{"id":196787,"date":"2008-03-25T16:45:00","date_gmt":"2008-03-25T21:45:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/03\/25\/economics-update-493\/"},"modified":"2008-03-25T16:45:00","modified_gmt":"2008-03-25T21:45:00","slug":"economics-update-493","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/03\/25\/economics-update-493\/","title":{"rendered":"Economics Update"},"content":{"rendered":"<p>People are not feeling confident right now, Conference Board&#8217;s <a href=\"http:\/\/www.marketwatch.com\/news\/story\/march-consumer-confidence-down-outlook\/story.aspx?guid=%7B21A503CB-7B03-4AD3-B343-0ADF1C2F1A1B%7D&amp;dist=TNMostRead\">consumer confidence index fell to 64.5, and the expectations index fell to 47.9<\/a>, the latter being the lowest since December 1973.<\/p>\n<p>Not surprisingly, <a href=\"http:\/\/money.cnn.com\/news\/newsfeeds\/articles\/newstex\/AFX-0013-24005233.htm\">the dollar is down as a result<\/a>, though the fact that the <a href=\"http:\/\/ap.google.com\/article\/ALeqM5jC0Js_XMSCt-GDAijc3qIbjuVZIAD8VKGU380\">Federal Reserve continues to run those printing presses<\/a> like they were making toilet paper for rancid burrito day may have contributed.<\/p>\n<p>In real estate, <a href=\"http:\/\/money.cnn.com\/2008\/03\/25\/news\/companies\/bc.apfn.freddiemac.portf.ap\/index.htm?postversion=2008032509\">Freddie is seeing mortgage delinquencies increasing<\/a>.<\/p>\n<p>We are also seeing an <a href=\"http:\/\/www.cnbc.com\/id\/23776398\">explosion in payday loans<\/a>, which means people are being abused by the system just as Bear shareholders are getting a freebie courtesy of the Federal Reserve.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>People are not feeling confident right now, Conference Board&#8217;s consumer confidence index fell to 64.5, and the expectations index fell to 47.9, the latter being the lowest since December 1973. Not surprisingly, the dollar is down as a result, though the fact that the Federal Reserve continues to run those printing presses like they were &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1261,1080,973,1004],"tags":[],"class_list":["post-196787","post","type-post","status-publish","format-standard","hentry","category-bubble","category-currency","category-economy","category-finance"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/196787"}],"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=196787"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/196787\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=196787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=196787"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=196787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}