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Bank Of England Could Make Decisions Based On Google Searches...

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So porn is about to enter the inflation basket then?

The new inflation basket will mostly consist of laptops and USB sticks (hedonically adjusted, of course). That ought to produce the "right" numbers.

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Out-of-date study.

The rise of rightmove - and most notably the name-recognition that puts it ahead of the wannabes - means people looking for houses no longer dominate those searching for "estate agent".

[edit to add] Of course that's speculation on my part ...

Edited by porca misèria

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I've tried Google Insights to try to predict house prices in England (see link below) and it would seem from that they are going to drop. Of course the BOE want predictions to show that house prices are going to drop so they can keep interest ratest at their record low. But doesn't everyone just go straight to Rightmove rather than searching for "estate agents" or "house prices"? A much better method would be to just get the Rightmove page hits.

http://www.google.com/insights/search/#geo=GB-ENG&q=house+prices,buy+house,sell+house,mortgage,estate+agents&cmpt=q

Edited by caparn

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So porn is about to enter the inflation basket then?

The internet has made been massively deflationary for pornnography (phnawr)...

...so obviously it will soon enter the CPI basket

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I've tried Google Insights to try to predict house prices in England (see link below) and it would seem from that they are going to drop. Of course the BOE want predictions to show that house prices are going to drop so they can keep interest ratest at their record low. But doesn't everyone just go straight to Rightmove rather than searching for "estate agents" or "house prices"? A much better method would be to just get the Rightmove page hits.

http://www.google.co...e+agents&cmpt=q

Most of the non-techie people I know would go to Google and search for "rightmove", or even "rightmove.co.uk". They don't understand that you can actually type things into the address bar.

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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