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<channel>
	<title>the paper boat</title>
	<atom:link href="http://paperboat.studiopod.com/feed/" rel="self" type="application/rss+xml" />
	<link>http://paperboat.studiopod.com</link>
	<description>an economics scrapbook</description>
	<lastBuildDate>Thu, 04 Jul 2013 16:37:36 +0000</lastBuildDate>
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		<title>A 4th Of July Message</title>
		<link>http://paperboat.studiopod.com/2013/07/04/celentes-4th-of-july-message/</link>
					<comments>http://paperboat.studiopod.com/2013/07/04/celentes-4th-of-july-message/#comments</comments>
		
		<dc:creator><![CDATA[jenny]]></dc:creator>
		<pubDate>Thu, 04 Jul 2013 15:52:55 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://paperboat.studiopod.com/?p=369</guid>

					<description><![CDATA[Too bad we the people who inspired so many with our stand for freedom and equality have fallen into subservience to the greed and tyranny of financial elites, a government that spies on us and a military that bullies and destroys innocent civilians around the globe for profit and dominance.  On this anniversary of the birth of our esteemed United States of America, trends forecaster Gerald Celente offers a few choice words to all the "two-bit freaks" running the show these days, as well as some practical advise for restoring the country to greatness.]]></description>
		
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			<slash:comments>2</slash:comments>
		
		
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		<item>
		<title>Forbes Shouts Out to The Paper Boat</title>
		<link>http://paperboat.studiopod.com/2013/01/12/forbes-shouts-out-to-the-paper-boat/</link>
					<comments>http://paperboat.studiopod.com/2013/01/12/forbes-shouts-out-to-the-paper-boat/#comments</comments>
		
		<dc:creator><![CDATA[jenny]]></dc:creator>
		<pubDate>Sat, 12 Jan 2013 17:51:12 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://paperboat.studiopod.com/?p=365</guid>

					<description><![CDATA[The Paper Boat set out for a leisurely float about the harbor one sunny day in August, when it just disappeared.  Some folks say something dark lay beneath the ocean's glassy surface that day, and the boat was pulled down. Some say it wandered too far from charted waters and was lost at sea, surfing the edge of the world before succumbing to the insidious grip of the mighty Kraken.  But news has just come in that our sturdy vessel has survived!  It has been spotted skipping waves amongst the trusted pages of Forbes Magazine!]]></description>
		
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			<slash:comments>1</slash:comments>
		
		
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		<item>
		<title>Housing Bull Crap</title>
		<link>http://paperboat.studiopod.com/2012/08/19/housing-bull-crap/</link>
					<comments>http://paperboat.studiopod.com/2012/08/19/housing-bull-crap/#comments</comments>
		
		<dc:creator><![CDATA[jenny]]></dc:creator>
		<pubDate>Sun, 19 Aug 2012 20:17:14 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://paperboat.studiopod.com/?p=354</guid>

					<description><![CDATA[A consensus seems to have formed in the press lately that the housing market has finally turned around and we are at last back in bull territory.  I tend to believe that such analysis is in bull territory, the sort of bull territory you wouldn't want to get your foot stuck in as you scramble across the pasture.  We may have already witnessed the most precarious price plunges in housing, but expect to see continued decline regionally, especially at the mid-to-high end of the market.]]></description>
		
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			<slash:comments>1</slash:comments>
		
		
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		<item>
		<title>The Derivatives Time Bomb</title>
		<link>http://paperboat.studiopod.com/2012/06/12/the-derivatives-time-bomb/</link>
					<comments>http://paperboat.studiopod.com/2012/06/12/the-derivatives-time-bomb/#comments</comments>
		
		<dc:creator><![CDATA[jenny]]></dc:creator>
		<pubDate>Tue, 12 Jun 2012 08:56:44 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://paperboat.studiopod.com/?p=350</guid>

					<description><![CDATA[We need to talk about derivatives.  The market has grown so unfathomably vast, the global economy is at risk of massive damage should even a small percentage of contracts go sour.  Its size and potential influence is difficult to just comprehend, let alone assess.  It is imperative, however, that we begin to understand derivatives, as they were at the heart of the housing bubble that brought the economy to its knees and they remain a looming danger in the world economy today.]]></description>
		
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			<slash:comments>1</slash:comments>
		
		
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		<title>Spain Implodes</title>
		<link>http://paperboat.studiopod.com/2012/04/12/spain-implodes/</link>
					<comments>http://paperboat.studiopod.com/2012/04/12/spain-implodes/#respond</comments>
		
		<dc:creator><![CDATA[jenny]]></dc:creator>
		<pubDate>Thu, 12 Apr 2012 15:58:09 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://paperboat.studiopod.com/?p=345</guid>

