Consumer Confidence Problem News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Measure. and in fact if anything maybe money is being saved today because more people wanting to be selling off because of the news in china so there's no way to speculate i think the impact of the shutdown market. but what does it do to traders? what does it do to the psyche? >> well the basis of the capital market system has to be confidence. i think we can all agree that wall street has had a bit of a consumer confidence problem now for a number of years. we have this thing called the flash crash four years ago where the market fell about 900 points because of bad trades that were made. the...

Collapse. otherwise. i think that will be unwise. one reason we're in trouble now is because of the huge debt, people know we are look at high inflation or financial collapse on european scale. >> bret: there is a consumer confidence problem, a.b. >> the housing market plunging and then concern in the market over the feeling across europe and other countries overseas that they need to consolidate immediately and take care of their debt and deficit. and that i think if you look at the entire picture, climb inside the numbers today from the report. it's very tough politically, because it's so cl...

Debt, people know we are look at high inflation or financial collapse on european scale. >> bret: there is a consumer confidence problem, a.b. >> the housing market plunging and then concern in the market over the feeling across europe and other countries overseas that they need to consolidate immediately and take care of their debt and deficit. and that i think if you look at the entire picture, climb inside the numbers today from the report. it's very tough politically, because it's so close now, the june jobs report is so close to the mid-term election, there is a permanent psychology that ...