Posted on 10/14/2021 9:48:14 AM PDT by george76
Periodically economists attempt to gauge how Average Americans are weathering the ups and downs of the economy. By using the simple yet clever technique of adding the U.S. unemployment rate (4.8%) to the rate of inflation (5.39%) economists can quantify the economic well-being of the country into a misery index. The current U.S. Misery Index is 10.19%.
...
But what exactly does the Misery Index tell us? First, we know that as the rate of inflation goes up, the cost of living increases. Next, as the unemployment numbers rise, more and more people fall into poverty. Consequently, the Misery Index acts as a kind of shorthand or metric with which to gauge the health of the economy as a whole since both employment and inflation impact the average American wage earner.
So is 10.19% on the misery index a good thing? The short answer is no.
...
Since September’s inflation rate was a slight uptick from August’s and high inflation is detrimental to the economic health of everyday Americans, the Misery Index shows a worrying snapshot of the upward trend of recent inflation rates and thus a downward trend of the economy itself. At the same time, the government likes inflation because it allows it to repay debts with so-called “cheaper” dollars, but it soon becomes apparent to consumers that their money is worth less than it was just a few months ago when someone else was in the White House.
(Excerpt) Read more at pjmedia.com ...
Somebody supported these stupid Democrat sons of bitches.
Probably the same idiots who come here and write that the Republicans are in charge.
The true “misery index” is much much higher in both unemployment and inflation.
Both numbers are badly “cooked”, and have been for decades.
http://www.shadowstats.com/alternate_data/inflation-charts
http://www.shadowstats.com/alternate_data/unemployment-charts
The numbers are always fudged to look better during a DEM presidency and worse during a GOP presidency.
We’ve only been in it ten months, imagine in the next ten what’ll it be like.
A huge number of Americans either supported Biden, or just don’t pay attention. Misery is the only way to get their attention.
The misery index does not include the 🐂 💩 interference the government is imposing on the populace, such as limiting energy production, and stupid mandates.
Likely to be unemployed before Christmas thanks to the mandate, and I’m sure I won’t be alone. Looking forward to a blue Christmas.
By keeping their heads down and peacefully grazing...
And remember that the unemployment rate does not include those who have given up looking for a job.
Misery index? Hell, getting $300 extra a week on unemployment, smoking weed , laying on the couch and playing video games all say is ‘’misery’’?
Hell, I’d take it. But I have to work. I want to work. It wasn’t like this in the ‘70’s.
Employer’s are desperate to hire people. Nobody wants to work, most don’t care or even have to worry about working. Uncle Joe is giving the store away.
Mean while thousands of jabbering Third World mutts are pouring in here everyday. It sure as hell wasn’t like that in the ‘70s.
Gosh, haven’t seen the misery index since the Carter administration.
I remember the terms “misery index” and “stagflation”.
Here we go again.
Don't forget "malaise."
Everybody here is above average.
However, there’s this news from today at Marketwatch, by way of Barron’s:
“Governments around the world are concerned. The United States has been selling crude oil from its Strategic Petroleum Reserve all year [bet you didn’t know that (SW)]. China began to sell oil to temper the rise of prices. It has not worked. India is considering the same course of action.
Which means that gasoline prices, which are at an eight-year high, are not likely to fall dramatically any time soon. The world wants more oil, they want it today, and it’s not there, at least not yet. Low oil prices were cured by reducing supplies. High oil prices will be cured as that supply returns.”
The funny part about that is “government are concerned”. Governments own the majority of world oil supplies. If they want more supply that’s THEIR department. They shouldn’t have pressured oil companies into slowing investment. Now the spigot can’t be cranked up quickly, nice work climate creeps!
And Carter going on tv wearing a sweater.
What a chart. 8 demoncraps to 10 republicans and rhinos terms until plugs and since Truman. 76 years when plugs finishes us off.
The data exists but I’d like to see this plus GDP, stock market and interest rates all in one place.
Trump’s time was all too short of course. Best times of my life in nearly 7 decades. It felt really good for a time. It felt like we were winning. Reagan was great because it lasted longer, Trump was wonderful though but he did make me a little irritated with his style but that I forgave and defended most of the time.
It already feels like plugs has been on seat for the longest time of all and they are just warming up. The months have been like years. Mission accomplished for the bastards.
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