The Misery Index is an economic indicator calculated by adding the unemployment rate to the inflation rate, and is used to measure the economic well-being of a country, with higher values indicating greater economic distress and lower ones less economic pain. There is officially no set « optimal » number, because that depends on economic context and policy objectives, making it a balancing act. Nonetheless, I’m of the firm opinion that the magic number is 6.0 – 2.0% for inflation and 4.0% for the unemployment rate – suggesting that inflation should be around ⅓ of the number concerned…
A Macro Market View by Hubert Marleau
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