{"id":188846,"date":"2010-07-19T21:43:00","date_gmt":"2010-07-20T02:43:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/07\/19\/economics-update-45\/"},"modified":"2010-07-19T21:43:00","modified_gmt":"2010-07-20T02:43:00","slug":"economics-update-45","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/07\/19\/economics-update-45\/","title":{"rendered":"Economics Update"},"content":{"rendered":"<p>Well, if consumers are 70% of the economy, the fact that the <a href=\"http:\/\/www.cnbc.com\/id\/38276678\">Thomson Reuters\/University of Michigan consumer confidence index numbers fell to a nearly 1 year low<\/a>.<\/p>\n<p>This, along with <a href=\"http:\/\/www.reuters.com\/article\/idUSTRE65M2WK20100716\">a falling consumer price index<\/a>, which indicates that a deflationary spiral may be nearer than we would like, are not good news.<\/p>\n<p>Additionally, notwithstanding heroic\/stupid efforts to prop up the housing bubble, <a href=\"http:\/\/www.reuters.com\/article\/idUSTRE66I33420100719\">home builder  confidence has hit a 15 month low<\/a>.<\/p>\n<p>On the brighter side, Moody&#8217;s survey of commercial real estate prices is <a href=\"http:\/\/www.calculatedriskblog.com\/2010\/07\/moodys-commercial-real-estate-price.html\">rose in May<\/a>, and the National Association for Business Economics&#8217; latest survey of employers is showing that <a href=\"http:\/\/www.cnbc.com\/id\/38305584\">employers are looking to hire more than they were a year ago<\/a>, though admittedly, that is not saying much.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Well, if consumers are 70% of the economy, the fact that the Thomson Reuters\/University of Michigan consumer confidence index numbers fell to a nearly 1 year low. This, along with a falling consumer price index, which indicates that a deflationary spiral may be nearer than we would like, are not good news. Additionally, notwithstanding heroic\/stupid &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[973,975,1200,1091,1088,1089],"tags":[],"class_list":["post-188846","post","type-post","status-publish","format-standard","hentry","category-economy","category-employment","category-inflation","category-polls","category-real-estate","category-recession"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/188846"}],"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=188846"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/188846\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=188846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=188846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=188846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}