Vanguard weekly update

The longest recession since the Great Depression is likely over based on the first rise in real gross domestic product (GDP) in more than a year. According to the Conference Board's index of consumer confidence, however, U.S. consumers aren't necessarily convinced. Various other economic reports offered mixed signals. Durable-good orders were up and new-home sales were down. Employer costs continued to rise at record annual lows, while personal income was unchanged and personal spending dropped.

To read Vanguard(R) Economic Week in Review in its entirety, go to:

http://www.vanguard.com/visit/econweek103009