{"id":194412,"date":"2008-09-25T19:36:00","date_gmt":"2008-09-26T00:36:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/09\/25\/economics-update-370\/"},"modified":"2008-09-25T19:36:00","modified_gmt":"2008-09-26T00:36:00","slug":"economics-update-370","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/09\/25\/economics-update-370\/","title":{"rendered":"Economics Update"},"content":{"rendered":"<p>More signs of a recession, <a href=\"http:\/\/www.nytimes.com\/2008\/09\/26\/business\/economy\/26econ.html?_r=2&amp;hp&amp;oref=login&amp;oref=slogin\">durable orders just dropped 4.5%<\/a>, <a href=\"http:\/\/money.cnn.com\/2008\/09\/25\/news\/economy\/jobless_claims\/?postversion=2008092509\">initial jobless rose by 32,000<\/a>, to a 7 year high, and <a href=\"http:\/\/economix.blogs.nytimes.com\/2008\/09\/24\/existing-home-sales-fell-in-august\/\">existing home sales fell by 2.2% in August<\/a>.<\/p>\n<p>Meanwhile, <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=newsarchive&amp;sid=aLXO8sz4PnFk\">the dollar has fallen<\/a>, largely on concerns about the bailout deal.<\/p>\n<p>Meanwhile, <a href=\"http:\/\/money.cnn.com\/2008\/09\/25\/news\/economy\/fed_crisis.ap\/index.htm\">banks are borrowing in excess of $110 billion a day<\/a>, 39.36 billion from commercial banks, and $88.15 billion from investment banks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>More signs of a recession, durable orders just dropped 4.5%, initial jobless rose by 32,000, to a 7 year high, and existing home sales fell by 2.2% in August. Meanwhile, the dollar has fallen, largely on concerns about the bailout deal. Meanwhile, banks are borrowing in excess of $110 billion a day, 39.36 billion from &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1080,973,975,1004,1088,1089],"tags":[],"class_list":["post-194412","post","type-post","status-publish","format-standard","hentry","category-currency","category-economy","category-employment","category-finance","category-real-estate","category-recession"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/194412"}],"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=194412"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/194412\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=194412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=194412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=194412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}