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I just took it for granted that mining social media was in place :unsure:

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.

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