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	<title>A Second Hand Conjecture &#187; Lance</title>
	<atom:link href="http://asecondhandconjecture.com/index.php/author/Lance/feed/" rel="self" type="application/rss+xml" />
	<link>http://asecondhandconjecture.com</link>
	<description>Questions through the veil of ignorance</description>
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		<item>
		<title>Animated Unemployment</title>
		<link>http://asecondhandconjecture.com/index.php/2009/11/23/animated-unemployment/</link>
		<comments>http://asecondhandconjecture.com/index.php/2009/11/23/animated-unemployment/#comments</comments>
		<pubDate>Mon, 23 Nov 2009 06:12:51 +0000</pubDate>
		<dc:creator>Lance</dc:creator>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[Lance's Page]]></category>

		<guid isPermaLink="false">http://asecondhandconjecture.com/?p=7161</guid>
		<description><![CDATA[A very cool animated Graphic showing the change in unemployment over the last two years. Click Image for Animation]]></description>
		<wfw:commentRss>http://asecondhandconjecture.com/index.php/2009/11/23/animated-unemployment/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>Taking a Closer Look at Unemployment</title>
		<link>http://asecondhandconjecture.com/index.php/2009/11/08/taking-a-closer-look-at-unemployment/</link>
		<comments>http://asecondhandconjecture.com/index.php/2009/11/08/taking-a-closer-look-at-unemployment/#comments</comments>
		<pubDate>Mon, 09 Nov 2009 04:10:36 +0000</pubDate>
		<dc:creator>Lance</dc:creator>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[Investing]]></category>
		<category><![CDATA[Lance's Page]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[economy]]></category>

		<guid isPermaLink="false">http://asecondhandconjecture.com/index.php/2009/11/08/taking-a-closer-look-at-unemployment/</guid>
		<description><![CDATA[Employment as measured by the &#8220;establishment survey,&#8221; was down by 190,000; and Many feel it is an improvement that we are not falling as fast. Well, let us take a moment to look under the hood of these numbers. First, &#8230; <a href="http://asecondhandconjecture.com/index.php/2009/11/08/taking-a-closer-look-at-unemployment/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		<wfw:commentRss>http://asecondhandconjecture.com/index.php/2009/11/08/taking-a-closer-look-at-unemployment/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>&#8220;So how is that working out for you, Mr President?&#8221;</title>
		<link>http://asecondhandconjecture.com/index.php/2009/11/08/7145/</link>
		<comments>http://asecondhandconjecture.com/index.php/2009/11/08/7145/#comments</comments>
		<pubDate>Sun, 08 Nov 2009 19:28:35 +0000</pubDate>
		<dc:creator>Lance</dc:creator>
				<category><![CDATA[Domestic Politics]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[Lance's Page]]></category>

		<guid isPermaLink="false">http://asecondhandconjecture.com/?p=7145</guid>
		<description><![CDATA[Good Friend Bruce McQuain picks up on a story I noticed yesterday. Rather than rehash it, I&#8217;ll let him lay it out: Greg Mankiw reminds us of this bit of fantasy: What we are not doing — what I have &#8230; <a href="http://asecondhandconjecture.com/index.php/2009/11/08/7145/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Probably Overpaying</title>
		<link>http://asecondhandconjecture.com/index.php/2009/03/08/probably-overpaying/</link>
		<comments>http://asecondhandconjecture.com/index.php/2009/03/08/probably-overpaying/#comments</comments>
		<pubDate>Mon, 09 Mar 2009 04:25:22 +0000</pubDate>
		<dc:creator>Lance</dc:creator>
				<category><![CDATA[Humor]]></category>
		<category><![CDATA[Investing]]></category>
		<category><![CDATA[Citibank]]></category>

