Friday , 18 August 2017


What Do Americans Fear Most for Their Economy?

There’s been a major swing in what people now fear the most for the U.S. economy. Take a look. Words: 255

So reports Joe Weisenthal (www.businessinsider.com) in edited excerpts from the original article* which Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!),has further edited below for length and clarity – see Editor’s Note at the bottom of the page. (This paragraph must be included in any article re-posting to avoid copyright infringement.)

Weisenthal goes on to say, in part:

Last Friday, we asked readers what their #1 fear for the U.S. economy was and these were the results (Total votes: 605):

  1. Europe collapsing: 20%
  2. A debt crisis in the US: 17%
  3. A war in Iran: 15%
  4. Political dysfunction: 12%
  5. Gasoline prices: 8%
  6. Fiscal tightening in 2013: 5%
  7. Surprise inflation: 5%
  8. A 1987-like market crash: 4%
  9. A China hard landing: 2%
  10. Premature monetary tightening: 2%
  11. A terrorist attack in the US: 1%
  12. A debt crisis in Japan: 1%
  13. Other: 8%

A Euro collapse was the clear leader. Gasoline prices were only selected by 8% of voters.

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We ran the exact same poll this week and the following are the results:

  1. A debt crisis in the US: 22%
  2. Gasoline prices: 14%
  3. Political dysfunction: 13%
  4. Europe collapsing: 13%
  5. War with Iran: 12%
  6. Surprise inflation: 7%
  7. A China hard landing: 5%
  8. Fiscal tightening in 2013: 4%
  9. A 1987-like crash: 3%
  10. Premature monetary tightening: 1%
  11. A terrorist attack in the US: 1%
  12. A debt crisis in Japan: 0%
  13. Other: 6%
[Fear of a U.S. debt crisis increased to become the #1 concern of participants in the survey replacing European collapse fears which  dropped to #4 while] gas prices shot up to the #2 spot…

Bottom line though: Gas is the new Europe.

*http://www.businessinsider.com/theres-been-a-major-swing-in-what-people-are-scared-of-in-just-the-last-8-days-2012-2#ixzz1nWY6JXWI

Editor’s Note: The above article has been has edited ([ ]), abridged, and reformatted (including the title, some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. The article’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article.

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