					<description><![CDATA[Last week Spanish Prime Minister, Mariano Rajoy, warned "Spain is facing an economic situation of extreme difficulty - I repeat: of extreme difficulty - and anyone who doesn't understand that is fooling themselves."  When the Prime Minister is willing to admit the state of affairs is extreme, we'd better take heed.]]></description>
		
					<wfw:commentRss>http://paperboat.studiopod.com/2012/04/12/spain-implodes/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
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		<item>
		<title>Economic Growth and Peak Energy Animated</title>
		<link>http://paperboat.studiopod.com/2012/03/02/economic-growth-and-peak-energy-animated/</link>
					<comments>http://paperboat.studiopod.com/2012/03/02/economic-growth-and-peak-energy-animated/#respond</comments>
		
		<dc:creator><![CDATA[jenny]]></dc:creator>
		<pubDate>Fri, 02 Mar 2012 19:26:04 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://paperboat.studiopod.com/?p=341</guid>

					<description><![CDATA[Great news, everybody!  The economy is growing again!  I'm sure you've heard the sunny stories coming out of the media recently.  Growth in the fourth quarter last year hit a 3 percent annualized rate.  Unfortunately, a smaller share than ever of that growth is reaching American workers but at least it's a start, right?  Oh, and when we look a little deeper into the numbers we can also see that excluding inventory building the economy actually grew at a 1.1 percent rate, which is a sharp downturn from the previous period.  But hey, I don't want to rain on the parade.  Now that the economy is... uh... growing, we need to take a hard look at the future of this growth.  What really is the fuel for economic growth, anyway?  Population growth.  And, what fuels population growth?  Oil.  So, what happens to growth as the oil runs out?]]></description>
		
					<wfw:commentRss>http://paperboat.studiopod.com/2012/03/02/economic-growth-and-peak-energy-animated/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
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		<item>
		<title>Greece Burns</title>
		<link>http://paperboat.studiopod.com/2012/02/13/greece-burns/</link>
					<comments>http://paperboat.studiopod.com/2012/02/13/greece-burns/#comments</comments>
		
		<dc:creator><![CDATA[jenny]]></dc:creator>
		<pubDate>Mon, 13 Feb 2012 22:38:50 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://paperboat.studiopod.com/?p=337</guid>

					<description><![CDATA[Here in Tinsel Town, Los Angeles, the headlines today are all about the Grammys and Whitney Houston's tragic but sadly unsurprisingly early demise.  Meanwhile, across the sea the Greek parliment fiddles as Athens burns.  Tens of thousands have taken to the streets to protest another round of newly approved austerity cuts to pensions, wages and living standards.]]></description>
		
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			<slash:comments>1</slash:comments>
		
		
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		<item>
		<title>Buy When They&#8217;re High &#8211; A Graphic</title>
		<link>http://paperboat.studiopod.com/2012/01/27/buy-when-theyre-high-a-graphic/</link>
					<comments>http://paperboat.studiopod.com/2012/01/27/buy-when-theyre-high-a-graphic/#respond</comments>
		
		<dc:creator><![CDATA[jenny]]></dc:creator>
		<pubDate>Fri, 27 Jan 2012 16:27:25 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://paperboat.studiopod.com/?p=333</guid>

					<description><![CDATA[I ran across a great chart this morning that clearly illustrates how the best time to buy a home is when mortgage interest rates are high.  This is important to understand in today's market, when the contrary notion that low interest rates offer some sort of rare savings opportunity is used so heavily in marketing homes and home-buying financial products.  This is a great time to refinance, but it is not a great time to buy a home.]]></description>
		
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			<slash:comments>0</slash:comments>
		
		
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		<item>
		<title>Predictions 2012</title>
		<link>http://paperboat.studiopod.com/2012/01/08/predictions-2012/</link>
					<comments>http://paperboat.studiopod.com/2012/01/08/predictions-2012/#respond</comments>
		
		<dc:creator><![CDATA[jenny]]></dc:creator>
		<pubDate>Sun, 08 Jan 2012 23:10:50 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://paperboat.studiopod.com/?p=329</guid>

					<description><![CDATA[The Paper Boat returns to open waters, after an extended holiday tied up at dock. Happy New Year to all! Let&#8217;s take a moment to look back at the events of the past year, and then we&#8217;ll move on to see what may be in store for the year ahead. Largely, we were right on [&#8230;]]]></description>
		
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			<slash:comments>0</slash:comments>
		
		
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		<item>
		<title>What The Seer Saw</title>
		<link>http://paperboat.studiopod.com/2011/11/07/what-the-seer-saw/</link>
					<comments>http://paperboat.studiopod.com/2011/11/07/what-the-seer-saw/#respond</comments>
		
		<dc:creator><![CDATA[jenny]]></dc:creator>
		<pubDate>Mon, 07 Nov 2011 22:34:38 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://paperboat.studiopod.com/?p=322</guid>

