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	<title>Market Melange</title>
	
	<link>http://www.market-melange.com</link>
	<description>... ahead of the curve of financial market commentary</description>
	<lastBuildDate>Thu, 29 Jul 2010 23:59:35 +0000</lastBuildDate>
	<language>en</language>
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		<title>What Saved Europe?</title>
		<link>http://feedproxy.google.com/~r/marketmelange/~3/47t1W-buVt8/</link>
		<comments>http://www.market-melange.com/2010/07/30/what-saved-europe/#comments</comments>
		<pubDate>Thu, 29 Jul 2010 23:54:20 +0000</pubDate>
		<dc:creator>Dino Sola</dc:creator>
				<category><![CDATA[MACRO & ASSET ALLOCATION]]></category>
		<category><![CDATA[bazooka]]></category>
		<category><![CDATA[Euribor]]></category>
		<category><![CDATA[European banks]]></category>
		<category><![CDATA[Greece]]></category>
		<category><![CDATA[Ireland]]></category>
		<category><![CDATA[PIGS European Stabilization Mechanism]]></category>
		<category><![CDATA[Portugal]]></category>
		<category><![CDATA[Spain]]></category>
		<category><![CDATA[stress tests]]></category>

		<guid isPermaLink="false">http://www.market-melange.com/?p=5600</guid>
		
			<content:encoded><![CDATA[An analysis of the rebound in European government bonds and bank shares. The European Bank Stress Tests have worked a miracle. After narrowly avoiding disintegration, dismemberment and incineration a few months ago (see The Death of the European Dream, by Gideon Rachman on May 17), Europe is now out of the woods – or so [...]<br/>
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		<slash:comments>0</slash:comments>
		<feedburner:origLink>http://www.market-melange.com/2010/07/30/what-saved-europe/</feedburner:origLink></item>
		<item>
		<title>Photovoltaic Solar Energy: tech update</title>
		<link>http://feedproxy.google.com/~r/marketmelange/~3/30epmCxdTvA/</link>
		<comments>http://www.market-melange.com/2010/07/28/photovoltaic-solar-energy-tech-update/#comments</comments>
		<pubDate>Wed, 28 Jul 2010 11:45:55 +0000</pubDate>
		<dc:creator>Jürgen Janssens</dc:creator>
				<category><![CDATA[ENERGY & COMMODITIES]]></category>
		<category><![CDATA[nanonets]]></category>
		<category><![CDATA[nanopillars]]></category>
		<category><![CDATA[photovoltaic energy]]></category>
		<category><![CDATA[photovoltaic power]]></category>
		<category><![CDATA[solar cells]]></category>
		<category><![CDATA[solar energy]]></category>
		<category><![CDATA[Solar Power]]></category>

		<guid isPermaLink="false">http://www.market-melange.com/?p=5478</guid>
		
			<content:encoded><![CDATA[The technology sector is expected to be close to a significant growth period again. With peaking summer, what other technology could be worth a deeper look than solar photovoltaic? An update on some of the latest evolutions.<br/>
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		<slash:comments>0</slash:comments>
		<feedburner:origLink>http://www.market-melange.com/2010/07/28/photovoltaic-solar-energy-tech-update/</feedburner:origLink></item>
		<item>
		<title>MM Book Review: The Pinch by David Willetts</title>
		<link>http://feedproxy.google.com/~r/marketmelange/~3/BvDGGXJlgis/</link>
		<comments>http://www.market-melange.com/2010/07/27/mm-book-review-the-pinch-by-david-willetts-2/#comments</comments>
		<pubDate>Tue, 27 Jul 2010 18:22:52 +0000</pubDate>
		<dc:creator>James Beadle</dc:creator>
				<category><![CDATA[MACRO & ASSET ALLOCATION]]></category>
		<category><![CDATA[baby boomers]]></category>
		<category><![CDATA[population economics]]></category>
		<category><![CDATA[post modern democracy]]></category>
		<category><![CDATA[The Pinch]]></category>
		<category><![CDATA[UK demographics]]></category>
		<category><![CDATA[UK sociology]]></category>

