If retailers have a rough holiday season maybe they can blame student loan repayments starting up.
PPI had its biggest drop in October since 2020.
The consumer was still spending in October.
Is it time to recalibrate the “Misery Index”?
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The article discusses an adjustment to the misery index that multiplies by how unhappy it makes somebody (being unemployed is a lot more unpleasant that suffering through high prices). What the article then left out is an adjustment for the population size impacted. Everyone is impacted by inflation; unemployment only a small segment.
DB2
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