I’m really surprised that we aren’t seeing more of these stories. I know what it’s doing to me, and it’s got to be hard on a whole bunch of people, but I’m not seeing very many “Greater Depression” stories yet.
(I know; I’m really not surprised. I’m just surprised that the misery index is still being tamped down. How long can that last?)
After today's market and world news, unfortunately, many more should be on the way.
Having grown up poor seems to be a big help in my case. Its made me frugal.
“I’m just surprised that the misery index is still being tamped down.”
/// ?????????
if you use the identical old formulas, it is already at a new record high. higher than Carter...
http://www.freerepublic.com/focus/f-chat/2725011/posts
Shadow Stat Misery Index Highest on Record
...compiles economic data for inflation and unemployment the way it used to be calculated pre-1990.
...
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.
= = =
with some of the money i took out of retirement fund, i’m stocking up on food. if inflation increases food another 30%, and i stock up now, it’s like my money earning 30% in the bank... which it won’t.
plus i’ll have food on hand...