Just about everybody is scared these days.
French consumer confidence is down. German business confidence is down. Consumer confidence is up in Canada and Italy. But consumer confidence is down in Mexico, and many foreign workers in Dubai just skipped town when they lost their jobs.
In the United States, well, Americans are not very confident at all. U.S. consumer confidence plummeted this month. Americans don’t trust their peanut butter anymore, and (get this) Americans trust politicians more than business leaders when it comes to the economy.