Shadow Stat Misery Index Highest on Record

EconomicPolicyJournal.com ^ | May 13, 2011 | Lonely Conservative

[RC one]

John Williams, over at Shadow Stats, compiles economic data for inflation and unemployment the way it used to be calculated pre-1990. Based on that data, the CPI inflation rate is over 10%, and the unemployment rate is over 15% (see charts). The Misery Index is the sum of the current inflation rate and the unemployment rate. If it were to be calculated using the older methods, the Index would now be over 25, a record high. It surpasses the old index high of 21.98, which occurred in June 1980, when Jimmy Carter was president. Most believe the height of the Index along with the Iranian hostage crisis is what caused Carter to lose his re-election bid.

[RC one]

And, even if you don't give any credence to John Williams, it is still the highest level seen in 20 years (since the methodology was changed incidentally) and Obama owns it.

[ColoCdn]

Read for later.
“There’s lies, damn lies, and then there’s statistics.” Mark Twain
Thanks for posting this.

[ColoCdn]

Read for later.
“There’s lies, damn lies, and then there’s statistics.” Mark Twain
Thanks for posting this.

[nascarnation]

screw the MSM coverups, people know what their budgets look like

Baraq is toast for 2012

[Nachum]

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