• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

US Misery Index At 28 Year High

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Mon, 07/18/2011 - 11:06 | 1466323 docj
docj's picture

So, was this Hope, Change or both?

(That was sarcasm, folks - The Suck is coming, let's all have a chuckle as we descend into Hell, eh?)

Mon, 07/18/2011 - 11:07 | 1466326 Version 7
Version 7's picture

It's change you can believe in.

Mon, 07/18/2011 - 11:09 | 1466341 NoClueSneaker
NoClueSneaker's picture

Both. Recovery through serious veseline budget cuts ...

Mon, 07/18/2011 - 11:31 | 1466479 camaro68ss
camaro68ss's picture

jobless recovery Bitchez!

Mon, 07/18/2011 - 11:59 | 1466607 pckt
pckt's picture

Who needs jobs when you can just print more money? Everyones getting more money right? so we are all richer. I graduated from the university of bernankistan.

Mon, 07/18/2011 - 12:07 | 1466647 j0nx
j0nx's picture

Work is for suckers. All the section 8 homies in my hood figured that shit out a long time ago. Their lifestyle is the same as mine yet I go to work every day and pay for their shit. Who's the sucker in that arrangement?

Mon, 07/18/2011 - 11:44 | 1466545 Freddie
Freddie's picture

Where are the c*** s***ers who voted for the kenyan marxist?  They still post here on ZH.

Mon, 07/18/2011 - 12:11 | 1466666 j0nx
j0nx's picture

3...2...1... until someone jumps in to claim that McCain would have been the same.

Probably, but at least he isn't a communist. That and we could stare at Palin's hot T&A standing next to him. Mmmm, she is one delicious chunk of woman that one regardless of how you feel about her politics.

Mon, 07/18/2011 - 12:41 | 1466774 SokPOTUS
SokPOTUS's picture

You betcha!  ;)

Mon, 07/18/2011 - 13:12 | 1466916 Votewithabullet
Votewithabullet's picture

thats somebodys fuckin gramma dude.

Mon, 07/18/2011 - 11:08 | 1466328 Paul Thomason
Paul Thomason's picture

That looks like a reverse cup and handle pattern with a nice rounded bottom (I will call it J-Lo).  Upside technical measured target suggests a run to test the highs of the 1970's around the 20-22 level.  So if we take out 14 here then GO LONG MISERY with a target of 20!.

Sounds too good to be true!. 

Mon, 07/18/2011 - 11:09 | 1466342 Stax Edwards
Stax Edwards's picture

+LOL

Mon, 07/18/2011 - 12:23 | 1466705 slaughterer
slaughterer's picture

Yes, Cramer was pumping the long MISERY INDEX trade as well last night.  He thinks MISERY will soon be in some lucrative M&A action with DEPRESSION and RIOTS that could boost MISERYs bottom line.   Buy the August 16 Calls for the best risk/reward. 

Mon, 07/18/2011 - 11:07 | 1466329 ZeroPower
ZeroPower's picture

This seems about as arbitrary a stat as it gets - consumer confidence notwithstanding

Mon, 07/18/2011 - 11:08 | 1466330 101 years and c...
101 years and counting's picture

recovery only a retarded president can love.

Mon, 07/18/2011 - 11:08 | 1466331 urbanelf
urbanelf's picture

USA #1!!!!!!!!!!!11!!!!11!1one!!!

Mon, 07/18/2011 - 11:08 | 1466332 ads56
ads56's picture

This is bullish. Nowhere to go but up! Hope and Change!

Mon, 07/18/2011 - 11:08 | 1466335 Stax Edwards
Stax Edwards's picture

Long Misery Bitchez...lulz

Mon, 07/18/2011 - 11:11 | 1466336 Frog-And-Toad
Frog-And-Toad's picture

Perhaps it's time for McDonald's to reintroduce the McRib... 

