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MISERY LOVES COMPANY

The misery index measures the supposed “misery” in the economy by adding the rate of inflation and the rate of unemployment. ┬áDespite the historically benign rate of inflation the misery index actually hit a new 27 year high last month as the rate of unemployment remained steady at 9.1% and the rate of inflation ticked up to 3.6%.

As the old saying goes – “misery loves company” and in this economy the rate of misery is certainly indicative of plenty of company on the misery front….

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