The rate on sovereign bonds in Europe continues to climb, even in Germany which has the strongest non-communist economy in the world. Things are so bad that the British Pound is starting to look good.
US 3rd quarter GDP was revised down to only 2% growth this week. Given years of stagnation while the population continued to grow, this could be viewed as negative growth since wages for the 99% continue to fall. Last week's initial unemployment claims were up slightly, still close to 400,000/week, so there is no good news there.
The declining standard of living is reflected in the higher cost of the traditional Thanksgiving dinner that rose 13% over last year. Wall Street speculators controlling the price of commodities such as grain and fuel are driving up production costs. With the food supply firmly under the control of large transnational corporations you can bet the increased costs are passed along. Throw in the cost of new packaging to make the prices look the same, you have an added increase in the real cost that consumers don't "see" but must pay. Well at least we aren't turkeys, even if the billionaires don't see us any different.