I think any economy analysis made in fiat currency units is just plain scam.
Garbage in - garbage out.
Add to this plain lies, hidden variables and you will get what you observe.
Economy is not in the digits in computer. Real economy is in how much food or commodities you could really get for your efforts in making something really useful for others.
Did you noticed, that inflation declared by government or some MSM "experts" never ever agree with what you observe in real life? And somehow their inflation is always significantly less than yours. That's because you and them exist in different worlds. You live in real one, they live in their own imaginary "economic" reality.
IDK, may be we need our own, useful, economy analysis, with our own markers, parameters and values that tell us something meaningful. Why do we still pay attention to their abrakadabra, when it have nothing to do with us and completely useless for us? You can't even predict from their bullshit how much you will have to work to buy a dozen of 4x2 timber next summer. It is just senseless.
One designed like an infographic but with all the real numbers and calculations provided for inspection.
Show the actual cost, inflation, size(since they constantly shrink it), materials or ingredients.
It should track historical prices as well - like across marketplaces. The problem is that you need to get a large number of inputs and you need some quality control. So people would need to submit the data, then have some kind of sanity check
GDP is insufficient and poor for capturing reality.
Groceries needs its own index, Utilties need its own index, Housing needs its own index at least. Then you have larger one that compares across all indices.
Parsing prices with weight and ingridients from sites of supermarkets or marketplaces could be an initial step, but for whatever reasons all that businesses try hard to prevent such activity, from showing prices as pictures to limiting number of queries per minute for IP. So you need some distributed network with OCR and other abilities to do that. Kind of interesting, but sophisticated task that needs large amount of supporters willing to run browser plugin or separate utility. :)
A saw few price aggregators, but they are mostyl outdated and does not provide necessary additional info.
IDK, if some marketplaces as Amason or local analogues could be used for data scraping. Limiting scraping to only one site will make things much easier, but there will be question of data revelance.
Groceries needs its own index, Utilties need its own index, Housing needs its own index at least.
I think it should be even finer division. Say, groceries should be divided into diary, flour products, vegetables and so on. More common indexes will be piece of cake.
Shortly, it should be some browser plugin to daily scrap data for single or several commodity from marketplace site and send it to some database, preferrably distributed one. Then, there should be sites or local apps to show data from that database as graphs, averages, indexes and so on. Technical problems are solvable, I see how that could be done, but I hardly could imagine how to convince many people to participate in such adventure.
Yeah getting people to participate will be hard part. It would need to be accessible and somewhat easy to add data otherwise it will be too much effort. But not too easy that it inspires manipulation through the data itself.
I think any economy analysis made in fiat currency units is just plain scam.
Garbage in - garbage out.
Add to this plain lies, hidden variables and you will get what you observe.
Economy is not in the digits in computer. Real economy is in how much food or commodities you could really get for your efforts in making something really useful for others.
Did you noticed, that inflation declared by government or some MSM "experts" never ever agree with what you observe in real life? And somehow their inflation is always significantly less than yours. That's because you and them exist in different worlds. You live in real one, they live in their own imaginary "economic" reality.
IDK, may be we need our own, useful, economy analysis, with our own markers, parameters and values that tell us something meaningful. Why do we still pay attention to their abrakadabra, when it have nothing to do with us and completely useless for us? You can't even predict from their bullshit how much you will have to work to buy a dozen of 4x2 timber next summer. It is just senseless.
Yes. Like a real inflation index.
One designed like an infographic but with all the real numbers and calculations provided for inspection.
Show the actual cost, inflation, size(since they constantly shrink it), materials or ingredients.
It should track historical prices as well - like across marketplaces. The problem is that you need to get a large number of inputs and you need some quality control. So people would need to submit the data, then have some kind of sanity check
GDP is insufficient and poor for capturing reality.
Groceries needs its own index, Utilties need its own index, Housing needs its own index at least. Then you have larger one that compares across all indices.
This could be a good start.
Parsing prices with weight and ingridients from sites of supermarkets or marketplaces could be an initial step, but for whatever reasons all that businesses try hard to prevent such activity, from showing prices as pictures to limiting number of queries per minute for IP. So you need some distributed network with OCR and other abilities to do that. Kind of interesting, but sophisticated task that needs large amount of supporters willing to run browser plugin or separate utility. :)
A saw few price aggregators, but they are mostyl outdated and does not provide necessary additional info.
IDK, if some marketplaces as Amason or local analogues could be used for data scraping. Limiting scraping to only one site will make things much easier, but there will be question of data revelance.
I think it should be even finer division. Say, groceries should be divided into diary, flour products, vegetables and so on. More common indexes will be piece of cake.
Shortly, it should be some browser plugin to daily scrap data for single or several commodity from marketplace site and send it to some database, preferrably distributed one. Then, there should be sites or local apps to show data from that database as graphs, averages, indexes and so on. Technical problems are solvable, I see how that could be done, but I hardly could imagine how to convince many people to participate in such adventure.
Yeah getting people to participate will be hard part. It would need to be accessible and somewhat easy to add data otherwise it will be too much effort. But not too easy that it inspires manipulation through the data itself.
they already have their own indices
Fuckin right here.
Im always looking for this booming pseudo-economy whenever i go out, but surprisingly, i can never find it anywhere. Go figure.