Monetary maestro Alan Greenspan testified before Congresses's Joint Economic Committee on October 17th as follows: "The pronounced rise in uncertainty also has damped consumer spending and capital investment; households and businesses, confronted with heightened uncertainty, have pulled back from the marketplace, though that withdrawal has been partial and presumably temporary." Partial and presumably temporary are as partisan as patriotism would permit.
Unfortunately in the heavy air that surrounds US consumers (the backbone of the US economy), they are not light enough to get the US stock market bubble rising again.
Shoppers, the sultans of spending, turned September