“Misery Index” at lowest level since 1950s | Brookings Institution

English: At a meeting with representatives of ...

English: At a meeting with representatives of US public, academic and political circles. Русский: На встрече с представителями американской общественности, научных и политических кругов. (Photo credit: Wikipedia)

This is an interesting read from the Brookings Institution.

The article reports that the “Misery Index,” an economic measure invented by former Brookings economist Arthur Okun in the 1970s that combines the unemployment rate with the inflation rate, has been at its lowest levels over the past year since the 1950s according to calculations by Senior Fellow Gary Burtless.

Source: “Misery Index” at lowest level since 1950s | Brookings Institution

Whilst I’m not disputing the overall statistics, especially for America, I think this is misleading. It’s necessary to cut and dice the data by:

  • Country
  • Region
  • Gender
  • Age
  • Class
  • Ethnicity

In my view, in the UK and Southern Europe excessive austerity has influenced the Misery Index

Thoughts?

Wisconsin primary: Ted Cruz and Bernie Sanders defeat Donald Trump and Hillary Clinton – Telegraph

English: Ted Cruz at the Republican Leadership...

English: Ted Cruz at the Republican Leadership Conference in New Orleans, Louisiana. (Photo credit: Wikipedia)

I woke up to the above amazing headline in the UK’s Telegraph.

Source: Wisconsin primary: Ted Cruz and Bernie Sanders defeat Donald Trump and Hillary Clinton

Read the article for a blow by blow real-time account of the amazing events.

It will of course take some time for commentators to fully analyze the implications.

The Clintons have an enormous amount of money which they can turn to negative or dirty campaigning. But the bottom line for Clinton is that voters worry that she’s out of touch with ordinary people.

Again Donald Trump has considerable destructive firepower. Watch for Trump going independent and splitting the GOP.

Thoughts?