CPI, Unemployment=high Misery Rate of 11.5
OSO writes a quiet note:
In all this confusion, here’s some CPI figures.
-0.1% in August, which is 5.4% annual.
2008 Q3 is looking more and more like a substantial contraction.
With August unemployment at 6.1%, the Misery Index is 11.5, the highest
since June 1991.