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Misery Index

Posted: August 1st, 2020, 10:58 am
by RichardZ
Year Misery Index Unemployment Inflation
1929 3.8% 3.2% 0.6%
1930 2.3% 8.7% -6.4%
1931 6.6% 15.9% -9.3%
1932 13.3% 23.6% -10.3%
1933 25.7% 24.9% 0.8%
1934 23.2% 21.7% 1.5%
1935 23.1% 20.1% 3.0%
1936 18.3% 16.9% 1.4%
1937 17.2% 14.3% 2.9%
1938 16.2% 19.0% -2.8%
1939 17.2% 17.2% 0.0%
1940 15.3% 14.6% 0.7%
1941 19.8% 9.9% 9.9%
1942 13.7% 4.7% 9.0%
1943 4.9% 1.9% 3.0%
1944 3.5% 1.2% 2.3%
1945 4.1% 1.9% 2.2%
1946 22.0% 3.9% 18.1%
1947 12.7% 3.9% 8.8%
1948 7.0% 4.0% 3.0%
1949 4.5% 6.6% -2.1%
1950 10.2% 4.3% 5.9%
1951 9.1% 3.1% 6.0%
1952 3.5% 2.7% 0.8%
1953 5.2% 4.5% 0.7%
1954 4.3% 5.0% -0.7%
1955 4.6% 4.2% 0.4%
1956 7.2% 4.2% 3.0%
1957 8.1% 5.2% 2.9%
1958 8.0% 6.2% 1.8%
1959 7.0% 5.3% 1.7%
1960 8.0% 6.6% 1.4%
1961 6.7% 6.0% 0.7%
1962 6.8% 5.5% 1.3%
1963 7.1% 5.5% 1.6%
1964 6.0% 5.0% 1.0%
1965 5.9% 4.0% 1.9%
1966 7.3% 3.8% 3.5%
1967 6.8% 3.8% 3.0%
1968 8.1% 3.4% 4.7%
1969 9.7% 3.5% 6.2%
1970 11.7% 6.1% 5.6%
1971 9.3% 6.0% 3.3%
1972 8.6% 5.2% 3.4%
1973 13.6% 4.9% 8.7%
1974 19.5% 7.2% 12.3%
1975 15.1% 8.2% 6.9%
1976 12.7% 7.8% 4.9%
1977 13.1% 6.4% 6.7%
1978 15.0% 6.0% 9.0%
1979 19.3% 6.0% 13.3%
1980 19.7% 7.2% 12.5%
1981 17.4% 8.5% 8.9%
1982 14.6% 10.8% 3.8%
1983 12.1% 8.3% 3.8%
1984 11.2% 7.3% 3.9%
1985 10.8% 7.0% 3.8%
1986 7.7% 6.6% 1.1%
1987 10.1% 5.7% 4.4%
1988 9.7% 5.3% 4.4%
1989 10.0% 5.4% 4.6%
1990 12.4% 6.3% 6.1%
1991 10.4% 7.3% 3.1%
1992 10.3% 7.4% 2.9%
1993 9.2% 6.5% 2.7%
1994 8.2% 5.5% 2.7%
1995 8.1% 5.6% 2.5%
1996 8.7% 5.4% 3.3%
1997 6.4% 4.7% 1.7%
1998 6.0% 4.4% 1.6%
1999 6.7% 4.0% 2.7%
2000 7.3% 3.9% 3.4%
2001 7.3% 5.7% 1.6%
2002 8.4% 6.0% 2.4%
2003 7.6% 5.7% 1.9%
2004 8.7% 5.4% 3.3%
2005 8.3% 4.9% 3.4%
2006 6.9% 4.4% 2.5%
2007 9.1% 5.0% 4.1%
2008 7.4% 7.3% 0.1%
2009 12.6% 9.9% 2.7%
2010 10.8% 9.3% 1.5%
2011 11.5% 8.5% 3.0%
2012 9.6% 7.9% 1.7%
2013 8.2% 6.7% 1.5%
2014 6.4% 5.6% 0.8%
2015 5.7% 5.0% 0.7%
2016 6.8% 4.7% 2.1%

4/2020 15.4%

While this is not a 'real' economic picture it does have some value. The norm is around 5.5%. Covid has made a real impact
and because of lagging unemployment data the M.I. might be higher than 15.4%.

I remember the late 70's and early 80's. It was misery. And here we are again.

Come October it will be interesting to see if the elections reflect the index. I think it will.

While I don't get around much like I did before Covid 19 those who I am in contact with voice a grumbling which is loud
and clear. People are NOT happy with just about anything going on. There is a pall over the land and it could spell big
trouble for Trump.

Weddings postponed, funerals unattended, no sports, sagging market, social unrest, cardboard cut outs in seats with piped
in cheering, masks, constant Covid death reports. I could go on and on.

We have a family friend who is 81. She was a teacher for 35 years and then took up the passion of her life training horses and built up a very nice
business. Worked like a rented mule and was outside from morning to dark. She is now in a nursing home. No visitors allowed. She cannot leave the facility although she is quite mobile. Tomorrow is her birthday and we are going to go with others to visit her. We need to stand outside her window and show her her cards. Someone is trailering her horse there and she will get to see him for the first time in 6 months.

Re: Misery Index

Posted: August 1st, 2020, 11:09 am
by WIldWIllieCat
Bless you for going to see her on her birthday and bringing her horses. That kind of stuff MATTERS.

Re: Misery Index

Posted: August 2nd, 2020, 9:00 am
by ToledoCat#3
A gold star on your "caring" report card, RZ.

Re: Misery Index

Posted: August 3rd, 2020, 10:31 am
by RichardZ
So, we did our thing yesterday. Very bittersweet.

The last time I saw her she was frail, but very into it and mobile. That was about six months ago. She is now just a shell. It is just so sad.

We sat in our vehicles, passed the gifts to her nurse while she sat there. I could tell she did not know us right away. We wished her happy birthday, told her we loved her but, she remained stoic. It was then I reminded her about her part in picking out and purchasing a three year old gelding 22 years ago and, under her guidance and training, became my daughter's national champion Arabian show hack horse. She beamed!! She smiled she reminisced.

We had about 25 cars going thru the line up. When we got home there was an email from her nurse saying that was the first time Joanne had smiled in months.

Now I suspect she is back in her room staring at the television. No visitors. No getting out and about. They are on complete lockdown.

What an ignominious final chapter for a grand lady.

Re: Misery Index

Posted: August 3rd, 2020, 10:59 am
by katlander
Nursing homes are bad enough with visitors. Without it is inhumane. We should all be doing things like this right now. This is the time to show what we are made of. I promise to do some good things soon. Thanks for the inspiring story and congrats for taking action.