Seattle misery index

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Email Address:. Sign me up! Create a free website or blog at WordPress. Home About Contact. Seattle Sucks. And snags spot 3 on the misery list. Add in rise in gas prices. Plus the change in home values. See more concerts near you. Tours most with Despised Icon. Napalm Death. Hate Eternal. Cannibal Corpse. Live reviews Misery Index Many bands use society and cultural events as inspirational material for their songs, but few bands have chosen an entire economic theory as the inspiration behind their name and the content of their songs.

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Evan Bush: or ebush seattletimes. Regardless, it is smart for investors to build an emergency fund in case of an economic downturn or job loss. As a measure of personal economic distress, the misery index may underweight the role of expectations and uncertainty by looking only at current unemployment and inflation rates—when much of the stress and worry that people actually feel is for their future economic prospects in addition to current conditions.

In particular, the unemployment rate is generally considered to be a lagging indicator that likely understates perceived misery early in a recession and overstates it even after the recession is over.

During the Great Moderation , the prevalence of low unemployment and low inflation figures across much of the world also meant that the misery index was seldom used except during brief recessions and crises from time to time.

Bad news sells, so periods of simultaneously low inflation and unemployment simply don't generate the same impetus to measure and track economic misery. The misery index has been modified several times, first by Harvard economist Robert Barro. In , Barro created the Barro misery index, which adds in consumer lending interest rates and the gap between actual and potential gross domestic product GDP growth to evaluate post-WWII presidents.

In , Johns Hopkins economist Steve Hanke modified Barro's misery index and broadened its application to be a cross-country index. Hanke's annual misery index is the sum of unemployment, inflation, and bank lending rates, minus the change in real GDP per capita. Hanke publishes his global list of misery index rankings annually for the countries that report relevant data on a timely basis.

The concept of a misery index has also been expanded to asset classes. The index calculates the percentage of winning trades against total trades and adds it to the cryptocurrency's overall volatility. The index is considered "at misery" when its total value is less than A variation of the original misery index is the Bloomberg misery index.

Argentina, South Africa, and Venezuela, countries beset by widespread inflation and unemployment, topped the index in On the other end, Thailand, Singapore, and Japan were considered the happiest countries according to economist estimates. But low inflation and low unemployment rates can also mask low demand, as the publication itself pointed out.

Japan is a textbook case of persistently low demand due to an economy that has been in stagflation for the last two decades. Although the misery index was first popularized in the s, it is possible to evaluate the economic misfortunes under different presidents by comparing their inflation and unemployment figures. Unsurprisingly, the most miserable year on record was during the Great Depression ; the misery index reached The index fell to 3.

Misery fell sharply under Ronald Reagan, and continued to trend downwards during the Bush and Clinton presidencies. During the presidency of George W. Bush, the misery index again trended upwards, reaching a peak of The index fell to a low of 5. Brookings Institution.

Clinton: Who's The Economic Champ? Cato Institute. Behavioral Economics.