This page has been archived and commenting is disabled.

US "Misery" At Fresh 28 Year High

Tyler Durden's picture




 

It was just three months ago that we posted that the US Misery Index (inflation plus unemployment) hit a 28 year high. Today we boldy recycle that headline, and pretty much the entire post, as the US Misery Index just hit a fresh post 1983 high. Really nothing to add here: #WinningTheFuture.

Chart: Reuters

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 09/15/2011 - 10:43 | 1673274 LRC Fan
LRC Fan's picture

Are Central Bankers included in this survey? 

Thu, 09/15/2011 - 10:49 | 1673321 redpill
redpill's picture

No, they were too busy monkeyhammering gold this morning.

Thu, 09/15/2011 - 11:04 | 1673384 SheepDog-One
SheepDog-One's picture

Misery? Ferrari just sold out of all inventory. High end diamond brokers best retail numbers.

Eat the rich, bitchez.

Thu, 09/15/2011 - 11:36 | 1673531 Hugh G Rection
Hugh G Rection's picture

I've asked this before, but what company is the largest producer of guillotines?

I don't usually like equities, but that's a company I could get behind.

Thu, 09/15/2011 - 11:51 | 1673557 Incubus
Incubus's picture

Zero Hedge should start manufacturing guillotines.  They'd be premium-grade guillotines...sort of...you might need to drop the blade once, or twice, or thrice to cut off a fatcat's head...but does it matter?

 

Personally, I'd prefer Vlad's method--or even just locking them up in cages and leaving them to starve to death.  They don't deserve a quick death.

Thu, 09/15/2011 - 12:15 | 1673690 Hugh G Rection
Hugh G Rection's picture

Vlad, yes... Impalement would be a wonderful way to decorate the sidewalks of Wall St.

The guillotine blades must be dull.  Sharpening them would be considered a capital offense.  I think the blade should also be powered not by gravity, but from a slow hydraulic piston.

Thu, 09/15/2011 - 13:21 | 1673914 bid the soldier...
bid the soldiers shoot's picture

Wait. Wait. How about rats, impalement and a guillotine all wrapped up in a Rube Goldberg contraption that dispensed Pirate's Booty and Sour Cream and Onion potato chips to the angry mob?

Thu, 09/15/2011 - 13:42 | 1674018 Simon Endean
Simon Endean's picture

Dude, it's Wall St.  A Brazen Bull would be the most appropriate form of execution.

Thu, 09/15/2011 - 12:37 | 1673753 Temporalist
Temporalist's picture

Starving rats in cast iron pots tied to kleptocrat's bellies...new reality TV show.  Please submit possible show titles.

Thu, 09/15/2011 - 13:50 | 1674054 Hugh G Rection
Hugh G Rection's picture

"Of Rats and Pigs." I think a nod to the depression era novella is appropriate.

 

Thu, 09/15/2011 - 16:00 | 1674491 TheMerryPrankster
TheMerryPrankster's picture

welcome to "WHAT'S EATING YOU!!!"  Today's contestant needs no introduction, lets all welcome Lloyd Blankfein.

All right Lloyd, spin the wheel and lets see how many hungry rats you get in your iron cage. By the way today's episode is brought to you by Purina Rat Chow, which is perfect for feeding your favorite rodents, when you don't have a fatcat banker handy to munch on.

Great job Lloyd, looks like your've spun a 3. Now lets wax your belly and apply a nice coat of honey and ants to get things warmed up.

 

So "What's Eating You" would be my best game show name. People will get bored with just rats, so with a nice vague name, you can use any carnivore in the animal kingdom. I think it should run on CNBC and Bloomberg. Charlie Rose would make a great host since Richard Dawson isn't available due to other commitments.

Thu, 09/15/2011 - 13:23 | 1673930 andyupnorth
andyupnorth's picture

"I killed the banks!" said Andrew Jackson on his deathbed.  He didn't boast in killing bankers.

That should be our goal too; but some collateral damage is inevitable.

Thu, 09/15/2011 - 13:46 | 1674039 Hugh G Rection
Hugh G Rection's picture

Agreed, but we can still fantasize...

I like the rat in a cast iron pot idea.  Leaves too much to the imagination for the viewing audience though.  Would need a "rat cam" to document the slow escape.

Thu, 09/15/2011 - 14:23 | 1674144 Temporalist
Temporalist's picture

Of course it's metaphorical; the guillotine, lynching...comfy chairs.  "Nobody expects the Spanish Inquisition!"

http://www.youtube.com/watch?v=sAn7baRbhx4

 

Oh and the rat cam...splendid idea.  I suppose today it would could be glass or plastic and see through...could have an internal cam too I've seen the commercials.

Thu, 09/15/2011 - 11:15 | 1673437 Oh regional Indian
Oh regional Indian's picture

Track that to the price of gas at the pump. 

I think you'll see an almost 100% correlation. Happiness in the US is a cheap tank of gas, so you get to nowhere faster and cheaper and spend money you don't have on things you don't need.