		<guid isPermaLink="false">http://www.market-melange.com/?p=5573</guid>
		
			<content:encoded><![CDATA[Tell a person nearing retirement in a western democracy that you are reading a book called “The Pinch” with the subtitle “How the baby boomers took their children&#8217;s future – and why they should give it back” and the reaction may not be too cheerful. Tell many others that it is a book of less [...]<br/>
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		<slash:comments>0</slash:comments>
		<feedburner:origLink>http://www.market-melange.com/2010/07/27/mm-book-review-the-pinch-by-david-willetts-2/</feedburner:origLink></item>
		<item>
		<title>S&amp;P 500 Earnings: Good so Far, but Macro Wins Again</title>
		<link>http://feedproxy.google.com/~r/marketmelange/~3/ZuTjhD2juVU/</link>
		<comments>http://www.market-melange.com/2010/07/27/sp-500-earnings-good-so-far-but-macro-wins-again/#comments</comments>
		<pubDate>Tue, 27 Jul 2010 00:02:11 +0000</pubDate>
		<dc:creator>Dino Sola</dc:creator>
				<category><![CDATA[MACRO & ASSET ALLOCATION]]></category>
		<category><![CDATA[Ben Bernanke]]></category>
		<category><![CDATA[deflation]]></category>
		<category><![CDATA[Intel]]></category>
		<category><![CDATA[Jeremy Siegel]]></category>
		<category><![CDATA[operating earnings versus GAAP earnings]]></category>
		<category><![CDATA[S&P 500]]></category>
		<category><![CDATA[S&P 500 earnings]]></category>
		<category><![CDATA[top line growth]]></category>
		<category><![CDATA[US 10 year yield]]></category>

		<guid isPermaLink="false">http://www.market-melange.com/?p=5537</guid>
		
			<content:encoded><![CDATA[The macroeconomic outlook in the US is widely recognized to be cloudy. Despite bazooka-power stimulus, the economy has not rebounded as strongly as it usually does after a recession, and most of the stimulus is behind us.  Even Federal Reserve chairman Ben Bernanke acknowledged this much in his now-famous “unusually uncertain” semiannual testimony to Congress [...]<br/>
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		<slash:comments>1</slash:comments>
		<feedburner:origLink>http://www.market-melange.com/2010/07/27/sp-500-earnings-good-so-far-but-macro-wins-again/</feedburner:origLink></item>
		<item>
		<title>Outlook &amp; Review 26 July 2010</title>
		<link>http://feedproxy.google.com/~r/marketmelange/~3/dQzftZ6vIJQ/</link>
		<comments>http://www.market-melange.com/2010/07/25/outlook-review-26-july-2010/#comments</comments>
		<pubDate>Sun, 25 Jul 2010 18:37:42 +0000</pubDate>
		<dc:creator>James Beadle</dc:creator>
				<category><![CDATA[OUTLOOK & REVIEW]]></category>
		<category><![CDATA[Apple]]></category>
		<category><![CDATA[Bank of America]]></category>
		<category><![CDATA[Bernanke testimony]]></category>
		<category><![CDATA[equities rally]]></category>
		<category><![CDATA[European stress test]]></category>
		<category><![CDATA[Fed employment data]]></category>
		<category><![CDATA[FOMC employment projection]]></category>
		<category><![CDATA[US earnings]]></category>

