Unmanipulated US "Misery Index" Hits All Time High

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Tue, 03/29/2011 - 18:11 | 1114673 camaro68ss
camaro68ss's picture

bullish for the bulls! up up and away. DOW to the moon!

Tue, 03/29/2011 - 18:14 | 1114678 Spalding_Smailes
Spalding_Smailes's picture

So this chart is o.k., but that chart is bogus but this chart is just right ..... Got it. Doomer manipulation ...


Viva gold and silver ..... Long live the doomer's .....

Tue, 03/29/2011 - 18:16 | 1114688 FOC 1183
FOC 1183's picture

One might call determining which charts are okay vs. those that are bogus...."analysis"

Tue, 03/29/2011 - 18:39 | 1114767 Sophist Economicus
Sophist Economicus's picture

He's allowed his tantrum, he hasn't seen the Dow/S&P/NASDAQ .vs. Gold chart in the last 12 years.   When he finally comes out of the cave into the GOLDEN sunshine, he'll realize how myopic he was

Tue, 03/29/2011 - 19:31 | 1114938 AndyR
AndyR's picture

Doesn't that require people to think?

Tue, 03/29/2011 - 18:34 | 1114746 bigredmachine
bigredmachine's picture

oxy morons

Wed, 03/30/2011 - 00:27 | 1115880 Burnbright
Burnbright's picture

Spalding it is a basic fact that CPI is manipulated with hedonics. But what ever you want to cherry pick. 

Tue, 03/29/2011 - 18:16 | 1114690 Milton Waddams
Milton Waddams's picture

No doubt Bernanke's response is to frantically flush anti-depressant pills down his office toilet.

Tue, 03/29/2011 - 18:35 | 1114750 willien1derland
willien1derland's picture

We can only hope that the Bernank gets medication to address his issues as if he had an ounce of conscience left in his wretched body - unfortunately, Washington DC resides in happyland - Washington–Arlington– Alexandria, DC–VA–MD–WV MSA where unemployment is a balmy 5.7% - so the Misery Index would be far different in that particular location

Tue, 03/29/2011 - 18:57 | 1114835 Jay Gould Esq.
Jay Gould Esq.'s picture

Milton - the avatar:

Frigging hilarious.

Tue, 03/29/2011 - 20:38 | 1115123 DoChenRollingBearing
DoChenRollingBearing's picture

Indeed, very funny!

Tue, 03/29/2011 - 18:17 | 1114691 HarryWanqer
HarryWanqer's picture

Who cares?  Those smart enough to buy equities are doing quite well.

Tue, 03/29/2011 - 18:26 | 1114718 Pepe
Pepe's picture

Want to buy mine??

Tue, 03/29/2011 - 18:35 | 1114752 alien-IQ
alien-IQ's picture

Who cares? Really? Are you really such a callous fucking tool?

Tue, 03/29/2011 - 18:47 | 1114797 Sophist Economicus
Sophist Economicus's picture

That's WANQER not Wanger.   BTW, what happened to Wanger, haven't seen him post when I'm online.    Did he change personna or something?

Tue, 03/29/2011 - 19:00 | 1114850 Jay Gould Esq.
Jay Gould Esq.'s picture

Perhaps Wanger received top billing in a snuff film?

Tue, 03/29/2011 - 20:38 | 1115129 James
James's picture


Tue, 03/29/2011 - 19:07 | 1114869 AR15AU
AR15AU's picture

His boiler room lost their contract with the federal reserve. I hear that now they are cold calling for the Freedom Wand.

Tue, 03/29/2011 - 19:11 | 1114877 Cursive
Cursive's picture

@Sophist Economicus

BTW, what happened to Wanger, haven't seen him post when I'm online.

Prof. K is too depressed to maintain his Second Life.  His state university employer laid him off during the last round of budget cuts and the NSA troll program furloughed him because of ineffectiveness. 