Such is how it looks to me. Anyone?

ORI

Curse of free Energy

Thu, 09/15/2011 - 11:32 | 1673520 Minimum Clearance
Minimum Clearance's picture

Correlation is not causation.

Thu, 09/15/2011 - 11:44 | 1673561 Theta_Burn
Theta_Burn's picture

My problem is the gas in my "tanks" takes my to my earnings, pumps shuts off @100 with a 1/4 to go... so for me happyness IS a full tank @100

My sympathies Europe... really

Thu, 09/15/2011 - 11:46 | 1673568 ZeroAffect
ZeroAffect's picture

ORI, the link you provide is one perspective. Yes it is a meaningful part of the problem but the overall trend and issues are far more complicated than the curse of so-called 'free energy'. The present world system continues to be run by the Elites and it is warped, twisted, broken, FUBAR. We were promised Hope and Change but we only got more of the same and worse. Is some other event coming down the pike that leads to more promises to change the present system? I believe so but it will more of the same and perhaps a much worse system.     

Thu, 09/15/2011 - 20:48 | 1675695 Oh regional Indian
Oh regional Indian's picture

True ZA, but I think it is a pivotal one, yes?

ORI

Thu, 09/15/2011 - 11:53 | 1673599 LaLiLuLeLo
LaLiLuLeLo's picture

I just moved right outside DC. What a cluster-f***.

You should see these yups in A4 converts. complete frat broboys; just suck suck sucking away.

Thu, 09/15/2011 - 13:55 | 1674069 mick_richfield
mick_richfield's picture

Alas, alas, that great city Babylon, that mighty city! for in one hour is thy judgment come.

Thu, 09/15/2011 - 10:44 | 1673277 macfly
macfly's picture

Jeez, and we have this till 2016, how bad is it gonna get?

Thu, 09/15/2011 - 10:49 | 1673316 Azannoth
Azannoth's picture

The answer to this question lies with you, no1 forces you to put up with this, just pack your bags and go

Thu, 09/15/2011 - 10:44 | 1673282 treemagnet
treemagnet's picture

Yes, but misery is transitory see, its the S&P that counts.

Thu, 09/15/2011 - 10:50 | 1673328 Syrin
Syrin's picture

If this was posted anywhere but here, I would assume you were being serious and an epic idiot.   It's good to know your audience.

Thu, 09/15/2011 - 10:58 | 1673365 treemagnet
treemagnet's picture

I'm quoting Tim and Ben.  Otherwise known as Benothy.

Thu, 09/15/2011 - 11:14 | 1673427 RSloane
RSloane's picture

Haha!

Thu, 09/15/2011 - 11:31 | 1673509 narapoiddyslexia
narapoiddyslexia's picture

Why not Bim?

Thu, 09/15/2011 - 10:45 | 1673289 JohnG
JohnG's picture

100 days till Christmas.......

Thu, 09/15/2011 - 10:49 | 1673317 Id fight Gandhi
Id fight Gandhi's picture

Fuckers on cnbs expect a great season.

Funny, stores aren't even hiring seasonally. All Christmas is money to Chinese shit we don't need, and debt we can't afford.

Thu, 09/15/2011 - 11:13 | 1673424 JohnG
JohnG's picture

I don't  do Christmas myself......traditionally hamburgers on the grill.  No presents.

Thu, 09/15/2011 - 11:49 | 1673576 Incubus
Incubus's picture

Holidays are only corporate backed events: they've long since lost any of the original meaning they were supposed to hold; I quickly learned of the real meaning of "holidays" when I used to work retail.

 

Thu, 09/15/2011 - 12:07 | 1673667 Fish Gone Bad
Fish Gone Bad's picture

That actually sounds like a really nice Christmas.

Thu, 09/15/2011 - 10:47 | 1673292 Cognitive Dissonance
Cognitive Dissonance's picture

I was a child of the 50's and 60's and a young adult of the 70's. Based upon that chart I now understand why I was so miserable.

Now I will soon be a retiree of the 10's, 20's and 30's. God help me, but here comes more misery.

Thu, 09/15/2011 - 10:54 | 1673345 equity_momo
equity_momo's picture

And thats saying something , you were born in pretty much the golden age. If a plebian born in the 50s couldnt find happiness then thats really saying something about plebs.I now see why the Aristochracy act like they do. Whats the alternative? Being a miserable git basically.

-nothing personal CD , just an observation.

Thu, 09/15/2011 - 11:20 | 1673461 Cognitive Dissonance
Cognitive Dissonance's picture

Nothing personal taken.

The Golden age? Really? That observation all depends upon what you value as opposed to what the machine society tells you to value. We all know that the machine has been lying to us for centuries. So the Golden age is all about relative perception. It all depends upon the measuring stick the machine tells us is the only one to use. For every positive you bring out I can bring out a corresponding negative.

Welcome to the machine.

