{"id":198527,"date":"2007-11-01T20:49:00","date_gmt":"2007-11-02T01:49:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2007\/11\/01\/economic-update-7\/"},"modified":"2007-11-01T20:49:00","modified_gmt":"2007-11-02T01:49:00","slug":"economic-update-7","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2007\/11\/01\/economic-update-7\/","title":{"rendered":"Economic Update"},"content":{"rendered":"<p>The Dow dropped 362.14 points. Oil <a href=\"http:\/\/biz.yahoo.com\/ap\/071101\/oil_prices.html?.v=27\">peaked briefly at $96.24\/bbl<\/a>.<\/p>\n<p>Normally, this is not the response to a Fed rate cut.  I think that oil and currency concerns are behind this, though truth be told, the two are intertwined.  When the dollar falls, if oil remains the same price as a world commodity, the dollar price must naturally go up.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Dow dropped 362.14 points. Oil peaked briefly at $96.24\/bbl. Normally, this is not the response to a Fed rate cut. I think that oil and currency concerns are behind this, though truth be told, the two are intertwined. When the dollar falls, if oil remains the same price as a world commodity, the dollar &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],"tags":[],"class_list":["post-198527","post","type-post","status-publish","format-standard","hentry","category-currency","category-economy","category-energy"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/198527"}],"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=198527"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/198527\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=198527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=198527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=198527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}