{"id":195451,"date":"2008-07-08T17:38:00","date_gmt":"2008-07-08T22:38:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/07\/08\/economics-update-422\/"},"modified":"2008-07-08T17:38:00","modified_gmt":"2008-07-08T22:38:00","slug":"economics-update-422","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/07\/08\/economics-update-422\/","title":{"rendered":"Economics Update"},"content":{"rendered":"<p>Bernanke is saying that the Federal Reserve&#8217;s money for crap loan program to the investment banks <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&amp;sid=aSvgnK_7DdYU&amp;refer=home\"> may continue well into next year<\/a>.<\/p>\n<p>In energy, we have generally good news, with <a href=\"http:\/\/money.cnn.com\/2008\/07\/08\/markets\/oil\/\">oil falling to $136.04\/bbl<\/a> and  <br \/><a href=\"http:\/\/money.cnn.com\/2008\/07\/08\/news\/economy\/gas\/index.htm\">retail gasoline prices unchanged<\/a>.<\/p>\n<p>Not unsurprisingly the <a href=\"http:\/\/money.cnn.com\/2008\/07\/08\/markets\/dollar.ap\/index.htm\">dollar strengthened a bit<\/a>.<\/p>\n<p>Housing, on the other hand <a href=\"http:\/\/biz.yahoo.com\/ap\/080708\/pending_home_sales.html?.v=6\">just took another hit<\/a>, with pending home sales falling 4.7% from last month and 14% from a year ago.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bernanke is saying that the Federal Reserve&#8217;s money for crap loan program to the investment banks may continue well into next year. In energy, we have generally good news, with oil falling to $136.04\/bbl and retail gasoline prices unchanged. Not unsurprisingly the dollar strengthened a bit. Housing, on the other hand just took another hit, &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1080,973,1135,1004,1265,1088,985],"tags":[],"class_list":["post-195451","post","type-post","status-publish","format-standard","hentry","category-currency","category-economy","category-energy","category-finance","category-housing-crash","category-real-estate","category-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/195451"}],"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=195451"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/195451\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=195451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=195451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=195451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}