Thu, 09/15/2011 - 11:29 | 1673504 Don Birnam
Don Birnam's picture

Although a tad bit younger than the participants in this conversation, I was, nonetheless, quite familiar with a certain "machine" in my youthful days...wore the "tires" flat -- being plastic, quite literally...

http://www.collecttoys.net/1970s-Toys/images/Big-Wheel.jpg

 

Thu, 09/15/2011 - 11:50 | 1673555 Cognitive Dissonance
Cognitive Dissonance's picture

Big Wheel racing is not just for little kids anymore. There are now Bring Your Own Big Wheel (BYOBW) racing meets across the country. One can view this as going full retard or reliving the good old days. So is/was the Golden age Big Wheeling at 5 years of age or 45?

Don, is that you up front leaving some fingertip skin on the pavement? Looks like you have an understeer issue there big boy. :>)

Big Wheel

Thu, 09/15/2011 - 11:57 | 1673613 Don Birnam
Don Birnam's picture

"full retard/reliving the old days..."

Ha -- I'd have to say, in response to your thought, clearly the former...that said, however, these guys are rubes. Man up, people -- no kid worth his Pop Rocks and Bub's Daddy grape gum stick ever wore a helmet on a Big Wheel. That's cheating. It simply wasn't done. I recall my old model had the hand brake for easy spin-outs -- facilitating equally easy sidewalk pile-ups. 

Thu, 09/15/2011 - 14:07 | 1674107 moondog
moondog's picture

Ah yes, the green machine...

Thu, 09/15/2011 - 12:24 | 1673728 Rodent Freikorps
Rodent Freikorps's picture

They are wearing helmets to race Big Wheels?

WTF?

We are doomed.

Thu, 09/15/2011 - 12:31 | 1673742 Cognitive Dissonance
Cognitive Dissonance's picture

I suspect they are 'racing' on city property. Thus it's helmets......or kindly leave and take your Big Wheel with you.

Thu, 09/15/2011 - 13:47 | 1674046 blunderdog
blunderdog's picture

What about the poor folks who can't afford Big Wheels?

http://www.youtube.com/watch?v=VnsO-VF7i2c&feature=player_embedded

Thu, 09/15/2011 - 13:31 | 1673965 equity_momo
equity_momo's picture

The machine has been lying to us from year dot.
But yes , the mid 20th century was a golden age for mere schleps like us. And you know it. Unless you felt you were somebody important in a former life youd be bending over for the machine even more than you have to now.
Maybe that's why we are so cynical :It's all downhill from here and that index will goto the moon before a system reset changes society for the better. But the period of change will be very very ....challenging.

Thu, 09/15/2011 - 11:06 | 1673392 TradingJoe
TradingJoe's picture

CD

most people do not know what Misery really looks like but we both know they soon will! May Faith have mercy but it still won't help! AM "only" 46 now, still "young" but I ve seen things, Jesus, knowing it will happen here too makes me angry and sad!

Thu, 09/15/2011 - 11:12 | 1673420 ww2vet
ww2vet's picture

i live in boca raton, fl-still off-season, best restaurants full, best shops full-only trash sitting at the curb

Thu, 09/15/2011 - 11:49 | 1673583 tarsubil
tarsubil's picture

They better live it up while they still can. Geesh, you can't possibly think that is an economic indicator, right?

Thu, 09/15/2011 - 11:09 | 1673409 Hulk
Hulk's picture

Don't think we are going to see roaring 20's 2.0 ...

Thu, 09/15/2011 - 11:23 | 1673476 Cognitive Dissonance
Cognitive Dissonance's picture

Damn. Too bad......because I was looking forward to a Flappers revival.

Flappers

Thu, 09/15/2011 - 11:43 | 1673542 Don Birnam
Don Birnam's picture

CD, I have seen many, many images of the 'Twenties, but my favorite remains this one. It is the embodiment of the devil may care audacity which was the Jazz Age ( ...with a little help, no doubt, from some garter flasks and bathtub gin ). Here's to better days...

Chicago. December, 1926.

http://28.media.tumblr.com/tumblr_lfwib7HSpL1qg8r34o1_400.jpg

Thu, 09/15/2011 - 11:47 | 1673569 Cognitive Dissonance
Cognitive Dissonance's picture

In high heels no less.

Wait a minute Don, did they have photoshop back then? :>)

Thu, 09/15/2011 - 12:02 | 1673638 Don Birnam
Don Birnam's picture

Incredible shot, yes...doing the Charleston on the rooftop ledge of the Sherman Hotel. My kind of girls. ;)

Thu, 09/15/2011 - 11:11 | 1673414 dollarcoaster
dollarcoaster's picture

Someone knows-how the dynamics of massive destruction of wealth. When we shake an orange tree, do oranges fall from it?

 

Thu, 09/15/2011 - 12:45 | 1673784 chindit13
chindit13's picture

Unless this is sarcasm whose subtlety escapes me, I think it says a lot about the mindset of the people on this site that wallowing in self-created misery gets all up arrows.

