{"id":194504,"date":"2008-09-18T17:22:00","date_gmt":"2008-09-18T22:22:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/09\/18\/economics-update-375\/"},"modified":"2008-09-18T17:22:00","modified_gmt":"2008-09-18T22:22:00","slug":"economics-update-375","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/09\/18\/economics-update-375\/","title":{"rendered":"Economics Update"},"content":{"rendered":"<p>Again, as this seems, this is only the so called little stuff, because there is a <span style=\"font-weight: bold;\">lot<\/span> of big stuff again<\/p>\n<p>I&#8217;ve been firmly in the recession camp of the, &#8220;Is it recession yet,&#8221; dispute, and the <a href=\"http:\/\/bloomberg.com\/apps\/news?pid=20601068&amp;sid=aPe46CghUSnE&amp;refer=home\">the Leading Economic Indicators falling again<\/a> reinforces that notion, though the fact that the <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601068&amp;sid=arRQ5Cfe.nb8&amp;refer=economy\">Philadelphia Fed Factory Index rose<\/a> runs counter to that, but as it is the first rise in 10 months, I put that one in the outlier category.<\/p>\n<p>Meanwhile, the weekly, and this week affected by hurricanes, new filings for unemployment <a href=\"http:\/\/www.cnbc.com\/id\/26771216\">rose to 455K<\/a> and <a href=\"http:\/\/www.cnbc.com\/\/id\/26753547\">housing starts fell to a 17 year low<\/a>, even as <a href=\"http:\/\/calculatedrisk.blogspot.com\/2008\/09\/freddie-mac-30-year-fixed-mortgage-rate.html\">mortgage rates continue to fall<\/a>.<\/p>\n<p>Of course, not too many people can get the loans these days, because all the money is <a href=\"http:\/\/www.marketwatch.com\/News\/Story\/treasurys-up-after-housing-data\/story.aspx?guid=%7BB8220598-8B6F-4E39-91FA-A86F2161270D%7D\">fleeing to treasuries<\/a>.<\/p>\n<p><a href=\"http:\/\/money.cnn.com\/2008\/09\/17\/news\/economy\/gas_prices\/index.htm\">Gas prices tick higher &#8211; Sep. 17, 2008<\/a><\/p>\n<p><a href=\"http:\/\/www.cnbc.com\/\/id\/26753547\">Housing Starts Plummet to 17-Year Low in August &#8211; Economy * US * News * Story &#8211; CNBC.com<\/a><\/p>\n<p>In energy, <a href=\"http:\/\/money.cnn.com\/2008\/09\/18\/markets\/oil\/\">eased off of a bit<\/a>, as did <a href=\"http:\/\/money.cnn.com\/2008\/09\/18\/news\/economy\/gas_prices\/index.htm\">gasoline for the first time in 9 days<\/a>, as the panicking over Hurrican Ike moderated.<\/p>\n<p>Finally, I just want to say that Tom Toles is a bloody genius:<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/img98.imageshack.us\/img98\/6095\/wallstreetttoles1037298cv9.gif\" width=\"500\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Again, as this seems, this is only the so called little stuff, because there is a lot of big stuff again I&#8217;ve been firmly in the recession camp of the, &#8220;Is it recession yet,&#8221; dispute, and the the Leading Economic Indicators falling again reinforces that notion, though the fact that the Philadelphia Fed Factory Index &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[973,975,1004,1088,1089],"tags":[],"class_list":["post-194504","post","type-post","status-publish","format-standard","hentry","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\/194504"}],"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=194504"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/194504\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=194504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=194504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=194504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}