{"id":780,"date":"2008-03-04T13:55:26","date_gmt":"2008-03-04T18:55:26","guid":{"rendered":"http:\/\/www.michaelherman.com\/wordpress\/archives\/2008\/03\/04\/uh-oh\/"},"modified":"2008-03-04T13:56:20","modified_gmt":"2008-03-04T18:56:20","slug":"uh-oh","status":"publish","type":"post","link":"https:\/\/www.michaelherman.com\/wordpress\/archives\/2008\/03\/04\/uh-oh\/","title":{"rendered":"Uh-Oh"},"content":{"rendered":"<p>The Federal Reserve&#8217;s rescue has failed.  So says Ambrose Evans-Pritchard, International Business Editor, <a href=\"http:\/\/www.telegraph.co.uk\/money\/main.jhtml?xml=\/money\/2008\/03\/03\/ccview103.xml\">at Telegraph.co.uk<\/a>:<\/p>\n<blockquote><p>The verdict is in. The Fed&#8217;s emergency rate cuts in January have failed to halt the downward spiral towards a full-blown debt deflation. Much more drastic action will be needed.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>The Federal Reserve&#8217;s rescue has failed. So says Ambrose Evans-Pritchard, International Business Editor, at Telegraph.co.uk: The verdict is in. The Fed&#8217;s emergency rate cuts in January have failed to halt the downward spiral towards a full-blown debt deflation. Much more drastic action will be needed.<\/p>\n","protected":false},"author":88889,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":["post-780","post","type-post","status-publish","format-standard","hentry","category-money-and-markets"],"_links":{"self":[{"href":"https:\/\/www.michaelherman.com\/wordpress\/wp-json\/wp\/v2\/posts\/780"}],"collection":[{"href":"https:\/\/www.michaelherman.com\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.michaelherman.com\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.michaelherman.com\/wordpress\/wp-json\/wp\/v2\/users\/88889"}],"replies":[{"embeddable":true,"href":"https:\/\/www.michaelherman.com\/wordpress\/wp-json\/wp\/v2\/comments?post=780"}],"version-history":[{"count":0,"href":"https:\/\/www.michaelherman.com\/wordpress\/wp-json\/wp\/v2\/posts\/780\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.michaelherman.com\/wordpress\/wp-json\/wp\/v2\/media?parent=780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.michaelherman.com\/wordpress\/wp-json\/wp\/v2\/categories?post=780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.michaelherman.com\/wordpress\/wp-json\/wp\/v2\/tags?post=780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}