{"id":191631,"date":"2009-07-17T17:50:00","date_gmt":"2009-07-17T22:50:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/07\/17\/is-commercial-paper-imploding\/"},"modified":"2009-07-17T17:50:00","modified_gmt":"2009-07-17T22:50:00","slug":"is-commercial-paper-imploding","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/07\/17\/is-commercial-paper-imploding\/","title":{"rendered":"Is Commercial Paper Imploding?"},"content":{"rendered":"<p>It looks like the credit crunch is not over, as major companies, running from, &#8220;Consolidated Edison Inc. to Kellogg Co.,&#8221;<a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601109&amp;sid=atNZIHMk40M4\">have been forced to sell bonds<\/a>, at a higher interest rate, because they cannot get their cash on the <a href=\"http:\/\/en.wikipedia.org\/wiki\/Commercial_paper\">commercial paper market<\/a>, meaning that this market for short-term low-interest unsecured debt is still frozen.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It looks like the credit crunch is not over, as major companies, running from, &#8220;Consolidated Edison Inc. to Kellogg Co.,&#8221;have been forced to sell bonds, at a higher interest rate, because they cannot get their cash on the commercial paper market, meaning that this market for short-term low-interest unsecured debt is still frozen.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1004],"tags":[],"class_list":["post-191631","post","type-post","status-publish","format-standard","hentry","category-finance"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/191631"}],"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=191631"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/191631\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=191631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=191631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=191631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}