{"id":189251,"date":"2010-04-30T07:39:00","date_gmt":"2010-04-30T12:39:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/04\/30\/economics-update-a-day-late-3\/"},"modified":"2010-04-30T07:39:00","modified_gmt":"2010-04-30T12:39:00","slug":"economics-update-a-day-late-3","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/04\/30\/economics-update-a-day-late-3\/","title":{"rendered":"Economics Update (a Day Late)"},"content":{"rendered":"<p>It was jobless Thursday, and the news is generally good, with <a href=\"http:\/\/www.cnbc.com\/id\/36845595\">applications for initial unemployment claims falling again<\/a>, falling by 11k to a seasonally adjusted 448K, though the 4 week moving average rose slightly, and the continuing claims fell slightly to 4.65 million.<\/p>\n<p>Additionally, the The Federal Reserve Bank of Chicago&#8217;s national activity index <a href=\"http:\/\/www.reuters.com\/article\/idUSNLLTFE60Y20100429?type=marketsNews\">rose in March<\/a>, <a href=\"http:\/\/www.cnbc.com\/\/id\/36819897\">foreclosures fell in the 1<sup>st<\/sup> quarter<\/a>, though things like foreclosure moratoriums and mandatory arbitration may have contributed to this, and <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&amp;sid=aPG0_2LnYX9s&amp;pos=5\">Japanese consumer spending and wages rose in March<\/a>, though prices continue to fall.<\/p>\n<p>Also, <a href=\"http:\/\/www.cnbc.com\/\/id\/36849147\">30 year mortgage rates  fell slightly this week<\/a>, which moderates concerns about increasing interest rates.<\/p>\n<p>Additionally, <a href=\"http:\/\/money.cnn.com\/2010\/04\/29\/markets\/bondcenter\/treasurys\/index.htm\">US treasurys  rose<\/a>, and yields fell slightly in the latest 7-year auction, implying that rates remain stable.<\/p>\n<p>Energy and currency are largely being driven by Greece.<\/p>\n<p>People are less concerned about a Greek default, which has reduced demand for the dollar as safe haven, <a href=\"http:\/\/money.cnn.com\/2010\/04\/29\/markets\/dollar\/index.htm\">driving the dollar lower<\/a>, and the lower dollar has <a href=\"http:\/\/money.cnn.com\/2010\/04\/29\/markets\/oil\/\">drive oil prices higher<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It was jobless Thursday, and the news is generally good, with applications for initial unemployment claims falling again, falling by 11k to a seasonally adjusted 448K, though the 4 week moving average rose slightly, and the continuing claims fell slightly to 4.65 million. Additionally, the The Federal Reserve Bank of Chicago&#8217;s national activity index rose &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[973,975,1200,1089],"tags":[],"class_list":["post-189251","post","type-post","status-publish","format-standard","hentry","category-economy","category-employment","category-inflation","category-recession"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/189251"}],"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=189251"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/189251\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=189251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=189251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=189251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}