{"id":285,"date":"2007-10-27T16:05:17","date_gmt":"2007-10-27T16:05:17","guid":{"rendered":"http:\/\/astraea.net\/blog\/?p=285"},"modified":"2007-11-14T16:15:24","modified_gmt":"2007-11-14T16:15:24","slug":"riding-along-a-precipice","status":"publish","type":"post","link":"https:\/\/www.astraea.net\/blog\/riding-along-a-precipice\/","title":{"rendered":"Riding along a precipice"},"content":{"rendered":"<p>That&#8217;s what it feels like watching the markets.\u00a0 The Economist offered a suitably scary briefing for Halloween: <a href=\"http:\/\/www.economist.com\/finance\/displaystory.cfm?story_id=10024679\">Spooking Investors &#8211; Financial markets remain on edge because the credit crunch has not been solved<\/a>.\u00a0 While we know there are credit problems throughout the banking system, we don&#8217;t know how big or where they are.\u00a0\u00a0 And stock markets remain rather more optimistic than data would suggest.\u00a0 I certainly feel as Greenspan recently described the markets &#8220;in a state of fear&#8221;.\u00a0 It feels as if one is walking along a cliff edge, the path is undulating, sometimes up, sometimes down, but nothing too drastic.\u00a0 But on the side is a massive drop, a financial precipice.\u00a0 If you have not yet informed yourself of the multiple liabilities stemming from loose credit over the past 5 years, have a look at the <a href=\"http:\/\/www.economist.com\/finance\/displaystory.cfm?story_id=10024679\">linked article<\/a>.\u00a0 Otherwise, make sure you have something to hold on to in case markets get pushed over the edge.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>That&#8217;s what it feels like watching the markets.\u00a0 The Economist offered a suitably scary briefing for Halloween: Spooking Investors &#8211; Financial markets remain on edge because the credit crunch has not been solved.\u00a0 While we know there are credit problems throughout the banking system, we don&#8217;t know how big or where they are.\u00a0\u00a0 And stock &hellip;<br \/><a href=\"https:\/\/www.astraea.net\/blog\/riding-along-a-precipice\/\" class=\"more-link pen_button pen_element_default pen_icon_arrow_double\">Continue reading <span class=\"screen-reader-text\">Riding along a precipice<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[24],"tags":[],"class_list":["post-285","post","type-post","status-publish","format-standard","hentry","category-markets"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4hwcd-4B","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts\/285","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/comments?post=285"}],"version-history":[{"count":0,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts\/285\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/media?parent=285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/categories?post=285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/tags?post=285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}