 

http://www.youtube.com/watch?v=pDebd7zlb6I

Should help bump up the average a few points I'd say

Mon, 07/18/2011 - 11:22 | 1466423 Libertarians fo...
Libertarians for Prosperity's picture

I agree.  When all else fails, send in the McRib. 

The McRib is one of the most elusive and mysterious sandwiches ever.  With all the pomp and circumstance fit for royalty, the McRib is suddenly brought onto the market for "a limited time only" then quickly and inexplicably disappears for a year or so. Then it reappears, and this has been going on for about 20 years - it almost has a "quantum" quality to it.  And what's up with the pickles?  Have you ever eaten ribs, and thought about adding a pickles to them?

Very, very sketchy..... 

 

Mon, 07/18/2011 - 11:24 | 1466435 Stax Edwards
Stax Edwards's picture

Soylent Green Anyone?

Mon, 07/18/2011 - 11:26 | 1466447 Cognitive Dissonance
Cognitive Dissonance's picture

Ixny on the McRibny.

Way too much McFat and McCalories to even suggest that a mentally sound person should eat it. On the other hand, southern BBQ is eaten everyday by southerners..........wait, let me rephrase that.

Never mind. Mouth meet foot.

Mon, 07/18/2011 - 11:39 | 1466522 Deepskyy
Deepskyy's picture

Trying to say something about my people CD?

lol

Actually my kin folk (WNC hillbillies) would and in many cases still do traditionally eat high fat, high caloric diets but made from natural ingredients rather than processed crap.  Then again they also used to be in jobs of heavy manual labor so that tends to help out.

Oh and add 1 more to the Misery index casualty list.  I got axed Friday.

 

Mon, 07/18/2011 - 11:57 | 1466600 Cognitive Dissonance
Cognitive Dissonance's picture

Oh and add 1 more to the Misery index casualty list. I got axed Friday.

Congratulations..........wait a minute............I meant.............Oh, never mind.

Is there room in an average size mouth for two feet? :>)

Mon, 07/18/2011 - 11:58 | 1466604 Deepskyy
Deepskyy's picture

Unpaid vacation bitchez!

 

Mon, 07/18/2011 - 12:02 | 1466622 traderjoe
traderjoe's picture

Sorry to hear that. Best of luck in your new path...

Mon, 07/18/2011 - 12:17 | 1466686 konputa
konputa's picture

@Deepskyy, sorry to hear that. What industry were you in?

Mon, 07/18/2011 - 13:36 | 1467028 Deepskyy
Deepskyy's picture

F.I.R.E.

I was the I.  I sold property and casualty insurance in multiple states at a national call center.

 

Mon, 07/18/2011 - 14:27 | 1467257 Cognitive Dissonance
Cognitive Dissonance's picture

So the salamander/gecko thingy finally displaced you? :)

Oh....wait....not Buffett?

Mon, 07/18/2011 - 12:01 | 1466614 blunderdog
blunderdog's picture

The pickles are critical to provide textural cover for all the other little crunchy bits in the patty.

Mon, 07/18/2011 - 12:10 | 1466660 Cognitive Dissonance
Cognitive Dissonance's picture

A McDonald's conniesewer, and a good friend no less, says it's all about the pickles.

He remains a friend, but I no longer remain a McDonald's customer.

Mon, 07/18/2011 - 12:24 | 1466713 pods
pods's picture

Is is just me or does it look like there are McTracks on the McRib?

pods

Mon, 07/18/2011 - 12:29 | 1466725 Cognitive Dissonance
Cognitive Dissonance's picture

The only tracks I see are the ones from the IVs in our arms due to quadruple heart bypass surgery from a life time eating at McSlop.

Mon, 07/18/2011 - 11:08 | 1466339 Frog-And-Toad
Frog-And-Toad's picture

Perhaps it's time for McDonald's to reintroduce the McRib... 

