The failure of some of the country's largest financial groups is shaking up Wall Street and the economy.
Some say this economic crisis will affect just about everyone.
Consumer confidence has become a priceless commodity as the economy remains unstable. It’s bad news that can have bad effects.
Austin’s BookPeople understands the situation.
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U.S. economy
Business experts say consumer confidence is already in a serious slump.
 
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"Customers thinking again about making consumer purchases … the reality is yes we've seen a slowing in sales," BookPeople Co-owner Steve Bercu said.
Business owners of all sizes are looking for a book with answers on how to fix the market. It seems many consumers are looking for the same one.
"I thought about calling a broker and just selling everything, but that seemed like sort of a rash decision," customer Chris Riley said.
Business experts say consumer confidence is already in a serious slump, and they say this latest crisis won't affect what people buy but what they buy it with.
"The days of easy credit are likely gone forever,” Economist Michael Brandl said.
Brandl said what happened to the investment banks happens to everyday people all the time.
"When we make mistakes … take on too much debt and think we are smarter than everybody else, the market ends up punishing us,” he said.
While he expects some tough times ahead as the market rebounds, he believes it will have a good end result and could bring about massive changes in the way people spend money.
"We have to rethink the levels of debt we have in this country, both on a corporate level and an individual level,” Brandl said.
A struggling economy trickles down effects to almost everyone and there is no book that can explain how to fix it.
Many say Monday's events triggered the biggest drop in the stock market since 9/11.
Brandl said it also is a fair comparison to the stock market crash of 1929.
