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	<title>The Enlightened American &#187; housing bubble</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>It All Comes Back to Housing</title>
		<link>http://enlightened-american.com/2008/03/24/it-all-comes-back-to-housing</link>
		<comments>http://enlightened-american.com/2008/03/24/it-all-comes-back-to-housing#comments</comments>
		<pubDate>Mon, 24 Mar 2008 19:40:56 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[housing bubble]]></category>
		<category><![CDATA[the fed]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/2008/03/24/it-all-comes-back-to-housing/</guid>
		<description><![CDATA[An article in today&#8217;s Financial Times talks about the equity market&#8217;s incessant need to call a bottom and outlines the pro/con arguments. Nothing you haven&#8217;t heard before if you&#8217;ve been paying attention but after hundreds of words, the article boils it all down to one factor: the housing market. A quick personal story: my rental [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2008/03/24/it-all-comes-back-to-housing/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Futility of Financial News?</title>
		<link>http://enlightened-american.com/2008/02/06/the-futility-of-financial-news</link>
		<comments>http://enlightened-american.com/2008/02/06/the-futility-of-financial-news#comments</comments>
		<pubDate>Wed, 06 Feb 2008 19:41:00 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Pundits]]></category>
		<category><![CDATA[Stock Research]]></category>
		<category><![CDATA[BHP]]></category>
		<category><![CDATA[housing bubble]]></category>
		<category><![CDATA[media]]></category>
		<category><![CDATA[RTP]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/blog/?p=95</guid>
		<description><![CDATA[Here&#8217;s another humdinger: according to Bloomberg (via BTV), Rio&#8217;s rejection of BHP Billiton&#8217;s bid has led to speculation about other mining takeovers. The news anchor then cited the rise in other &#8220;takeover speculation&#8221; mining stocks like Barrick Gold, Newmont Mining, Goldcorp, Kinross Gold as evidence of this speculation. Let&#8217;s be clear &#8212; BHP&#8217;s bid for [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2008/02/06/the-futility-of-financial-news/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>10-Year Treasury Yield at 2.5% ?!?</title>
		<link>http://enlightened-american.com/2007/12/27/10-year-treasury-yield-at-25</link>
		<comments>http://enlightened-american.com/2007/12/27/10-year-treasury-yield-at-25#comments</comments>
		<pubDate>Thu, 27 Dec 2007 21:51:00 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Pundits]]></category>
		<category><![CDATA[housing bubble]]></category>
		<category><![CDATA[housing market]]></category>
		<category><![CDATA[interest rates]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/blog/?p=78</guid>
		<description><![CDATA[Scott Minor (sp?), CIO of Guggenheim Partners, appeared on Bloomberg&#8217;s Final Word program today talking about interest rates. According to him, once the Fed gets the 10-year note down to 2.5%, the housing market will see buyers coming back to the table. Now I don&#8217;t disagree that 2.5% long-term rates will bring buyers back (including [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2007/12/27/10-year-treasury-yield-at-25/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Are These People Really This Useless?</title>
		<link>http://enlightened-american.com/2007/12/18/are-these-people-really-this-useless</link>
		<comments>http://enlightened-american.com/2007/12/18/are-these-people-really-this-useless#comments</comments>
		<pubDate>Tue, 18 Dec 2007 16:35:00 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Pundits]]></category>
		<category><![CDATA[housing bubble]]></category>
		<category><![CDATA[Wall Street analysts]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/blog/?p=76</guid>
		<description><![CDATA[I&#8217;m listening to Quincy somebody or other from the Hartford (it&#8217;s not really worth knowing her name unless to ignore future musings) on Bloomberg Open Exchange. Not only is she rehashing, months too late to be any use, what we all know about the housing market (builders have too much inventory, owners can&#8217;t sell their [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2007/12/18/are-these-people-really-this-useless/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Krugman On the Housing Bubble</title>
		<link>http://enlightened-american.com/2007/12/14/krugman-on-the-housing-bubble</link>
		<comments>http://enlightened-american.com/2007/12/14/krugman-on-the-housing-bubble#comments</comments>
		<pubDate>Fri, 14 Dec 2007 16:00:00 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Worth Reading (links to articles, etc.)]]></category>
		<category><![CDATA[housing bubble]]></category>
		<category><![CDATA[liberals]]></category>
		<category><![CDATA[paul krugman]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/blog/?p=73</guid>
		<description><![CDATA[I disagree with Paul Krugman from time to time but he presents an excellent breakdown of the credit problems stemming from the housing bubble here. In general, Krugman, despite being an economist, usually has a good grasp on reality. It probably has something to do with his political bent as politics means you have to [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2007/12/14/krugman-on-the-housing-bubble/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Song Remains the Same</title>
		<link>http://enlightened-american.com/2007/12/11/the-song-remains-the-same</link>
		<comments>http://enlightened-american.com/2007/12/11/the-song-remains-the-same#comments</comments>
