{"id":8818,"date":"2011-12-22T21:02:33","date_gmt":"2011-12-23T02:02:33","guid":{"rendered":"http:\/\/drduru.com\/onetwentytwo\/?p=8818"},"modified":"2011-12-22T21:02:33","modified_gmt":"2011-12-23T02:02:33","slug":"destocking-to-restocking-joy-global-weakens-case-for-commodities-crash","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2011\/12\/22\/destocking-to-restocking-joy-global-weakens-case-for-commodities-crash\/","title":{"rendered":"From Destocking to Restocking, Joy Global Weakens Case for a Commodities Crash"},"content":{"rendered":"

This is an excerpt from an article I originally published on Seeking Alpha on December 20, 2011. Click here to read the entire piece<\/a>.)<\/strong><\/p>\n

Last week, Joy Global (JOY) reported its fourth quarter and 2011 operating results<\/a> and provided some valuable details on the outlook for commodities in 2012. JOY blames inventory destocking for the current reduction in demand for commodities. Moreover, the engineered “soft landing” in China has slowed its economy as expected (the Reserve Bank of Australia made similar observations<\/a>). The company claims that the resulting lower prices in commodities will (soon?) encourage increased demand to refill depleted stocks. This destocking to restocking theme was referenced in the last earnings report<\/a> as well. Higher marginal cost producers are the biggest losers in this cycle; lower prices have already forced them to shut down high cost operations.<\/p>\n

In aggregate, none of these factors have reduced the appetite for surviving producers to invest in capital equipment…<\/p>\n

{snip}<\/p>\n

The titles from my earlier posts are quite revealing. They demonstrate how quickly assessments of the market shifted from optimism to pessimism and then to cautious optimism…{snip}<\/p>\n

{snip}<\/p>\n

So, I think there is every reason to trust that JOY’s outlook is a sufficient assessment with the information currently available. If a commodity crash is coming in 2012, it will once again come as a complete surprise to JOY and its customers. {snip}<\/p>\n

{snip}<\/p>\n


\n
\"JOY's<\/a>
JOY's stock is sagging<\/figcaption><\/figure>
\nSource: FreeStockCharts.com<\/a>
\n<\/center>
\n<\/p>\n

The 2011 year-to-date dealer statistics from Caterpillar (CAT)<\/a> confirm the general slowing trend in the sales growth for capital equipment (including construction). {snip}<\/p>\n


\n
\"CAT<\/a>
CAT Dealer Reported Retail Statistics for Machines<\/figcaption><\/figure>
\nSource: Caterpillar Dealer Statistics as of November, 2011<\/a><\/strong>
\n<\/center><\/p>\n

{snip}<\/p>\n

The stabilization in copper prices is also consistent with a transition from destocking to restocking. {snip}<\/p>\n


\n
\"Copper<\/a>
Copper has stabilized for now<\/figcaption><\/figure>
\nSource: Stockcharts.com<\/a><\/strong>
\n<\/center>
\n<\/p>\n

Finally, global monetary easing should also support commodity prices in 2012. As I pointed out last week<\/a>, central banks and monetary authorities across the globe are taking aggressive and proactive steps to try to avert a more serious economic downturn in their respective countries.{snip}<\/p>\n

Be careful out there!<\/p>\n

This is an excerpt from an article I originally published on Seeking Alpha on December 20, 2011. Click here to read the entire piece<\/a>.)<\/strong><\/p>\n

Full disclosure: long CAT puts<\/p>\n","protected":false},"excerpt":{"rendered":"

