Misery Breaks Out

Although I often make reference to reports and editorials that highlight anecdotal evidence about how bad things are for a growing number of Americans, some visitors to Financial Armageddon would rather see hard data.

In that vein, I offer up the following post by Paul Kedrosky, publisher of the popular Infectious Greed blog, entitled  “Modified Misery Index: Now at All-time Highs.”

The Peterson Institute has brought back the “misery index”, a combination of the inflation rate and the level of unemployment, and added to it a measure of asset price declines. The upshot? The modified misery index is now at record highs:

[via PI]

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