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	<title>EconomicReason</title>
	<link>http://www.economicreason.com</link>
	<description>Applying Reason to Economics and Financial Markets</description>
	<lastBuildDate>Sun, 04 Apr 2010 13:12:34 +0000</lastBuildDate>
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		<title>The Macroeconomic Paradigm &#8211; an Intellectual Fraud?</title>
		<description><![CDATA[Right to the conclusions:
The current crisis can be viewed as the result of two decades of misguided tampering with the economy and financial markets by central bankers educated and guided by academics suffering from physics envy. Instead of addressing the fundamental flaws of the macroeconomic paradigm, the superstructure of the paradigm is being further expanded. Failure to address these flaws [...]]]></description>
		<link>http://www.economicreason.com/index.php/international/the-macroeconomic-paradigm-an-intellectual-fraud/</link>
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		<title>The Other Side of Debt</title>
		<description><![CDATA[Debt levels, in particular in some Western countries, are very high. Many analysts predict that the solution to the debt problem will be either default or inflation, the latter being synonymous with default. Analysts then usually go on worrying about the effects of an impending default on the debtors (the Western countries, their currencies, their [...]]]></description>
		<link>http://www.economicreason.com/index.php/international/the-other-side-of-debt/</link>
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		<title>A Shattered Globe</title>
		<description><![CDATA[Eric Kraus from Moscow: A Shattered Globe.
]]></description>
		<link>http://www.economicreason.com/index.php/international/meetings-with-remarkable-men/</link>
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		<title>Rising Costs of US Bank Failures</title>
		<description><![CDATA[Since the outbreak of the financial market crisis, around 120 US banks have failed. The median cost of a bank failure to the FDIC has amounted to a staggering 28% of that banks assets. Furthermore, the cost of a bank failure has gone up steadily in the past two years and is now around one [...]]]></description>
		<link>http://www.economicreason.com/index.php/international/rising-costs-of-us-bank-failures/</link>
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		<title>Un Animal Triste</title>
		<description><![CDATA[Eric Kraus from Moscow: Un Animal Triste.
]]></description>
		<link>http://www.economicreason.com/index.php/international/un-animal-triste/</link>
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		<title>U.S. Bank Failures</title>
		<description><![CDATA[No, it&#8217;s not a bubble, it is the cumulated number of failed U.S. banks (mostly regional banks, excluding the likes of Lehman Brothers and Bear Stearns) since the onset of the financial market crisis as listed by the FDIC. The green shoots which have been popping up on the seas more and more often recently are in fact [...]]]></description>
		<link>http://www.economicreason.com/index.php/international/us-bank-failures/</link>
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		<title>Black Swan Warning</title>
		<description><![CDATA[Two years ago, nobody, with the exception of some cranks, saw the financial market crisis approaching. However, with the wisdom of hindsight, it is obvious that two years ago, the outcome had already been baked into the cake – bad loans had been granted, housing prices had climbed to unsustainable levels, and the bursting of [...]]]></description>
		<link>http://www.economicreason.com/index.php/international/black-swan-warning/</link>
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		<title>No Deflation</title>
		<description><![CDATA[Many analysts agree that we are currently in a deflationary period, although they might disagree strongly about the outlook for inflation.
I think we are already inmidst serious inflation. Although consumer prices are falling in many countries, this does not imply we are experiencing deflation. Inflation is not defined as rising consumer prices, inflation is defined [...]]]></description>
		<link>http://www.economicreason.com/index.php/international/no-deflation/</link>
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		<title>Green Chutes</title>
		<description><![CDATA[ Excellent analysis, by Eric Kraus from Moscow: Green Chutes. 
]]></description>
		<link>http://www.economicreason.com/index.php/international/green-chutes/</link>
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		<title>Happy Families</title>
		<description><![CDATA[ Another excellent analysis by Eric Kraus from Moscow: Happy Families. 
]]></description>
		<link>http://www.economicreason.com/index.php/international/happy-families/</link>
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