{"id":196035,"date":"2008-05-28T16:32:00","date_gmt":"2008-05-28T21:32:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/05\/28\/economics-update-451\/"},"modified":"2008-05-28T16:32:00","modified_gmt":"2008-05-28T21:32:00","slug":"economics-update-451","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/05\/28\/economics-update-451\/","title":{"rendered":"Economics Update"},"content":{"rendered":"<p><a href=\"http:\/\/money.cnn.com\/2008\/05\/28\/markets\/oil_prices\/index.htm?postversion=2008052815\">Oil is up again today<\/a>, to $131.03\/bbl, even though demand is falling, and <a href=\"http:\/\/money.cnn.com\/2008\/05\/28\/news\/economy\/gas_prices\/index.htm\">retail gas prices hit a record for 21st straight day<\/a>, $3.944\/gallon.<\/p>\n<p>I think the only question is whether it will break $4\/gal before June.<\/p>\n<p>Paradoxically enough, the <a href=\"http:\/\/money.cnn.com\/2008\/05\/28\/markets\/dollar.ap\/index.htm\">dollar strengthened<\/a>, despite the higher oil prices.<\/p>\n<p>Finally, we&#8217;re seeing <a href=\"http:\/\/money.cnn.com\/2008\/05\/28\/real_estate\/mortgage_applications.ap\/index.htm?postversion=2008052807\">a drop in mortgage applications<\/a>, because rates are rising.<\/p>\n<p>Rates will go up eventually, and when they do, the housing market will get even more ugly.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil is up again today, to $131.03\/bbl, even though demand is falling, and retail gas prices hit a record for 21st straight day, $3.944\/gallon. I think the only question is whether it will break $4\/gal before June. Paradoxically enough, the dollar strengthened, despite the higher oil prices. Finally, we&#8217;re seeing a drop in mortgage applications, &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[973,1135,1004,1088],"tags":[],"class_list":["post-196035","post","type-post","status-publish","format-standard","hentry","category-economy","category-energy","category-finance","category-real-estate"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/196035"}],"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=196035"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/196035\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=196035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=196035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=196035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}