{"id":189892,"date":"2010-02-03T10:03:00","date_gmt":"2010-02-03T15:03:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/02\/03\/economics-update-a-day-late-6\/"},"modified":"2010-02-03T10:03:00","modified_gmt":"2010-02-03T15:03:00","slug":"economics-update-a-day-late-6","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/02\/03\/economics-update-a-day-late-6\/","title":{"rendered":"Economics Update (a Day Late)"},"content":{"rendered":"<p>Busy day yesterday, both good and bad, so this is short.<\/p>\n<p>First, we have the personal bankruptcy numbers <a href=\"http:\/\/www.calculatedriskblog.com\/2010\/02\/abi-personal-bankruptcy-filings-up-15.html?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+CalculatedRisk+%28Calculated+Risk%29\">dropped 10% from December to January<\/a>, but are up 15% year over year, and the American Bankruptcy Institute expects 2010 BK levels to be higher than 2009.<\/p>\n<p>In real estate, <a href=\"http:\/\/www.reuters.com\/article\/idUSN1416882220100202?feedType=RSS&amp;feedName=businessNews&amp;utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+reuters%2FbusinessNews+%28News+%2F+US+%2F+Business+News%29\">pending sales of existing homes rose slightly in December, but the percentage of homes remaining vacant rose in the 4<sup>th<\/sup>quarter<\/a>.<\/p>\n<p>Real estate is <span style=\"font-weight: bold;\">not<\/span> going to lead us out of the recession, and absent cram-down legislation, government action is not going to help.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Busy day yesterday, both good and bad, so this is short. First, we have the personal bankruptcy numbers dropped 10% from December to January, but are up 15% year over year, and the American Bankruptcy Institute expects 2010 BK levels to be higher than 2009. In real estate, pending sales of existing homes rose slightly &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[973,1004,1088,1089],"tags":[],"class_list":["post-189892","post","type-post","status-publish","format-standard","hentry","category-economy","category-finance","category-real-estate","category-recession"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/189892"}],"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=189892"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/189892\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=189892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=189892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=189892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}