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	<title>The Enlightened American &#187; Worth Reading (links to articles, etc.)</title>
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	<link>http://enlightened-american.com</link>
	<description>One person's quest to make sense of a senseless American economy and society.</description>
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		<title>BP Spill Raises Questions For Petrobras</title>
		<link>http://enlightened-american.com/2010/05/20/bp-spill-raises-questions-for-petrobras</link>
		<comments>http://enlightened-american.com/2010/05/20/bp-spill-raises-questions-for-petrobras#comments</comments>
		<pubDate>Thu, 20 May 2010 18:47:04 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Worth Reading (links to articles, etc.)]]></category>
		<category><![CDATA[oil]]></category>
		<category><![CDATA[PBR]]></category>
		<category><![CDATA[Tupi]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/?p=699</guid>
		<description><![CDATA[Bloomberg carries this story about Petrobras (PBR) possibly delaying their huge $25B share sale (17% of current market cap) to fund exploitation of some promising deepwater prospects off the shore of Brazil. Unfortunately for them, the recent global market slide has dropped PBR 15% and is endangering the transaction. Comparing PBR&#8217;s one-month chart to the [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2010/05/20/bp-spill-raises-questions-for-petrobras/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>REITs Vs Private Equity</title>
		<link>http://enlightened-american.com/2010/05/13/reits-vs-private-equity</link>
		<comments>http://enlightened-american.com/2010/05/13/reits-vs-private-equity#comments</comments>
		<pubDate>Thu, 13 May 2010 22:20:43 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Investment Strategies]]></category>
		<category><![CDATA[Worth Reading (links to articles, etc.)]]></category>
		<category><![CDATA[asset allocation]]></category>
		<category><![CDATA[David Swensen]]></category>
		<category><![CDATA[private equity]]></category>
		<category><![CDATA[real estate]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/?p=693</guid>
		<description><![CDATA[Lost in the wake of last week&#8217;s market excitement was this article in the Wall Street Journal [$] detailing the REIT industry&#8217;s effort to persuade investors to allocate more real estate investment dollars in the public market via REITs. REIT supporters lament the possibility of losing capital to private equity firms under false assumptions that [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2010/05/13/reits-vs-private-equity/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>East Vs. West</title>
		<link>http://enlightened-american.com/2010/04/27/east-vs-west</link>
		<comments>http://enlightened-american.com/2010/04/27/east-vs-west#comments</comments>
		<pubDate>Tue, 27 Apr 2010 16:53:02 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Investment Strategies]]></category>
		<category><![CDATA[Worth Reading (links to articles, etc.)]]></category>
		<category><![CDATA[globalization]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/?p=676</guid>
		<description><![CDATA[This week, Barron&#8217;s interviews Ian Bremmer [$] of the Eurasia Group, with the main theme being the fundamental incompatibility between (pseudo) market capitalism (U.S.) and state capitalism (China) and the possible fall-out due to  friction between the two models. Bremmer&#8217;s musings continue a seeming trend in which economists and historians, most notably, Niall Ferguson, see [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2010/04/27/east-vs-west/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Big Pharma Primes The Pump</title>
		<link>http://enlightened-american.com/2010/04/20/big-pharma-primes-the-pump</link>
		<comments>http://enlightened-american.com/2010/04/20/big-pharma-primes-the-pump#comments</comments>
		<pubDate>Tue, 20 Apr 2010 21:27:38 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Worth Reading (links to articles, etc.)]]></category>
		<category><![CDATA[GSK]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/?p=672</guid>
		<description><![CDATA[Consider this article in the Wall Street Journal on increased prescription drug prices last year, despite the &#8220;Great Recession.&#8221; Obviously, the drug makers are trying to get their licks in now before the health care overhaul takes effect, despite transparent denials by their various spokespeople. This serves as yet another example of the difficulty of [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2010/04/20/big-pharma-primes-the-pump/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Market Themes Beginning To Emerge</title>
		<link>http://enlightened-american.com/2010/04/08/market-themes-beginning-to-emerge</link>
		<comments>http://enlightened-american.com/2010/04/08/market-themes-beginning-to-emerge#comments</comments>
		<pubDate>Fri, 09 Apr 2010 07:29:33 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Worth Reading (links to articles, etc.)]]></category>
		<category><![CDATA[EOG]]></category>
		<category><![CDATA[gold]]></category>
		<category><![CDATA[inflation]]></category>
		<category><![CDATA[oil]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/?p=670</guid>
		<description><![CDATA[Following on last post&#8217;s observation of the implications of an economic recovery taking hold, I present readers with a trio of intriguing stories from the Wall Street Journal. First, EOG Resources (EOG) announced a change in focus as it seeks to apply new horizontal drilling techniques to search for oil. Despite the company&#8217;s assertion that [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2010/04/08/market-themes-beginning-to-emerge/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Inflation Is Dead. Long Live Inflation. Or Deflation</title>
