By Daniel Lacalle
The Misery II Index for the United States stands at 23% for the whole nation, and it may reach a staggering 24% by the time of the elections.
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24 sats \ 4 replies \ @grayruby 14 Mar 2024
Had heard of the misery index prior to reading this but wasn’t sure how it was calculated. Shouldn’t it encompass more than just unemployment and inflation?
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50 sats \ 3 replies \ @Undisciplined OP 14 Mar 2024
Well, this is only the Misery II index. We could add other stuff and make a Misery III index.
What would you most want to add?
Bankruptcy rate came to mind for me. It has to be something fairly small, so that it doesn't dominate unemployment and inflation. Maybe things like incarceration or net mortality rates.
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24 sats \ 2 replies \ @grayruby 15 Mar 2024
Yes I would think it needs some measures beyond economic ones.
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50 sats \ 1 reply \ @Undisciplined OP 15 Mar 2024
A lot of that other negative stuff is thought to be downstream of unemployment and inflation, so it might not be as lacking of an indicator as it initially seems.
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24 sats \ 0 replies \ @grayruby 15 Mar 2024
I could see that. Crime, drug addiction etc are often caused by lack of financial stability and sense of purpose and opportunity
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24 sats \ 1 reply \ @Malachi17 14 Mar 2024
I don't need no stinkin index to know that Biden is smelling the place up.
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10 sats \ 0 replies \ @Undisciplined OP 14 Mar 2024
I imagine most people don't need that either, but it helps illustrate how and who the economy is failing.
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