{"id":200369,"date":"2021-04-29T06:21:00","date_gmt":"2021-04-29T11:21:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2021\/04\/29\/generally-favorable-economic-news\/"},"modified":"2021-04-29T06:21:00","modified_gmt":"2021-04-29T11:21:00","slug":"generally-favorable-economic-news","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2021\/04\/29\/generally-favorable-economic-news\/","title":{"rendered":"Generally Favorable Economic News"},"content":{"rendered":"<\/p>\n<div style=\"border: 1px solid black; float: right; margin: 0px 10px; padding: 5px; text-align: center; width: 360px;\"><a href=\"https:\/\/i.imgur.com\/mmmLzsc.png\"><img decoding=\"async\" border=\"0\" bordercolor=\"white\" src=\"https:\/\/i.imgur.com\/mmmLzsc.png\" width=\"350\" \/><\/a><br \/><i>H\/t <a href=\"https:\/\/www.calculatedriskblog.com\/2021\/04\/a-few-comments-on-q1-gdp.html\">Calculated Risk<\/a> for the graph pr0n<\/i><\/div>\n<p>First, <a href=\"https:\/\/www.wsj.com\/articles\/weekly-jobless-claims-coronavirus-04-29-2021-11619647721\">initial jobless claims fell to 553,000 last week<\/a>.<\/p>\n<p>This is definitely a good trend.<\/p>\n<p>Also, <a href=\"https:\/\/www.wsj.com\/articles\/us-gdp-economic-growth-first-quarter-2021-11619658605\">US GDP grew at a blistering 6.4% annual rate in the last quarter<\/a>. (See the graph)<\/p>\n<p>Yes, this is unequivocally good news.&nbsp;<\/p>\n<p>It&#8217;s getting tough to be pessimistic.<\/p>\n<p>We are still down from where we started though.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>H\/t Calculated Risk for the graph pr0n First, initial jobless claims fell to 553,000 last week. This is definitely a good trend. Also, US GDP grew at a blistering 6.4% annual rate in the last quarter. (See the graph) Yes, this is unequivocally good news.&nbsp; It&#8217;s getting tough to be pessimistic. We are still down &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[973,1089,992],"tags":[],"class_list":["post-200369","post","type-post","status-publish","format-standard","hentry","category-economy","category-recession","category-statistics"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/200369"}],"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=200369"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/200369\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=200369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=200369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=200369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}