Re:Japan's Nikkei surpasses 1989 all-time high
by foobiekr on Thursday February 22, 2024 @02:28AM
(#39464231)
Shadowstats has admitted to just making up their data. Not exactly a compelling source. Best case they are just incompetent: https://en.m.wikipedia.org/wiki/Shadowstats.com
Re:Japan's Nikkei surpasses 1989 all-time high
by hughesjj on Thursday February 22, 2024 @03:48AM
(#39464713)
JFC
> Responding to prior criticisms made by economist James Hamilton, John Williams explained in a private phone call that Shadowstats does not actually recalculate BLS data, rather, the Shadowstats CPI merely adds a constant to the officially reported numbers.[25]
>> I’m not going back and recalculating the CPI. All I’m doing is going back to the government’s estimates of what the effect would be and using that as an add factor to the reported statistics
Same article says he charges $175/year/subscription since 2006.
I'd love to get paid that much to do a high school level introductory programming assignment. The business logic is literally a one liner X-D
Re:Japan's Nikkei surpasses 1989 all-time high
by ffgjgf1 on Thursday February 22, 2024 @08:29AM
(#39466744)
Inflation was consistently very high in the 70s while time time it peaked in 2022 and then went down relatively rapidly. Of course it might rebound but until that happens it’s hardly comparable.
Re:Japan's Nikkei surpasses 1989 all-time high
by AnimalMuppet on Thursday February 22, 2024 @11:03AM
(#39469070)
You don't slavishly believe the government inflation data? That's fine; nothing wrong with that.
But don't slavishly believe Shadowstat's inflation number either.
https://www.shadowstats.com/alternate_data/inflation-charts
In fact, 2020s inflation (using historic measure) peaked at over 15% while the 1970s spike peaked below 15% — meaning that this latest inflation sets the record compared to the 1970s.
https://www.federalreservehistory.org/essays/great-inflation
Ignorant incredulity and “back in my day!” aren’t good arguments.