This is an excerpt from an article I originally published on Seeking Alpha on December 20, 2011. Click here to read the entire piece.) Last week, Joy Global (JOY) reported its fourth quarter and 2011 operating results and provided some valuable details on the outlook for commodities in 2012. JOY blames inventory destocking for the … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4,199,220],"tags":[64,63,1608,835,726,727,243,115],"class_list":["post-8818","post","type-post","status-publish","format-standard","hentry","category-china","category-commodities","category-earnings","tag-cat","tag-caterpillar-inc","tag-europe","tag-joy","tag-joy-global","tag-joyg","tag-mining-equipment","tag-monetary-policy"],"yoast_head":"\nFrom Destocking to Restocking, Joy Global Weakens Case for a Commodities Crash - ONE-TWENTY TWO: Trading Financial Markets<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/drduru.com\/onetwentytwo\/2011\/12\/22\/destocking-to-restocking-joy-global-weakens-case-for-commodities-crash\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"From Destocking to Restocking, Joy Global Weakens Case for a Commodities Crash - ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"og:description\" content=\"This is an excerpt from an article I originally published on Seeking Alpha on December 20, 2011. Click here to read the entire piece.) Last week, Joy Global (JOY) reported its fourth quarter and 2011 operating results and provided some valuable details on the outlook for commodities in 2012. JOY blames inventory destocking for the ... Read more\" \/>\n<meta property=\"og:url\" content=\"https:\/\/drduru.com\/onetwentytwo\/2011\/12\/22\/destocking-to-restocking-joy-global-weakens-case-for-commodities-crash\/\" \/>\n<meta property=\"og:site_name\" content=\"ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"article:published_time\" content=\"2011-12-23T02:02:33+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2011\/12\/111219_JOY.png\" \/>\n<meta name=\"author\" content=\"Dr. Duru\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@drduru\" \/>\n<meta name=\"twitter:site\" content=\"@drduru\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dr. Duru\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2011\\\/12\\\/22\\\/destocking-to-restocking-joy-global-weakens-case-for-commodities-crash\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2011\\\/12\\\/22\\\/destocking-to-restocking-joy-global-weakens-case-for-commodities-crash\\\/\"},\"author\":{\"name\":\"Dr. Duru\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"headline\":\"From Destocking to Restocking, Joy Global Weakens Case for a Commodities Crash\",\"datePublished\":\"2011-12-23T02:02:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2011\\\/12\\\/22\\\/destocking-to-restocking-joy-global-weakens-case-for-commodities-crash\\\/\"},\"wordCount\":407,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"image\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2011\\\/12\\\/22\\\/destocking-to-restocking-joy-global-weakens-case-for-commodities-crash\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2011\\\/12\\\/111219_JOY.png\",\"keywords\":[\"CAT\",\"Caterpillar Inc\",\"Europe\",\"JOY\",\"Joy Global\",\"JOYG\",\"mining equipment\",\"monetary policy\"],\"articleSection\":[\"China\",\"Commodities\",\"Earnings\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2011\\\/12\\\/22\\\/destocking-to-restocking-joy-global-weakens-case-for-commodities-crash\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2011\\\/12\\\/22\\\/destocking-to-restocking-joy-global-weakens-case-for-commodities-crash\\\/\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2011\\\/12\\\/22\\\/destocking-to-restocking-joy-global-weakens-case-for-commodities-crash\\\/\",\"name\":\"From Destocking to Restocking, Joy Global Weakens Case for a Commodities Crash - ONE-TWENTY TWO: Trading Financial Markets\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2011\\\/12\\\/22\\\/destocking-to-restocking-joy-global-weakens-case-for-commodities-crash\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2011\\\/12\\\/22\\\/destocking-to-restocking-joy-global-weakens-case-for-commodities-crash\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2011\\\/12\\\/111219_JOY.png\",\"datePublished\":\"2011-12-23T02:02:33+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2011\\\/12\\\/22\\\/destocking-to-restocking-joy-global-weakens-case-for-commodities-crash\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2011\\\/12\\\/22\\\/destocking-to-restocking-joy-global-weakens-case-for-commodities-crash\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2011\\\/12\\\/22\\\/destocking-to-restocking-joy-global-weakens-case-for-commodities-crash\\\/#primaryimage\",\"url\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2011\\\/12\\\/111219_JOY.png\",\"contentUrl\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2011\\\/12\\\/111219_JOY.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2011\\\/12\\\/22\\\/destocking-to-restocking-joy-global-weakens-case-for-commodities-crash\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"From Destocking to Restocking, Joy Global Weakens Case for a Commodities Crash\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#website\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/\",\"name\":\"ONE-TWENTY TWO: Trading Financial Markets\",\"description\":\"Exploring the poetry in financial markets for students of money and economy since the year 2000.