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	<title>The Enlightened American &#187; Federal Reserve</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>
	<lastBuildDate>Mon, 02 Apr 2012 21:14:22 +0000</lastBuildDate>
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		<title>Portfolio Performance +5.2% Through March 2009</title>
		<link>http://enlightened-american.com/2009/04/02/portfolio-performance-52-through-march-2009</link>
		<comments>http://enlightened-american.com/2009/04/02/portfolio-performance-52-through-march-2009#comments</comments>
		<pubDate>Thu, 02 Apr 2009 18:16:49 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Enlightened-American Portfolio]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[corporate bonds]]></category>
		<category><![CDATA[FCX]]></category>
		<category><![CDATA[Federal Reserve]]></category>
		<category><![CDATA[MFN]]></category>
		<category><![CDATA[PBR]]></category>
		<category><![CDATA[US dollar]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/?p=331</guid>
		<description><![CDATA[Click here to view the spreadsheet containing all disclosures for my complete equity portfolio, including initial entry points, YTD returns, total returns, etc. THE ENLIGHTENED-AMERICAN PORTFOLIO SPREADSHEET Enlightened-American Portfolio: +5.2% YTD (including dividends) DJIA: -13.3% Nasdaq: -3.1% S&#38;P 500: -11.7% DJ WIlshire 5000: -8.9% Russell 2000 (smallcap): -15.4% The stock market enjoyed a strong rally [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2009/04/02/portfolio-performance-52-through-march-2009/feed</wfw:commentRss>
		<slash:comments>2</slash:comments>
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		<item>
		<title>Congress to Bernanke: &#8220;Why Aren&#8217;t Your Rate Cuts Buoying Stocks?&#8221;</title>
		<link>http://enlightened-american.com/2008/04/02/congress-to-bernanke-why-arent-your-rate-cuts-buoying-stocks</link>
		<comments>http://enlightened-american.com/2008/04/02/congress-to-bernanke-why-arent-your-rate-cuts-buoying-stocks#comments</comments>
		<pubDate>Wed, 02 Apr 2008 15:37:13 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[Ben Bernanke]]></category>
		<category><![CDATA[Federal Reserve]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/2008/04/02/congress-to-bernanke-why-arent-your-rate-cuts-buoying-stocks/</guid>
		<description><![CDATA[Paraphrasing Congresswoman Sanchez who asked Bernanke why stocks jump in the aftermath of rate cuts only to sell off harder once the afterglow wears off. She questioned whether the Fed&#8217;s tools were no longer sufficient for the current crisis. Of course, the right answer is the Fed is not interested in propping up stock market [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2008/04/02/congress-to-bernanke-why-arent-your-rate-cuts-buoying-stocks/feed</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>No Value Added</title>
		<link>http://enlightened-american.com/2008/02/26/no-value-added</link>
		<comments>http://enlightened-american.com/2008/02/26/no-value-added#comments</comments>
		<pubDate>Tue, 26 Feb 2008 17:31:00 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Pundits]]></category>
		<category><![CDATA[Federal Reserve]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/blog/?p=101</guid>
		<description><![CDATA[I recently made a resolution to stop focusing so much on what delusional pundits, authorities, and the like say in the media. It&#8217;s not productive (except as a gauge on sentiment), my portfolio has performed quite well ignoring their hallucinatory ramblings and I&#8217;m not sure why I should get so riled up over mass cluelessness. [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2008/02/26/no-value-added/feed</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Bob Heller: Wrong, Wrong, Wrong</title>
		<link>http://enlightened-american.com/2008/01/22/bob-heller-wrong-wrong-wrong</link>
		<comments>http://enlightened-american.com/2008/01/22/bob-heller-wrong-wrong-wrong#comments</comments>
		<pubDate>Tue, 22 Jan 2008 19:57:00 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Pundits]]></category>
		<category><![CDATA[Federal Reserve]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/blog/?p=92</guid>
		<description><![CDATA[Bob Heller, a former Fed official, just popped on Bloomberg and stated that the Fed messed up the economy, get this, by raising interest rates too high and wrecking the housing market. I try not to get too belligerent when pointing out these foolish pundits but this guy must be an ABSOLUTE IDIOT. Remember, this [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2008/01/22/bob-heller-wrong-wrong-wrong/feed</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>The Fed&#8217;s Conundrum</title>
		<link>http://enlightened-american.com/2008/01/10/the-feds-conundrum</link>
		<comments>http://enlightened-american.com/2008/01/10/the-feds-conundrum#comments</comments>
		<pubDate>Thu, 10 Jan 2008 14:31:00 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Gurus]]></category>
		<category><![CDATA[Investment Strategies]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Stock Research]]></category>
		<category><![CDATA[acas]]></category>
		<category><![CDATA[Bank of England (BOE)]]></category>
		<category><![CDATA[European Central Bank (ECB)]]></category>
		<category><![CDATA[Federal Reserve]]></category>
		<category><![CDATA[interest rates]]></category>
		<category><![CDATA[the fed]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/blog/?p=85</guid>
		<description><![CDATA[The European Central Bank (ECB) and Bank of England (BOE) both decided to keep rates unchanged last night. This only puts more pressure on the Fed. Several commentators have noted (and I agree) that the Fed needs the cooperation of other central banks if Bernanke and co. wish to continue this cycle of rate-cutting without [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2008/01/10/the-feds-conundrum/feed</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Another Week, Another Plea for sub-3% 10-year notes</title>
