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	<title>Deep Thoughts by Professor Pinch</title>
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		<title>Deep Thoughts by Professor Pinch</title>
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		<title>About This Space&#8230;</title>
		<link>https://professorpinch.wordpress.com/2010/08/02/about-this-space/</link>
					<comments>https://professorpinch.wordpress.com/2010/08/02/about-this-space/#comments</comments>
		
		<dc:creator><![CDATA[professorpinch]]></dc:creator>
		<pubDate>Tue, 03 Aug 2010 02:25:17 +0000</pubDate>
				<category><![CDATA[About me]]></category>
		<category><![CDATA[Way Forward]]></category>
		<category><![CDATA[blogging]]></category>
		<category><![CDATA[Davian Letter]]></category>
		<category><![CDATA[macro]]></category>
		<category><![CDATA[Markets]]></category>
		<category><![CDATA[mental diarrhea]]></category>
		<category><![CDATA[Minyanville]]></category>
		<category><![CDATA[STHU memos]]></category>
		<category><![CDATA[what's next]]></category>
		<guid isPermaLink="false">http://professorpinch.wordpress.com/?p=2307</guid>

					<description><![CDATA[I might as well say it here, even though it has been on Twitter while I was on vacation. My macroeconomic goodness is moving to The Davian Letter and Minyanville.  So I guess I know who my two readers were: &#8230; <a href="https://professorpinch.wordpress.com/2010/08/02/about-this-space/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		
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			<slash:comments>9</slash:comments>
		
		
		<post-id xmlns="com-wordpress:feed-additions:1">2307</post-id>
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		<title>Forgetting Faux Stress Tests, Reclaiming Experience and Possibly Ourselves</title>
		<link>https://professorpinch.wordpress.com/2010/07/23/forgetting-faux-stress-tests-reclaiming-experience-and-possibly-ourselves/</link>
					<comments>https://professorpinch.wordpress.com/2010/07/23/forgetting-faux-stress-tests-reclaiming-experience-and-possibly-ourselves/#comments</comments>
		
		<dc:creator><![CDATA[professorpinch]]></dc:creator>
		<pubDate>Sat, 24 Jul 2010 02:46:10 +0000</pubDate>
				<category><![CDATA[About me]]></category>
		<category><![CDATA[government]]></category>
		<category><![CDATA[Markets]]></category>
		<category><![CDATA[Way Forward]]></category>
		<category><![CDATA[bank stress tests]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[beach]]></category>
		<category><![CDATA[central banks]]></category>
		<category><![CDATA[change your latitude and change your attitude]]></category>
		<category><![CDATA[kure beach]]></category>
		<guid isPermaLink="false">http://professorpinch.wordpress.com/?p=2295</guid>

					<description><![CDATA[Today was some day.  While I&#8217;m on vacation, the release of the European bank stress tests was a big enough event for me to at least keep tabs on while I was away&#8230; And then came the leaks.  What was &#8230; <a href="https://professorpinch.wordpress.com/2010/07/23/forgetting-faux-stress-tests-reclaiming-experience-and-possibly-ourselves/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		
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			<slash:comments>5</slash:comments>
		
		
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		<item>
		<title>In Other News</title>
		<link>https://professorpinch.wordpress.com/2010/07/21/in-other-news/</link>
					<comments>https://professorpinch.wordpress.com/2010/07/21/in-other-news/#respond</comments>
		
		<dc:creator><![CDATA[professorpinch]]></dc:creator>
		<pubDate>Thu, 22 Jul 2010 03:44:33 +0000</pubDate>
				<category><![CDATA[About me]]></category>
		<category><![CDATA[Markets]]></category>
		<category><![CDATA[Way Forward]]></category>
		<category><![CDATA[beach]]></category>
		<category><![CDATA[change your latitude and change your attitude]]></category>
		<category><![CDATA[I'd rather be surfing]]></category>
		<category><![CDATA[kure beach]]></category>
		<category><![CDATA[re-centering]]></category>
		<category><![CDATA[reconnecting]]></category>
		<category><![CDATA[surfing]]></category>
		<category><![CDATA[vacation]]></category>
		<guid isPermaLink="false">http://professorpinch.wordpress.com/?p=2288</guid>

