I still feel as though we are in the eye of the storm and it could get really bad at any time. I mean, ANY time.
We are all waiting for multiple other shoes to drop. zerO came back to the USA yesterday and he is not in a mellow mood. Neither is his hard core base. I think you are correct that the SHTF could begin in earnest at any time.
However, I do have to add that people seem to be spending. My husband went back to his private massage practice today after 6 weeks off due to an injury and the phone has not stopped ringing at both office locations. My totally unessential hand-manufactured line is having a great 3rd and (hopefully) 4th quarter at the wholesale level. I have even had orders from small shops that have been MIA for 18 months.
Every other day, I wonder “What if this economic policy mess actually works?” The rest of the time, my gut says “It can’t.”