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	<title>Issues &#038; Opinions</title>
	<link>http://issuesblog.com</link>
	<description>Blather on business, pontification on politics, &#038; mutterings on miscellanea</description>
	<lastBuildDate>Wed, 20 Jan 2010 04:21:17 +0000</lastBuildDate>
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		<title>Finally, a bit of good news &#8211; Brown Wins in MA</title>
		<description><![CDATA[From the WSJ story of this evening:
BOSTON—A little-known Republican shook up the balance of power in Washington by winning a U.S. Senate seat in Massachusetts, a result that imperils President Barack Obama&#8217;s top legislative priorities and augurs trouble for his party in this year&#8217;s elections.
Cast beneath the front page story, these three bullets, pointing to [...]]]></description>
		<link>http://issuesblog.com/2010/01/19/finally-a-bit-of-good-news-brown-wins-in-ma/</link>
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		<title>Your quote of the day</title>
		<description><![CDATA[From Douglas McIntyre:
Stable home prices may be overrated. Every month that there is an artificial barrier that prevents real estate prices from falling faster is a month that the market does not reach rock bottom, and rock bottom prices are what eventually bring buyers into the market. Real estate prices are being destroyed by the [...]]]></description>
		<link>http://issuesblog.com/2009/12/28/your-quote-of-the-day/</link>
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		<title>Reasons for pessimism</title>
		<description><![CDATA[From the AP via James Taranto (&#8220;Close Enough for Government Work&#8220;):
&#8212;&#8211; Quote &#8212;&#8211;
&#8220;President Barack Obama&#8217;s economic recovery program saved 935 jobs at the Southwest Georgia Community Action Council, an impressive success story for the stimulus plan,&#8221; the Associated Press reports.
Hey, great news! Just one little problem: &#8220;Only 508 people work there.&#8221; The story continues:
The Georgia [...]]]></description>
		<link>http://issuesblog.com/2009/11/06/reasons-for-pessimism/</link>
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		<title>Fred on the Economy</title>
		<description><![CDATA[Moderately old, but new to me:
 
Bookmark to:
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		<link>http://issuesblog.com/2008/12/29/fred-on-the-economy/</link>
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		<title>Stupidity, populism, and playing to the idiots? It&#8217;s evergreen.</title>
		<description><![CDATA[Where to start?
The short-selling ban that is in place from yesterday through October 2 (or later) is an abomination. Not only is it bad policy in an absolute sense, it&#8217;s made worse by the cynical hypocrisy of those who begged for it to be put into place.
It&#8217;s one thing for an amiable boob like Patrick [...]]]></description>
		<link>http://issuesblog.com/2008/09/20/stupidity-its-evergreen/</link>
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		<title>Nice to see, again, that the system works</title>
		<description><![CDATA[Or, to be more correct, at least part of the system. Some of the time.
First, there was the Emperor AG and Premier Governor of New York, Eliot Spitzer, getting his, and a reasonable person could hope he&#8217;s got still more coming to him, given the pompous hypocrisy of the crusades on which he embarked before [...]]]></description>
		<link>http://issuesblog.com/2008/07/29/nice-to-see-again-that-the-system-works/</link>
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		<title>That monetary hammer I mentioned?</title>
		<description><![CDATA[In a post yesterday, (just below), I mentioned the difficulties in the Pakistani stock market, and the related destruction at the Karachi stock exchange. I contrasted, in a brief and cursory manner, the market there (and the reaction to its fall) to the market here in the US (and the general lack of reaction to [...]]]></description>
		<link>http://issuesblog.com/2008/07/19/that-monetary-hammer-i-mentioned/</link>
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		<title>So that&#8217;s what an unsophisticated investor looks like.</title>
		<description><![CDATA[(The excitable investors, that is, not Pakistanis in general) 
Clues can be found in a Marketwatch article from yesterday evening:
EMERGING MARKETS REPORT
Investors riot in Pakistan as market tumbles
Benchmark down for 15th straight session; loses 27.5% this year so far
By Polya Lesova, MarketWatch
NEW YORK (MarketWatch) &#8212; Popular anger over tumbling equity prices erupted in Pakistan on [...]]]></description>
		<link>http://issuesblog.com/2008/07/18/the_unsophisticates/</link>
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		<title>Prognostication Perils</title>
		<description><![CDATA[Based on the events of Friday afternoon, I&#8217;m reminded of the only phrase I can recall from Nancy Reagan&#8217;s tenure as First Lady: &#8220;Just say no&#8221;.
About an hour before Wall Street closed for the week, I got a call from an old friend who&#8217;s an equity analyst for an east coast hedge fund. He wanted [...]]]></description>
		<link>http://issuesblog.com/2008/06/15/prognostication-perils/</link>
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		<title>Stupid investment theses, poorly executed</title>
		<description><![CDATA[In an item in the May 5, 2008 WSJ, I saw the &#8220;Fund Track&#8221; column, by Daisy Maxey, entitled &#8220;Democratic Booster Blue Fund Group Has Been Singing the Blues Lately&#8221;
The focus of the story was on a small Washington DC based fund that&#8217;s done poorly of late.
Blue Fund Group is having a rough year.
Blue Investment [...]]]></description>
		<link>http://issuesblog.com/2008/05/06/stupid-investment-theses-moronically-executed/</link>
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