Wall Street adviser: Actual unemployment is 37.2%, ‘misery index’ worst in 40 years

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.

Britain ‘under attack’ in cyberspace

Britain is seeing about 70 sophisticated cyber espionage operations a month against government or industry networks, British intelligence has told the BBC.

GCHQ director Sir Iain Lobban said business secrets were being stolen on an “industrial scale”.