We Know Property

Analysts at Moody’s have proposed a new misery index based on both unemployment and unmanageable debt leading to economic misery. The index uses the unemployment rate and the fiscal deficit as a percent of gross domestic product to calculate figures.

This measure, Moody’s says, is intended to reflect the expected challenges facing some major economics over the next decade.

The index value in the United States and United Kingdom is high, but then it’s much worse in places like Spain, Latvia, Ireland and Greece. Which is perhaps not terribly comforting.

For the full story see http://economix.blogs.nytimes.com/2009/12/15/a-new-misery-index