{"id":197802,"date":"2008-01-10T17:52:00","date_gmt":"2008-01-10T22:52:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/01\/10\/economics-update-541\/"},"modified":"2008-01-10T17:52:00","modified_gmt":"2008-01-10T22:52:00","slug":"economics-update-541","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/01\/10\/economics-update-541\/","title":{"rendered":"Economics Update"},"content":{"rendered":"<p>More blood for Citicorp and Merril, it looks like they will be needing additional foreign money, as they are expected to <a href=\"http:\/\/calculatedrisk.blogspot.com\/2008\/01\/wsj-citi-merrill-may-report-additional.html\">report additional losses amounting to $25 billion<\/a>.  In addition, Capital One is expected to report about a billion dollars more in losses than was previously expected (what&#8217;s in <span style=\"font-weight:bold;\">your<\/span> wallet).<\/p>\n<p>And Moody&#8217;s is thinking about <a href=\"http:\/\/money.cnn.com\/2008\/01\/10\/news\/companies\/bc.apfn.freddiemac.finan.ap\/index.htm\">cutting Freddie Mac&#8217;s rating to A-<\/a>, which could make raising capital much more difficult.<\/p>\n<p><a href=\"http:\/\/money.cnn.com\/2008\/01\/10\/news\/economy\/retail_sales\/index.htm?postversion=2008011011\">December retail sales figures sucked wet farts from dead pigeons<\/a>.  It was an increase, but less than inflation, which makes a decrease in real $.<\/p>\n<p>Ben Bernanke has pretty much guaranteed a rate cut in a <a href=\"http:\/\/money.cnn.com\/2008\/01\/10\/news\/economy\/fed_bernanke\/index.htm?cnn=yes\">speech he gave today<\/a> to the Women in Housing and Finance and Exchequer Club in Washington, D.C.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>More blood for Citicorp and Merril, it looks like they will be needing additional foreign money, as they are expected to report additional losses amounting to $25 billion. In addition, Capital One is expected to report about a billion dollars more in losses than was previously expected (what&#8217;s in your wallet). And Moody&#8217;s is thinking &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1261,973,985],"tags":[],"class_list":["post-197802","post","type-post","status-publish","format-standard","hentry","category-bubble","category-economy","category-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/197802"}],"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=197802"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/197802\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=197802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=197802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=197802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}