					<description><![CDATA[I know Bernanke spoke today.  Frankly, I don&#8217;t care at the moment.  He said what he said, the market reacted the way it reacted to that message.  I&#8217;ll get back to that soon enough. But for now, the biggest going &#8230; <a href="https://professorpinch.wordpress.com/2010/07/21/in-other-news/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		
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			<slash:comments>0</slash:comments>
		
		
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			<media:title type="html">professorpinch</media:title>
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			<media:title type="html">IMAG0072</media:title>
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			<media:title type="html">IMAG0073</media:title>
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			<media:title type="html">IMAG0074</media:title>
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	</item>
		<item>
		<title>Going Coastal</title>
		<link>https://professorpinch.wordpress.com/2010/07/21/going-coastal/</link>
					<comments>https://professorpinch.wordpress.com/2010/07/21/going-coastal/#respond</comments>
		
		<dc:creator><![CDATA[professorpinch]]></dc:creator>
		<pubDate>Wed, 21 Jul 2010 11:24:14 +0000</pubDate>
				<category><![CDATA[About me]]></category>
		<category><![CDATA[Way Forward]]></category>
		<category><![CDATA[beach]]></category>
		<category><![CDATA[coastal]]></category>
		<category><![CDATA[family]]></category>
		<category><![CDATA[finance]]></category>
		<category><![CDATA[I'd rather be surfing]]></category>
		<category><![CDATA[Markets]]></category>
		<category><![CDATA[re-centering]]></category>
		<category><![CDATA[reconnecting]]></category>
		<category><![CDATA[surfing]]></category>
		<category><![CDATA[vacation]]></category>
		<guid isPermaLink="false">http://professorpinch.wordpress.com/?p=2284</guid>

					<description><![CDATA[I just wanted to take a brief moment and inform all three of my readers (myself included) I am going to be taking a break from the normal financial and macro-related fare you find on this piece of blog.  I&#8217;ll &#8230; <a href="https://professorpinch.wordpress.com/2010/07/21/going-coastal/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		
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			<slash:comments>0</slash:comments>
		
		
		<post-id xmlns="com-wordpress:feed-additions:1">2284</post-id>
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		<item>
		<title>Whether It&#8217;s Euribor or Libor, It&#8217;s All IBOR All the Time</title>
		<link>https://professorpinch.wordpress.com/2010/07/20/euribor-or-libor-its-all-ibor-all-the-time/</link>
					<comments>https://professorpinch.wordpress.com/2010/07/20/euribor-or-libor-its-all-ibor-all-the-time/#comments</comments>
		
		<dc:creator><![CDATA[professorpinch]]></dc:creator>
		<pubDate>Tue, 20 Jul 2010 12:00:42 +0000</pubDate>
				<category><![CDATA[finance]]></category>
		<category><![CDATA[government]]></category>
		<category><![CDATA[International]]></category>
		<category><![CDATA[macro]]></category>
		<category><![CDATA[Markets]]></category>
		<category><![CDATA[Monetary]]></category>
		<category><![CDATA[risk management]]></category>
		<category><![CDATA[Way Forward]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[credit]]></category>
		<category><![CDATA[credit crunch]]></category>
		<category><![CDATA[credit risk]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[deflation]]></category>
		<category><![CDATA[dollar]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Euribor]]></category>
		<category><![CDATA[Euribor curve]]></category>
		<category><![CDATA[Euro]]></category>
		<category><![CDATA[Eurozone]]></category>
		<category><![CDATA[EURUSD]]></category>
		<category><![CDATA[interest rates]]></category>
		<category><![CDATA[LIBOR]]></category>
		<category><![CDATA[liquidity]]></category>
		<guid isPermaLink="false">http://professorpinch.wordpress.com/?p=2268</guid>

					<description><![CDATA[I wanted to expand on the issue going on in Europe with respect to funding.  I&#8217;ve been contending the situation is getting worse, not better.  And as a result, we&#8217;re seeing a blow-off coming in the Euro, which in spite &#8230; <a href="https://professorpinch.wordpress.com/2010/07/20/euribor-or-libor-its-all-ibor-all-the-time/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		
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			<slash:comments>1</slash:comments>
		
		
		<post-id xmlns="com-wordpress:feed-additions:1">2268</post-id>
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			<media:title type="html">professorpinch</media:title>
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		<media:content url="https://professorpinch.wordpress.com/wp-content/uploads/2010/07/dollar-euro-libor-spreads-1-25-10-to-7-16-10.png?w=300" medium="image">
			<media:title type="html">Dollar Euro LIBOR Spreads 1-25-10 to 7-16-10</media:title>
		</media:content>

