{"id":189220,"date":"2010-05-04T11:31:00","date_gmt":"2010-05-04T16:31:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/05\/04\/economics-update-a-day-late-2\/"},"modified":"2010-05-04T11:31:00","modified_gmt":"2010-05-04T16:31:00","slug":"economics-update-a-day-late-2","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/05\/04\/economics-update-a-day-late-2\/","title":{"rendered":"Economics Update (a Day Late)"},"content":{"rendered":"<div style=\"border: 1px solid black; margin: 0px 10px; padding: 5px; width: 350px; float: right; text-align: center;\">Click for full size<\/p>\n<hr \/>\n<p><a href=\"http:\/\/img41.imageshack.us\/img41\/1571\/autoapril11040399.jpg\"><img decoding=\"async\" src=\"http:\/\/img41.imageshack.us\/img41\/1571\/autoapril11040399.jpg\" bordercolor=\"white\" width=\"350\" border=\"0\" \/><\/a><br \/><span style=\"font-style: italic;\">Miles Driven<\/p>\n<p><a href=\"http:\/\/img130.imageshack.us\/img130\/5775\/autoapril21032684.jpg\"><img decoding=\"async\" src=\"http:\/\/img130.imageshack.us\/img130\/5775\/autoapril21032684.jpg\" bordercolor=\"white\" width=\"350\" border=\"0\" \/><\/a><br \/>Sales of cars and light trucks (the notch is the cars for clunkers program), H\/t <a href=\"http:\/\/www.calculatedriskblog.com\/2010\/05\/us-light-vehicle-sales-112-million-saar.html\">Calculated Risk<\/a><br \/><\/span><\/div>\n<p>Yesterday was a mixed day for news.<\/p>\n<p>On the plus side, we had:<\/p>\n<ul>\n<li><a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&amp;sid=amp7mGqsU1YA&amp;pos=1\">Institute for Supply Management&#8217;s Manufacturing index rose sharply<\/a>.<\/li>\n<li><a href=\"http:\/\/money.cnn.com\/2010\/05\/03\/news\/companies\/autosales\/index.htm?section=money_topstories&amp;utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+rss%2Fmoney_topstories+%28Top+Stories%29\">April auto sales Rose<\/a>.<\/li>\n<li><a href=\"http:\/\/money.cnn.com\/2010\/05\/03\/news\/economy\/personal_income_spending\/index.htm\">Personal spending rose for the 6<sup>th<\/sup> straight month<\/a>.<\/li>\n<\/ul>\n<p>On the minus side:<\/p>\n<ul>\n<li><a href=\"http:\/\/www.reuters.com\/article\/idUSN3012889420100503?type=marketsNews\">Private construction spending fell in March<\/a>, though overall construction spending rose because of public spending (stimulus).<\/li>\n<li>The latest Fed survey shows <a href=\"http:\/\/www.cnbc.com\/\/id\/36919103\">weaker loan demand<\/a>, even though banks were <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&amp;sid=aNJBOgE6MGM8&amp;pos=2\">not tightening lending standards<\/a>.<\/li>\n<\/ul>\n<p>Additionally, we had <a href=\"http:\/\/money.cnn.com\/2010\/05\/03\/markets\/bondcenter\/treasurys\/index.htm\">US Treasurys  falling<\/a>, and their yields rising, but that is largely on reduced concerns about Greece following the successful implementation of a bailout package.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Click for full size Miles Driven Sales of cars and light trucks (the notch is the cars for clunkers program), H\/t Calculated Risk Yesterday was a mixed day for news. On the plus side, we had: Institute for Supply Management&#8217;s Manufacturing index rose sharply. April auto sales Rose. Personal spending rose for the 6th straight &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-189220","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/189220"}],"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=189220"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/189220\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=189220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=189220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=189220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}