{"id":192011,"date":"2009-05-22T17:26:00","date_gmt":"2009-05-22T22:26:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/05\/22\/economics-update-215\/"},"modified":"2009-05-22T17:26:00","modified_gmt":"2009-05-22T22:26:00","slug":"economics-update-215","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/05\/22\/economics-update-215\/","title":{"rendered":"Economics Update"},"content":{"rendered":"<p>So, the bank failures come later today, it&#8217;s Friday, but <a href=\"http:\/\/www.calculatedriskblog.com\/2009\/05\/credit-crisis-indicators_22.html\">Calculated Risk&#8217;s Credit Crisis Indicators<\/a> are generally positive, though it appears that there are a lot of bears on Treasuries, with the <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&amp;sid=a6vR4nWTQHBk&amp;refer=home\">10-Year note falling sharply<\/a>.<\/p>\n<p>Then, we have a return of the <span>monoliner<\/span> insurers, with <a href=\"http:\/\/www.housingwire.com\/2009\/05\/21\/moodys-eyes-the-chopping-block-for-monolines\/\">Moody\u2019s looking at cutting ratings on a whole passel of them<\/a>.<\/p>\n<p>Meanwhile, all the concern about treasuries and the <span>USD<\/span> <a href=\"http:\/\/money.cnn.com\/2009\/05\/22\/markets\/dollar\/index.htm\">pushed the dollar down today<\/a>, which in turn <a href=\"http:\/\/money.cnn.com\/2009\/05\/22\/markets\/oil\/\">pushed oil above $61\/bbl<\/a>.<\/p>\n<p>On the brighter side, this led OPEC to <a href=\"http:\/\/www.reuters.com\/article\/businessNews\/idUSTRE54L20Y20090522?feedType=RSS&amp;feedName=businessNews\">decide against a production cut<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>So, the bank failures come later today, it&#8217;s Friday, but Calculated Risk&#8217;s Credit Crisis Indicators are generally positive, though it appears that there are a lot of bears on Treasuries, with the 10-Year note falling sharply. Then, we have a return of the monoliner insurers, with Moody\u2019s looking at cutting ratings on a whole passel &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[973,1004,1045],"tags":[],"class_list":["post-192011","post","type-post","status-publish","format-standard","hentry","category-economy","category-finance","category-insurance"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/192011"}],"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=192011"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/192011\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=192011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=192011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=192011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}