		<link>http://enlightened-american.com/2010/03/22/inflation-is-dead-long-live-inflation-or-deflation</link>
		<comments>http://enlightened-american.com/2010/03/22/inflation-is-dead-long-live-inflation-or-deflation#comments</comments>
		<pubDate>Mon, 22 Mar 2010 22:33:14 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Worth Reading (links to articles, etc.)]]></category>
		<category><![CDATA[deflation]]></category>
		<category><![CDATA[inflation]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/?p=663</guid>
		<description><![CDATA[Last week&#8217;s inflation numbers sparked a series of posts and articles commenting on the matter with the proclamation that inflation is nowhere in sight: Buying [Treasuries] on the Death of Inflation (WSJ) Inflation Issuance Hits Record $200 Billion; Predictably Wrong Hyperinflation Calls; Ducks in a Row (Mish&#8217;s blog) While these two articles seem to share [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2010/03/22/inflation-is-dead-long-live-inflation-or-deflation/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>All Things, Including Duopolies, Must Pass</title>
		<link>http://enlightened-american.com/2010/03/17/all-things-including-duopolies-must-pass</link>
		<comments>http://enlightened-american.com/2010/03/17/all-things-including-duopolies-must-pass#comments</comments>
		<pubDate>Wed, 17 Mar 2010 19:54:21 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Worth Reading (links to articles, etc.)]]></category>
		<category><![CDATA[airbus]]></category>
		<category><![CDATA[BA]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/?p=659</guid>
		<description><![CDATA[Yesterday&#8217;s Wall Street Journal carried a piece detailing the possible threat to the aerospace duopoly of Boeing (BA) and its fierce European rival, Airbus. While a Detroit/Big-3 type fall is hardly the immediate fate for these two companies, companies like Bombardier and others are successfully moving into the market for smaller aircraft. The current dynamics [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2010/03/17/all-things-including-duopolies-must-pass/feed</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>Oil Majors Scraping For Barrels At the Bottom of The Ocean</title>
		<link>http://enlightened-american.com/2010/03/12/oil-majors-scraping-for-barrels-at-the-bottom-of-the-ocean</link>
		<comments>http://enlightened-american.com/2010/03/12/oil-majors-scraping-for-barrels-at-the-bottom-of-the-ocean#comments</comments>
		<pubDate>Sat, 13 Mar 2010 01:18:39 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Worth Reading (links to articles, etc.)]]></category>
		<category><![CDATA[BP]]></category>
		<category><![CDATA[dvn]]></category>
		<category><![CDATA[XOM]]></category>
		<category><![CDATA[XTO]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/?p=657</guid>
		<description><![CDATA[Following up on the last post regarding peak oil and the demise of easy oil, today&#8217;s Wall Street Journal has several articles spotlighting the plight of oil majors: BP Taps Deep Water To Grow BP Sambas Up with Devon Deal Exxon Output Gains Pose Risks to Margin While the details differ, the general theme remains [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2010/03/12/oil-majors-scraping-for-barrels-at-the-bottom-of-the-ocean/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Peak Oil = No More Easy Barrels</title>
		<link>http://enlightened-american.com/2010/03/10/peak-oil-no-more-easy-barrels</link>
		<comments>http://enlightened-american.com/2010/03/10/peak-oil-no-more-easy-barrels#comments</comments>
		<pubDate>Thu, 11 Mar 2010 02:23:12 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Worth Reading (links to articles, etc.)]]></category>
		<category><![CDATA[XOM]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/?p=655</guid>
		<description><![CDATA[Many people have a misconception behind the basic premise of peak oil &#8212; they think it postulates that the world is running out of oil. Of course, the peak oil theory does not postulate that the world will soon have no oil. The world will always have oil. Peak oil relates specifically to our ability [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2010/03/10/peak-oil-no-more-easy-barrels/feed</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>When Old Stand-Bys Fail</title>
		<link>http://enlightened-american.com/2010/03/04/when-old-stand-bys-fail</link>
		<comments>http://enlightened-american.com/2010/03/04/when-old-stand-bys-fail#comments</comments>
		<pubDate>Thu, 04 Mar 2010 17:15:52 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Investment Strategies]]></category>
		<category><![CDATA[Worth Reading (links to articles, etc.)]]></category>
		<category><![CDATA[baltic dry index]]></category>
		<category><![CDATA[VIX]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/?p=652</guid>
		<description><![CDATA[Yesterday&#8217;s Wall Street Journal carried a good article questioning the status of the Baltic Dry Index (BDI) as a barometer of global economic health. The theory goes that dry bulk shipping rates are a good indicator of demand for materials. As the article points out, shipping rates can also be affected by a supply glut [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2010/03/04/when-old-stand-bys-fail/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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