spanman Posted December 27, 2014 Share Posted December 27, 2014 https://uk.news.yahoo.com/bank-england-monitor-social-networks-020542744--finance.html Quote Link to comment Share on other sites More sharing options...
Errol Posted December 27, 2014 Share Posted December 27, 2014 It's just pathetic. Clutching at straws. Quote Link to comment Share on other sites More sharing options...
tinker Posted December 27, 2014 Share Posted December 27, 2014 Maybe they should have just tuned into HPC. I reckon 2004/5 would have been a good time to do so. Maybe then they might 'have seen it coming.' Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted December 27, 2014 Share Posted December 27, 2014 Will they be monitoring the BoE is Clueless thread? Quote Link to comment Share on other sites More sharing options...
XswampyX Posted December 27, 2014 Share Posted December 27, 2014 They have destroyed every signal with their constant meddling... what's next.... looking for bubbles? Quote Link to comment Share on other sites More sharing options...
thombleached Posted December 27, 2014 Share Posted December 27, 2014 A director at a brewery I used to work for would often cite the amount of empty beer cans on the side of a nearby road to where he lived as a an indicator of brand strength of a particular west midlands mild. Narcissism tends to be more pervasive the higher up the food chain you go. Quote Link to comment Share on other sites More sharing options...
LiveinHope Posted December 27, 2014 Share Posted December 27, 2014 (edited) 'Big Data' - I'm surprised it isn't done already. For just one example, Facebook and Twitter is monitored for words like vomit, diarrhoea etc to help the NHS plan for outbreaks of winter norovirus. Quite a good example to choose Edited December 27, 2014 by LiveinHope Quote Link to comment Share on other sites More sharing options...
spanman Posted December 29, 2014 Author Share Posted December 29, 2014 Bump. deserves more comments. Quote Link to comment Share on other sites More sharing options...
billybong Posted December 29, 2014 Share Posted December 29, 2014 (edited) Maybe the BoE is going to be announcing official policy on Facebook and Twitter. Edited December 29, 2014 by billybong Quote Link to comment Share on other sites More sharing options...
Eddie_George Posted December 29, 2014 Share Posted December 29, 2014 Quote Link to comment Share on other sites More sharing options...
little fish Posted December 29, 2014 Share Posted December 29, 2014 I just took it for granted that mining social media was in place I did think this comment was interesting. “Mr Haldane told Sky News that the Bank was already using new data sources, including a massive "big data" database on mortgages, which helped them decide to impose their new constraints on the housing market earlier this year” Social media is just people saying things, it is not what people actually do. For example, my landlord is on social media and forums exclaiming what a wonderful, compassionate and regulation abiding LL they are. The reality is considerably different (with documented court cases to prove it). Mortgage data may be a slower form of information than social media but is more reliable as it shows what actually happened. Fair enough for collecting opinions though I’m not sure how much I would trust the validity of the mined info or the BoE interpretation. Quote Link to comment Share on other sites More sharing options...
Wurzel Of Highbridge Posted December 29, 2014 Share Posted December 29, 2014 (edited) BOE just worked out how to use google trends. Heres one for them to file under collapsing: Edited December 29, 2014 by Wurzel Of Highbridge Quote Link to comment Share on other sites More sharing options...
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