		<media:content url="https://professorpinch.wordpress.com/wp-content/uploads/2010/07/libor.png?w=300" medium="image">
			<media:title type="html">Libor</media:title>
		</media:content>

		<media:content url="https://professorpinch.wordpress.com/wp-content/uploads/2010/07/eurusd-7-19-10.png?w=300" medium="image">
			<media:title type="html">EURUSD 7-19-10</media:title>
		</media:content>

		<media:content url="https://professorpinch.wordpress.com/wp-content/uploads/2010/07/eurusd-7-19-102.png?w=300" medium="image">
			<media:title type="html">EURUSD 7-19-10(2)</media:title>
		</media:content>

		<media:content url="https://professorpinch.wordpress.com/wp-content/uploads/2010/07/euro-libor-spread-to-dollar-libor-5-28-to-6-22.png?w=300" medium="image">
			<media:title type="html">Euro LIBOR spread to Dollar LIBOR 5-28 to 6-22</media:title>
		</media:content>

		<media:content url="https://professorpinch.wordpress.com/wp-content/uploads/2010/07/euribor.png?w=300" medium="image">
			<media:title type="html">Euribor</media:title>
		</media:content>

		<media:content url="https://professorpinch.wordpress.com/wp-content/uploads/2010/07/euribor-euro-libor-spreads-thru-time.png?w=300" medium="image">
			<media:title type="html">Euribor - Euro Libor Spreads thru time</media:title>
		</media:content>

		<media:content url="https://professorpinch.wordpress.com/wp-content/uploads/2010/07/euribor-euro-libor-spreads-term-structure.png?w=300" medium="image">
			<media:title type="html">Euribor - Euro Libor Spreads Term Structure</media:title>
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		<item>
		<title>Libor and the Bataan Death March for European Banks</title>
		<link>https://professorpinch.wordpress.com/2010/07/19/libor-and-the-bataan-death-march-for-european-banks/</link>
					<comments>https://professorpinch.wordpress.com/2010/07/19/libor-and-the-bataan-death-march-for-european-banks/#respond</comments>
		
		<dc:creator><![CDATA[professorpinch]]></dc:creator>
		<pubDate>Mon, 19 Jul 2010 12:57:51 +0000</pubDate>
				<category><![CDATA[finance]]></category>
		<category><![CDATA[International]]></category>
		<category><![CDATA[macro]]></category>
		<category><![CDATA[Markets]]></category>
		<category><![CDATA[Monetary]]></category>
		<category><![CDATA[risk management]]></category>
		<category><![CDATA[Way Forward]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[credit]]></category>
		<category><![CDATA[credit crunch]]></category>
		<category><![CDATA[credit risk]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[deflation]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[interest rates]]></category>
		<category><![CDATA[LIBOR]]></category>
		<category><![CDATA[liquidity]]></category>
		<category><![CDATA[macroeconomics]]></category>
		<guid isPermaLink="false">http://professorpinch.wordpress.com/?p=2258</guid>

					<description><![CDATA[I&#8217;m a little late in getting this out, but the charts will speak for themselves: That was just the actual Euro Libor curve.  Here are two ways to look at Euro Libor funding relative to Dollar Libor: The pace of &#8230; <a href="https://professorpinch.wordpress.com/2010/07/19/libor-and-the-bataan-death-march-for-european-banks/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		
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			<slash:comments>0</slash:comments>
		
		
		<post-id xmlns="com-wordpress:feed-additions:1">2258</post-id>
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			<media:title type="html">professorpinch</media:title>
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		<media:content url="https://professorpinch.wordpress.com/wp-content/uploads/2010/07/euro-libor-weekly-7-16-10.png?w=300" medium="image">
			<media:title type="html">Euro LIBOR (weekly) 7-16-10</media:title>
		</media:content>

		<media:content url="https://professorpinch.wordpress.com/wp-content/uploads/2010/07/euro-libor-5-11-10-to-7-16-10.png?w=300" medium="image">
			<media:title type="html">Euro LIBOR 5-11-10 to 7-16-10</media:title>
		</media:content>

		<media:content url="https://professorpinch.wordpress.com/wp-content/uploads/2010/07/dollar-euro-libor-spread-term-structure-7-16-10.png?w=300" medium="image">
			<media:title type="html">Dollar Euro LIBOR Spread Term Structure 7-16-10</media:title>
		</media:content>

