What Recovery? U.S. Consumers Getting 'Dramatically Worse'

What Recovery? U.S. Consumers Getting 'Dramatically Worse': "... 'The consumer is in worse shape since I was here last' in August, Davidowitz says, citing the following:

* Unemployment has exploded: 'We've lost a ton of jobs since I was here last,' Davidowitz says, noting the 'real' unemployment rate is 17.5%. 'That's an astounding number.'
* Housing continues to sink: 'The consumers' biggest asset is down trillions' in value while 'foreclosures are exploding' and a huge percentage have negative equity -- 23% according to CoreLogic.
* Record numbers of consumer bankruptcies: The American consumer has 'never been further behind...never defaulted more' on mortgages, student loans, auto loans, and credit card bills, he says.
* Poverty on the Rise: One in eight Americans and one in four children are receiving food stamps, as The NYT reported this weekend..."