{"id":199954,"date":"2007-06-14T15:43:00","date_gmt":"2007-06-14T20:43:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2007\/06\/14\/more-signs-that-we-are-in-for-a-bumpy-economic-ride\/"},"modified":"2007-06-14T15:43:00","modified_gmt":"2007-06-14T20:43:00","slug":"more-signs-that-we-are-in-for-a-bumpy-economic-ride","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2007\/06\/14\/more-signs-that-we-are-in-for-a-bumpy-economic-ride\/","title":{"rendered":"More Signs that We are in for a Bumpy Economic Ride"},"content":{"rendered":"<p>These &#8220;financial instruments&#8221; are not hedges, they are a highly speculative instruments to boost profits to satisfy share holders.<\/p>\n<p>Between their core business tanking with problems with sub prime and Alt-A loans, and speculative derivatives, this <span style=\"font-weight: bold;\">will<\/span> get ugly.<\/p>\n<blockquote style=\"color: rgb(0, 0, 153);\"><p><span style=\"font-weight: bold;font-size:130%;\" ><a href=\"http:\/\/www.thestar.com\/Business\/article\/225378\">Freddie Mac falls into loss<\/a><\/span><\/p>\n<p>Jun 14, 2007 08:17 AM<br \/>Associated Press<\/p>\n<p>WASHINGTON \u2013 Freddie Mac, the nation&#8217;s second largest buyer and guarantor of home mortgages, reported a first-quarter loss of $211 million (U.S.), mainly from erosion in the value of financial instruments it uses to hedge against interest rate swings.<\/p>\n<p>&#8230;<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>These &#8220;financial instruments&#8221; are not hedges, they are a highly speculative instruments to boost profits to satisfy share holders. Between their core business tanking with problems with sub prime and Alt-A loans, and speculative derivatives, this will get ugly. Freddie Mac falls into loss Jun 14, 2007 08:17 AMAssociated Press WASHINGTON \u2013 Freddie Mac, the &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[973,1265],"tags":[],"class_list":["post-199954","post","type-post","status-publish","format-standard","hentry","category-economy","category-housing-crash"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/199954"}],"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=199954"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/199954\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=199954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=199954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=199954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}