Bankruptcy Filings to Match Divorce Filings in 2009: 1.5 Million.

There are no green shoots in the misery indicators:


It is a sobering fact that in 2009, there will be as many people filing for bankruptcy as those filing for a divorce.  We are on track to seeing an average of nearly 5,900 bankruptcy filings a day for 2009.  While some people use the stock market as their barometer of economic recovery, there are a few other “misery” indicators that show things are still bad for millions of Americans and counter the recovery talks.  If you want to track a broader recovery, I would recommend people examine the five indicators of the misery index.  Food stamps, bankruptcies, long-term unemployed, foreclosures, and credit card defaults are probably your best gauges to the real economic recovery.