Tue, 03/29/2011 - 21:50 | 1115288 topcallingtroll
topcallingtroll's picture

I think he became gold 36000 and came out of the closet as a true gold bug

Tue, 03/29/2011 - 18:52 | 1114814 rockraider3
rockraider3's picture

I bet the 15%+ in unemployed in the US are just giddy over the equities market the past year.  They're just flooding the market with liquidity right now.  I mean, when you're rolling in $400/week in government assistance, you got to put that to work in equities.  Food, clothes, shelter, screw it cause equities are on the rise.

Tue, 03/29/2011 - 18:18 | 1114692 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

They're too dumb to realise they are miserable. And if they did realise, they are too dumb and lazy to spend 1 day of their miserable lives researching who is causing their misery (cough, cough FED/Government/Wall St scum filth) and then they'd be too apathetic to do anything about it. You get the 'leaders' you deserve.

Tue, 03/29/2011 - 18:27 | 1114729 Joeman34
Joeman34's picture

Actually, I'm as happy as I've been in my entire life, thanks.  And it's interesting you refer to 'they're/they/their'.  Assumes you are not part of the collective...

Tue, 03/29/2011 - 21:26 | 1115227 Holodomor2012
Holodomor2012's picture

Not so much a collective as a tribe.

Tue, 03/29/2011 - 18:18 | 1114696 Long-John-Silver
Long-John-Silver's picture

I think I'm past the point of caring. I've hedged for a complete collapse. It's obvious this train wreck is going to happen. We're off the cliff but the ride is smooth because we haven't crashed at the bottom.

Tue, 03/29/2011 - 18:26 | 1114723 Sophist Economicus
Sophist Economicus's picture

It’s not the fall that kills you; it’s the sudden stop at the end.

Douglas Adams, NOT, Chumbawumba

Tue, 03/29/2011 - 18:17 | 1114698 Horatio Beanblower
Horatio Beanblower's picture

The BBC website has been down for the past hour.  The last time the BBC website was offline for so long was 9/11.  Needless to say, the conspiracy theories are starting to fly.


From Twitter...


"Shortly a Trident submarine will surface. Its commander will try to access news.bbc.co.uk And then the world will end #BBCBlackout"

Tue, 03/29/2011 - 19:07 | 1114868 Jay Gould Esq.
Jay Gould Esq.'s picture

Gort -- Klaatu barada nikto.

Tue, 03/29/2011 - 19:13 | 1114882 bothsidesnow
bothsidesnow's picture

Anonymous confirm they launched DDOS on the BBC in solidarity with March 26th protesters #bbcblackout.

Now if they could just get Blythe to cover we would all be happy!

Tue, 03/29/2011 - 18:20 | 1114706 Sophist Economicus
Sophist Economicus's picture

Sad, very sad indeed

Tue, 03/29/2011 - 18:22 | 1114709 Motorhead
Motorhead's picture

Unmanipulated misery, bitchez!

Tue, 03/29/2011 - 18:23 | 1114712 RobotTrader
RobotTrader's picture

I never would have predicted that the S & P 500 would be over
1,300 with everything that has happened, especially with no jobs,
McMansion prices still dropping like a stone, and $4.00/gal. gasoline.

But I'm just a small guy, the tape is much smarter than I am, so I'll just follow the tape and the PigMen who are the ones driving stocks up, and they are 1000x richer than I am.

Who am I to question them?

Sheesh, what happens if things actually start to improve?

Dow 18,000?


Tue, 03/29/2011 - 18:32 | 1114736 alien-IQ
alien-IQ's picture

when every little guy believes he is alone, then he is indeed a little guy.

after all...how can 6 billion little guys ever hope to fight and win against 10,000 big guys?

Tue, 03/29/2011 - 22:37 | 1115451 HoofHearted
HoofHearted's picture

Ever see "V for Vendetta"? The good guys will win in the end.

Wed, 03/30/2011 - 03:36 | 1116121 Vlad Tepid
Vlad Tepid's picture

I dunno..."1984" seems a little more realistic.

Tue, 03/29/2011 - 18:48 | 1114798 I am more equal...
I am more equal than others's picture

Where is the morality in manipulation?


