{"id":188963,"date":"2010-06-29T19:48:00","date_gmt":"2010-06-30T00:48:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/06\/29\/economics-update-51\/"},"modified":"2010-06-29T19:48:00","modified_gmt":"2010-06-30T00:48:00","slug":"economics-update-51","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/06\/29\/economics-update-51\/","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:\/\/img85.imageshack.us\/img85\/5950\/image2769582987.png\"><img decoding=\"async\" src=\"http:\/\/img85.imageshack.us\/img85\/5950\/image2769582987.png\" bordercolor=\"white\" width=\"390\" border=\"0\" \/><\/a><span style=\"font-style: italic;\"><br \/>This may be the harbinger of an economic recovery<\/p>\n<p><a href=\"http:\/\/img256.imageshack.us\/img256\/3475\/2hbtrafficdiffusion9302.gif\"><img decoding=\"async\" src=\"http:\/\/img256.imageshack.us\/img256\/3475\/2hbtrafficdiffusion9302.gif\" bordercolor=\"white\" width=\"390\" border=\"0\" \/><\/a><br \/>This is not a <del>boating accident<\/del> real estate recovery!<\/span><\/div>\n<p>The <a href=\"http:\/\/wallstreetpit.com\/33094-chicago-fed-activity-index-at-highest-level-since-march-2006\">The Chicago Fed National Activity Index [CFNAI] has risen to its highest level since March 2006<\/a> (see top pic) indicating that there might be some sort of recovery going on.<\/p>\n<p>This is further reinforced by the fact that <span style=\"text-decoration: underline;\"><\/span><a href=\"http:\/\/voices.washingtonpost.com\/economy-watch\/2010\/06\/may_income_spending_and_person.html\">personal income, spending and savings all rose in May<\/a>.<\/p>\n<p>Of course on the other side the Conference Board&#8217;s Consumer Confidence index <a href=\"http:\/\/money.cnn.com\/2010\/06\/29\/news\/economy\/consumer_confidence\/index.htm?section=money_topstories&amp;utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+rss%2Fmoney_topstories+%28Top+Stories%29\">fell nearly 10 points between May and June<\/a>, and <a href=\"http:\/\/www.ritholtz.com\/blog\/2010\/06\/first-time-homebuyer-traffic-nose-dive\/\">first time home-buyer traffic has fallen off a cliff<\/a>, indicating that the recent bump in home sales was, as the experts<sup>*<\/sup> noted, was merely a sale-price time shift, not a real recovery.<\/p>\n<p><sup>*<\/sup><span style=\"font-size:78%;\">And loudmouth blowhards like yours truly.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Click for full size This may be the harbinger of an economic recovery This is not a boating accident real estate recovery! The The Chicago Fed National Activity Index [CFNAI] has risen to its highest level since March 2006 (see top pic) indicating that there might be some sort of recovery going on. This is &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[973,1088,1089,992],"tags":[],"class_list":["post-188963","post","type-post","status-publish","format-standard","hentry","category-economy","category-real-estate","category-recession","category-statistics"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/188963"}],"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=188963"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/188963\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=188963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=188963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=188963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}