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Sauteed books B!tchez!
In other news, gold is hovering around $1666/oz. Is someone telling us we control everything? don't dare buy? the devil is in control?
He he - I have no idea which way metals and certain currencies are going. There are just too many variables in the game right now.
I see two immmediate variables:
Paper and Money.
I'll take Money for $1 trillion Trebek.
The researcher is wrong.
This is nothing other than 'only $-.99' pricing strategy applied to corporate paper sales.
Time to analyze the blowjob index?
wang heh, i just can't get behind wang's fraud index; "limitations of Benford's law: it can only be applied to data that are distributed across multiple orders of magnitude." there's your problem right there, for example hardly anyone or anything can go beyond the 100 billion dollar threshold, a fact which diminishes the prevalence of 100,000,000,000. desirdavenir cite ur sources plz
i have my doubts at this moment; but maybe it is true, maybe it's telling us there are more off-balance shells than ever before; i'd have to check with a biostatistician.
There arent more numbers that start w 1, they just come earlier when counting something so you are more likely to stop on them when counting. There are more MEASURMENTS in yhis universe that start w 1. That is a scary important distinction that wang needs to be semantically correct about. I can assure you i can prove there are just as many numbers that start w 9 if you never stop counting.
Are you saying this may be more of an inflation indicator? Does it indicate that the numbers in the sample set are increasing over time? That would seem to make sense.... If it actually tracked fraud I think it would have more of a hockey stick look to it - begin moderately then shoot to the moon the past 10 years...
This is a statistical law, not real number theory, so you are mixing apples and oranges.
I have never been introduced to Benford's law before this so I would do research into it. From what I've seen thus far on Wikipedia, it seems plausible. As with any encylcopedia, that would be a jumping off point for research, not the final read.
If it works, I would guess this is how the SEC uses these anomalies in trading data to find insider trading, porn-surfing permitting.
In a perfect world all of us would could spend hours meandering around the local farmers' market, hand-selecting ingredients for a gorgeous meal. Then we'd leisurely make our way back to our well appointed kitchens to prepare said meal, giving no thought to time constraints.Tecfrigo - Mercatus
the Benford laws also applies well to prices in a supermarket. This is odd, but true. Also, funnily, it applies also when you convert the prices in another money (e.g., Franc to Euro)... One can find a mathematical justification for it (using a natural measure on numbers which is not a probability distribution), but the fact that this justification is correct is odd...
Well ‘Smear my ears with jam and tie me to an ant hill’ now I have heard everything. Very, very interesting and probably spot on.
'xactly...it's just 19.99 turned updide down. Inflation drove that 9.99 pizza all the way to 19.99
Couple years ago Gold hovered at $666 for a few. I wouldn't worry because now it's a larger and more appreciated number. As for the devil? Read Matthew 4 starting at verse 8 http://www.biblegateway.com/passage/?search=Matthew+4&version=KJV to understand that the devil is the house and all the world gambles at his tables. All it took was for the most righteous Man ever to put the devil in his place.
Yeah, uh, I got it off of reddit.
"If you do not have a sword,sell your robes and get one"
Where did I read that?
In a book?
So you're saying your reading an instruction manual that's 2000 years old and never worked?
God is evil. Not regular evil. Lawful evil. He lives as lawful evil but dies as chaotic stupid.
Hope the moon stays where its been for a millennia
Hope the tide rises to meet you exactly as planned
Hope the Sun rises just where it has, at the time it has for...... ever
Hope season show you who is in control
Hope the stars that have stood since man could looked up from the ground continue to shine and show us our insignificance.
Hope that you understand that the existence of something very stationary and very powerful is evident in nature.
Be wise and Fear what a man and his mind cannot contain.
Spoken by someone who was like you... and much like Paul of Tarsus
Apologies to the others but it deserved a recant based of visual undeniable facts.
Now back to Guns Gold Grub and a little Banker Hatin
I wouldn't doubt it - all these Power Brokers are into numerology, symbolism, and intimidation. The biggest gag of all is a Presidential candidate named Cain (as opposed to Abel) with a 666...errr..999 plan whom was a Director of the Fed (the most wicked entity there is) --- if people can't wake the hell up and see that these aren't coincidences, then they derseve what they get.
11/11/11 bitches with a full moon passing on the evening of the 10th.
Gold is the Anti-Dollar not the Anti-Christ
The amount of cooking going on in the home building industry (especially with Troll Bros) would make Rachel Ray jealous...
And Happy Kwanaza BITCHES!!! I am BAAAACK!!
Yes, excellent work by Jialang. We noticed it here earlier today on Finance Addict, as well: http://bit.ly/r6VbcB
I'd be willing to bet that some categories of financial data would not conform to Benfords distribution. An example would be an analysis of item pricing data. The most common numeral used in pricing is "9".
I think you are correct (not that I have any omnipotence about such things). On that note, I would observe it doesn't explain the multi-decade trend.
I bet it would look fudged beyond belief which prices almost always are.
As I understand it, Benford's distribution predicts how often a number begins with a particular digit. Although 9 seems most common in pricing, it is also most commonly used in the last digits.
Benford's law is on the first digit
The smallish (7 employees, 30 indep contractors) Co. I work with is "solvent"....provided you don't count the $100,000 maxed-out corporate credit card. As to where that money went, don't ask. There hasn't been an audit in many years...just like the Fed/Fort Knox.
sounds like a pink sheet about to go on a 50,000% run.
Would love to see the distribution of our Govt supplied numbers
Just wait til they are all "zero" ... that will do a number on that chart!
I'm gonna need a bigger calculator....
Original movie: Wall Street reams main street with their wangs.
Sequel : The Wang strikes back
Nice to see there is statistical evidence backing something I strongly suspected when reviewing corporate financials. I spent several years as a broker and did a lot of 10Q reading. It ultimately led to my exiting the business as it became obvious it was a rigged game. Rigged against the small investors I was supposed to be serving that is.
Broker's reading 10Q's? I thought brokers just sold the the lipstick on the pigs?
Any body for checking GOP campaign financing?
Prolly a lot like Democrat campaign finance. Check out Solyndra, you stupid f^^^k.
For that matter, when Hillary ran up her campaign bills, I think she was bailed out by the DNC. Living within a persons means should start at the top.
I wonder how badly the Fed's balance sheet has been book cooked? I'm guessing it has been fairly well fried since a couple doofus' we all know well took the chairman's seat.
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