		<media:content url="https://professorpinch.wordpress.com/wp-content/uploads/2010/07/dollar-euro-libor-spreads-5-11-10-to-7-16-10.png?w=300" medium="image">
			<media:title type="html">Dollar Euro LIBOR Spreads 5-11-10 to 7-16-10</media:title>
		</media:content>

		<media:content url="https://professorpinch.wordpress.com/wp-content/uploads/2010/07/eurusd-7-19-10.png?w=300" medium="image">
			<media:title type="html">EURUSD 7-19-10</media:title>
		</media:content>
	</item>
		<item>
		<title>On Gold, Guns, Bread and Cadillacs&#8230;</title>
		<link>https://professorpinch.wordpress.com/2010/07/18/on-gold-guns-bread-and-cadillacs/</link>
					<comments>https://professorpinch.wordpress.com/2010/07/18/on-gold-guns-bread-and-cadillacs/#comments</comments>
		
		<dc:creator><![CDATA[professorpinch]]></dc:creator>
		<pubDate>Sun, 18 Jul 2010 14:00:26 +0000</pubDate>
				<category><![CDATA[finance]]></category>
		<category><![CDATA[macro]]></category>
		<category><![CDATA[Markets]]></category>
		<category><![CDATA[risk management]]></category>
		<category><![CDATA[central bank policy]]></category>
		<category><![CDATA[central banks]]></category>
		<category><![CDATA[commodities]]></category>
		<category><![CDATA[deflation]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[GLD]]></category>
		<category><![CDATA[gold]]></category>
		<category><![CDATA[investing]]></category>
		<category><![CDATA[liquidity]]></category>
		<category><![CDATA[macroeconomics]]></category>
		<category><![CDATA[metals]]></category>
		<guid isPermaLink="false">http://professorpinch.wordpress.com/?p=2253</guid>

					<description><![CDATA[Well, maybe not guns.  This isn&#8217;t that kind of post.  But I am going to talk about gold briefly.  One of the more interesting ways to think about the value of gold is its value in purchasing household items.  Because &#8230; <a href="https://professorpinch.wordpress.com/2010/07/18/on-gold-guns-bread-and-cadillacs/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		
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			<slash:comments>10</slash:comments>
		
		
		<post-id xmlns="com-wordpress:feed-additions:1">2253</post-id>
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			<media:title type="html">professorpinch</media:title>
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		<media:content url="https://professorpinch.wordpress.com/wp-content/uploads/2010/07/gld-daily-7-16-10.png?w=300" medium="image">
			<media:title type="html">GLD daily 7-16-10</media:title>
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		<item>
		<title>Minding the Gap: Potential Real GDP vs. Real GDP</title>
		<link>https://professorpinch.wordpress.com/2010/07/17/minding-the-gap-potential-real-gdp-vs-real-gdp/</link>
					<comments>https://professorpinch.wordpress.com/2010/07/17/minding-the-gap-potential-real-gdp-vs-real-gdp/#comments</comments>
		
		<dc:creator><![CDATA[professorpinch]]></dc:creator>
		<pubDate>Sat, 17 Jul 2010 14:00:28 +0000</pubDate>
				<category><![CDATA[government]]></category>
		<category><![CDATA[macro]]></category>
		<category><![CDATA[Way Forward]]></category>
		<category><![CDATA[Asian crisis]]></category>
		<category><![CDATA[Bloomberg Surveillance]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[GDP]]></category>
		<category><![CDATA[Japan]]></category>
		<category><![CDATA[Lost Decade]]></category>
		<category><![CDATA[output gap]]></category>
		<category><![CDATA[Thailand]]></category>
		<category><![CDATA[Tom Keene]]></category>
		<guid isPermaLink="false">http://professorpinch.wordpress.com/?p=2247</guid>

