{"id":189453,"date":"2010-03-26T17:34:00","date_gmt":"2010-03-26T22:34:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/03\/26\/economics-update-72\/"},"modified":"2010-03-26T17:34:00","modified_gmt":"2010-03-26T22:34:00","slug":"economics-update-72","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/03\/26\/economics-update-72\/","title":{"rendered":"Economics Update"},"content":{"rendered":"<p>Well, they just <a href=\"http:\/\/www.thestreet.com\/story\/10712047\/1\/gdp-revised-down-to-56-from-59.html\">revised down the 4<sup>th<\/sup> quarter GDP numbers down again<\/a>, to a 5.6% annual rate, the earlier estimate had been 5.9%.<\/p>\n<p>On the brighter side, <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&amp;sid=aeeusddx8CL0&amp;pos=7\">incomes  rose faster than GDP<\/a>, which gives a boost to the idea that some sort of recovery is going on.<\/p>\n<p>Meanwhile, in high fiance, <a href=\"http:\/\/ftalphaville.ft.com\/blog\/2010\/03\/26\/189161\/its-official-ambacs-cds-triggered\/\">Ambac&#8217;s dance of death continues<\/a>, with the International Swaps  and        Derivatives Association, Inc. (ISDA)  ruling that the <a href=\"http:\/\/40yrs.blogspot.com\/2010\/03\/economics-update_25.html\">regulator action yesterday<\/a> constitutes a trigger for bankruptcy CDS contracts.<\/p>\n<p>Meanwhile, the apparrent resolution of the Greek crisis has <a href=\"http:\/\/money.cnn.com\/2010\/03\/26\/markets\/dollar\/index.htm\">pushed the US dollar   down<\/a> on reduced demand for safe havens, and <a href=\"http:\/\/money.cnn.com\/2010\/03\/26\/markets\/oil\/\">oil prices fell marginally<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Well, they just revised down the 4th quarter GDP numbers down again, to a 5.6% annual rate, the earlier estimate had been 5.9%. On the brighter side, incomes rose faster than GDP, which gives a boost to the idea that some sort of recovery is going on. Meanwhile, in high fiance, Ambac&#8217;s dance of death &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1094,1080,973,1135,1089],"tags":[],"class_list":["post-189453","post","type-post","status-publish","format-standard","hentry","category-campaign-finance","category-currency","category-economy","category-energy","category-recession"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/189453"}],"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=189453"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/189453\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=189453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=189453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=189453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}