Countdown to Financial Armageddon
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Countdown to Financial Armageddon
Tracking the final days of the debt bubble
Curated by Nick Laight
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U.S. 'misery index' rises to highest since 1983

An unofficial gauge of humanmisery in the United States rose last month to a 28-year highas Americans struggled with rising inflation and highunemployment.  The misery index -- which is simply the sum of the country's inflation and unemployment rates -- rose to 13.0, pushed up by higher price data the government reported on Wednesday.

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No Wonder Recovery Feels Like Recession For Most Americans: They're Earning Less

No Wonder Recovery Feels Like Recession For Most Americans: They're Earning Less | Countdown to Financial Armageddon | Scoop.it

It's no surprise many Americans feel as if the economy never recovered at all. A new study found median annual incomes adjusted for inflation dropped 6.7 percent between June 2009 and June 2011, more than double the 3.2 percent drop experienced during the recession.

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A Survey Says Most Wall Street Workers Expect Same Or Higher Bonus As Last Year: Wonder How The Protesters Will React?

A Survey Says Most Wall Street Workers Expect Same Or Higher Bonus As Last Year: Wonder How The Protesters Will React? | Countdown to Financial Armageddon | Scoop.it

While most Americans aren't expecting their incomes to rise with the cost of living in the near future, more than 60 percent of Wall Street professionals say they anticipate their bonuses will be higher or the same as the bonus they earned in...

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