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News Story Source: https://www.zerohedge.com, By Nicholas Colas
One warning: "Bitcoin" is among the top Google search autofills for the phrase "I want to buy…
We started our "Off the Grid" economic indicators in the aftermath of the Financial Crisis as a way to dig deeper into the longer-lasting effects of that event on the American consumer. It seemed to us that standard economic measures like unemployment or CPI inflation missed a lot about the state of the country. So we started gathering up a list of intuitive metrics that could fill those gaps.
A few examples from these datasets over the years:
#1 Participation in the Supplemental Nutrition Assistance Program (commonly called Food Stamps) went from 26 million Americans in November 2006 to a high of 48 million in late 2012. At that high water mark, 16% of the entire US population needed government support to put food on the table. And since participation in the program is based on income, this meant a substantial portion of the US population was living a
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