Wednesday, January 20, 2010

Wooo hoo. Better than Carter.



It was back in the summer that Mr S. made this prophetic prediction. I blogged about it here. He said "we'll be lucky if we get out of this being as bad as the Carter era"

Which, I will say again - I thought was preposterous. 18% interest! Ridiculous. I still doubt we will get to 18%, but it does make you bust out laughing when the California media polls for the first time start reporting that people aren't happy and points to how close President Money Bags is to Carters approval ratings at this time in his office. In California! Did I already say that? Oh yeah.

That is a very troubling sign.

Imagine what happens if, or depending on your view, when interest rates and inflation start kicking in! Most say that inflation is tame. That may be so. But, the latest look at the misery index seems to indicate inflation is picking up. Here (at the bottom). The red area indicates inflation.

The index is close to 13% now. A far cry from Carters 21% misery index, but we have a couple of years to go yet. The economists assure us that inflation won't hit any time soon. Right?

I just thought it was interesting. Your mileage may vary.

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