GDP apparently increasing as unemployment rises and incomes fall. The latest food stamp data shows an 8.1% increase yoy in the number of Americans receiving food benefits as their incomes are insufficient to feed themselves. Its an interesting two tier system where over half the American population pay no income taxes at all now.

http://www.bloomberg.com/news/2011-11-01/u-s-food-stamp-use-reaches-record-45-8-million-usda-says.html

http://www.nytimes.com/interactive/2011/09/13/us/income-poverty-rate-at-1990s-levels.html?ref=us

Doubtless the Neo-Keynesians will take this data as being supportive of yet more money printing as well as governmental deficit spending.

Rich

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