{"id":188190,"date":"2010-11-17T21:24:00","date_gmt":"2010-11-18T02:24:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/11\/17\/economics-update-16\/"},"modified":"2010-11-17T21:24:00","modified_gmt":"2010-11-18T02:24:00","slug":"economics-update-16","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/11\/17\/economics-update-16\/","title":{"rendered":"Economics Update"},"content":{"rendered":"<p>Well, if you think that the run up to the Federal Reserve&#8217;s quantitative easing (printing money) might lead to inflation, <a href=\"http:\/\/money.cnn.com\/2010\/11\/17\/news\/economy\/cpi_inflation\/\">you thought wrong<\/a>, with inflation at 0.2% in October, and the core rate at 0% for the 3<sup>rd<\/sup> straight month, and the year over year change was an anemic 0.6%.<\/p>\n<p>The problem is that there isn&#8217;t <span style=\"font-weight: bold;\">enough<\/span> inflation<span style=\"font-weight: bold;\">.<\/span><\/p>\n<p>We also have real estate news, all bad, with <a href=\"http:\/\/www.latimes.com\/business\/realestate\/la-fi-housing-mortgage-20101118,0,956734.story\">housing starts falling<\/a>, <a href=\"http:\/\/www.latimes.com\/business\/realestate\/la-fi-housing-mortgage-20101118,0,956734.story\">house prices in the US falling 2.8%<\/a> in September (<span style=\"text-decoration: underline;\"><\/span><a href=\"http:\/\/www.independent.co.uk\/news\/business\/news\/house-prices-dropped-08-in-september-2135367.html\">down 0.8% in the UK<\/a>), <a href=\"http:\/\/www.bloomberg.com\/news\/2010-11-17\/mortgage-applications-in-u-s-post-biggest-drop-of-2010-on-borrowing-costs.html\">mortgage applications falling<\/a>, and the AIA&#8217;s: Architecture Billings Index, an indicator of future commercial construction, <a href=\"http:\/\/www.calculatedriskblog.com\/2010\/11\/aia-architecture-billings-index-shows.html?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+CalculatedRisk+%28Calculated+Risk%29\">falling in October<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Well, if you think that the run up to the Federal Reserve&#8217;s quantitative easing (printing money) might lead to inflation, you thought wrong, with inflation at 0.2% in October, and the core rate at 0% for the 3rd straight month, and the year over year change was an anemic 0.6%. The problem is that there &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[973,1004,1200,1088],"tags":[],"class_list":["post-188190","post","type-post","status-publish","format-standard","hentry","category-economy","category-finance","category-inflation","category-real-estate"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/188190"}],"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=188190"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/188190\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=188190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=188190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=188190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}