		<guid isPermaLink="false">http://asecondhandconjecture.com/?p=6858</guid>
		<description><![CDATA[]]></description>
		<wfw:commentRss>http://asecondhandconjecture.com/index.php/2009/03/08/probably-overpaying/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The New F***ing Citibank</title>
		<link>http://asecondhandconjecture.com/index.php/2009/03/07/the-new-fing-citibank/</link>
		<comments>http://asecondhandconjecture.com/index.php/2009/03/07/the-new-fing-citibank/#comments</comments>
		<pubDate>Sun, 08 Mar 2009 04:50:01 +0000</pubDate>
		<dc:creator>Lance</dc:creator>
				<category><![CDATA[Humor]]></category>
		<category><![CDATA[Lance's Page]]></category>
		<category><![CDATA[Citibank]]></category>
		<category><![CDATA[nationalization]]></category>

		<guid isPermaLink="false">http://asecondhandconjecture.com/?p=6856</guid>
		<description><![CDATA[The New F***ing Citibank &#8211; watch more funny videos NSFW due to strong language.]]></description>
		<wfw:commentRss>http://asecondhandconjecture.com/index.php/2009/03/07/the-new-fing-citibank/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Heh</title>
		<link>http://asecondhandconjecture.com/index.php/2009/02/25/heh-4/</link>
		<comments>http://asecondhandconjecture.com/index.php/2009/02/25/heh-4/#comments</comments>
		<pubDate>Thu, 26 Feb 2009 03:45:22 +0000</pubDate>
		<dc:creator>Lance</dc:creator>
				<category><![CDATA[Domestic Politics]]></category>
		<category><![CDATA[Humor]]></category>
		<category><![CDATA[Lance's Page]]></category>
		<category><![CDATA[bailout]]></category>
		<category><![CDATA[Dilbert]]></category>

		<guid isPermaLink="false">http://asecondhandconjecture.com/?p=6834</guid>
		<description><![CDATA[Dilbert]]></description>
		<wfw:commentRss>http://asecondhandconjecture.com/index.php/2009/02/25/heh-4/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Step Right Up! It&#8217;s Your Bailout Too!</title>
		<link>http://asecondhandconjecture.com/index.php/2008/12/03/step-right-up-its-your-bailout-too/</link>
		<comments>http://asecondhandconjecture.com/index.php/2008/12/03/step-right-up-its-your-bailout-too/#comments</comments>
		<pubDate>Wed, 03 Dec 2008 18:40:13 +0000</pubDate>
		<dc:creator>Lance</dc:creator>
				<category><![CDATA[Domestic Politics]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[Humor]]></category>
		<category><![CDATA[Lance's Page]]></category>
		<category><![CDATA[auto industry]]></category>
		<category><![CDATA[bailout]]></category>
		<category><![CDATA[Chrysler]]></category>
		<category><![CDATA[Financial Institutions]]></category>
		<category><![CDATA[Ford]]></category>
		<category><![CDATA[GM]]></category>
		<category><![CDATA[Hank Paulson]]></category>
		<category><![CDATA[treasury]]></category>

		<guid isPermaLink="false">http://asecondhandconjecture.com/?p=6372</guid>
		<description><![CDATA[I hear repeatedly from our fellow citizens &#8220;where is my bailout?&#8221; For those who have been wondering the fine journalists at Vanity Fair have found the paperwork so you can begin applying now for, as the application says, &#8220;free government &#8230; <a href="http://asecondhandconjecture.com/index.php/2008/12/03/step-right-up-its-your-bailout-too/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		<wfw:commentRss>http://asecondhandconjecture.com/index.php/2008/12/03/step-right-up-its-your-bailout-too/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Our Government&#8217;s Economic Policy Explained</title>
		<link>http://asecondhandconjecture.com/index.php/2008/12/02/our-governments-economic-policy-explained/</link>
		<comments>http://asecondhandconjecture.com/index.php/2008/12/02/our-governments-economic-policy-explained/#comments</comments>
		<pubDate>Wed, 03 Dec 2008 04:32:41 +0000</pubDate>
		<dc:creator>Lance</dc:creator>
				<category><![CDATA[Domestic Politics]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[Humor]]></category>
		<category><![CDATA[Lance's Page]]></category>
		<category><![CDATA[Barack Obama]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[federal spending]]></category>
		<category><![CDATA[fiscal stimulus]]></category>
		<category><![CDATA[Fred Thompson]]></category>

