IN THIS ISSUE:
1. The Return of the Long-Forgotten “Misery Index”
2. 2Q GDP Comes In Well Below Pre-Report Expectations
3. Gallup: Who Do You Trust? Depends On Your Politics
Today, we’ll touch on several bases, as I often do. I’ll start by revisiting the so-called “Misery Index”, which I suspect many of you may never have heard of. It’s an economic indicator devised in the 1960s, but we’ve heard it mentioned rarely in the last 40 or so years, until just recently.
Following that discussion, I will review last Thursday’s disappointing 2Q GDP report. Most forecasters missed this one big time and were very disappointed. I’ll tell you why I think it was still a very encouraging report.
Finally, I want to encourage all of my Forecasts & Trends subscribers to sign up to receive my “Between The Lines” (BTL) column I post every Thursday. BTL is free, it is much shorter than F&T and I often cover subjects and topics I don’t write about in F&T.
My latest BTL is a perfect example. I ran across a recent Gallup survey which included some very interesting political insights I had not seen elsewhere. I wrote about them in BTL last Thursday. You can see that column by clicking HERE. Better yet, I encourage you to become a subscriber so you’ll have access to everything I write.