Wednesday, September 26, 2007

Preparing for September Consumer Confidence Number

It's been a heck of a month. Let's review:

1. August orders for durable goods take their biggest decline in seven months. (source) 9/26/7

2. Existing home sales drop for the sixth straight month in August reaching the lowest rate of sales in five years. (source) 9/25/7

3. The Conference Board consumer confidence index dips to a 2-year low. (source) 9/25/7

4. Crude oil tops $84 per barrel. (source) 9/20/7

5. U.S. dollar and Canadian dollar hit parity for first time in 30 years. (source) 9/20/7

6. Fed cuts interest rates for the first time in four years. (source) 9/18/7

7. RealtyTrac reports foreclosures jumped 36% in August. (source) 9/18/7

8. Crude oil hits record $80 per barrel. (source) 9/13/7

9. U.S. payrolls decrease by 4000 instead of increasing by the expected 110,000. (source) 9/7/7

10. GM announces fourth quarter production will be cut by 10% in response to weak August sales in a tightening credit market. (source) 9/4/7