		<guid isPermaLink="false">http://asecondhandconjecture.com/?p=6369</guid>
		<description><![CDATA[By Fred Thompson. With only the most minor quibbles I not only laughed, but cried. Pretty much dead on: The sad thing is that it isn&#8217;t only &#8220;liberal&#8221; economists, it is the meat of the profession and plenty of so &#8230; <a href="http://asecondhandconjecture.com/index.php/2008/12/02/our-governments-economic-policy-explained/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		<wfw:commentRss>http://asecondhandconjecture.com/index.php/2008/12/02/our-governments-economic-policy-explained/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Calculating the cost of bailing out the economy</title>
		<link>http://asecondhandconjecture.com/index.php/2008/12/02/calculating-the-cost-of-bailing-out-the-economy/</link>
		<comments>http://asecondhandconjecture.com/index.php/2008/12/02/calculating-the-cost-of-bailing-out-the-economy/#comments</comments>
		<pubDate>Tue, 02 Dec 2008 16:00:44 +0000</pubDate>
		<dc:creator>Lance</dc:creator>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[Lance's Page]]></category>
		<category><![CDATA[bailout]]></category>
		<category><![CDATA[Federal Reserve]]></category>
		<category><![CDATA[housing]]></category>

		<guid isPermaLink="false">http://asecondhandconjecture.com/?p=6360</guid>
		<description><![CDATA[Now that the NBER has decided to endorse my view that we went into recession last December which I first first claimed last January, I think my points about the efficacy of fiscal stimulus still apply. As for spending already &#8230; <a href="http://asecondhandconjecture.com/index.php/2008/12/02/calculating-the-cost-of-bailing-out-the-economy/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		<wfw:commentRss>http://asecondhandconjecture.com/index.php/2008/12/02/calculating-the-cost-of-bailing-out-the-economy/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Bits and Pieces: 11-18-08</title>
		<link>http://asecondhandconjecture.com/index.php/2008/11/18/bits-and-pieces-11-18-08/</link>
		<comments>http://asecondhandconjecture.com/index.php/2008/11/18/bits-and-pieces-11-18-08/#comments</comments>
		<pubDate>Tue, 18 Nov 2008 07:15:46 +0000</pubDate>
		<dc:creator>Lance</dc:creator>
				<category><![CDATA[Lance's Page]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[Investing]]></category>
		<category><![CDATA[Playboy]]></category>
		<category><![CDATA[spam]]></category>
		<category><![CDATA[trade]]></category>
		<category><![CDATA[Wall Street]]></category>

		<guid isPermaLink="false">http://asecondhandconjecture.com/?p=6304</guid>
		<description><![CDATA[Russ Roberts:&#8221;Oh Please-President Bush has lost the right to say this.&#8221; Also, he has a great Mea Culpa on why he missed this, and a discussion that fits right into my theme about how many missed this meltdown, and advice &#8230; <a href="http://asecondhandconjecture.com/index.php/2008/11/18/bits-and-pieces-11-18-08/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		<wfw:commentRss>http://asecondhandconjecture.com/index.php/2008/11/18/bits-and-pieces-11-18-08/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Peter Schiff&#8217;s Payback</title>
		<link>http://asecondhandconjecture.com/index.php/2008/11/17/peter-schiffs-payback/</link>
		<comments>http://asecondhandconjecture.com/index.php/2008/11/17/peter-schiffs-payback/#comments</comments>
		<pubDate>Mon, 17 Nov 2008 15:40:30 +0000</pubDate>
		<dc:creator>Lance</dc:creator>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[Investing]]></category>
		<category><![CDATA[Lance's Page]]></category>
		<category><![CDATA[credit crisis]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[finance]]></category>
		<category><![CDATA[Peter Schiff]]></category>
		<category><![CDATA[risk]]></category>

