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	<title>Sound Money Institute</title>
	<link>http://www.soundmoneyinstitute.com</link>
	<description>Committed to Protecting the US Dollar</description>
	<lastBuildDate>Mon, 07 Jun 2010 21:37:23 +0000</lastBuildDate>
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		<title>Ten Bearish Factors Facing the Economy: O&#8217;Neill</title>
		<description><![CDATA[ 
There are ten key factors facing the economic recovery which investors need to be cautious of, Jim O&#8217;Neill, head of global economic research at Goldman Sach, wrote in a research note Sunday. 
O&#8217;Neill&#8217;s first factor is the fiscal issues facing the euro zone and the battering that many of its debt-laden countries are getting [...]]]></description>
		<link>http://www.soundmoneyinstitute.com/?p=6055</link>
			</item>
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		<title>Laffer: 2011 &#8216;Tax&#8217; Collapse Coming</title>
		<description><![CDATA[ 
Tax hikes expected to hit after the expiration of the Bush tax cuts will cause today&#8217;s corporate profits to tumble next year — probably right after a stock market collapse, says economist Arthur Laffer, chairman of Laffer Associates and inventor of the Laffer Curve. 
“My best guess is that the train goes off the [...]]]></description>
		<link>http://www.soundmoneyinstitute.com/?p=6052</link>
			</item>
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		<title>Spreading European Fiscal Crisis Hurts Banks: Credit Markets</title>
		<description><![CDATA[
Signs the global economic recovery is faltering and Europe’s fiscal crisis is spreading added to investor concern that banks will have difficulty in clawing back the $2.4 trillion they’re owed by that region’s most indebted nations.
The cost of insuring against a default on financial-company bonds surged, with the Markit iTraxx Financial Index of credit- default [...]]]></description>
		<link>http://www.soundmoneyinstitute.com/?p=6049</link>
			</item>
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		<title>Foreclosure Glut: Is &#8216;Shadow Inventory&#8217; Really a Threat?</title>
		<description><![CDATA[
Every once in a while, the term &#8220;shadow inventory&#8221; makes it into the business headlines. Invariably, stories warn of a looming flood of foreclosures that will drag the housing market down as soon as homeowners begin to feel optimistic again.
But what is shadow inventory &#8212; and is it really such a big threat?
Different experts have [...]]]></description>
		<link>http://www.soundmoneyinstitute.com/?p=6046</link>
			</item>
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		<title>TARP&#8217;s tiniest failures add up</title>
		<description><![CDATA[
It might seem that the banking sector&#8217;s bailout saga is nearing its close, leaving room to focus on other catastrophes like the European debt crisis or the Gulf oil spill, but some small banks across the country that benefited from TARP are still struggling to stay afloat, and many more will likely fail.
And while the [...]]]></description>
		<link>http://www.soundmoneyinstitute.com/?p=6031</link>
			</item>
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		<title>Markets tumble after Fitch cuts Spain&#8217;s ratings</title>
		<description><![CDATA[
Fitch Ratings cut Spain&#8217;s credit ratings to AA+ from AAA on Friday, saying its economic recovery would be more muted than the government forecast, pushing world equities and the euro lower.
The downgrade follows a cut by another agency Standard and Poor&#8217;s last month and heaps more pressure on the government, battling to reassure markets its [...]]]></description>
		<link>http://www.soundmoneyinstitute.com/?p=6015</link>
			</item>
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		<title>Bankruptcy Talk Spreads Among Calif. Muni Officials</title>
		<description><![CDATA[
Two years after Vallejo, Calif., filed for bankruptcy protection,  officials in nearby Antioch are also tossing around the &#8216;B&#8217; word.
Antioch&#8217;s leaders earlier this month said bankruptcy could be an  option for the cash-strapped city of roughly 100,000 on the eastern fringe of  the San Francisco Bay area.
Antioch&#8217;s fiscal woes are standard issue [...]]]></description>
		<link>http://www.soundmoneyinstitute.com/?p=5994</link>
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		<title>EU Style Crisis Could Hit US in a Decade: Josh Bolten</title>
		<description><![CDATA[
As European politicians fight to contain the debt crisis, the United States could see a similar situation within the next decade, Josh Bolten, former Office of Management &#38; Budget [OMB] director told CNBC on Friday.
“What’s going in Europe is a preview of what the United States could be if we don’t get our own fiscal [...]]]></description>
		<link>http://www.soundmoneyinstitute.com/?p=5991</link>
			</item>
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		<title>Business Books: Why Russia and China will eat your lunch</title>
		<description><![CDATA[
The Western multinationals that have dominated global trade for decades are going to have their lunch eaten in China and elsewhere, and many are unaware it&#8217;s about to happen.
That&#8217;s the warning in &#8220;The End of Free Markets&#8221; (Portfolio, $26.95), a new book by political risk expert Ian Bremmer.
Bremmer, known for showing the effect of political [...]]]></description>
		<link>http://www.soundmoneyinstitute.com/?p=5949</link>
			</item>
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		<title>Gulf Spill Put at 25,000 Barrels A Day, Passing Exxon Valdez</title>
		<description><![CDATA[
The US government now estimates that up to 25,000 barrels of oil a day are spewing from BP&#8217;s Gulf of Mexico well, meaning the spill has already far eclipsed the previous worst U.S. oil spill, the 1989 Exxon Valdez disaster.
BP [BP-LN  520.80     28.80  (+5.85%)] wrestled Thursday to plug its the gushing deepwater well as President [...]]]></description>
		<link>http://www.soundmoneyinstitute.com/?p=5946</link>
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