The economy is faltering and Americans know it.
Bloomberg reports that 62% of Americans they polled say the cost of everyday items has climbed over the past month and that 55% of employed Americans say they’re worried about losing their job. It also notes, as CNBC economic commenter Carl Quintanilla pointed out, that international stocks are outperforming the U.S. S&P stock index by the widest margin in 16 years. Yesterday the University of Michigan consumer confidence survey hit its lowest reading in 65 years.