					<description><![CDATA[I was listening to Tom Keene Friday morning on Bloomberg Surveillance (a great show to listen to, by the way) and Tony Cresczenci was discussing the &#8220;output gap&#8221; or as I always thought of it, the difference between potential and &#8230; <a href="https://professorpinch.wordpress.com/2010/07/17/minding-the-gap-potential-real-gdp-vs-real-gdp/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		
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		<post-id xmlns="com-wordpress:feed-additions:1">2247</post-id>
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		<media:content url="https://professorpinch.wordpress.com/wp-content/uploads/2010/07/output-gap.png?w=300" medium="image">
			<media:title type="html">Output Gap</media:title>
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		<media:content url="https://professorpinch.wordpress.com/wp-content/uploads/2010/07/output-gap2.png?w=300" medium="image">
			<media:title type="html">Output Gap(2)</media:title>
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		<media:content url="https://professorpinch.wordpress.com/wp-content/uploads/2009/11/japan-gdp.png?w=300" medium="image">
			<media:title type="html">Japan GDP</media:title>
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		<media:content url="https://professorpinch.wordpress.com/wp-content/uploads/2009/11/thailand-gdp.png?w=300" medium="image">
			<media:title type="html">Thailand GDP</media:title>
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		<media:content url="https://professorpinch.wordpress.com/wp-content/uploads/2009/11/japan-unemployment.png?w=300" medium="image">
			<media:title type="html">Japan Unemployment</media:title>
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		<media:content url="https://professorpinch.wordpress.com/wp-content/uploads/2009/11/thailand-unemployment1.png?w=300" medium="image">
			<media:title type="html">Thailand Unemployment</media:title>
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		<title>Paul McCulley does Modern Monetary Theory &#124; Credit Writedowns &#8211; And My Thoughts</title>
		<link>https://professorpinch.wordpress.com/2010/07/15/paul-mcculley-does-modern-monetary-theory-credit-writedowns-and-my-thoughts/</link>
					<comments>https://professorpinch.wordpress.com/2010/07/15/paul-mcculley-does-modern-monetary-theory-credit-writedowns-and-my-thoughts/#comments</comments>
		
		<dc:creator><![CDATA[professorpinch]]></dc:creator>
		<pubDate>Thu, 15 Jul 2010 05:29:29 +0000</pubDate>
				<category><![CDATA[finance]]></category>
		<category><![CDATA[government]]></category>
		<category><![CDATA[International]]></category>
		<category><![CDATA[macro]]></category>
		<category><![CDATA[Markets]]></category>
		<category><![CDATA[Monetary]]></category>
		<category><![CDATA[risk management]]></category>
		<category><![CDATA[Way Forward]]></category>
		<category><![CDATA[credit risk]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[deflation]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[economy]]></category>
		<guid isPermaLink="false">http://professorpinch.wordpress.com/?p=2238</guid>

					<description><![CDATA[I&#8217;ve been trying to make sense of the macro landscape since, well, that&#8217;s just what I do.  One of the frameworks I&#8217;ve been trying to learn more about is Modern Monetary Theory, but I have to admit it has been &#8230; <a href="https://professorpinch.wordpress.com/2010/07/15/paul-mcculley-does-modern-monetary-theory-credit-writedowns-and-my-thoughts/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		
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		<post-id xmlns="com-wordpress:feed-additions:1">2238</post-id>
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		<title>I Guess I&#8217;ll Say it Here&#8230;: America&#8217;s Lost Decade</title>
		<link>https://professorpinch.wordpress.com/2010/07/14/i-guess-ill-say-it-here-americas-lost-decade/</link>
					<comments>https://professorpinch.wordpress.com/2010/07/14/i-guess-ill-say-it-here-americas-lost-decade/#comments</comments>
		
		<dc:creator><![CDATA[professorpinch]]></dc:creator>
		<pubDate>Wed, 14 Jul 2010 04:35:51 +0000</pubDate>
				<category><![CDATA[finance]]></category>
		<category><![CDATA[Markets]]></category>
		<category><![CDATA[risk management]]></category>
		<category><![CDATA[Way Forward]]></category>
		<category><![CDATA[equities]]></category>
		<category><![CDATA[investing]]></category>
		<category><![CDATA[portfolio management]]></category>
		<category><![CDATA[risk]]></category>
		<category><![CDATA[risk/reward]]></category>
		<guid isPermaLink="false">http://professorpinch.wordpress.com/?p=2236</guid>

					<description><![CDATA[Left this comment for Sean McLaughlin, but I thought I&#8217;d share it here as well (emphasis, mine): Sean, this is great.  Thanks for sharing.  As someone who focuses on long term/bigger picture timeframes as opposed to intraday, what your post &#8230; <a href="https://professorpinch.wordpress.com/2010/07/14/i-guess-ill-say-it-here-americas-lost-decade/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		
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