A plaque remaining from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem.

Above, a 1934 plaque from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem. Discarded as trash in 2006. Now a Popeyes fast food restaurant on Google Maps.

Recent entries:
“I used to think drinking a whole pot of coffee by yourself meant you have a problem…” (1/28)
“There are two types of people: those who trust the government and those who have read history” (1/28)
“Starting your day with an early morning run is a great way to make sure your day can’t get worse” (1/28)
“Every law passed is another freedom lost” (1/28)
Entry in progress—BP (1/28)
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Entry from January 11, 2015
Joyflation (joy + deflation/inflation)

The term “joyflation” (joy + deflation/inflation) was coined by Oxford Economics Ltd. in December 2014. “Joyflation” referred to the oil-driven slowdown in inflation and accelerating economic growth—things that bring joy to an economy.

Business Insider
Britain’s ‘Misery Index’ Is About To Drop To The Lowest Level In A Generation
DEC. 30, 2014, 2:40 PM
Britain is heading for its most joyful year in the last quarter of a century, according to a group of economists.

Oxford Economics, a consultancy, says that the UK’s “misery index,” a combination of unemployment and inflation, will tumble to a multi-decade low in 2015.
Here’s Oxford Economics’ Scott Livemore on the “joyflation” trend:

There has been a lot of concern expressed in Europe about the risks of deflation and the threats it poses to economic stability. But falling oil prices offer the prospect of “good deflation” for the UK—giving people and companies more cash to spend and so supporting economic growth and jobs. It’s like we’ve had a big tax cut, but one paid for by the oil-producing nations overseas rather than by the Treasury.

Kevin Offer
How long before Gidiot and Call Me Dave take credit for “joyflation” in 2015?
3:30 PM - 30 Dec 2014

‘Joyflation’ Poised to Lift British Economy From Misery
By Simon Kennedy Jan 11, 2015 7:01 PM ET
The U.K. economy is about to get a dose of “joyflation.”

That’s the term coined by Oxford Economics Ltd. to describe the combination of the oil-driven slowdown in inflation and accelerating economic growth. It’s enough to force the Misery Index—a measure of an economy’s health generated by adding the rates of unemployment and inflation—to its lowest since at least 1989 when consumer-price data became available.

Posted by Barry Popik
New York CityBanking/Finance/Insurance • Sunday, January 11, 2015 • Permalink