{"id":188278,"date":"2010-10-27T19:29:00","date_gmt":"2010-10-28T00:29:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/10\/27\/economics-update-21\/"},"modified":"2010-10-27T19:29:00","modified_gmt":"2010-10-28T00:29:00","slug":"economics-update-21","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/10\/27\/economics-update-21\/","title":{"rendered":"Economics Update"},"content":{"rendered":"<div style=\"border: 1px solid black; margin: 0px 10px; padding: 5px; width: 400px; float: right; text-align: center;\">Click for full size<\/p>\n<hr \/>\n<p><a href=\"http:\/\/img339.imageshack.us\/img339\/2443\/phillyfed.gif\"><img decoding=\"async\" src=\"http:\/\/img339.imageshack.us\/img339\/2443\/phillyfed.gif\" bordercolor=\"white\" border=\"0\" width=\"390\" \/><\/a> <span style=\"font-style: italic;\">H\/t <a href=\"http:\/\/www.calculatedriskblog.com\/2010\/10\/philly-fed-september-state-coincident.html?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+CalculatedRisk+%28Calculated+Risk%29\">Calculated Risk<\/a> for the September Philly Fed chart Pr0n<\/span><\/div>\n<p>Since the tech bubble burst, the economy has been running on the consumer and on home sales, and <a href=\"http:\/\/www.reuters.com\/article\/idUSN1519104820101026\">both consumer confidence and home prices continue to disappoint<\/a>.<\/p>\n<p>Additionally, <a href=\"http:\/\/blogs.wsj.com\/developments\/2010\/10\/27\/new-home-sales-stuck-at-rock-bottom\/\">new home sales remain at pathetic levels<\/a>, and <a href=\"http:\/\/www.bloomberg.com\/news\/2010-10-27\/mortgage-applications-in-u-s-increase-spurred-by-lower-borrowing-costs.html\">mortgage applications increased<\/a>, largely in response to lower rates.<\/p>\n<p>Also, we did see the Philadelphia Bank of the Federal Released its <a href=\"http:\/\/www.philadelphiafed.org\/research-and-data\/regional-economy\/indexes\/coincident\/\">State Coincident Indexes for September<\/a>, and more states were up than down, though those advances were, once again, anemic.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Click for full size H\/t Calculated Risk for the September Philly Fed chart Pr0n Since the tech bubble burst, the economy has been running on the consumer and on home sales, and both consumer confidence and home prices continue to disappoint. Additionally, new home sales remain at pathetic levels, and mortgage applications increased, largely in &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[973,1004,1088,1089],"tags":[],"class_list":["post-188278","post","type-post","status-publish","format-standard","hentry","category-economy","category-finance","category-real-estate","category-recession"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/188278"}],"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=188278"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/188278\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=188278"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=188278"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=188278"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}