{"id":190852,"date":"2009-10-20T19:05:00","date_gmt":"2009-10-21T00:05:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/10\/20\/economics-update-141\/"},"modified":"2009-10-20T19:05:00","modified_gmt":"2009-10-21T00:05:00","slug":"economics-update-141","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/10\/20\/economics-update-141\/","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:\/\/img16.imageshack.us\/img16\/2777\/housingstartssep2009495.jpg\"><img decoding=\"async\" src=\"http:\/\/img16.imageshack.us\/img16\/2777\/housingstartssep2009495.jpg\" bordercolor=\"white\" border=\"0\" width=\"400\" \/><\/a> <span style=\"font-style: italic;\">Housing Start Graph Pr0n Courtesy of <a href=\"http:\/\/www.calculatedriskblog.com\/2009\/10\/housing-starts-in-september-moving.html\">Calculated Risk<\/a><\/p>\n<p><a href=\"http:\/\/img269.imageshack.us\/img269\/3541\/delinquentpercent510026.png\"><img decoding=\"async\" src=\"http:\/\/img269.imageshack.us\/img269\/3541\/delinquentpercent510026.png\" bordercolor=\"white\" border=\"0\" width=\"400\" \/><\/a><br \/>Foreclosure\/Default Graph Pr0n Courtesy of <a href=\"http:\/\/www.ritholtz.com\/blog\/2009\/10\/looking-at-delinquencies\/\">The Big Picture<\/a><\/span><\/div>\n<p>We are still not seeing any signs of inflation, with <a href=\"http:\/\/money.cnn.com\/2009\/10\/20\/news\/economy\/producer_prices.reut\/index.htm?postversion=2009102008\">wholesale prices falling 0.6$ in September<\/a>, largely on falling energy costs, so this is unlikely to repeat this month.<\/p>\n<p>Also, the G20 country in the best fiscal position right now is Canada, and the <a href=\"http:\/\/www.ritholtz.com\/blog\/2009\/10\/bank-of-canda-doesnt-go-the-way-of-the-rba\/\">Bank of Canada is keeping its benchmark rate at 0.25%<\/a>, so it is declining to follow Australia&#8217;s lead.<\/p>\n<p>In real estate, <a href=\"http:\/\/money.cnn.com\/2009\/10\/20\/real_estate\/housing_starts\/index.htm?postversion=2009102009\">housing rose to 590,000<\/a>, which was below expectations, and <a href=\"http:\/\/www.reuters.com\/article\/businessNews\/idUSTRE59E10120091020?feedType=RSS&amp;feedName=businessNews\">applications for housing permits fell<\/a>.<\/p>\n<p>In energy, the <a href=\"http:\/\/money.cnn.com\/2009\/10\/20\/markets\/oil\/index.htm?section=money_topstories\">eight-day long rally has ended<\/a> after briefly being about $80\/bbl, though it&#8217;s likely just some profit taking.<\/p>\n<p>8 Days is a long time in the commodities market.<\/p>\n<p>Meanwhile, the <a href=\"http:\/\/money.cnn.com\/2009\/10\/20\/markets\/dollar\/index.htm?section=money_topstories\">dollar is up<\/a>, largely on strong statements from various European central bankers and politicians about how they support a strong dollar.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Click for full size Housing Start Graph Pr0n Courtesy of Calculated Risk Foreclosure\/Default Graph Pr0n Courtesy of The Big Picture We are still not seeing any signs of inflation, with wholesale prices falling 0.6$ in September, largely on falling energy costs, so this is unlikely to repeat this month. Also, the G20 country in the &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1080,973,1135,1004,1200,985],"tags":[],"class_list":["post-190852","post","type-post","status-publish","format-standard","hentry","category-currency","category-economy","category-energy","category-finance","category-inflation","category-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/190852"}],"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=190852"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/190852\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=190852"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=190852"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=190852"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}