Misery index is the curve to watch
The second term of Jimmy Carter is how some wags see the Obama presidency. During the Carter term the misery index — unemployment rate plus inflation rate — climbed to nearly 20 percent.
Las Vegas already has unemployment approaching 15 percent, but now there are signs of prices creeping up as the federal government continues to borrow and print money to cover the gap.
There is a report in today’s paper that clothing prices are increasing for the first time in years. As oil prices edge up, can gasoline be far behind? Food prices are going up as we pump corn into our cars’ tanks.
Meanwhile, our home values plummet.
Getting nostalgic for the Carter years yet?
