Google’s Inflation Measure May Keep Government Statistics Honest

According to the Financial Times, Google is planning to construct a price index that could eventually serve as an alternative to official government statistics. While the Google Price Index (GPI) is still a work in progress and only tracks web-traded goods, the potential for expansion into other sectors of the economy could provide a more complete picture of inflation in the future. If fully developed, the GPI may keep government statistics honest in periods of higher inflation.

Buffett Sees Broad Based Economic Recovery Ahead

Warren Buffett is not buying into projections of an imminent “double dip” recession and sees a broad based economic recovery ahead. Berkshire Hathaway’s diverse collection of operating companies gives Mr. Buffett a unique view into the health of the overall economy and he has frequently commented on overall economic conditions over the past few years. Read this article for more details.

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