Read your post. You said it's time to be fearful. That we should be really afraid. That a lot of people are panicking and maybe it's time to join them. I'm paraphrasing, but it's in black and white (well, gray and other gray).
Then you come back with this. Essentially, "I'm making less money, so I need to spend less money." So, either you don't believe your own words ("rational, non-panicky response" != "we should be really afraid") or you really believe that a slight decrease in your income warrants advocating dangerous responses like mass-fear and panic.
Presumably, you live in America. This means that by the mere fact of where you were birthed you have been given, free of charge, essentially all the opportunities that this life holds for a human being. I know first hand how horrible life can be for people not handed what we have been. Your inability to financially continue eating steak dinners every night is so far removed from the constant suffering and strife that you could be experiencing that your entire current view is laughable. If you were living on the streets you'd have it better than hundreds of millions of people in this world.
So, no, it's not time to panic. It's not time to be afraid. It's time to survey the landscape, take in the changes, and roll with them. It's time to stop talking about this bullshit. Weather the storm, take advantage of other peoples' fears, and come out on top. It's time to do the same thing any smart, rational, successful person with the right perspective would do.
And, no, I will not bookmark this thread. I don't want to be further reminded of just how much people like you take for granted and what you think we should do when life throws us a little curveball.