					<description><![CDATA[Today we slide The Paper Boat onto the river of time itself, and let the encircling waters carry us backward to the year 1995. Barack Obama has just published "Dreams from My Father" as he prepares to launch a career in politics, Monica Lewinsky is hired as an intern for President Bill Clinton at the White House, Coolio's Gangsta's Paradise graces US radios as the most popular song of the year, and Gerald Celente sits down to write about the coming populist demonstrations against Wall Street wealth and corruption... a decade and a half before they take actually place.]]></description>
		
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			<slash:comments>0</slash:comments>
		
		
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		<title>Occupy Occupy Wall Street</title>
		<link>http://paperboat.studiopod.com/2011/10/08/occupy-occupy-wall-street/</link>
					<comments>http://paperboat.studiopod.com/2011/10/08/occupy-occupy-wall-street/#respond</comments>
		
		<dc:creator><![CDATA[jenny]]></dc:creator>
		<pubDate>Sat, 08 Oct 2011 09:35:17 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://paperboat.studiopod.com/?p=319</guid>

					<description><![CDATA[There is a new group emerging amidst the throngs of the Occupy Wall Street protest in New York City. Â The OCCUPY Occupy Wall Street movement is still only very small, with only two members committed to the cause at this point, but activists Davram Stiefler and Jason Selvig are not deterred. Â They tell the Washington Post Â they are representing the 1%, because "we worked hard to get where we are, and these people seem like they are trying to take it away." Â Their advice to Occupy Wall Street protesters is to stop acting like victims and "go to business school."]]></description>
		
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			<slash:comments>0</slash:comments>
		
		
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		<title>Cartoon Communism</title>
		<link>http://paperboat.studiopod.com/2011/09/29/cartoon-communism/</link>
					<comments>http://paperboat.studiopod.com/2011/09/29/cartoon-communism/#comments</comments>
		
		<dc:creator><![CDATA[jenny]]></dc:creator>
		<pubDate>Fri, 30 Sep 2011 00:47:40 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://paperboat.studiopod.com/?p=317</guid>

					<description><![CDATA[After Obama's latest campaign fluffing effort - uh, I mean the jobs creation speech he delivered earlier this month - I thought it might be a good time to check out some alternative approaches to thinking about our current economic condition. In the spirit of cheap and fast book learnin,' The Paper Boat now presents a primer in Marxist theory with this entertaining introduction to The Communist Manifesto... delivered in less than eight and a half minutes of delightful cartoon fun!]]></description>
		
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			<slash:comments>1</slash:comments>
		
		
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		<item>
		<title>The Roof is On Fire</title>
		<link>http://paperboat.studiopod.com/2011/09/17/the-roof-is-on-fire/</link>
					<comments>http://paperboat.studiopod.com/2011/09/17/the-roof-is-on-fire/#comments</comments>
		
		<dc:creator><![CDATA[jenny]]></dc:creator>
		<pubDate>Sat, 17 Sep 2011 18:59:04 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://paperboat.studiopod.com/?p=313</guid>

					<description><![CDATA[Last month there was a story in the LA Times about a local artist who got into a bit of a row with officials over his inflammatory artistic vision. The guy was on the street working on an oil painting of a Chase Bank branch in Van Nuys... depicting a roof entirely engulfed in flames! Police were called out, and before the paint was dry on the canvas he found himself being questioned as a terrorist. Now he's back in the news. That painting just sold for $25,000 to a German collector.]]></description>
		
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			<slash:comments>1</slash:comments>
		
		
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		<item>
		<title>Cleaning Up the Meat Grinder</title>
		<link>http://paperboat.studiopod.com/2011/08/31/cleaning-up-the-meat-grinder/</link>
					<comments>http://paperboat.studiopod.com/2011/08/31/cleaning-up-the-meat-grinder/#respond</comments>
		
		<dc:creator><![CDATA[jenny]]></dc:creator>
		<pubDate>Thu, 01 Sep 2011 05:36:44 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://paperboat.studiopod.com/?p=304</guid>

					<description><![CDATA[What happens when the people in charge of coming up with a solution to the banking crisis are the same people who created the banking crisis in the first place? Let's take a peak into the kitchen on Capitol Hill to see what they're putting together now. Mmmmm... do I smell books cooking? It seems Washington, in all its glorious cronyism, is hard at work again helping the banking system mix up a final solution to the problem of mortgage backed security debt.]]></description>
		
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			<slash:comments>0</slash:comments>
		
		
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		<title>Hands Off the Housing Market!</title>
		<link>http://paperboat.studiopod.com/2011/07/27/hands-off-the-housing-market/</link>
					<comments>http://paperboat.studiopod.com/2011/07/27/hands-off-the-housing-market/#comments</comments>
		