So not to you specifically, but to those who really represent that mindset:

JFC, this isn’t the Black Plague, the Holocaust…not even the Spanish Flu of 1918 (or thereabouts). You live infinitely better than 90% of the world, and better than 99.9% of people who have ever walked the Earth. You also have that most rare of human gifts: choice. You can find a small piece of land in the middle of nowhere, grow your own food, do some hunting, watch the sun come up and go down, and ignore the rest of the world. You want happy? Stop going out of your way to look for reasons to be miserable. Happiness isn’t shallow, it isn’t naïve. It’s the way to live life. Misery isn’t deep and it isn’t "aware". It’s a choice, a bad choice, a useless choice.

Out here I was taking care of a young boy who had developed acute myelogenous leukemia. The first hospital we went to had cement floors, nowhere near enough beds, sketchy power, and no medicines on site. (This land has the lowest per capita government spending on health care in the world.)  Doctors wrote out prescriptions, and I had to run about town going to pharmacies to get everything from the chemo drugs to needles and cotton swabs. Every day the doctors said he would probably die that night. Every morning he was still alive, though rotting away and in great pain. Edemas and open sores all over his body.  Still he'd smile when I'd come in, and ask me to tell him stories about me flying him around in a plane once he got better, or driving a fast red car. For four months he fought. Nobody survives what he had, but on rare occasions they go into a brief period of remission. Thirty other kids came and went while he was in the hospital. Went is dead. After four months, despite weighing about forty pounds, he walked out of the hospital. The doctors all cried. He put on weight over the next half year, and spent his time going back to school and playing soccer with his buddies. The leukemia returned. Chemo didn't help. The hospital sent him home to be with his parents and siblings. His teeth fell out and he smelled putrid. One morning he pointed to a picture on the wall of him when he was healthy. Though he could barely speak he said, "Remember him, not me." That was it.

He was twelve when it took him. Despite the pain, the fear, and real misery, he did not complain or whine about anything.  He didn't care about some index, he cared about getting as much as he could out of whatever was handed him and whatever time he could squeeze out.  He dealt with it.

Whose life do you think you are living?

 

Thu, 09/15/2011 - 13:25 | 1673939 kill switch
kill switch's picture

Chindit13,,

 

Misery +1000 You do good work my friend...Thanks for sharing WOW!

Thu, 09/15/2011 - 15:38 | 1674345 Theta_Burn
Theta_Burn's picture

 

Chindit13 You have a knack for writing to say the least.

Thank you for that, putting things into perspective can hurt sometimes.

Thu, 09/15/2011 - 10:46 | 1673295 Paladin en passant
Paladin en passant's picture

Looks like a breakout to me. Barry the Magificent is toast.

Thu, 09/15/2011 - 11:00 | 1673375 sushi
sushi's picture

Worse than toast when folks look at all the dollars flowing to Europe to make those strangers happy!

Thu, 09/15/2011 - 10:46 | 1673296 buzzsaw99
buzzsaw99's picture

the bernank doesn't care about cat food eating grandmas, jamie needs a new yacht!

Thu, 09/15/2011 - 11:19 | 1673458 OOONONO
OOONONO's picture

I will gladly sell him mine.

Thu, 09/15/2011 - 10:47 | 1673297 Syrin
Syrin's picture

Does that use the real numbers as have been historically used and provided at shadowstats.com or does it use the gov't manipulated and forged numbers?   If it uses the gov't provided numbers, then the misery index would be substantially higher.

Thu, 09/15/2011 - 10:51 | 1673338 vote_libertaria...
vote_libertarian_party's picture

You beat me to the question.

 

What would it be using consistent formulas for both those numbers?

Thu, 09/15/2011 - 13:47 | 1674043 mick_richfield
mick_richfield's picture

30.

Using ShadowStats numbers, we are at freaking 30.

That's interesting to me, because I remember 1983 -- and this year definitely feels worse to me than 1983.  The ShadowStats numbers feel right.  In addition to having the advantage of being honest.

 

Thu, 09/15/2011 - 11:14 | 1673429 SheepDog-One
SheepDog-One's picture

Snapshot of real inflation old price to present price, numbers dont lie.

September 11 – Ten Years Later (Selected Statistics) « Across the Street

Thu, 09/15/2011 - 10:47 | 1673307 DirtMerchant
DirtMerchant's picture

to be revised higher next week

Thu, 09/15/2011 - 10:47 | 1673308 Henry Chinaski
Henry Chinaski's picture

I am reporting this posting to Attack Watch. 

http://youtu.be/-XYKRokgX00

 

Thu, 09/15/2011 - 10:48 | 1673310 DirtMerchant
DirtMerchant's picture

+1

 

Thu, 09/15/2011 - 10:48 | 1673315 Syrin
Syrin's picture

Why bother?   I assume everyone who posts here or is registered here was reported in advance before the thing went public.

