{"id":195497,"date":"2008-07-04T17:03:00","date_gmt":"2008-07-04T22:03:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/07\/04\/economics-update-424\/"},"modified":"2008-07-04T17:03:00","modified_gmt":"2008-07-04T22:03:00","slug":"economics-update-424","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/07\/04\/economics-update-424\/","title":{"rendered":"Economics Update"},"content":{"rendered":"<p>In case you are wondering about inflation, <a href=\"http:\/\/money.cnn.com\/2008\/07\/04\/news\/economy\/gas\/index.htm\">retail gasoline just hit a new high<\/a>, breaking $4.10\/gallon, even though<a href=\"http:\/\/money.cnn.com\/2008\/07\/04\/markets\/oil.ap\/index.htm\">oil prices backed off a little bit<\/a>.<\/p>\n<p>FWIW, it&#8217;s not just oil. <a href=\"http:\/\/money.cnn.com\/news\/newsfeeds\/articles\/apwire\/0126e926fad3260596e61e70dfac0e54.htm\">BHP Billiton and China&#8217;s Baosteel just negotiated a 96.5%rate hike<\/a>.<\/p>\n<p>The currency markets are <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601103&amp;sid=aDdx3cwos51Y&amp;refer=news\">predicting that the ECB won&#8217;t raise rates again<\/a>, so the dollar strengthened a bit.<\/p>\n<p>Finally, in real estate, we are seeing <a href=\"http:\/\/www.cnbc.com\/id\/25491925\">soaring home equity line of credit delinquencies<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In case you are wondering about inflation, retail gasoline just hit a new high, breaking $4.10\/gallon, even thoughoil prices backed off a little bit. FWIW, it&#8217;s not just oil. BHP Billiton and China&#8217;s Baosteel just negotiated a 96.5%rate hike. The currency markets are predicting that the ECB won&#8217;t raise rates again, so the dollar strengthened &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1080,973,1135,1004,1200,1088],"tags":[],"class_list":["post-195497","post","type-post","status-publish","format-standard","hentry","category-currency","category-economy","category-energy","category-finance","category-inflation","category-real-estate"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/195497"}],"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=195497"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/195497\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=195497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=195497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=195497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}