The misery index is calculated by summing a country's unemployment rate with its inflation rate. With the unemployment rate falling and the inflation rate benign, misery in America is tumbling. Gluskin Sheff's David Rosenberg says it's a good thing. "The U.S. Misery Index... has fallen for three consecutive months from 8.4 in October to 8.3 in November, and is now below the long-run norm (so the new normal is actually the norm in this respect!) and the lowest it has been in four years," wrote Ro...
The misery index is calculated by summing a country's unemployment rate with its inflation rate. With the unemployment rate falling and the inflation rate benign, misery in America is tumbling. Gluskin Sheff's David Rosenberg says it's a good thing. "The U.S. Misery Index... has fallen for three consecutive months from 8.4 in October to 8.3 in November, and is now below the long-run norm (so the new normal is actually the norm in this respect!) and the lowest it has been in four years," wrote Ro...
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