Thu, 09/15/2011 - 11:01 | 1673378 DirtMerchant
DirtMerchant's picture

it pays to spoof your ip through a proxy...

hmmm, sounds like a business opportunity, setup a server in a bunker in Switzerland to run proxy for all ZH'ers for a measly oz of silver each?

Thu, 09/15/2011 - 11:17 | 1673446 JohnG
JohnG's picture

Fuck 'em.  I'm on the "teerrrrist" watch list already, which is why I HATE flying.

Next time, I'll wear a depends and eat onions rings and dark beer for 6 hours, shit myself on purpoose, hehehehe

But I'm a mean old man, should be great fun gassing them out.

:)

Thu, 09/15/2011 - 11:43 | 1673558 Hugh G Rection
Hugh G Rection's picture

I like your style :-)

Next time I fly I'll go a different route if I get a patdown.  Limpwristed flamboyent theatrics with a heavy lisp.  I'll act very excited for the procedure and tell the TSA agent how enchanting his eyes are.  Then I will attempt the loudest fake orgasm possible.

Thu, 09/15/2011 - 10:48 | 1673313 President Palin
President Palin's picture

this will be bullish for stocks

Thu, 09/15/2011 - 10:48 | 1673314 RobotTrader
RobotTrader's picture

Banks not really selling off that much

Thu, 09/15/2011 - 11:21 | 1673468 OOONONO
OOONONO's picture

I fart in your general direction!

Thu, 09/15/2011 - 10:49 | 1673319 Gandalf6900
Gandalf6900's picture

where is Jamie, I must have a word with that spoilt brat....my grandma needs her catfood!!!

 

ASAP

Thu, 09/15/2011 - 10:49 | 1673323 Everybodys All ...
Everybodys All American's picture

Looks like Obama has his work cut out for him if he is going to catch Carter. On the other hand. I wonder how relevant this index is based on how many shenanigans the politicians have played with when recording the CPI, PPI, etc. It seems to me we are far worse off now than we were during the Carter years.

Thu, 09/15/2011 - 10:50 | 1673326 equity_momo
equity_momo's picture

Bullish for anti depressants. Think i'll buy some pharma stocks.

Wonderful World we live in.

Thu, 09/15/2011 - 10:51 | 1673334 New_Meat
New_Meat's picture

Standing Headline bitchez!

Thu, 09/15/2011 - 10:51 | 1673336 pamriallc
pamriallc's picture

Someone assumes that this worthless index uses the same.components.rd of wallet share and that budget is the same as are components of the economy representing GDP. Pathetic example. associates@pamria.com

Thu, 09/15/2011 - 11:04 | 1673385 traderjoe
traderjoe's picture

And you're a less-than-worthless fiat stock advisor trying to drum up business on this site. Hey fucktard - how did your BAC recommendation work out for you? Book value and all, huh? Put all of your hapless clients into that one?

Thu, 09/15/2011 - 11:21 | 1673466 JohnG
JohnG's picture

Shawn Anthony Mesaros

601 Union Street, Suite #4200

Seattle , WA 98101

206-933-1600

 

FUCK YOU.

Thu, 09/15/2011 - 13:21 | 1673912 TheMerryPrankster
TheMerryPrankster's picture

Somebody needs a hug...

Thu, 09/15/2011 - 10:54 | 1673344 Gandalf6900
Gandalf6900's picture

IF only I could short UNICREDIT

Thu, 09/15/2011 - 10:54 | 1673349 Cognitive Dissonance
Cognitive Dissonance's picture

Just remember boys and girls, misery loves company. So lets all huddle under the table and love our misery.

Thu, 09/15/2011 - 11:19 | 1673456 Manthong
Manthong's picture

It might be helpful to employ a little cognitive reframing and for everyone to embrace their inner masochist.

Thu, 09/15/2011 - 11:58 | 1673623 Uncle Remus
Uncle Remus's picture

I prefer to be more productive - clean weapons, check dates on supplies, rotate stacks and check guillotine operation.

Thu, 09/15/2011 - 10:55 | 1673351 Bold Eagle
Bold Eagle's picture

With core CPI at 2% YoY, it will be hard for Ben to justify more QE.

P.S. I am assuming he is sane; please do not comment on my sanity.

Thu, 09/15/2011 - 10:55 | 1673352 Zola
Zola's picture

@pamriallc Go pimp your business elsewhere troll

Thu, 09/15/2011 - 10:56 | 1673357 slewie the pi-rat
slewie the pi-rat's picture

cathy bates sez hi!

annie wilkes:  [Right after smashing Paul's ankles with a sledgehammer] God I love you.

Thu, 09/15/2011 - 11:00 | 1673372 StrangerThanFiction
StrangerThanFiction's picture

You ain't seen nothing yet, wait 'till next month!

Thu, 09/15/2011 - 11:16 | 1673440 Don Birnam
Don Birnam's picture

The avatar alone earns a rec.

Thu, 09/15/2011 - 11:00 | 1673373 Theta_Burn
Theta_Burn's picture

Will we get yelled at for being cynical?

