It appears it's a little late to caution about falling into a panic regarding economic uncertainties in the U.S.A., since such a panic appears to already be spreading across many sectors of the country. Money News reported on Oct. 25, 2013, "Consumer Sentiment Plunges to Year Low on Government Shutdown." In October U.S. consumer sentiment collapsed to its lowest level since the end of last year as consumers displayed deep concerns about chaotic congressional functioning and the resulting partial shutdown of the federal government.
In October the Thomson Reuters/University of Michigan's final reading covering the overall index on consumer sentiment dropped to 73.2 from 77.5 and was the lowest final reading which has been seen since December 2012. Yelena Shulyatyeva, a U.S. economist at BNP Paribas in New York, has commented, "Not too pretty but not a disaster after all." The recent fiscal fights in Congress and 16 day partial government shut down have caused an erosion in confidence in the country among many Americans.
Bloomberg has reported, "Consumers’ Outlook for U.S. Economy Plunges to Two-Year Low." The monthly Bloomberg Consumer Comfort Index expectations gauge has crashed to minus 31 from minus 9 in September, which is the lowest level it hit since November 2011. More people than ever appear to fear the economic picture for the country is likely to worsen. Overall, it appears shaky times are ahead for the United States as full employment drops to catastrophically low levels and poverty and homelessness rise.
The streets of America are beginning to look like the streets of impoverished third world countries as more people than ever fight for their lives in the ghettos. More young American kids than ever before who live with the fear of lethal attacks from enormous filthy rats roaming their ghetto dwellings will never know what it's like to play in the yard with the family's new puppy dog.
With rat meat instead of fresh Turkey being made available for Thanksgiving and Christmas for millions upon millions of Americans, the holiday season too is not likely to be very nice this year for a lot of people. This is the new America our leaders have created for us, and so it's no wonder consumer sentiment has crashed.