		<link>http://enlightened-american.com/2007/12/31/another-week-another-plea-for-sub-3-10-year-notes</link>
		<comments>http://enlightened-american.com/2007/12/31/another-week-another-plea-for-sub-3-10-year-notes#comments</comments>
		<pubDate>Mon, 31 Dec 2007 18:22:00 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Pundits]]></category>
		<category><![CDATA[Federal Reserve]]></category>
		<category><![CDATA[inflation]]></category>
		<category><![CDATA[interest rates]]></category>
		<category><![CDATA[the fed]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/blog/?p=79</guid>
		<description><![CDATA[Dawn Bennett of Bennett Financial Services just appeared on Bloomberg and nonchalantly mentioned expectations of the 10-year note coming down to 2.25% in 2008. She also asserted that there was no inflation &#8212; only phantom inflation. She used the ridiculous comparison of gas prices in the US to gas prices in the UK to illustrate [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2007/12/31/another-week-another-plea-for-sub-3-10-year-notes/feed</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Helicopter Ben&#8217;s Big Day of Fun</title>
		<link>http://enlightened-american.com/2007/12/11/helicopter-bens-big-day-of-fun</link>
		<comments>http://enlightened-american.com/2007/12/11/helicopter-bens-big-day-of-fun#comments</comments>
		<pubDate>Tue, 11 Dec 2007 16:21:00 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Ben Bernanke]]></category>
		<category><![CDATA[Federal Reserve]]></category>
		<category><![CDATA[interest rates]]></category>
		<category><![CDATA[US dollar]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/blog/?p=71</guid>
		<description><![CDATA[Obviously, the Fed will cut today. Whether it be 25 or 50 bp, I&#8217;m leaning toward the latter but really, I&#8217;m not that vested in today&#8217;s decision. I&#8217;m positioned to benefit in the intermediate-term from the Fed&#8217;s obvious easing cycle. Whether that happens today or over the course of the next year isn&#8217;t important (and [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2007/12/11/helicopter-bens-big-day-of-fun/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Economic Dissonance</title>
		<link>http://enlightened-american.com/2007/11/29/economic-dissonance</link>
		<comments>http://enlightened-american.com/2007/11/29/economic-dissonance#comments</comments>
		<pubDate>Thu, 29 Nov 2007 13:43:00 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Pundits]]></category>
		<category><![CDATA[Federal Reserve]]></category>
		<category><![CDATA[GDP]]></category>
		<category><![CDATA[plunge protection team]]></category>
		<category><![CDATA[ppt]]></category>
		<category><![CDATA[the fed]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/blog/?p=62</guid>
		<description><![CDATA[Michael Pascoe runs a daily podcast that focuses on the Australian markets. Yesterday&#8217;s morning podcast led off with (paraphrasing), &#8220;If anyone can figure out the American stock market, please clue me in.&#8221; There have been at least 2 or 3 closes in the last month or so where the market was down big and came [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2007/11/29/economic-dissonance/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Market Rally: Mirage?</title>
		<link>http://enlightened-american.com/2007/11/27/market-rally-mirage</link>
		<comments>http://enlightened-american.com/2007/11/27/market-rally-mirage#comments</comments>
		<pubDate>Tue, 27 Nov 2007 16:39:00 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Stock Research]]></category>
		<category><![CDATA[citigroup]]></category>
		<category><![CDATA[Federal Reserve]]></category>
		<category><![CDATA[interest rates]]></category>
		<category><![CDATA[oil]]></category>
		<category><![CDATA[stock market]]></category>
		<category><![CDATA[the fed]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/blog/?p=59</guid>
		<description><![CDATA[I don&#8217;t believe this rally for a second: * The Case-Shiller housing price index showed the largest YOY decline since they&#8217;ve kept these records. While not at all unexpected, this is nothing but bad news for the US economy. As I said yesterday, Americans aren&#8217;t going to feel good for a while &#8212; I don&#8217;t [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2007/11/27/market-rally-mirage/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Fed Credibility Shot to Pieces</title>
		<link>http://enlightened-american.com/2007/11/19/fed-credibility-shot-to-pieces</link>
		<comments>http://enlightened-american.com/2007/11/19/fed-credibility-shot-to-pieces#comments</comments>
		<pubDate>Mon, 19 Nov 2007 16:59:00 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Investment Strategies]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[agriculture]]></category>
		<category><![CDATA[Ben Bernanke]]></category>
		<category><![CDATA[commodities]]></category>
		<category><![CDATA[deflation]]></category>
		<category><![CDATA[Federal Reserve]]></category>
		<category><![CDATA[geopolitics]]></category>
		<category><![CDATA[george w. bush]]></category>
		<category><![CDATA[gold]]></category>
		<category><![CDATA[inflation]]></category>
		<category><![CDATA[interest rates]]></category>
		<category><![CDATA[oil]]></category>
		<category><![CDATA[the fed]]></category>
		<category><![CDATA[US dollar]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/blog/?p=54</guid>
		<description><![CDATA[Any person who has ever interacted with dogs on a regular basis knows that you need to establish that you are the leader of the pack and that it (the dog) needs to follow you. Failing this, you will lose control, with varying destructive consequences (depending on the dog, of course). Back at the beginning [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2007/11/19/fed-credibility-shot-to-pieces/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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