Thu, 09/15/2011 - 11:21 | 1673469 Hephasteus
Hephasteus's picture

NO. You're supposed to follow Warren Buffets "value" investing strategy. Where you buy stock in a company with a market cap of 4 billion dollars that can't make 4 billion dollars in you're fucking lifetime.  Because it's a value or something.

While the companies lose massive amounts of real money and claim massive profits on ponzi money.

http://techcrunch.com/2011/04/29/microsoft-internet-bloodbath/

http://www.libertylobby.org/articles/2000/20000327microsoft.html

And since all the companies are ponzi fuck ups waiting to happen we are supposed to believe that mergers are going to work. And people actually get mad at Ponzi fuck up Yahoo for not selling to bigger ponzi fuck up microsoft. Because there's no way ponzi fuck up yahoo can earn enough to pay off it's ponzi.

Thu, 09/15/2011 - 11:03 | 1673381 PulauHantu29
PulauHantu29's picture
California shacking – three trends crushing the California housing market. Young workers moving back home, household incomes back to 1990s levels, and lack of an entry level market.

The recent data released by the Census does not bode well for the U.S. housing market but especially for the California housing market.  We’ll go into the data later in this article but suffice it to say that household incomes continue to fall while poverty continues to increase. 

from The Doctor of Housing Bubbles:

http://www.doctorhousingbubble.com/

Thu, 09/15/2011 - 11:03 | 1673383 fdisk
fdisk's picture

Gold and Silver Miners and Metals itself collapsing.

What an absurd. Everything is fixed overnight.

Thu, 09/15/2011 - 11:13 | 1673421 Hearst
Hearst's picture

Yep both metals getting slammed all week.  Long term outlook still looking good.  2012 $60 Silver ought to happen.

Thu, 09/15/2011 - 11:06 | 1673393 SheepDog-One
SheepDog-One's picture

The 'misery' of the late 70's early 80's is nothing like the misery that will sweep america now like the Black Plague.

Thu, 09/15/2011 - 11:28 | 1673495 Silver Dreamer
Silver Dreamer's picture

Americans do not know what real misery is.  Wait until war on our soil begins, and then they will begin to understand.

Thu, 09/15/2011 - 11:07 | 1673395 SheepDog-One
SheepDog-One's picture

Govts and banks move to restrict personal gold purchases.

Banks, Governments Move To Restrict Personal Gold Bullion Purchases

Thu, 09/15/2011 - 11:24 | 1673471 Oh regional Indian
Oh regional Indian's picture

That story has been well refuted here:

http://www.thedailybell.com/2934/EU-Banks-Limiting-Bullion-Buying

look for the comments of Abu Aardavark.

ORI

Thu, 09/15/2011 - 12:14 | 1673683 SheepDog-One
SheepDog-One's picture

If you think personal trading of gold will remain free fair and unhindered, youre crazy.

Thu, 09/15/2011 - 13:12 | 1673867 Enceladus
Enceladus's picture

SDO - agreed

It will be as restricted as our access to illicit drugs and raw milk

Thu, 09/15/2011 - 13:23 | 1673929 TheMerryPrankster
TheMerryPrankster's picture

And just as succesful - all it does is magnify the black market and increase profits for risk.

Thu, 09/15/2011 - 11:07 | 1673396 Village Smithy
Village Smithy's picture

In other news the foreclosure machine has been re-worked and is up and running again. The banks all want to be first into America's revitalized property management sector (aka down through the ages as landlording). Sorry squatters, time to start paying again, sorry Apple and ANF mall spending will begin to reflect reality again.

Thu, 09/15/2011 - 11:08 | 1673400 PulauHantu29
PulauHantu29's picture

15 to 20 is more accurate perhaps. John Williams at Shadaow States shows the inflation at somewhere between 6-10%. Since the unemployment rate is 9% that means the Misery Index is up there at 15 to 20.

 

GL!

Thu, 09/15/2011 - 11:07 | 1673402 Azannoth
Azannoth's picture

in 2008 Americans voted for change, in 2012  they will be begging for it on street corners

Thu, 09/15/2011 - 11:24 | 1673481 OOONONO
OOONONO's picture

and by 2016, they will be "doing it" for change (i.e., nickels)

Thu, 09/15/2011 - 11:48 | 1673580 prains
prains's picture

and by 2020 the constitution will change to Mandarin

Thu, 09/15/2011 - 11:08 | 1673403 xtop23
xtop23's picture

 Unexpectedly low numbers.

 Trying to imagine the results if there had been an NFL lockout.

Thu, 09/15/2011 - 11:18 | 1673453 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

There may have been riots.

Thu, 09/15/2011 - 11:08 | 1673405 ItsEvolutionBaby
ItsEvolutionBaby's picture

http://www.youtube.com/watch?v=KzrpqkoF3rU&feature=feedu

New Clarke n Dawe

Explaining the sovereign debt crisis 

Thu, 09/15/2011 - 11:08 | 1673407 Killtruck
Killtruck's picture

Bullish for misery.

