Any thoughts on this US Daily Index , by MIT ?? Is there any truth to it... I see that they do not include prices of services which would do some correction upwards , but is that all? I would appreciate any thoughts.
My thought is that this is yet another improvement on identifying symptoms of a problem and will only hurt in addressing the obvious problem itself. The problem is clear: The governments of the WORLD lead by the one in the USA are creating new money and/or credit not backed by savings. THIS IS INFLATION!! Looking at daily/hourly/continuous prices is looking at symptoms of inflation.
But what is really bad is that the effects of inflation are all negative in the long run economy and this looking at symptoms will only lead the people like those in the Fed, Krugman, etc to spout their something for nothing (non)economic concepts.
Did you ask the person if they thought there was any value or validity to the index? I am curious as to why they even brought this up.
Sorry, haven't seen this. Yes, he argued that this Index goes somewhat hand to hand with official numbers, as I was showing shadowstats date...