		<guid isPermaLink="false">http://www.market-melange.com/?p=5485</guid>
		
			<content:encoded><![CDATA[Hope defeats despair? For the moment. Markets succeeded in climbing the wall of worry last week. The S&#38;P 500 Index rose 3.6% over the week and the MSCI Emerging Market Index rose 3.4%, the US ten year yield rose (only) 3 bps and the EMBI spread tightened by 24 bps. As we&#8217;ve had noted, there [...]<br/>
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		<slash:comments>2</slash:comments>
		<feedburner:origLink>http://www.market-melange.com/2010/07/25/outlook-review-26-july-2010/</feedburner:origLink></item>
		<item>
		<title>Will Armajaro’s Choc Finger Make Money     by Cornering the Cocoa Market?</title>
		<link>http://feedproxy.google.com/~r/marketmelange/~3/9lHVaoe6ikc/</link>
		<comments>http://www.market-melange.com/2010/07/25/will-armajaro%e2%80%99s-choc-finger-make-money-by-cornering-the-cocoa-market/#comments</comments>
		<pubDate>Sun, 25 Jul 2010 00:00:30 +0000</pubDate>
		<dc:creator>Dino Sola</dc:creator>
				<category><![CDATA[ENERGY & COMMODITIES]]></category>
		<category><![CDATA[Armajaro]]></category>
		<category><![CDATA[Choc Finger]]></category>
		<category><![CDATA[cocoa futures]]></category>
		<category><![CDATA[cornering the market]]></category>
		<category><![CDATA[law of supply and demand]]></category>
		<category><![CDATA[Liffe]]></category>
		<category><![CDATA[Risk-on trade]]></category>

		<guid isPermaLink="false">http://www.market-melange.com/?p=5472</guid>
		
			<content:encoded><![CDATA[““My God! The Dukes are going to corner the entire frozen orange juice market!” The 1983 comedy Trading Places with Eddie Murphy and Dan Aykroyd is fictional, but observers of the so-called soft commodities markets might spot the parallel.” Earlier this month the press reported that at the end of trading on Thursday, July 15 [...]<br/>
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[This is a content summary only. Visit the website for full links, other content, and more! ]]]></content:encoded>
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		<slash:comments>0</slash:comments>
		<feedburner:origLink>http://www.market-melange.com/2010/07/25/will-armajaro%e2%80%99s-choc-finger-make-money-by-cornering-the-cocoa-market/</feedburner:origLink></item>
		<item>
		<title>BP oil spill: Q2 and lessons learned</title>
		<link>http://feedproxy.google.com/~r/marketmelange/~3/MwBFPvy4qkM/</link>
		<comments>http://www.market-melange.com/2010/07/22/bp-oil-spill-q2-and-lessons-learned/#comments</comments>
		<pubDate>Thu, 22 Jul 2010 15:40:26 +0000</pubDate>
		<dc:creator>Jürgen Janssens</dc:creator>
				<category><![CDATA[ENERGY & COMMODITIES]]></category>
		<category><![CDATA[bp]]></category>
		<category><![CDATA[BP Q2 2010]]></category>
		<category><![CDATA[deepwater drilling]]></category>
		<category><![CDATA[Deepwater Horizon]]></category>
		<category><![CDATA[energy]]></category>
		<category><![CDATA[lessons learned BP]]></category>
		<category><![CDATA[Oil Spill]]></category>

		<guid isPermaLink="false">http://www.market-melange.com/?p=5451</guid>
		
			<content:encoded><![CDATA[BP will announce its Q2 results on July 27.The perfect moment to go through some lessons learned that go beyond the official statements...<br/>
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		<feedburner:origLink>http://www.market-melange.com/2010/07/22/bp-oil-spill-q2-and-lessons-learned/</feedburner:origLink></item>
		<item>
		<title>Wall Street Reform and Financial Stability II. A Case Study of the Crisis at AIG</title>
		<link>http://feedproxy.google.com/~r/marketmelange/~3/3fF129UneQs/</link>
		<comments>http://www.market-melange.com/2010/07/22/wall-street-reform-and-financial-stability-part-ii-a-case-study-of-the-crisis-at-aig/#comments</comments>
		<pubDate>Thu, 22 Jul 2010 04:35:59 +0000</pubDate>
		<dc:creator>Dino Sola</dc:creator>
				<category><![CDATA[BEHAVIOURAL FINANCE]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[Collateralization]]></category>
		<category><![CDATA[Credi default swaps]]></category>
		<category><![CDATA[FCIC]]></category>
		<category><![CDATA[Financial Crisis Inquiry Commission]]></category>
		<category><![CDATA[GAIM]]></category>
		<category><![CDATA[Lehman Brothers]]></category>
		<category><![CDATA[the Dodd-Frank Wall Street Reform and Consumer Protection Act]]></category>
		<category><![CDATA[Too big to fail]]></category>
		<category><![CDATA[Volcker Rule]]></category>

