{"id":188164,"date":"2010-11-27T21:17:00","date_gmt":"2010-11-28T02:17:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/11\/27\/im-beginning-to-think-that-i-am-too-reflexively-pessimistic-on-the-economy\/"},"modified":"2010-11-27T21:17:00","modified_gmt":"2010-11-28T02:17:00","slug":"im-beginning-to-think-that-i-am-too-reflexively-pessimistic-on-the-economy","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/11\/27\/im-beginning-to-think-that-i-am-too-reflexively-pessimistic-on-the-economy\/","title":{"rendered":"I&#8217;m Beginning to Think That I am Too Reflexively Pessimistic On the Economy"},"content":{"rendered":"<p>Admittedly, it is only one week, but <a href=\"http:\/\/www.bloomberg.com\/news\/2010-11-24\/u-s-jobless-claims-decline-to-407-000-lowest-since-july-2008.html\">this week&#8217;s jobless claims numbers are very good<\/a>, 407,000 initial claims, the lowest in almost 2\u00bd years, the 4 week moving average fell to 436,000, continuing claims fell by 142K to 4.18 million, and emergency claims fell by 262,000 to 4.66 million.<\/p>\n<p>This is getting close to the level where we can actually start seeing some real recovery in the job market.<\/p>\n<p>I still think that we will see a double dip as what remains of the stimulus runs out, but I am less confident of that than I was, for example, a few months agol.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Admittedly, it is only one week, but this week&#8217;s jobless claims numbers are very good, 407,000 initial claims, the lowest in almost 2\u00bd years, the 4 week moving average fell to 436,000, continuing claims fell by 142K to 4.18 million, and emergency claims fell by 262,000 to 4.66 million. This is getting close to the &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[973,975],"tags":[],"class_list":["post-188164","post","type-post","status-publish","format-standard","hentry","category-economy","category-employment"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/188164"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=188164"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/188164\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=188164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=188164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=188164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}