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To: Alex who wrote (22246)	10/25/1998 1:29:00 PM
From: David R. Schaller	Read Replies (2) \| Respond to of 116753

Alex, Pakistan: another default in the works? search.washingtonpost.com The cards are ready to fall. Its just hard to tell whether the Pakistan card is at the bottom of the structure or near the top. Regards, Dave

To: Alex who wrote (22246)	10/27/1998 1:20:00 PM
From: Ahda	Read Replies (1) \| Respond to of 116753

biz.yahoo.com U.S. consumer confidence 117.3 in Oct - Conf Board NEW YORK, Oct 27 (Reuters) - The Conference Board said Tuesday its consumer confidence index sagged nine points in October to 117.3 from a revised 126.4 in September, reflecting growing consumer pessimism. The sharp decrease in the index was caused by dips in optimism about both current and future economic growth, the Conference Board's report said. The present situation index declined to 163.5 in October from a revised reading of 170.7 in the prior month. The expectations component dropped to 86.6 in October, after a revised reading of 96.8 in September. ''Growing anxiety about the financial markets, combined with political concerns and recent layoff announcements, have given consumers the jitters,'' said Lynn Franco, Associate Director of the Conference Board's Consumer Research Center. ''While the overall level of consumer confidence in still high by historical standards, consumer expectations have deteriorated to a level associated with sluggish economic growth,'' she said. Any further decline in the index could mean a bleak season ahead for retailers, Franco added. Fewer than 39 percent of consumers rated current business conditions as ''good,'' down from 41 percent in September. Ten percent expect conditions to worsen in the next six months, up slightly from nine percent in the prior month. The Conference Board's survey also showed consumers are more nervous about the job market. Jobs are ''hard to get,'' according to 16 percent of consumers, up from more than 14 last month, and 18 percent expect jobs to become less plentiful in the next six months, up from 16 percent in September. The Conference Board surveys about 5,000 U.S. households each month.