Thu, 09/15/2011 - 11:10 | 1673412 TheMerryPrankster
TheMerryPrankster's picture

This is THE growth industry of the  decade. Misery - we need a magazine so we can target our demographic and sell goods and services to this growing market segment.

Misery - Misery loves company and companies love misery.

articles for the premier issue:

Top ten most miserable cities in the U.S.

Top ten most miserable careers in the U.S.

Top ten most miserable investments.

Misery and Missouri - how to tell the difference.

Misery and multilevel marketing - get in at the bottom

The mystery of misery, how did it get so bad so fast?

Lose 20 lbs by Christmas with the Misery Diet.

Enter now to win tickets for our Marvellous Magical Misery Tour

7 expense paid days in Khandahar and a bonus  week in some

shit hole in Southeast Asia - pack your Pepto Bismol now.

 

I'm looking for investors to get in on this fantastic publishing

opportuninty. 10k gets you a byline, 25k and you're on the masthead.

250k and over - vice president and a gold plated taser. Act Fast!!!!!

Thu, 09/15/2011 - 11:11 | 1673413 Catch-22
Catch-22's picture

What's up with the 80's...? oh yeah, that's right, "DISCO". Yap pretty miserable. 

Thu, 09/15/2011 - 11:17 | 1673444 TheMerryPrankster
TheMerryPrankster's picture

80's was new wave. Big hair, yuppies, say no to drugs, ron & nancy.

Disco was 70's - though it never really died, just morphed into house,techno,trance,dance, etc.

70's was androgny, hippies, rock, heavy metal, folk, top 40, punk, Sid & Nancy.

 

Thu, 09/15/2011 - 11:37 | 1673538 Catch-22
Catch-22's picture

Tell me that's not your bio, your just helping me out with my timeline... 

Thu, 09/15/2011 - 13:26 | 1673941 TheMerryPrankster
TheMerryPrankster's picture

Me? I'm just a flyspeck on the windshield of life, but I've seen movies...

Thu, 09/15/2011 - 14:22 | 1674149 blunderdog
blunderdog's picture

The Grateful Dead's disco album was released in 1980, so it certainly wasn't "over" by then.  :)

Thu, 09/15/2011 - 15:39 | 1674376 TheMerryPrankster
TheMerryPrankster's picture

I'm not gonna try to defend an intangible line of demarcation, but 3 quick points.

1. If the Grateful Dead was doing Disco, one could argue the pendulum had swung as far as it could possibly go at precisely that moment as an indicator.

2. some people have said Jerry Garcia and Donna Summers are the same person. I've never seen them together in the same room at the same time. I don't know if its true, I'm just repeating what I read somewhere.

3. Disco was likely a manifestation of the widespread cocaine use, all that excess energy had to be expressed somehow and funky dancing was the most socially acceptable manner at the time. Though dancing in those clunky shoes and wearing all that shiny polyester had to increase the personal misery index by a good bit.

Lets talk about pop musik. Was Falco a genius or was I just high on glue?

 

Thu, 09/15/2011 - 16:16 | 1674558 TheMerryPrankster
TheMerryPrankster's picture

You draw nicely.

Thu, 09/15/2011 - 22:07 | 1675909 Catch-22
Catch-22's picture

... was nice to meet you ... Prankster, Dog ... I enjoyed our little chat.

Thu, 09/15/2011 - 11:11 | 1673415 OutLookingIn
OutLookingIn's picture

WTF? Misery Index.

Tell that to the guy who has;

1/ Lost his job and his savings

2/ Lost his car

3/ Lost his house

4/Lost his family

5/ Now has lost his visitation rights to the kids

6/ And is now standing on the corner in the rain, with a gun in his pocket - thinking.....

Thu, 09/15/2011 - 11:15 | 1673435 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Damn it!  Now I need to sell my gun.

Thu, 09/15/2011 - 11:19 | 1673460 TheMerryPrankster
TheMerryPrankster's picture

Maybe, that sign I made that said "will work for bullets!!" wasn't such a good idea after all?

Thu, 09/15/2011 - 11:13 | 1673422 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

I think gold's support is at $1775.  Now we will see.....

Thu, 09/15/2011 - 11:20 | 1673463 Don Birnam
Don Birnam's picture

1775...Ah, that extraordinary year. If they mean to break gold, let it begin here...

 

Thu, 09/15/2011 - 11:14 | 1673426 economicfreefall
economicfreefall's picture

Today we have another big guy calling for more centralization of powers to stem the deteriorating forces hitting the Western world. Globalist George Soros wants a "European Treasury" to be created with the authority to tax the citizens. Mad people are trying to use the crisis to gain even more power. Should we really trust the same kind of people who got us here in the first place? Centralization has proven to be a failure over and over again in the past. Maybe we should give freedom a real chance instead?

http://www.economicfreefall.com/2011/09/soros-is-mad-and-gold-is-strong....

