{"id":192891,"date":"2009-02-09T18:21:00","date_gmt":"2009-02-09T23:21:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/02\/09\/economics-update-285\/"},"modified":"2009-02-09T18:21:00","modified_gmt":"2009-02-09T23:21:00","slug":"economics-update-285","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/02\/09\/economics-update-285\/","title":{"rendered":"Economics Update"},"content":{"rendered":"<p>Well, in terms of the stuff I put here, there was very little today.  My guess is that everyone is waiting on Timothy &#8220;Eddie Haskell&#8221; Geithner&#8217;s bank bailout plan.<\/p>\n<p>We do have a rumor on the plan though, and it&#8217;s that <a href=\"http:\/\/www.cnbc.com\/\/id\/29104178\">Geithner has dropped the federally funded bad bank<\/a>, and instead any disposal of the financial dioxin out there will be handled by encouraging private money to drain the cesspool, which, when I last checked, was paying about 35\u00a2 on the dollar for the <span style=\"font-weight: bold;\">top tranches<\/span> of this.<\/p>\n<p>Good luck with that.<\/p>\n<p>He was supposed to release it today, but he put it off a day, which <a href=\"http:\/\/money.cnn.com\/2009\/02\/09\/markets\/dollar\/index.htm\">pushed the dollar down<\/a> and it also <a href=\"http:\/\/money.cnn.com\/2009\/02\/09\/markets\/oil.reut\/index.htm\">pushed oil down<\/a>, despite OPEC talking about more supply cuts.<\/p>\n<p>I will post a bit about Nancy Pelosi&#8217;s scary graph.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Well, in terms of the stuff I put here, there was very little today. My guess is that everyone is waiting on Timothy &#8220;Eddie Haskell&#8221; Geithner&#8217;s bank bailout plan. We do have a rumor on the plan though, and it&#8217;s that Geithner has dropped the federally funded bad bank, and instead any disposal of 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":[1080,973,1135,1004,985],"tags":[],"class_list":["post-192891","post","type-post","status-publish","format-standard","hentry","category-currency","category-economy","category-energy","category-finance","category-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/192891"}],"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=192891"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/192891\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=192891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=192891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=192891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}