		<guid isPermaLink="false">http://www.market-melange.com/?p=5431</guid>
		
			<content:encoded><![CDATA[Mr. Taleb thinks that asking people to use common sense is like asking them to stop their heart beat (impossible). Yet, not all people who had a prominent role in the financial crisis lacked common sense. The problem was that several people who failed to exercise common sense were in positions of great power. Some [...]<br/>
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		<item>
		<title>Wall Street Reform and Financial Stability I. A Case Study of the Crisis at AIG</title>
		<link>http://feedproxy.google.com/~r/marketmelange/~3/WXUxwf7yL48/</link>
		<comments>http://www.market-melange.com/2010/07/20/wall-street-reform-and-financial-stability/#comments</comments>
		<pubDate>Tue, 20 Jul 2010 00:36:02 +0000</pubDate>
		<dc:creator>Dino Sola</dc:creator>
				<category><![CDATA[MACRO & ASSET ALLOCATION]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[Credi default swaps]]></category>
		<category><![CDATA[FCIC]]></category>
		<category><![CDATA[Financial Crisis Inquiry Commission]]></category>
		<category><![CDATA[the Dodd-Frank Wall Street Reform and Consumer Protection Act]]></category>
		<category><![CDATA[Too big to fail]]></category>
		<category><![CDATA[Volcker Rule]]></category>

		<guid isPermaLink="false">http://www.market-melange.com/?p=5413</guid>
		
			<content:encoded><![CDATA[The new financial overhaul bill is in. Officially called the Dodd-Frank Wall Street Reform and Consumer Protection Act, it has already been criticized for a variety of reasons: it is too long (at 2,300 pages; the Glass-Steagall Act was 34 pages) yet not comprehensive enough (it says nothing about Fannie and Freddie); it will give [...]<br/>
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[This is a content summary only. Visit the website for full links, other content, and more! ]]]></content:encoded>
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		<slash:comments>3</slash:comments>
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		<title>Outlook &amp; Review 19 July 2010</title>
		<link>http://feedproxy.google.com/~r/marketmelange/~3/F844VrEZDzQ/</link>
		<comments>http://www.market-melange.com/2010/07/18/outlook-review-19-july-2010/#comments</comments>
		<pubDate>Sun, 18 Jul 2010 20:29:54 +0000</pubDate>
		<dc:creator>James Beadle</dc:creator>
				<category><![CDATA[OUTLOOK & REVIEW]]></category>
		<category><![CDATA[Bernanke testimony]]></category>
		<category><![CDATA[economic slowdown]]></category>
		<category><![CDATA[Goldman research]]></category>
		<category><![CDATA[US earnings]]></category>

		<guid isPermaLink="false">http://www.market-melange.com/?p=5398</guid>
		
			<content:encoded><![CDATA[Pause for thought? The S&#38;P 500 slumped almost 3% on Friday, having risen in preceding sessions. Ultimately, it closed the week off by 1.2%. It&#8217;s too early to call the top of the counter rally that started two weeks ago, but there are some worrying similarities to the recent fall, which also started despite a [...]<br/>
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		<slash:comments>1</slash:comments>
		<feedburner:origLink>http://www.market-melange.com/2010/07/18/outlook-review-19-july-2010/</feedburner:origLink></item>
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