{"id":190772,"date":"2009-10-27T17:24:00","date_gmt":"2009-10-27T22:24:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/10\/27\/economics-update-136\/"},"modified":"2009-10-27T17:24:00","modified_gmt":"2009-10-27T22:24:00","slug":"economics-update-136","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/10\/27\/economics-update-136\/","title":{"rendered":"Economics Update"},"content":{"rendered":"<div style=\"border: 1px solid black; margin: 0px 10px; width: 410px; float: right; text-align: center;\">Click for full size<\/p>\n<hr \/>\n<p><a href=\"http:\/\/img682.imageshack.us\/img682\/205\/ccon.png\"><img decoding=\"async\" src=\"http:\/\/img682.imageshack.us\/img682\/205\/ccon.png\" bordercolor=\"white\" border=\"0\" width=\"400\" \/><\/a><\/p>\n<p><a href=\"http:\/\/img17.imageshack.us\/img17\/9830\/caseshilleraug200935878.jpg\"><img decoding=\"async\" src=\"http:\/\/img17.imageshack.us\/img17\/9830\/caseshilleraug200935878.jpg\" bordercolor=\"white\" border=\"0\" width=\"400\" \/><\/a> <span style=\"font-style: italic;\">Case Shiller Graph Pron (Both) Courtesy <a href=\"http:\/\/www.calculatedriskblog.com\/2009\/10\/case-shiller-home-price-index-increases.html\">Calculated Risk<\/a><\/p>\n<p><a href=\"http:\/\/img94.imageshack.us\/img94\/3403\/caseshilleraugcities.jpg\"><img decoding=\"async\" src=\"http:\/\/img94.imageshack.us\/img94\/3403\/caseshilleraugcities.jpg\" bordercolor=\"white\" border=\"0\" width=\"400\" \/><\/a><br \/>Woah: Las Vegas -55%, Phoenix -53%, Miami -46.9%<br \/><\/span><\/div>\n<p>In the, &#8220;Well, this can&#8217;t be good,&#8221; category, we have the Conference Board&#8217;s <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601103&amp;sid=aknKBCX4QXZA\">Consumer Confidence Index fell<\/a>, with the numbers for the current economic situation <a href=\"http:\/\/money.cnn.com\/2009\/10\/27\/news\/economy\/consumer_confidence\/index.htm?section=money_topstories\">falling to a 26 year low<\/a>.<\/p>\n<p>Still, we have seen the <a href=\"http:\/\/www.marketwatch.com\/story\/us-home-prices-rise-12-in-aug-case-shiller-2009-10-27\">Case-Shiller home prices rising for the 4<sup>th<\/sup> straight month<\/a>, though, with the expiration of the first time home buyer tax credit, and the end of the home buying season, I do not expect this to continue.<\/p>\n<p>In the old standbys, <a href=\"http:\/\/money.cnn.com\/2009\/10\/27\/markets\/oil.reut\/index.htm\">oil was largely unchanged<\/a>, remaining just below $80\/bbl, and the <a href=\"http:\/\/money.cnn.com\/2009\/10\/27\/markets\/dollar.reut\/index.htm\">dollar rose<\/a> on concerns about the consumer confidence numbers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Click for full size Case Shiller Graph Pron (Both) Courtesy Calculated Risk Woah: Las Vegas -55%, Phoenix -53%, Miami -46.9% In the, &#8220;Well, this can&#8217;t be good,&#8221; category, we have the Conference Board&#8217;s Consumer Confidence Index fell, with the numbers for the current economic situation falling to a 26 year low. Still, we have seen &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],"tags":[],"class_list":["post-190772","post","type-post","status-publish","format-standard","hentry","category-economy","category-real-estate","category-recession"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/190772"}],"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=190772"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/190772\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=190772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=190772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=190772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}