{"id":75,"date":"2011-08-11T02:17:48","date_gmt":"2011-08-11T02:17:48","guid":{"rendered":"http:\/\/www.notebookbattery.co.nz\/blog\/?p=75"},"modified":"2011-08-11T02:17:48","modified_gmt":"2011-08-11T02:17:48","slug":"stocks-fall-as-u-s-credit-rating-warning-for-nz","status":"publish","type":"post","link":"http:\/\/www.notebookbattery.co.nz\/blog\/talking\/business\/stocks-fall-as-u-s-credit-rating-warning-for-nz.html","title":{"rendered":"Stocks fall as U.S. credit rating &#8211; Warning for NZ"},"content":{"rendered":"<p>US trading was once again marked by sharp moves on heavy volume. For a fifth straight day, the Dow industrials fluctuated in a range of more than 400 points. <\/p>\n<p>The losses came against the backdrop of recent weak US economic data, the United States losing its triple-A credit rating from Standard & Poor's and the inability of lawmakers to address worries that another recession may be on the way.<br \/>\nNew Zealand shares recovered some ground today, having been caught up earlier in another global market slide as fear returned to Wall Street. <\/p>\n<p>Goldman Sachs New Zealand economist Philip Borkin said his US colleagues now saw a one in three chance the United States would fall back into recession.<\/p>\n<p>The fiscal stimulus put in place during the global financial crisis was winding down and fiscal policy would turn quite contractionary, he said.<\/p>\n<p>\"Despite the weaker dollar the US current account deficit is deteriorating and is expected to continue to do so. Unfortunately that means a higher New Zealand dollar and as a result we are becoming a lot more cautious about the manufacturing and tourism sectors as a result,\" Borkin said.<\/p>\n<p>(from:http:\/\/www.nzherald.co.nz\/business\/news\/article.cfm?c_id=3&objectid=10743861)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>US trading was once again marked by sharp moves on heavy volume. For a fifth straight day, the Dow industrials fluctuated in a range of more than 400 points. The losses came against the backdrop of recent weak US economic data, the United States losing its triple-A credit rating from Standard &#038; Poor&#8217;s and the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[50],"tags":[51,52],"_links":{"self":[{"href":"http:\/\/www.notebookbattery.co.nz\/blog\/wp-json\/wp\/v2\/posts\/75"}],"collection":[{"href":"http:\/\/www.notebookbattery.co.nz\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.notebookbattery.co.nz\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.notebookbattery.co.nz\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.notebookbattery.co.nz\/blog\/wp-json\/wp\/v2\/comments?post=75"}],"version-history":[{"count":0,"href":"http:\/\/www.notebookbattery.co.nz\/blog\/wp-json\/wp\/v2\/posts\/75\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.notebookbattery.co.nz\/blog\/wp-json\/wp\/v2\/media?parent=75"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.notebookbattery.co.nz\/blog\/wp-json\/wp\/v2\/categories?post=75"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.notebookbattery.co.nz\/blog\/wp-json\/wp\/v2\/tags?post=75"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}