{"id":407,"date":"2008-05-27T09:17:32","date_gmt":"2008-05-27T09:17:32","guid":{"rendered":"http:\/\/astraea.net\/blog\/?p=407"},"modified":"2008-05-28T10:42:40","modified_gmt":"2008-05-28T10:42:40","slug":"the-mood-has-changed-time-to-face-reality","status":"publish","type":"post","link":"https:\/\/www.astraea.net\/blog\/the-mood-has-changed-time-to-face-reality\/","title":{"rendered":"The mood has changed, time to face reality."},"content":{"rendered":"

Its not just people in the street that are starting to feel the pinch.\u00a0 Official data says it too<\/a> – so it must be true.<\/p>\n

We’ve noticed price increases in many areas (except housing).\u00a0 Certainly petrol and other oils are up by at least 10% this year so far.\u00a0 And food prices seem to have followed suit.\u00a0 The fringe benefit is that now when you go into a shop you might get some attention instead of disdain and a look that says “just wait and I’ll see if I decide to help you”.\u00a0 In Ireland builders are even returning phone calls now!<\/p>\n

And recent data from the US confidence indicies shows that people are pretty pessimistic about the outlook.\u00a0 The smoke and mirrors from regulators and policy makers like the Fed are not working as hoped.<\/p>\n

According to the Conference Board, their Consumer Confidence Index fell to a level of 57.2 in May<\/a>, down from April’s figure of 62.8.\u00a0 It’s now at its lowest level for 16 years, though summer should be brightening spirits.\u00a0 They blame the pessimism on the short-term outlook for the US economy as well as weakening business and job conditions – well at least they’re beginning to face reality.\u00a0 The University of Michigan’s Index tell the same story hitting a 28-year low in May.<\/p>\n","protected":false},"excerpt":{"rendered":"

Its not just people in the street that are starting to feel the pinch.\u00a0 Official data says it too – so it must be true. We’ve noticed price increases in many areas (except housing).\u00a0 Certainly petrol and other oils are up by at least 10% this year so far.\u00a0 And food prices seem to have …
Continue reading The mood has changed, time to face reality.<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"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},"jetpack_post_was_ever_published":false},"categories":[27],"tags":[],"class_list":["post-407","post","type-post","status-publish","format-standard","hentry","category-economy"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4hwcd-6z","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts\/407","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=407"}],"version-history":[{"count":0,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts\/407\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/media?parent=407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/categories?post=407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/tags?post=407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}