Should help bump up the average a few points I'd say

Mon, 07/18/2011 - 11:23 | 1466426 SheepDog-One
SheepDog-One's picture

McNasty they should call it! I remember getting tricked into buying one of those years ago it was revolting.

Mon, 07/18/2011 - 11:33 | 1466474 Libertarians fo...
Libertarians for Prosperity's picture

You got tricked?  I'm telling you, this sandwich is very shady.   

In the summer of 1992, I walked outside to grab the newspaper and found a McRib nailed to my door.

WTF?

Sketchy...

Mon, 07/18/2011 - 12:05 | 1466639 Vic Vinegar
Vic Vinegar's picture

Like everything in life buying a McRib is all about timing.  If you get one of the fresh ones they are tasty.  However having worked in the trenches, I know that they can sometimes sit in that barbeque goo for hours (days?) on end.

Mon, 07/18/2011 - 12:44 | 1466791 SokPOTUS
SokPOTUS's picture

...to seemingly no ill effect whatsoever...

 

 

Long McMisery.

Mon, 07/18/2011 - 11:09 | 1466340 Robslob
Robslob's picture

It's baaackkk....

 

http://www.miseryindex.us/

Mon, 07/18/2011 - 11:09 | 1466343 Cognitive Dissonance
Cognitive Dissonance's picture

They should call that the "Abject Misery Index". Simply saying Misery Index just doesn't cut the mustard any more.

Mon, 07/18/2011 - 11:15 | 1466380 francis_sawyer
francis_sawyer's picture

"Summer of Misery" 2.0 (sans aircraft carrier landings)

Mon, 07/18/2011 - 11:24 | 1466430 SheepDog-One
SheepDog-One's picture

Yea, what is this supposed to be a measurement of? 

Mon, 07/18/2011 - 11:25 | 1466443 Stax Edwards
Stax Edwards's picture

Misery maybe?

Unemployment Rate + Inflation Rate

Mon, 07/18/2011 - 11:31 | 1466476 SheepDog-One
SheepDog-One's picture

OK well my point is those things measured in the 80's and today are not near the same anymore. Chart is probably a mirror image in reality, swapping the 80's for today.

Mon, 07/18/2011 - 12:03 | 1466636 Cognitive Dissonance
Cognitive Dissonance's picture

Agreed.

Under the guise of new and improved I suspect every index under the sun has been modified to measure less of whatever it was supposed to actually measure.

I explain it to my clients this way. How much sense would it make to measure your growth by using a 12 inch foot when you are 2 years old and then use a 6 inch foot when you are 20. You must use the same length/size foot over time to make any sense. People tend to understand when you give them real life examples.

Then they return to the Twilight Zone of the MSM and all that common sense is washed out within 72 hours. 

Mon, 07/18/2011 - 12:22 | 1466701 francis_sawyer
francis_sawyer's picture

Well at least in the 80's we had the "Miracle on Ice" to get us out of it...

Now we have "close only counts in horseshoes & handgrenades" version of US Women's soccer...

 

Mon, 07/18/2011 - 14:00 | 1467123 TexasAggie
TexasAggie's picture

Actually, you may be more correct than you thought. If they measured unemployment and inflation the same way today as in 1979-80, we would be exceeding Carter's elevated status.

Mon, 07/18/2011 - 11:10 | 1466348 lolmao500
lolmao500's picture

Shouldn't this be higher?

Mon, 07/18/2011 - 11:10 | 1466349 Ancona
Ancona's picture

Looks like they ran out of hopium.

I'll bet the withdrawls suck.

Mon, 07/18/2011 - 11:10 | 1466350 blunderdog
blunderdog's picture

I don't think the misery index does a great job of describing our situation.  A 28-year high would sound pretty bad, but when you look to see it's just a bit over half the level of 1980, you realize there's something kinda goofy.

Unemployment and inflation numbers are both totally bogus.  That makes the misery index double-bogosity.

But all you have to do is look out the window to how shitty everything is.

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