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Wall Street adviser: Actual Unemployment is 37.2%, 'MISERY index' worst in 40 years (VIDEO)

BY PAUL BEDARD | JANUARY 21, 2014
http://washingtonexaminer.com/wall-street-advisor-actual-une...

Don't believe the happy talk coming out of the White House, Federal Reserve and Treasury Department when it comes to the real unemployment rate and the true “Misery Index.” Because, according to an influential Wall Street advisor, the figures are a fraud.

In a memo to clients provided to Secrets, David John Marotta calculates the actual unemployment rate of those not working at a sky-high 37.2 percent, not the 6.7 percent advertised by the Fed, and the Misery Index at over 14, not the 8 claimed by the government.

Marotta, who recently advised those worried about an imploding economy to get a gun, said that the government isn't being honest in how it calculates those out of the workforce or inflation, the two numbers used to get the Misery Index figure.

“The unemployment rate only describes people who are currently working or looking for work,” he said. That leaves out a ton more.

Read more: http://washingtonexaminer.com/wall-street-advisor-actual-une...



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Well, I never made any claims

Well, I never made any claims to home sales (not surprising its fallen considering it has been on a roar this past year), but home prices, which are going up.

In regards to home ownership, yes, the ownership rate is going down, to around the 90s level of 64%. However, I come at it from the perspective that the levels of nearly 70% in 2006 were simply too high and created by the easy-lending system.

To put it in perspective, IIRC, home ownership has hovered very close to 64% since about 1965 (from 1913 to 1965 it was up from around 40%)...before in the mid-90s to 2005 it jumped significantly to nearly 70%. So I see the current decline as more of a product than that than anything else. In the same vein, the credit Obama has gotten for stemming the bleeding is due to that regression.

By net financial wealth, I mean the total (yearly level of increase) in the wealth of the private sector. I am sure there is an argument to me made over the content of that wealth increase (the balance of surplus in the private sector itself), but in any case, Obama's administration has seen the largest increase in private sector wealth in a long, long, LONG time., both in nominal terms and as a % of GDP. Moreover, he's the first president to improve the trade deficit in a significant manner since Bush the first.

Plan for eliminating the national debt in 10-20 years:

Overview: http://rolexian.wordpress.com/2010/09/12/my-plan-for-reducin...

Specific cuts; defense spending: http://rolexian.wordpress.com/2011/01/03/more-detailed-look-a

bookmarking this--

.

it's hard to be awake; it's easier to dream--

Alcohol consumption and birth rates

It would be interesting to note if these are increasing. Usually these rise in places of growing misery imo.

Cf. Russians and vodka and third world birth rates. American birth rates should double in the next ten years in this case.

Who can afford domes?

donvino

Ya all those suckling infants

Ya all those suckling infants need to get jobs.

Its one thing to count the discouraged / dropped out of work force, but counting people who shouldn't be in the work force in any situation is hype.

Nothing to do

with infants.

Forgive my hyperbole. What I

Forgive my hyperbole. What I mean to say is that the effects of more discouraged workers than average exiting the labor force amounts to a few points either way. Calling the 38% not in the labor force "unemployed," as though it were an apples to apples comparison with the normally cited unemployment rate, is misleading to anyone not familiar with the metrics. You won't find any economy anywhere with our demographic profile, which has a 95% labor participation rate and only 5% not in the labor force. We have millions of retiring boomers.

irrelevant

Labor force participation is down 15% since 2000, using the fed's massaged numbers.

100-62.8=37.2
http://research.stlouisfed.org/fred2/series/CIVPART/

Okay. What of it?

Okay. What of it?

In Silicon Valley You Can See Lots Of Vacant Buildings: It's Bad

We are indeed in a great depression my friends and it will grow much worse, especially if China's economy blows up...I wouldn't want to live in China when all hell breaks loose, let alone in America...

We must liquid debt ASAP and get over this and get back to work..The longer this goes the worse it will be.

The FED can ease and ease, but eventually all the worthless money they print won't keep this 'World of Fiat' alive..

Boom! Boom! & Kaboom!

Its funny you mention Silicon Valley

I have friends that live in San Francisco,San Jose Campbell,Newark. Most are in denial just can't believe this happen and still don't believe. Superficial Selfish People just like LA and San Diego.

I went to China last month.

To Guangdong.

Lots of very shiny apartments. Lots and lots of development and construction. Lots of industry, lots of big investment, and lots of people.

But I'd never seen an emptier, deader world. No culture, no family, lots of government but no soul. I tell you as a one whose ancestors are Chinese: it's a facade. It's the most elaborate facade that I'll ever see in my life, and what it masks is something monstrous. All that Gold and Silver that's beeen bought up by the Chinese Gov't is owned by the state, and not by individuals. So that idea of China's communist system opening up to the free market? That ain't a free market. It's just communism with lots of money, and that money isn't going where it should go any time soon.

China is filled with lies, big government... and vacant buildings.

I believe in the freedom to be what we choose to be.

Thanks for Sharing.

I am Indian and I am glad that we didn't go the Chinese way to control population.

I read something recently about the dangerous situation of Chinese family setup. With the 1 child only law in effect for 3 to 4 generations in China, many families in the past seem to have used 'illegal' methods of gender identification to commit female foeticide and go for boy babies exclusively that the male:female sex ratio has steadily been increasing in China for those many generations (See under 15 sex-ration at https://en.wikipedia.org/wiki/List_of_countries_by_sex_ratio)

Also if there were 2 couples who each had 1 children each and they got married and had 1 child, now there is only 1 grand-child per 4 grand-parents and this obviously is a great disaster to the family structure. How could a Government be allowed to dictate the number of children a couple should have?

China

The 'excess' will most likely be nullified imo....either by var or purge.

donvino

My grandma lives in a small

My grandma lives in a small town in Nebraska and it has been all but gutted. Main street is literally rotting and the only business is huge agricultural corporations. The only people still around are all on welfare and crime is skyrocketing, everything from drugs to copper theft. It is a really sad sight to see.

We all share this eternally evolving present moment- The past and future only exist as inconsequential mental fabrications.

I also live in a small town in Nebraska

and yes, it's been gutted too. It used to be the manufacturing beacon in the middle of an all-corn-field state so we had 14 major manufacturers (around 6 national chains originated here).

Now, we're fighting to keep the last one local. They were bought out but they've retained their local name branded line as well as the new national one. The problem is that now they hire 2,000 people for six to seven 12 hour days and then lay them off for 3-5 months up to twice per year. Really plays havoc with the economy.

Other than that, it's all wallmart, farm income, bars and commuting to bigger cities.

His estimates are certainly

His estimates are certainly closer to reality than the figures from our lying government. Just from personal experience, I'd estimate that comprehensive unemployment is about one out every three. Many people work multiple jobs which shrinks the available pool of work even further. And this corrupt government intends to create a national biometric system to prevent "illegals" from taking work from American citizens. Unfortunately, tens of millions of MORE illegal aliens will no longer be illegal once amnesty is passed and the biometric system in place. Let Washington, D.C. come to its constitutional senses or let a long overdue tragedy fall on Washington, D.C.