{"id":194135,"date":"2008-10-22T21:30:00","date_gmt":"2008-10-23T02:30:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/10\/22\/economics-update-359\/"},"modified":"2008-10-22T21:30:00","modified_gmt":"2008-10-23T02:30:00","slug":"economics-update-359","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/10\/22\/economics-update-359\/","title":{"rendered":"Economics Update"},"content":{"rendered":"

In war, it is said that amateurs talk tactics, while professionals talk logistics.<\/p>\n

It may be the case with financial crises too, which makes the
FDIC decision to sign a lease for a lot of office space in Southern California<\/a> very interesting.<\/p>\n

Of course, the tactical developments, like investors taking losses in excess of 90% on complex financial instruments attached to Lehman and Iceland<\/a> is still interesting, even if just a tactical development.<\/p>\n

In currency, the dollar has hit a 2 year high<\/a> on concerns of a coming recession.<\/p>\n

I think that this is temporary. People are fleeing to the dollar in times of trouble out of habit<\/span> which is not justified by the reality<\/span>.<\/p>\n

In any case, recession fears pushed oil to a 16 month low<\/a>.<\/p>\n

BTW, here is a very<\/span> nice primer on the financial crisis:
<\/param><\/param><\/embed><\/object><\/p>\n","protected":false},"excerpt":{"rendered":"

In war, it is said that amateurs talk tactics, while professionals talk logistics. It may be the case with financial crises too, which makes the FDIC decision to sign a lease for a lot of office space in Southern California very interesting. Of course, the tactical developments, like investors taking losses in excess of 90% …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1080,973,1135,985],"tags":[],"class_list":["post-194135","post","type-post","status-publish","format-standard","hentry","category-currency","category-economy","category-energy","category-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/194135"}],"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=194135"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/194135\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=194135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=194135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=194135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}