		<pubDate>Tue, 11 Dec 2007 16:04:00 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[housing bubble]]></category>
		<category><![CDATA[peak oil]]></category>
		<category><![CDATA[US economy]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/blog/?p=70</guid>
		<description><![CDATA[For the (few) people who&#8217;ve been following my website and now blog for most of the year, you know I&#8217;ve been echoing the same themes again and again. But to recap quickly: 1. Peak oil is a reality. Do not be fooled by this asinine focus on weekly inventory numbers. Do not confuse production capacity [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2007/12/11/the-song-remains-the-same/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Government&#8217;s Plan to Kill the Housing Market</title>
		<link>http://enlightened-american.com/2007/12/06/governments-plan-to-kill-the-housing-market</link>
		<comments>http://enlightened-american.com/2007/12/06/governments-plan-to-kill-the-housing-market#comments</comments>
		<pubDate>Thu, 06 Dec 2007 12:33:00 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[credit bubble]]></category>
		<category><![CDATA[credit crisis]]></category>
		<category><![CDATA[government bailout]]></category>
		<category><![CDATA[housing bubble]]></category>
		<category><![CDATA[middle class]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/blog/?p=67</guid>
		<description><![CDATA[Details are still a little sketchy but I&#8217;m assuming that the new subprime bailout plan will closely resemble California&#8217;s plan. Previously, I listed some unintendend consequences. Quickly, those were insufficient scale to work and keeping the &#8220;plankton&#8221; out of the housing market. Those are still valid, IMO. After getting the details about Gov. Schwarzenegger&#8217;s plan [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2007/12/06/governments-plan-to-kill-the-housing-market/feed</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>Possible Unintended Consequences of a Subprime Bailout</title>
		<link>http://enlightened-american.com/2007/11/30/possible-unintended-consequences-of-a-subprime-bailout</link>
		<comments>http://enlightened-american.com/2007/11/30/possible-unintended-consequences-of-a-subprime-bailout#comments</comments>
		<pubDate>Fri, 30 Nov 2007 15:44:00 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Gurus]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[government bailout]]></category>
		<category><![CDATA[housing bubble]]></category>
		<category><![CDATA[plankton theory]]></category>
		<category><![CDATA[subprime]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/blog/?p=63</guid>
		<description><![CDATA[Wall Street is giddy with rumors of some sort of deal pending from the Treasury with mortgage lenders regarding the freezing of subprime mortgage resets. There&#8217;s a common sentiment among free-market conservatives that when government tries to fix something, they generally make it worse. I&#8217;m not a conservative but I&#8217;ve got to go agree in [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2007/11/30/possible-unintended-consequences-of-a-subprime-bailout/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Fannie &amp; Freddie: Bernanke Wants to Hand the Keys To These Guys?</title>
		<link>http://enlightened-american.com/2007/11/20/fannie-freddie-bernanke-wants-to-hand-the-keys-to-these-guys</link>
		<comments>http://enlightened-american.com/2007/11/20/fannie-freddie-bernanke-wants-to-hand-the-keys-to-these-guys#comments</comments>
		<pubDate>Tue, 20 Nov 2007 18:43:00 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Stock Research]]></category>
		<category><![CDATA[Ben Bernanke]]></category>
		<category><![CDATA[democrats]]></category>
		<category><![CDATA[Fannie Mae]]></category>
		<category><![CDATA[Freddie Mac]]></category>
		<category><![CDATA[GSEs]]></category>
		<category><![CDATA[housing bubble]]></category>
		<category><![CDATA[mocrats]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/blog/?p=55</guid>
		<description><![CDATA[During Bernanke&#8217;s testimony a couple of weeks ago in Washington, Helicopter Ben suggested that Fannie and Freddie be allowed to raise the caps on loans they can accept to help alleviate pressure in the mortgage-backed securities market. This proposal elicited a violent reaction from me. If Chuck Schumer manages to get this proposal enacted, I [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2007/11/20/fannie-freddie-bernanke-wants-to-hand-the-keys-to-these-guys/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Ducking the Question</title>
		<link>http://enlightened-american.com/2007/11/08/ducking-the-question</link>
		<comments>http://enlightened-american.com/2007/11/08/ducking-the-question#comments</comments>
		<pubDate>Thu, 08 Nov 2007 16:19:00 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Ben Bernanke]]></category>
		<category><![CDATA[Federal Reserve]]></category>
		<category><![CDATA[housing bubble]]></category>
		<category><![CDATA[Ron Paul]]></category>
		<category><![CDATA[the fed]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/blog/?p=39</guid>
		<description><![CDATA[Continuing with our blow-by-blow breakdown of Ben Bernanke&#8217;s testimony: A Congressman just pointed out that Bernanke made a bad prediction 7 months ago regarding the severity of the housing crisis while that Congressman was correct in his prediction that supply would reach 10 months. The politician then asked Bernanke what the impact would be, using [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2007/11/08/ducking-the-question/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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