{"id":193180,"date":"2009-01-12T20:23:00","date_gmt":"2009-01-13T01:23:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/01\/12\/economics-update-305\/"},"modified":"2009-01-12T20:23:00","modified_gmt":"2009-01-13T01:23:00","slug":"economics-update-305","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/01\/12\/economics-update-305\/","title":{"rendered":"Economics Update"},"content":{"rendered":"<p>Well, it looks like cutting defense spending to help the economy may not work, <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&amp;sid=aBdFh3Fb90sg&amp;refer=home\">S&amp;P is threatening to downgrade New Zealand\u2019s AA  Credit Rating<\/a>.<\/p>\n<p>By the time this is over, I would not be at all surprised if we see a number of countries out there like Australia and New Zealand with rating in the &#8220;B&#8221;s.<\/p>\n<p>Well, we&#8217;ve got another retailer bankruptcy, <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=newsarchive&amp;sid=aLDM5kKBQPOU\">Shane Co., a Jeweler<\/a> with 23 stores in 14 states&#8230;.We&#8217;ll see a lot more of this.<\/p>\n<p>The <a href=\"http:\/\/money.cnn.com\/2009\/01\/12\/markets\/dollar\/index.htm\">Dollar rose<\/a>, because traders are expecting the ECB to cut rates.<\/p>\n<p>Also, <a href=\"http:\/\/money.cnn.com\/2009\/01\/12\/markets\/oil.reut\/index.htm\">Oil is back below $40\/bbl<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Well, it looks like cutting defense spending to help the economy may not work, S&amp;P is threatening to downgrade New Zealand\u2019s AA Credit Rating. By the time this is over, I would not be at all surprised if we see a number of countries out there like Australia and New Zealand with rating in 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":[1005,1080,973,1135,1004],"tags":[],"class_list":["post-193180","post","type-post","status-publish","format-standard","hentry","category-business","category-currency","category-economy","category-energy","category-finance"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/193180"}],"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=193180"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/193180\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=193180"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=193180"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=193180"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}