{"id":191685,"date":"2009-07-08T16:23:00","date_gmt":"2009-07-08T21:23:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/07\/08\/economics-update-184\/"},"modified":"2009-07-08T16:23:00","modified_gmt":"2009-07-08T21:23:00","slug":"economics-update-184","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/07\/08\/economics-update-184\/","title":{"rendered":"Economics Update"},"content":{"rendered":"<p>Consumer borrowing has <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601110&amp;sid=agrzrt63CMdQ\">fallen for the 4<sup>th<\/sup> straight month<\/a>, as households continue to deleverage.<\/p>\n<p>The real question is whether this is a long term or a temporary change in consumer behavior.<\/p>\n<p>In banking, interest rates are falling again, with <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601110&amp;sid=a101FvNGBRkY\">yields on treasuriess falling as more people flock to their relative safety<\/a>, and falling interest rates on mortgages have <a href=\"http:\/\/money.cnn.com\/2009\/07\/08\/real_estate\/mortgage_applications.reut\/index.htm?postversion=2009070807\">boosted mortgage applications<\/a>.<\/p>\n<p>In currency, concerns over unrest in China have <a href=\"http:\/\/money.cnn.com\/2009\/07\/08\/markets\/dollar.reut\/index.htm\">driven both the Yen and the dollar up vs the Euro<\/a>, though the dollar is <a href=\"http:\/\/www.cnbc.com\/id\/31804516?__source=RSS*tag*&amp;par=RSS\">has fallen to a 5 month low vs. the Yen<\/a>.<\/p>\n<p>I think that the currency traders are more sanguine about Japan than about the US.<\/p>\n<p>In energy, increased inventories and concerns about future demand <a href=\"http:\/\/money.cnn.com\/2009\/07\/08\/markets\/oil.reut\/index.htm\">drove the priuce of oil down to near 60<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Consumer borrowing has fallen for the 4th straight month, as households continue to deleverage. The real question is whether this is a long term or a temporary change in consumer behavior. In banking, interest rates are falling again, with yields on treasuriess falling as more people flock to their relative safety, and falling interest rates &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1080,973,1135,1004,1089],"tags":[],"class_list":["post-191685","post","type-post","status-publish","format-standard","hentry","category-currency","category-economy","category-energy","category-finance","category-recession"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/191685"}],"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=191685"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/191685\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=191685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=191685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=191685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}