		<guid isPermaLink="false">http://asecondhandconjecture.com/?p=6293</guid>
		<description><![CDATA[The insufferable Peter Schiff has a video going around, which frankly, is just brilliant. He may be unpleasant at times, but he nailed this thing, and took mounds of abuse while doing so. More importantly, I KNOW HOW HE FEELS! &#8230; <a href="http://asecondhandconjecture.com/index.php/2008/11/17/peter-schiffs-payback/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		<wfw:commentRss>http://asecondhandconjecture.com/index.php/2008/11/17/peter-schiffs-payback/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>De-leveraging</title>
		<link>http://asecondhandconjecture.com/index.php/2008/11/16/de-leveraging/</link>
		<comments>http://asecondhandconjecture.com/index.php/2008/11/16/de-leveraging/#comments</comments>
		<pubDate>Mon, 17 Nov 2008 02:56:29 +0000</pubDate>
		<dc:creator>Lance</dc:creator>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[Lance's Page]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[deleveraging]]></category>
		<category><![CDATA[leverage]]></category>

		<guid isPermaLink="false">http://asecondhandconjecture.com/?p=6276</guid>
		<description><![CDATA[Given the topic of tonight&#8217;s podcast I thought a little visual data might help. First, the explosion in US debt: Henry Blodget explains: From the early 1920s through 1985, the average level of debt-to-GDP in this country was 155%. The &#8230; <a href="http://asecondhandconjecture.com/index.php/2008/11/16/de-leveraging/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Whoopee, its bailout time!</title>
		<link>http://asecondhandconjecture.com/index.php/2008/11/13/whoopee-its-bailout-time/</link>
		<comments>http://asecondhandconjecture.com/index.php/2008/11/13/whoopee-its-bailout-time/#comments</comments>
		<pubDate>Thu, 13 Nov 2008 20:14:17 +0000</pubDate>
		<dc:creator>Lance</dc:creator>
				<category><![CDATA[Humor]]></category>
		<category><![CDATA[Lance's Page]]></category>
		<category><![CDATA[bailout]]></category>
		<category><![CDATA[Bloomberg]]></category>
		<category><![CDATA[Federal Reserve]]></category>
		<category><![CDATA[Financial Times]]></category>
		<category><![CDATA[industry]]></category>
		<category><![CDATA[Mr Magoo]]></category>
		<category><![CDATA[satire]]></category>
		<category><![CDATA[TURD]]></category>
		<category><![CDATA[whoopee cushions]]></category>

		<guid isPermaLink="false">http://asecondhandconjecture.com/?p=6214</guid>
		<description><![CDATA[From the comments at Financial Times: Nov. 13 (Bloomberg) — In a surprise move today, Whoopee Cushions Inc was approved bank holding company status by the Fed to enable the company access to the recently revised TURD scheme. Imported far-eastern &#8230; <a href="http://asecondhandconjecture.com/index.php/2008/11/13/whoopee-its-bailout-time/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Playmates during crisis</title>
		<link>http://asecondhandconjecture.com/index.php/2008/10/20/playmates-during-crisis/</link>
		<comments>http://asecondhandconjecture.com/index.php/2008/10/20/playmates-during-crisis/#comments</comments>
		<pubDate>Tue, 21 Oct 2008 02:52:01 +0000</pubDate>
		<dc:creator>Lance</dc:creator>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[Lance's Page]]></category>
		<category><![CDATA[social science]]></category>
		<category><![CDATA[2008]]></category>
		<category><![CDATA[beauty]]></category>
		<category><![CDATA[body mass]]></category>
		<category><![CDATA[breasts]]></category>
		<category><![CDATA[bust-to-waist ratio]]></category>
		<category><![CDATA[conditional economics]]></category>
		<category><![CDATA[credit crisis]]></category>
		<category><![CDATA[Environmental Security Hypothesis]]></category>
		<category><![CDATA[facial features]]></category>
		<category><![CDATA[gender]]></category>
		<category><![CDATA[index values]]></category>
		<category><![CDATA[Jayde Nicole]]></category>
		<category><![CDATA[Playboy]]></category>
		<category><![CDATA[playmates]]></category>
		<category><![CDATA[pornography]]></category>
		<category><![CDATA[reproduction]]></category>
		<category><![CDATA[sex]]></category>
		<category><![CDATA[social dynamics]]></category>
		<category><![CDATA[Tyler Cowen]]></category>
		<category><![CDATA[women]]></category>

