with additional commentary from
(snip)We thank Sean Corrigan of Diapason Securities for bringing our attention to the MIT Billion Price real time inflation Index who points out that based on the ongoing surge in prices, which have increased by 1.25% in the last 25 days (December 31, 2010: 101.085, February 14, 2011: 102.353), a simple annualization indicates a 10.6% increase in prices in 2011! With all undue respect to the Chairsatan (and other "disinflationists") it is time to bring Volcker out of the freezer once again. Look for the 30 Year [ treasury bond interest rate - sic ] to pass 5% in a few weeks. Oh yes, M2 [ broad US dollar money supply - sic ] surged to new all time highs again.(snip)
MIT has evolved the Billion Prices Project that attempts to make near real time inflation projections based on the changing price levels of online retailers. Their methodology does not include such official gov't 'adjustment' mechanisms as seasonality, hedonics, weighting factors etc. and merely compares 'apples to apples' price changes over time for the same basket of retail items. See




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