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	<title>The Wall Street Examiner &#187; Conventional Wisdom</title>
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		<title>3 Experts Prognosticate on 2012</title>
		<link>http://forums.wallstreetexaminer.com/topic/1029672-3-experts-prognosticate-on-2012/</link>
		<comments>http://forums.wallstreetexaminer.com/topic/1029672-3-experts-prognosticate-on-2012/#comments</comments>
		<pubDate>Fri, 30 Dec 2011 20:15:49 +0000</pubDate>
		<dc:creator>Bears Chat at The Wall Street Examiner</dc:creator>
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		<description><![CDATA[December 30, 2011
 

3 Experts Prognosticate on 2012
 
By JAMES B. STEWART
 

Predictions for the economy and markets for 2012 have been bleak, and 2011 was much worse than expected. There may not be much to celebrate this New Year’s Eve.   

That ma...]]></description>
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		<title>Keynes Was Right</title>
		<link>http://forums.wallstreetexaminer.com/topic/1029671-keynes-was-right/</link>
		<comments>http://forums.wallstreetexaminer.com/topic/1029671-keynes-was-right/#comments</comments>
		<pubDate>Fri, 30 Dec 2011 20:08:58 +0000</pubDate>
		<dc:creator>Bears Chat at The Wall Street Examiner</dc:creator>
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		<description><![CDATA[December 29, 2011
Keynes Was Right
 By PAUL KRUGMAN
 

“The boom, not the slump, is the right time for austerity at the Treasury.” So declared John Maynard Keynes in 1937, even as F.D.R. was about to prove him right by trying to balance the budget ...]]></description>
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		<title>Can Chronic Ill-Health Bring Down a Nation?  Yes It Can!</title>
		<link>http://forums.wallstreetexaminer.com/topic/1019583-can-chronic-ill-health-bring-down-a-nation-yes-it-can/</link>
		<comments>http://forums.wallstreetexaminer.com/topic/1019583-can-chronic-ill-health-bring-down-a-nation-yes-it-can/#comments</comments>
		<pubDate>Thu, 24 Nov 2011 01:05:48 +0000</pubDate>
		<dc:creator>Bears Chat at The Wall Street Examiner</dc:creator>
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		<description><![CDATA[When 86% of Americans have a chronic lifestyle illness, then the national security of the nation is at risk. 

Every once in a while a report surfaces from the Pentagon or the C.I.A. which identifies key threats to the national security of the U.S.  So...]]></description>
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		<title>Third Quarter GDP Revised Downward</title>
		<link>http://www.consumerindexes.com/2011-11-22_commentary.html</link>
		<comments>http://www.consumerindexes.com/2011-11-22_commentary.html#comments</comments>
		<pubDate>Tue, 22 Nov 2011 05:00:00 +0000</pubDate>
		<dc:creator>Consumer Metrics Institute, Inc.</dc:creator>
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		<description><![CDATA[    In their second estimate of the third quarter 2011 GDP, the Bureau of Economic Analysis (BEA) revised the headline growth number downward by over a half percent to an annualized growth rate of 2.01%. The real story within the data, however, was tha...]]></description>
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		<title>Analysis: Pension funds in new crisis as deficit hole grows</title>
		<link>http://forums.wallstreetexaminer.com/topic/996264-analysis-pension-funds-in-new-crisis-as-deficit-hole-grows/</link>
		<comments>http://forums.wallstreetexaminer.com/topic/996264-analysis-pension-funds-in-new-crisis-as-deficit-hole-grows/#comments</comments>
		<pubDate>Mon, 05 Sep 2011 18:15:28 +0000</pubDate>
		<dc:creator>Bears Chat at The Wall Street Examiner</dc:creator>
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		<description><![CDATA[Analysis: Pension funds in new crisis as deficit hole grows
On Monday September 5, 2011, 10:05 am EDT 
By Natsuko Waki