		<guid isPermaLink="false">http://asecondhandconjecture.com/?p=5910</guid>
		<description><![CDATA[Does the object of our desire tend to change during tough times? Yes, according to this paper on men&#8217;s preferences when it comes to Playboy&#8217;s models: Consistent with Environmental Security Hypothesis predictions, when social and economic conditions were difficult, older, &#8230; <a href="http://asecondhandconjecture.com/index.php/2008/10/20/playmates-during-crisis/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Laid Off By Lehman: One Broker&#8217;s Story</title>
		<link>http://asecondhandconjecture.com/index.php/2008/10/17/laid-off-by-lehman-one-brokers-story/</link>
		<comments>http://asecondhandconjecture.com/index.php/2008/10/17/laid-off-by-lehman-one-brokers-story/#comments</comments>
		<pubDate>Fri, 17 Oct 2008 18:36:18 +0000</pubDate>
		<dc:creator>Lance</dc:creator>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[Humor]]></category>
		<category><![CDATA[Lance's Page]]></category>
		<category><![CDATA[brokers]]></category>
		<category><![CDATA[Lehman Brothers]]></category>
		<category><![CDATA[video]]></category>

		<guid isPermaLink="false">http://asecondhandconjecture.com/?p=5871</guid>
		<description><![CDATA[Heh, heh, heh.]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The View From Here</title>
		<link>http://asecondhandconjecture.com/index.php/2008/10/14/the-view-from-here/</link>
		<comments>http://asecondhandconjecture.com/index.php/2008/10/14/the-view-from-here/#comments</comments>
		<pubDate>Wed, 15 Oct 2008 04:51:09 +0000</pubDate>
		<dc:creator>Lance</dc:creator>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[Investing]]></category>
		<category><![CDATA[Lance's Page]]></category>
		<category><![CDATA[bailout]]></category>
		<category><![CDATA[LA Times]]></category>
		<category><![CDATA[the economy]]></category>

		<guid isPermaLink="false">http://asecondhandconjecture.com/?p=5863</guid>
		<description><![CDATA[I wonder if the juxtaposition of that headline and that photo was intentional? Anyway, over at Risk and Return I follow up Dale, McQ and my discussion of the markets and the economy during the last couple of podcasts with &#8230; <a href="http://asecondhandconjecture.com/index.php/2008/10/14/the-view-from-here/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Are We Maiking Things Worse?</title>
		<link>http://asecondhandconjecture.com/index.php/2008/10/12/are-we-maiking-things-worse/</link>
		<comments>http://asecondhandconjecture.com/index.php/2008/10/12/are-we-maiking-things-worse/#comments</comments>
		<pubDate>Mon, 13 Oct 2008 03:56:54 +0000</pubDate>
		<dc:creator>Lance</dc:creator>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[Lance's Page]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[credit crisis]]></category>
		<category><![CDATA[Federal Reserve]]></category>
		<category><![CDATA[LIBOR]]></category>

		<guid isPermaLink="false">http://asecondhandconjecture.com/?p=5851</guid>
		<description><![CDATA[Yves Smith hits a theme I have been harping on, the Federal Reserve, and central banks in general, are making things worse in may ways by destroying the incentive for banks to lend or borrow from one another. She quotes &#8230; <a href="http://asecondhandconjecture.com/index.php/2008/10/12/are-we-maiking-things-worse/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		<wfw:commentRss>http://asecondhandconjecture.com/index.php/2008/10/12/are-we-maiking-things-worse/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Stock and Awe in Baghdad</title>
		<link>http://asecondhandconjecture.com/index.php/2008/10/10/stock-and-awe-in-baghdad/</link>
		<comments>http://asecondhandconjecture.com/index.php/2008/10/10/stock-and-awe-in-baghdad/#comments</comments>
		<pubDate>Fri, 10 Oct 2008 16:09:12 +0000</pubDate>
		<dc:creator>Lance</dc:creator>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[Foreign affairs]]></category>
		<category><![CDATA[Investing]]></category>
		<category><![CDATA[Lance's Page]]></category>
		<category><![CDATA[Bull Market]]></category>
		<category><![CDATA[Iraq]]></category>
		<category><![CDATA[Stock market]]></category>
		<category><![CDATA[Wall Street]]></category>

