{"id":196121,"date":"2008-05-22T16:32:00","date_gmt":"2008-05-22T21:32:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/05\/22\/economics-update-454\/"},"modified":"2008-05-22T16:32:00","modified_gmt":"2008-05-22T21:32:00","slug":"economics-update-454","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/05\/22\/economics-update-454\/","title":{"rendered":"Economics Update"},"content":{"rendered":"<p>Obviously the economic news of the day, hell the news of the day period, was <a href=\"http:\/\/www.cnbc.com\/id\/24764665\">oil surging to above $135\/bbl<\/a>, though they settled about $4 lower.<\/p>\n<p><a href=\"http:\/\/money.cnn.com\/2008\/05\/22\/news\/economy\/gas_prices\/index.htm?postversion=2008052209\">Retail gasoline hit a new record<\/a>, the 15th straight, $3.831\/gallon.<\/p>\n<p>Dollar has <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=newsarchive&amp;sid=a.oiUZTunong\">taken a hit too<\/a>, which is common when oil surges.<\/p>\n<p>In employment news, <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&amp;sid=aDeTc4KzXjhs&amp;refer=home\">US initial jobless claims fell<\/a>, though the number of people collecting benefits remains at a 4 year high, so it appears that the unemployed are not finding new jobs.<\/p>\n<p>In real estate, the OFHEO <a href=\"http:\/\/www.ofheo.gov\/media\/hpi\/1q08hpi.pdf\">reports that house prices fell 1.7% in Q1 of 2008<\/a>, (PDF) the sharpest decline in since records began to be kept in 1991.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Obviously the economic news of the day, hell the news of the day period, was oil surging to above $135\/bbl, though they settled about $4 lower. Retail gasoline hit a new record, the 15th straight, $3.831\/gallon. Dollar has taken a hit too, which is common when oil surges. In employment news, US initial jobless claims &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1080,973,975,1135],"tags":[],"class_list":["post-196121","post","type-post","status-publish","format-standard","hentry","category-currency","category-economy","category-employment","category-energy"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/196121"}],"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=196121"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/196121\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=196121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=196121"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=196121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}