Tue, 03/29/2011 - 18:50 | 1114810 willien1derland
willien1derland's picture

My sentiments exactly, when you add in the geopolitical events as well as the tragic events in Japan where rebuilding is looking less & less likely - unfortunately the facts appears to be that the only real exports America offer the world is unbridled speculation supported by the God forsaken Federal Reserve (which supports the corrupt central & tbtf banks), which leads us to the second most significant US export of inflation (especially to Emerging Markets), & lastly aggression because we know that all of the evil people in the world live in or around Afghanistan, Iraq & Libya - so long as instabilities exist we can bid up the risk premia & take our profits which are worth less & less with each passing POMO - NOW THAT IS CHANGE YOU CAN BELIEVE IN - Sarcasm off -

Tue, 03/29/2011 - 19:09 | 1114870 JonTurk
JonTurk's picture

so tape was smarter back in 2007 when S&P pushing up 1500??? things were perfect back then and fundamentals were shining, right?

you proved once again that you really dont know anything about how markets work.. you are destined to be just a loser troll..

Tue, 03/29/2011 - 21:45 | 1115264 Bananamerican
Bananamerican's picture

robo seems to know what time it is...

when the bottom fell in '08 i was a newb reading Denninger.

I had "NO IDEA, NO IDEA"™ that Ben could/would shovel equities upward like that.

If I HAD known....sheeeeit, I'd have dumped my $, ALL OF IT into the market.

Hats off to Robo if he caught it all (especially, if like me, he has kids).

He seems to know it's all farce.

He posts here....

I don't hear him touting "strong fundamentals"...

Let the man show the pretty women....


Tue, 03/29/2011 - 19:27 | 1114927 Tater Salad
Tater Salad's picture

Ditto that Robo...

With a fed hell bent on getting another 1X turn on GDP, I'd say you'd have to be out of your mind to stand in front of this thing.  They did it in the '60's to get out of debt, problem is this time we have 2X the unemployment and God only knows how much higher U6 is now than it was then.  Say hello to QE20...who ever said this wasn't a secular bull anyway?...



Tue, 03/29/2011 - 20:43 | 1115138 DoChenRollingBearing
DoChenRollingBearing's picture

@ RobotTrader,

With all this going on I would never guessed the markets up so much either.

The Pigmen, yeah, that´s got to be it.

Tue, 03/29/2011 - 18:25 | 1114721 alien-IQ
alien-IQ's picture

All Time High = Bullish.

rally on...

Tue, 03/29/2011 - 18:27 | 1114724 Mongo
Mongo's picture

Misery is good. It guarantees demand for food...

Tue, 03/29/2011 - 18:30 | 1114739 AldoHux_IV
AldoHux_IV's picture

Yet no one does anything about removing the cancer that plagues us... truly sad.  Let them eat ipads indeed.

Tue, 03/29/2011 - 18:42 | 1114770 baby_BLYTHE
baby_BLYTHE's picture

It's fun taking turns ripping on chairsatan

Tue, 03/29/2011 - 18:42 | 1114772 johny2
johny2's picture

I believe the 90% population are not really important for the economy anyway. Who cares if they have food, water or even car. I mean when 50% of income or something close to that figure goes to top 5% what does it matter anyway what happens to other 95%?

They made a bit of a mess with those nasty cds on the subprime mortages, but it has almost been fixed, by devaluing dollar and making present and future population much more indebted. Wall street knows this is not important. What is important is that the Rich have been saved from the near catastrophy and their money collecting machine has been repaired.

The misery index has no meaning at all, as most of the other economic news. 



Tue, 03/29/2011 - 23:31 | 1115659 Saxxon
Saxxon's picture

We in the U.S.A. will have a permanent, per-ma-nent underclass which I believe will approach let's say 40% unemployment and stay there.  They will be fed cheese food, provided with subsidized housing, three hots and a cot.  Permanent.  They will have no incentive to work; in fact work will make it more difficult for them.

Those in the middle will serve the wealthy or become rentiers to the poor.

The U.S. will also return to a segregated racial demographic; like a huge open-air prison, race-based associations will form.

Wed, 03/30/2011 - 06:52 | 1116254 johny2
johny2's picture

Today there is whole bunch of jobs which are so unproductive, that you could say that the unemployment is 40% already. 

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