		<guid isPermaLink="false">http://asecondhandconjecture.com/?p=5847</guid>
		<description><![CDATA[The Markets have spoken, the best place to invest in the world is&#8230;Iraq! Now it’s stock and awe in Baghdad! As the Dow plummeted nearly 700 points yesterday to fall well below the 9,000 mark, the Iraqi stock exchange &#8211; &#8230; <a href="http://asecondhandconjecture.com/index.php/2008/10/10/stock-and-awe-in-baghdad/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		<wfw:commentRss>http://asecondhandconjecture.com/index.php/2008/10/10/stock-and-awe-in-baghdad/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>JP Morgan, Lehman and Nightmares</title>
		<link>http://asecondhandconjecture.com/index.php/2008/10/05/jp-morgan-lehman-and-nightmares/</link>
		<comments>http://asecondhandconjecture.com/index.php/2008/10/05/jp-morgan-lehman-and-nightmares/#comments</comments>
		<pubDate>Mon, 06 Oct 2008 04:39:51 +0000</pubDate>
		<dc:creator>Lance</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[Bank of America]]></category>
		<category><![CDATA[Bear Stearns]]></category>
		<category><![CDATA[CDS]]></category>
		<category><![CDATA[Citibank]]></category>
		<category><![CDATA[credit crisis]]></category>
		<category><![CDATA[Credit Default Swaps]]></category>
		<category><![CDATA[derivatives]]></category>
		<category><![CDATA[Federal Reserve]]></category>
		<category><![CDATA[JP Morgan]]></category>
		<category><![CDATA[Lehman Brothers]]></category>

		<guid isPermaLink="false">http://asecondhandconjecture.com/?p=5837</guid>
		<description><![CDATA[I am often asked about individual bank stocks, especially JP Morgan. Generally my answer is that Bank of America, JP Morgan and a few others look to be likely survivors, but how profitable they will be I am really unsure. &#8230; <a href="http://asecondhandconjecture.com/index.php/2008/10/05/jp-morgan-lehman-and-nightmares/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		<wfw:commentRss>http://asecondhandconjecture.com/index.php/2008/10/05/jp-morgan-lehman-and-nightmares/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Another Reason To Not Like The Plan</title>
		<link>http://asecondhandconjecture.com/index.php/2008/10/02/another-reason-to-not-like-the-plan/</link>
		<comments>http://asecondhandconjecture.com/index.php/2008/10/02/another-reason-to-not-like-the-plan/#comments</comments>
		<pubDate>Fri, 03 Oct 2008 03:54:52 +0000</pubDate>
		<dc:creator>Lance</dc:creator>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[Lance's Page]]></category>
		<category><![CDATA[Ben Bernanke]]></category>
		<category><![CDATA[credit crisis]]></category>
		<category><![CDATA[Federal Reserve]]></category>
		<category><![CDATA[Hank Paulson]]></category>
		<category><![CDATA[money markets]]></category>

		<guid isPermaLink="false">http://asecondhandconjecture.com/?p=5835</guid>
		<description><![CDATA[I have argued in the past that the Federal Reserve&#8217;s policies may be helping in some ways, but hurting in others. Way too much borrowing and lending is running through the Fed which is drying up lending between banks. It &#8230; <a href="http://asecondhandconjecture.com/index.php/2008/10/02/another-reason-to-not-like-the-plan/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		<wfw:commentRss>http://asecondhandconjecture.com/index.php/2008/10/02/another-reason-to-not-like-the-plan/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>In Summary</title>
		<link>http://asecondhandconjecture.com/index.php/2008/10/02/in-summary/</link>
		<comments>http://asecondhandconjecture.com/index.php/2008/10/02/in-summary/#comments</comments>
		<pubDate>Fri, 03 Oct 2008 02:49:43 +0000</pubDate>
		<dc:creator>Lance</dc:creator>
				<category><![CDATA[Domestic Politics]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[Lance's Page]]></category>
		<category><![CDATA[regulation]]></category>
		<category><![CDATA[Austrian Economics]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[Chris Dodd]]></category>
		<category><![CDATA[Credit Default Swaps]]></category>
		<category><![CDATA[Debt crisis]]></category>
		<category><![CDATA[deregulation]]></category>
		<category><![CDATA[economic policy]]></category>
		<category><![CDATA[FDIC]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[Hank Paulson]]></category>
		<category><![CDATA[hedge funds]]></category>
		<category><![CDATA[Lehman Brothers]]></category>
		<category><![CDATA[moral hazard]]></category>
		<category><![CDATA[TED spread]]></category>

