The Conference Board recently released its November Consumer Confidence Survey. The index stood at 49.5, little changed from October. In 2000, the index was about 140. It declined to 60 in 2003, rose to over 100 in 2007 and plunged to under 30 in 2008. A component of the index, the Present Situation index, is at a low level last seen in 1983.
