Consumer Confidence Index

1. On Wednesday, the Dubai government said it would restructure its corporate flagship, Dubai World, and asked creditors to accept delayed payments. Dubai World is seeking a six-month moratorium on interest payments. The news sent world markets tumbling Thursday and Friday.

2. Gold (NYSE: GLD) continued to new all-time highs earlier in the week, but sold off at the week's end as the dollar strengthened on a 'flight to quality' trade following the debt concerns in Dubai.

3. The FDIC released their third quarter banking profile, which showed that while profits ...

Developments in Financial Markets and the Federal Reserve's Balance Sheet
The Manager of the System Open Market Account reported on recent developments in domestic and foreign financial markets. The Manager also reported on System open market operations in Treasury securities, agency debt, and agency mortgage-backed securities (MBS) since the Committee's September 22-23 meeting. By unanimous vote, the Committee ratified those transactions. There were no open market operations in foreign currencies for the System's account during the intermeeting period. Since the Committee met in September, the Federal Reserve's total assets were about unchanged, on balance, at approximately $2.2 trillion, as the increase in the System's holdings of securities roughly matched a further decline in usage of the System's credit and liquidity facilities. The Manager noted that, as of October 30, $300 billion in Treasury securities had been purchased, as directed by the Committee. Overall, the Treasury market had recovered substantially from ...

Today third quarter GDP was revised down to 2.8 percent growth, versus the first estimates of 3.5 percent. Still GDP was a significant improvement from the 0.7 percent drop in the second quarter.

So which economy is the real one? Or did the government backed stimulus packages simply paint a pretty picture that is not real?

The facts remain that ...

The markets are seeing a hit after less than sparkling consumer confidence reports shows that consumers remain worrisome about the state of the economy.

The Consumer Confidence Index increased slightly to 49.5 in November, from the revised figure of 48.7 for October. The October numbers were revised from the original report of 47.7. The numbers were ...

NEW YORK, Nov. 24 /PRNewswire/ -- The Conference Board Consumer Confidence Index®, which had declined in October, increased slightly in November. The Index now stands at 49.5 (1985=100), up from 48.7 in October. The Present Situation Index was virtually unchanged at 21.0 versus 21.1 last month. The Expectations Index increased to 68.5 from 67.0 in October. The Consumer Confidence Survey® is based on a representative sample of 5,000 U.S. households. The monthly survey is conducted for The ...