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Ridgewood N J, the “Hobbes Index” is the new “Misery Index” . The name is taken from 17th-century political philosopher Thomas Hobbes, who popularized the observation that life is “solitary, poor, nasty, brutish and short.”
Continue reading Welcome to the 70’s and the “Misery Index” is back as the “Hobbes Index”
Americans Not In The Labor Force Rise To Record 93,194,000
Submitted by Tyler Durden on 05/08/2015 08:57 -0400
In what was an “unambiguously” unpleasant April jobs payrolls report, with a March revision dragging that month’s job gain to the lowest level since June of 2012, the fact that the number of Americans not in the labor force rose once again, this time to 93,194K from 93,175K, with the result being a participation rate of 69.45 or just above the lowest percentage since 1977, will merely catalyze even more upside to the so called “market” which continues to reflect nothing but central bank liquidity, and thus – the accelerating deterioration of the broader economy.
Wall Street advisor: Actual unemployment is 37.2%, ‘misery index’ worst in 40 years
BY PAUL BEDARD | JANUARY 21, 2014 AT 1:08 PM
TOPICS: WASHINGTON SECRETS JOBS TREASURY ECONOMY FEDERAL RESERVE INFLATION WALL STREET UNEMPLOYMENT
40 years ago, former President Ford issued “WIN” buttons, short for “Whip Inflation Now.” The…
Wall Street advisor: Actual unemployment is 37.2%, ‘misery index’ worst in 40 years
BY PAUL BEDARD | JANUARY 21, 2014 AT 1:08 PM
Don’t believe the happy talk coming out of the White House, Federal Reserve and Treasury Department when it comes to the realunemployment rate and the true “Misery Index.” Because, according to an influential Wall Street advisor, the figures are a fraud.
In a memo to clients provided to Secrets, David John Marotta calculates the actual unemployment rate of those not working at a sky-high 37.2 percent, not the 6.7 percent advertised by the Fed, and the Misery Index at over 14, not the 8 claimed by the government.
Marotta, who recently advised those worried about an imploding economy to get a gun, said that the government isn’t being honest in how it calculates those out of the workforce or inflation, the two numbers used to get the Misery Index figure.
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“The unemployment rate only describes people who are currently working or looking for work,” he said. That leaves out a ton more.
“Unemployment in its truest definition, meaning the portion of people who do not have any job, is 37.2 percent. This number obviously includes some people who are not or never plan to seek employment. But it does describe how many people are not able to, do not want to or cannot find a way to work. Policies that remove the barriers to employment, thus decreasing this number, are obviously beneficial,” he and colleague Megan Russell in their new investors note from their offices in Charlottesville, Va.
https://washingtonexaminer.com/wall-street-advisor-actual-unemployment-is-37.2-misery-index-worst-in-40-years/article/2542604