Thu, 09/15/2011 - 11:16 | 1673439 alien-IQ
alien-IQ's picture

this must be one of those surveys that they DON'T conduct in the Hamptons.

Thu, 09/15/2011 - 11:20 | 1673459 reader2010
reader2010's picture

Gordon Gekko: If you're not inside, you're *outside*! 

 

Fuck the "Misery."  You know what? Ferrai and Golfstream can't simply keep up with the demand. Where is the misery?

 

http://mobile.bloomberg.com/news/2011-09-14/ferrari-proves-recession-proof-as-ultra-luxury-sells-out-cars.html

Thu, 09/15/2011 - 11:26 | 1673488 TheMerryPrankster
TheMerryPrankster's picture

Ferrari and GulfStream.

If you can't spell Ferrari, you can't have a Ferrari.

with apologies to the Greaseman who said to his German Shepard, "if you can't say chihuahua, you can't have a chihuahua."

 

Thu, 09/15/2011 - 11:46 | 1673567 tmosley
tmosley's picture

Actually, those who are rich enough to own a Ferrari don't have to spell anything right.  They have executive assistants for that.

Thu, 09/15/2011 - 12:04 | 1673655 Rockfish
Rockfish's picture

Maserati, Lamborghini, Ferrari, Bentley, Rolls-Royce and Aston Martin -- will rise 19 percent this year to 28,090 vehicles, and gain another 13 percent in 2012

Wow look at those number 28k. The size of a pimple on a nats ass.

Thu, 09/15/2011 - 11:31 | 1673510 flattrader
flattrader's picture

Unfortunately shadowstats.com doesn't track the Misery Index separately...at least on the free portion.

Just look at his alternate unemployment and inflation measures and you'll discover that your suspicions are correct.

Thu, 09/15/2011 - 11:33 | 1673523 Die Weiße Rose
Die Weiße Rose's picture

 solvency problem or a liquidity problem ?

If I am running out of cash to pay for my bills - i got a liquidity problem.

If I can't sell my assets to raise cash to pay for my bills - I got a solvency problem.

If the value of my assets is lower than the amount I owe on my bills - I am broke...

unless I am a government bank...

Thu, 09/15/2011 - 11:35 | 1673529 Silverhog
Silverhog's picture

I would prefer a "This Sucks Index" it would include a response to main stream media bullshit and bungling government ineptness at everything.

Thu, 09/15/2011 - 15:45 | 1674398 TheMerryPrankster
TheMerryPrankster's picture

The Dyson index.

It could be measured in bowling balls.

ie my life sucks so bad you couldn't clean it up with a 4 bowling ball rated Dyson Indoor/Outdoor Suckamatic 10 Thousand, with drapery attachments. Might need tweaking, it tends to get a bit wordy.

Thu, 09/15/2011 - 11:37 | 1673535 AldoHux_IV
AldoHux_IV's picture

It's so pathetic how the central planners are really setting up their non-event type statements and actions by manipulating prices around most vulernable market days (quad witching-- although now it seems to be most days since there is no real market anymore) to help accentuate the proclamation that all is solved and being worked on.  It's the most obvious form of psy-op manipulation there is thereby (like all their policies in the end) making it really inconsequential and if anything more problematic for the future as all trust and credibility (and ability) is thrown out the window everytime these moronic assholes open their ignorant mouths-- perhaps insane mouths.

Doing the same thing over again and expecting a different result-- that's what we're building our future upon: insanity.

So as the headlines continue to spout the same shit about standing united even though it will hurt more than it helps or someone bailing out someone else somewhere else act as good enough reasons for these genocidal maniacs to continue to impose their will upon the masses we continue to allow it to happen.

Thu, 09/15/2011 - 11:48 | 1673574 Hobbleknee
Hobbleknee's picture

Winning!

Thu, 09/15/2011 - 12:34 | 1673749 Temporalist
Temporalist's picture

"Winning the Future" 

 

Obama has it right; the future has already been won!  The problem is that today is a total clusterfuck.

Thu, 09/15/2011 - 12:39 | 1673769 ATG
ATG's picture

The real numbers for inflation plus unemployment:

12% + 29% = 41%

 

http://www.shadowstats.com/alternate_data/inflation-charts

 

http://cwcs.ysu.edu/resources/cwcs-projects/defacto

 

 

Thu, 09/15/2011 - 13:45 | 1674031 Esso
Esso's picture

41 is more like it, but obviously you didn't receive the memo about reality and truth being outlawed.

Thu, 09/15/2011 - 13:35 | 1673985 bugs_
bugs_'s picture

we need a miracle like mr adoboli

Thu, 09/15/2011 - 17:43 | 1674958 cynicalskeptic
cynicalskeptic's picture

It would be a LOT higher if you calculated inflation and unemployment the same way they did in the 1970's.......   but clearly, things are pretty bad even with the fudged statistics provided by government 

Do NOT follow this link or you will be banned from the site!