		<dc:creator><![CDATA[jenny]]></dc:creator>
		<pubDate>Wed, 27 Jul 2011 07:34:30 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://paperboat.studiopod.com/?p=296</guid>

					<description><![CDATA[How long do we have to wait for housing prices to return to an affordable level?Â  I am incredibly frustrated by how slow the process is. Â Billions of tax dollars have been thrown at the housing market to prop up prices.Â  It has done nothing but slow price discovery and make the banking class richer.Â  It's as though no one cares there's a whole generation of young people with no foreseeable pathway to ever buying property of their own.Â  It is a terrible injustice.]]></description>
		
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			<slash:comments>1</slash:comments>
		
		
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		<title>Ten Cents a Dance</title>
		<link>http://paperboat.studiopod.com/2011/07/09/ten-cents-a-dance/</link>
					<comments>http://paperboat.studiopod.com/2011/07/09/ten-cents-a-dance/#respond</comments>
		
		<dc:creator><![CDATA[jenny]]></dc:creator>
		<pubDate>Sat, 09 Jul 2011 17:44:08 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://paperboat.studiopod.com/?p=280</guid>

					<description><![CDATA[My credit card company just sent me a check!Â  That's right.Â  I don't pay them; they pay me... and they'll pay you too if you're willing to dance.]]></description>
		
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			<slash:comments>0</slash:comments>
		
		
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		<title>Sowing the Seeds of War</title>
		<link>http://paperboat.studiopod.com/2011/06/03/sowing-the-seeds-of-war/</link>
					<comments>http://paperboat.studiopod.com/2011/06/03/sowing-the-seeds-of-war/#comments</comments>
		
		<dc:creator><![CDATA[jenny]]></dc:creator>
		<pubDate>Sat, 04 Jun 2011 03:25:55 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://paperboat.studiopod.com/?p=271</guid>

					<description><![CDATA[The United States is now in the midst of three wars... or maybe they're all just smaller parts of what is to become one big war. In any case, we have reason to be very concerned about where our leadership is taking us.]]></description>
		
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			<slash:comments>1</slash:comments>
		
		
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		<title>Rap Battle: Keynes vs Hayek</title>
		<link>http://paperboat.studiopod.com/2011/04/30/rap-battle-keynes-vs-hayek/</link>
					<comments>http://paperboat.studiopod.com/2011/04/30/rap-battle-keynes-vs-hayek/#respond</comments>
		
		<dc:creator><![CDATA[jenny]]></dc:creator>
		<pubDate>Sat, 30 Apr 2011 21:48:59 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://paperboat.studiopod.com/?p=268</guid>

					<description><![CDATA[John Maynard Keynes with the government crew; Hayek represents from the Austrian School; In a battle of principles now here engage; As tongues tie and fists fly in animal rage.]]></description>
		
					<wfw:commentRss>http://paperboat.studiopod.com/2011/04/30/rap-battle-keynes-vs-hayek/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
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		<title>Sliding Into A Double Dip</title>
		<link>http://paperboat.studiopod.com/2011/04/04/sliding-into-a-double-dip/</link>
					<comments>http://paperboat.studiopod.com/2011/04/04/sliding-into-a-double-dip/#comments</comments>
		
		<dc:creator><![CDATA[jenny]]></dc:creator>
		<pubDate>Mon, 04 Apr 2011 22:55:42 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://paperboat.studiopod.com/?p=261</guid>

					<description><![CDATA[Newly released statistics last week from Standard &#38; Poor's Case-Shiller index show continued decline in national home prices, prompting the media to question once again if the housing market is headed into a double dip.  Though we can validly view any downward trend as a dip, Standard &#38; Poor's would define a double dip in housing values as prices falling to previous lows hit during the recession.  The newest report from the 20-city index shows current lows are a mere 1.1% above the previous bottom of April 2009.]]></description>
		
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		<title>Dateline Report on China&#8217;s Ghost Cities</title>
		<link>http://paperboat.studiopod.com/2011/03/26/dateline-report-on-chinas-ghost-cities/</link>
					<comments>http://paperboat.studiopod.com/2011/03/26/dateline-report-on-chinas-ghost-cities/#comments</comments>
		
		<dc:creator><![CDATA[jenny]]></dc:creator>
		<pubDate>Sat, 26 Mar 2011 22:17:22 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://paperboat.studiopod.com/?p=258</guid>

					<description><![CDATA[In a moment of uncanny timing yesterday, I ran across a link to a fabulous Dateline episode on the topic of China&#8217;s ghost cities in a new post by Mike Shedlock at Mish&#8217;s Global Economic Trend Analysis.Â  Having just written on the subject here at The Paper Boat, I thought I&#8217;d follow up. The New [&#8230;]]]></description>
		
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