{"id":191773,"date":"2009-06-26T17:23:00","date_gmt":"2009-06-26T22:23:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/06\/26\/economics-update-191\/"},"modified":"2009-06-26T17:23:00","modified_gmt":"2009-06-26T22:23:00","slug":"economics-update-191","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/06\/26\/economics-update-191\/","title":{"rendered":"Economics Update"},"content":{"rendered":"<p>Generally, the news has been pretty good, with <a href=\"http:\/\/money.cnn.com\/2009\/06\/26\/news\/economy\/personal_income\/index.htm?section=money_topstories\">personal income rising<\/a> and <a href=\"http:\/\/www.cnbc.com\/\/id\/31565871\">consumer confidence hitting the highest level in over a year<\/a>.<\/p>\n<p>Additionally, we are seeing more signs of a credit thaw, with the 3 month dollar LIBOR <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601110&amp;sid=alAYhDeK8o.U\">falling below 0.6%<\/a>.<\/p>\n<p>In energy, we have an offer of amnesty on the table in Nigeria, which <a href=\"http:\/\/www.reuters.com\/article\/businessNews\/idUSTRE55L17H20090626?feedType=RSS&amp;feedName=businessNews\">has driven oil lower<\/a>.<\/p>\n<p>This has led to a decreased perception of risk, which, along with some statements by China&#8217;s central bank, <a href=\"http:\/\/money.cnn.com\/2009\/06\/26\/markets\/dollar.reut\/index.htm\">drove the dollar down<\/a>.<\/p>\n<p>One wonders how bank failure Friday will shake out tonight.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Generally, the news has been pretty good, with personal income rising and consumer confidence hitting the highest level in over a year. Additionally, we are seeing more signs of a credit thaw, with the 3 month dollar LIBOR falling below 0.6%. In energy, we have an offer of amnesty on the table in Nigeria, which &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-191773","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\/191773"}],"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=191773"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/191773\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=191773"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=191773"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=191773"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}