Depression By The Numbers – A Poverty Bulletin
by Tyler Durden
As was already discussed last week, the number of Americans living in poverty is now at an all time high, even as the real income of the average American male worker adjusted for inflation is back to 1968 levels. But that is only the beginning. ProPublica has compiled an exhaustive bulletin summarizing the sad state of America’s depressionary reality in “Our Sputtering Economy by the Numbers: Poverty Edition.” For anyone wondering how we are doing now compared to “before”, this is the only list needed. The results are not pretty and confirm that Bernanke is now trapped in a corner, where every incremental attempt to reflate the stock market will make ever more people on the other side of the social spectrum even poorer until finally the Arab Spring makes its lone overdue appearance in America.