\",\"publisher\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":[\"Person\",\"Organization\"],\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\",\"name\":\"Dr. Duru\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\",\"contentUrl\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\",\"width\":900,\"height\":100,\"caption\":\"Dr. Duru\"},\"logo\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\"},\"sameAs\":[\"http:\\\/\\\/www.drduru.com\\\/onetwentytwo\",\"https:\\\/\\\/www.instagram.com\\\/drduru_market_breadth\\\/\",\"https:\\\/\\\/x.com\\\/drduru\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"From Destocking to Restocking, Joy Global Weakens Case for a Commodities Crash - ONE-TWENTY TWO: Trading Financial Markets","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/drduru.com\/onetwentytwo\/2011\/12\/22\/destocking-to-restocking-joy-global-weakens-case-for-commodities-crash\/","og_locale":"en_US","og_type":"article","og_title":"From Destocking to Restocking, Joy Global Weakens Case for a Commodities Crash - ONE-TWENTY TWO: Trading Financial Markets","og_description":"This is an excerpt from an article I originally published on Seeking Alpha on December 20, 2011. Click here to read the entire piece.) Last week, Joy Global (JOY) reported its fourth quarter and 2011 operating results and provided some valuable details on the outlook for commodities in 2012. JOY blames inventory destocking for the ... Read more","og_url":"https:\/\/drduru.com\/onetwentytwo\/2011\/12\/22\/destocking-to-restocking-joy-global-weakens-case-for-commodities-crash\/","og_site_name":"ONE-TWENTY TWO: Trading Financial Markets","article_published_time":"2011-12-23T02:02:33+00:00","og_image":[{"url":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2011\/12\/111219_JOY.png","type":"","width":"","height":""}],"author":"Dr. Duru","twitter_card":"summary_large_image","twitter_creator":"@drduru","twitter_site":"@drduru","twitter_misc":{"Written by":"Dr. Duru","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/drduru.com\/onetwentytwo\/2011\/12\/22\/destocking-to-restocking-joy-global-weakens-case-for-commodities-crash\/#article","isPartOf":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2011\/12\/22\/destocking-to-restocking-joy-global-weakens-case-for-commodities-crash\/"},"author":{"name":"Dr. Duru","@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"headline":"From Destocking to Restocking, Joy Global Weakens Case for a Commodities Crash","datePublished":"2011-12-23T02:02:33+00:00","mainEntityOfPage":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2011\/12\/22\/destocking-to-restocking-joy-global-weakens-case-for-commodities-crash\/"},"wordCount":407,"commentCount":0,"publisher":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"image":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2011\/12\/22\/destocking-to-restocking-joy-global-weakens-case-for-commodities-crash\/#primaryimage"},"thumbnailUrl":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2011\/12\/111219_JOY.png","keywords":["CAT","Caterpillar Inc","Europe","JOY","Joy Global","JOYG","mining equipment","monetary policy"],"articleSection":["China","Commodities","Earnings"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/drduru.com\/onetwentytwo\/2011\/12\/22\/destocking-to-restocking-joy-global-weakens-case-for-commodities-crash\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/drduru.com\/onetwentytwo\/2011\/12\/22\/destocking-to-restocking-joy-global-weakens-case-for-commodities-crash\/","url":"https:\/\/drduru.com\/onetwentytwo\/2011\/12\/22\/destocking-to-restocking-joy-global-weakens-case-for-commodities-crash\/","name":"From Destocking to Restocking, Joy Global Weakens Case for a Commodities Crash - ONE-TWENTY TWO: Trading Financial Markets","isPartOf":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#website"},"primaryImageOfPage":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2011\/12\/22\/destocking-to-restocking-joy-global-weakens-case-for-commodities-crash\/#primaryimage"},"image":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2011\/12\/22\/destocking-to-restocking-joy-global-weakens-case-for-commodities-crash\/#primaryimage"},"thumbnailUrl":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2011\/12\/111219_JOY.png","datePublished":"2011-12-23T02:02:33+00:00","breadcrumb":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2011\/12\/22\/destocking-to-restocking-joy-global-weakens-case-for-commodities-crash\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/drduru.com\/onetwentytwo\/2011\/12\/22\/destocking-to-restocking-joy-global-weakens-case-for-commodities-crash\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/drduru.com\/onetwentytwo\/2011\/12\/22\/destocking-to-restocking-joy-global-weakens-case-for-commodities-crash\/#primaryimage","url":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2011\/12\/111219_JOY.png","contentUrl":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2011\/12\/111219_JOY.png"},{"@type":"BreadcrumbList","@id":"https:\/\/drduru.com\/onetwentytwo\/2011\/12\/22\/destocking-to-restocking-joy-global-weakens-case-for-commodities-crash\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/drduru.com\/onetwentytwo\/"},{"@type":"ListItem","position":2,"name":"From Destocking to Restocking, Joy Global Weakens Case for a Commodities Crash"}]},{"@type":"WebSite","@id":"https:\/\/drduru.com\/onetwentytwo\/#website","url":"https:\/\/drduru.com\/onetwentytwo\/","name":"ONE-TWENTY TWO: Trading Financial Markets","description":"Exploring the poetry in financial markets for students of money and economy since the year 2000.","publisher":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/drduru.com\/onetwentytwo\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":["Person","Organization"],"@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0","name":"Dr. Duru","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg","url":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg","contentUrl":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg","width":900,"height":100,"caption":"Dr. Duru"},"logo":{"@id":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg"},"sameAs":["http:\/\/www.drduru.com\/onetwentytwo","https:\/\/www.instagram.com\/drduru_market_breadth\/","https:\/\/x.com\/drduru"]}]}},"_links":{"self":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/8818","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/comments?post=8818"}],"version-history":[{"count":39,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/8818\/revisions"}],"predecessor-version":[{"id":8883,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/8818\/revisions\/8883"}],"wp:attachment":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/media?parent=8818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/categories?post=8818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/tags?post=8818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}