LONDON (Reuters) - Pension funds in developed economies are facing a new crisis as falling equities and tumbling bond yields widen t...]]></description>
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		<title>&#8220;Not Bad&#8221; Economic News Not So Good Either</title>
		<link>http://wallstreetexaminer.com/2011/08/18/not-bad-economic-news-not-so-good-either/</link>
		<comments>http://wallstreetexaminer.com/2011/08/18/not-bad-economic-news-not-so-good-either/#comments</comments>
		<pubDate>Thu, 18 Aug 2011 15:05:03 +0000</pubDate>
		<dc:creator>Lee Adler</dc:creator>
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		<guid isPermaLink="false">http://wallstreetexaminer.com/?p=54890</guid>
		<description><![CDATA[This article was originally sent as a Wall Street Examiner Email Bulletin, yesterday. The economic news has been better in recent days, that is if you confine yourself to reading the stories in the mainstream media. Beneath the surface, the data reveals a subtle, not so obvious deterioration. It can not be seen in the seasonally adjusted, manipulated, and massaged headline data, but it can in the annual rate of change in the raw, unadjusted data. I also like to call it &#8220;actual&#8221; data, as in: This is the reality. The seasonally adjusted numbers are figments of some statistician&#8217;s imagination. They often do not tell us a thing about what&#8217;s really going on. Yesterday the trumpets were blaring for the good news on industrial production. Before we wet our pants over the good news, I should point out that industrial production represents around 22% of US GDP, according to data in the CIA World Factbook. Everybody knows that we are a service economy. That factoid just quantifies it for you. While industrial production may be a meter for the broader economy, it is not the whole enchilada. Certainly though, if industrial output is running strong, that bodes well for everything [...]]]></description>
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		<title>Elizabeth Warren</title>
		<link>http://forums.wallstreetexaminer.com/topic/977458-elizabeth-warren/</link>
		<comments>http://forums.wallstreetexaminer.com/topic/977458-elizabeth-warren/#comments</comments>
		<pubDate>Tue, 05 Jul 2011 13:08:53 +0000</pubDate>
		<dc:creator>Bears Chat at The Wall Street Examiner</dc:creator>
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		<description><![CDATA[An Agency Builder, but Not Yet Its Leader
By EDWARD WYATT
Published: July 4, 2011 
 
WASHINGTON — It is conventional wisdom in this town that the first director of the new Consumer Financial Protection Bureau will be anyone but Elizabeth Warren. 

In...]]></description>
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		<title>P/E: Future On The Horizon</title>
		<link>http://forums.wallstreetexaminer.com/topic/956493-pe-future-on-the-horizon/</link>
		<comments>http://forums.wallstreetexaminer.com/topic/956493-pe-future-on-the-horizon/#comments</comments>
		<pubDate>Tue, 03 May 2011 03:46:16 +0000</pubDate>
		<dc:creator>dshort.com - Financial Life Cycle Planning</dc:creator>
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		<description><![CDATA[By guest contributor Ed Easterling 
May 3, 2011 

  Note from dshort: This article is a must-read follow-on to the two-part series posted last week by guest contributor Ed Easterling. It discusses the ability of the Crestmont methodology for P/E and EP...]]></description>
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		<title>Why Young Workers Want a Good Old-Fashioned Pension</title>
		<link>http://forums.wallstreetexaminer.com/topic/954525-why-young-workers-want-a-good-old-fashioned-pension/</link>
		<comments>http://forums.wallstreetexaminer.com/topic/954525-why-young-workers-want-a-good-old-fashioned-pension/#comments</comments>
		<pubDate>Mon, 25 Apr 2011 12:23:33 +0000</pubDate>
		<dc:creator>a Wall Street Examiner</dc:creator>
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		<description><![CDATA[The conventional wisdom is that young people today are inured to the  idea that they will change jobs repeatedly over their careers, and that  because of that, they don't really think much about pensions. But it  turns out that the conventional wisdom ...]]></description>
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		<title>This is no Kobe 1995 Redux</title>
		<link>http://www.wallstreetexaminer.com/blogs/winter/?p=3746</link>
		<comments>http://www.wallstreetexaminer.com/blogs/winter/?p=3746#comments</comments>
		<pubDate>Thu, 17 Mar 2011 18:26:42 +0000</pubDate>
		<dc:creator>Russ Winter</dc:creator>
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		<category><![CDATA[Train Wrecks]]></category>

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		<description><![CDATA[The Japan quake is a game changer and tipping point.  I can&#8217;t see how news networks can compare this to Kobe&#8217;s 1995 incident. For Japan, the classic measure of interest expense (red line) is rapidly pushing up to the 30% debt trap demarcation line, versus 22% in 1995. Debt service as a percent of tax revenues is pushing 60%, versus 28% in 1995. This is despite that nominal interest rates on almost all JGB are trading below 1% yield.  It has gone on so long that the conventional wisdom accepts it as normal and not an aberration.  Talk about a so-called black swan event. If these yields erupt, it will be over for Japan in a heartbeat. Japan&#8217;s fiscal situation has rapidly deteriorated since 2007 and has an increasingly parabolic dimension to it.  Japan has about half its debt maturing in the next year and a sky high budget deficit, about 9% of GDP, thrown in for good measure. &#8220;Mother of all government finance train wrecks&#8221; comes to mind. Yes, Japan holds a trillion in Turbo Timmy bonds at a time when its trade and power infrastructure is not just disrupted, but is likely impaired for some time.  Nor will the Japanese be as [...]]]></description>
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