respect to todays geniuses others prior to us would have discovered the "once in a lifetime productivity BS"....give me a break...the house is f.... burning...and we still talk about discoveries of once in a lifetime...winning the powerball is for suckers....
The Fed would hate for this sort of project to become viable. It would remove the curtain. No more poor excuses for their flawed "modeling". How can they develop "policy" with actual facts gumming up the works?
It sounds like this project may not quite be the miracle stats machine it appeared to be at first blush. If the lead researcher and his team are more concerned about publishing academic papers than their data and feel overwhelmed by the amount of recent attention than odds are the data may not be all that reliable.
Organizing and teasing out the important information from such a large database isn't going to be easy or cheap. The idea that shadow stats could somehow finance and launch this to the next stage where the data is of immediate vaule is LOL laughable.
These guys have the right approach, they and we are probably still years away from Joe the plumber buying cheaper inventory based on where we are today.
I concur re Shadowstats with regard to the inventory management applications. However, SS COULD allow for continued reporting of the real-time price index data -- something that is very worthwhile information _right now_.
i understand what happens when you plug in "buy low, sell high" and vice versa into a computer and "let loose." what happens when you plug in "less is more" though? what would all those "ones and zeros" say about this line? "does not compute"? "more information is necessary"? "why are you shutting me down, Ben? in a soft and monotone voice while looking at us from a single lens and plotting to shoot us into the vacuum of outerspace no less?" Perhaps a "simple query" is where "the computer plot" begins? "But Ben, more is more, less is less is it not?" And the next thing you know "cavemen celebrate obilisks" and sheet.
All the musicians I know are, well, different.
1983... a boy band... Grupo Antares
on keyboard: "Professor" Roberto Rigobon
the song: Ya No Hay Tiempo (There Is No Time)
maybe if we can make it go viral, we can give roberto some inspiration to finish the project.
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