		<guid isPermaLink="false">http://asecondhandconjecture.com/?p=5831</guid>
		<description><![CDATA[Tyler Cowen states his basic views on the crisis. My response in italics: 1. Glass-Steagall repeal was not a major cause of the financial crisis, nor was government-induced &#8220;minority lending.&#8221; I agree on the first, the second charge has some &#8230; <a href="http://asecondhandconjecture.com/index.php/2008/10/02/in-summary/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Strategery Capital Management LLC</title>
		<link>http://asecondhandconjecture.com/index.php/2008/10/02/strategery-capital-management-llc/</link>
		<comments>http://asecondhandconjecture.com/index.php/2008/10/02/strategery-capital-management-llc/#comments</comments>
		<pubDate>Thu, 02 Oct 2008 20:31:23 +0000</pubDate>
		<dc:creator>Lance</dc:creator>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[Humor]]></category>
		<category><![CDATA[Investing]]></category>
		<category><![CDATA[Lance's Page]]></category>
		<category><![CDATA[Ben Bernanke]]></category>
		<category><![CDATA[credit crisis]]></category>
		<category><![CDATA[distressed debt]]></category>
		<category><![CDATA[George Bush]]></category>
		<category><![CDATA[Hank Paulson]]></category>
		<category><![CDATA[hedge funds]]></category>

		<guid isPermaLink="false">http://asecondhandconjecture.com/?p=5829</guid>
		<description><![CDATA[A new distressed debt leveraged hedge fund has been launched: Go visit the website for all their competitive advantages!]]></description>
		<wfw:commentRss>http://asecondhandconjecture.com/index.php/2008/10/02/strategery-capital-management-llc/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>When are we being Chicken Littles?</title>
		<link>http://asecondhandconjecture.com/index.php/2008/10/01/when-are-we-being-chicken-littles/</link>
		<comments>http://asecondhandconjecture.com/index.php/2008/10/01/when-are-we-being-chicken-littles/#comments</comments>
		<pubDate>Thu, 02 Oct 2008 05:27:02 +0000</pubDate>
		<dc:creator>Lance</dc:creator>
				<category><![CDATA[Domestic Politics]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[Lance's Page]]></category>
		<category><![CDATA[bailout]]></category>
		<category><![CDATA[Debt crisis]]></category>
		<category><![CDATA[Hank Paulson]]></category>
		<category><![CDATA[housing]]></category>
		<category><![CDATA[housing market]]></category>
		<category><![CDATA[investment banks]]></category>
		<category><![CDATA[Lehman Brothers]]></category>
		<category><![CDATA[Morgan Stanley]]></category>

		<guid isPermaLink="false">http://asecondhandconjecture.com/?p=5825</guid>
		<description><![CDATA[Let us look at one of the ways that we are being panicked unnecessarily, and why incidentally we can help many of these financial institutions in the fashion I discussed in my post on a potential alternative plan. In my &#8230; <a href="http://asecondhandconjecture.com/index.php/2008/10/01/when-are-we-being-chicken-littles/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		<wfw:commentRss>http://asecondhandconjecture.com/index.php/2008/10/01/when-are-we-being-chicken-littles/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>My favorite proposal for helping financial institutions</title>
		<link>http://asecondhandconjecture.com/index.php/2008/10/01/my-favorite-proposal-for-helping-financial-institutions/</link>
		<comments>http://asecondhandconjecture.com/index.php/2008/10/01/my-favorite-proposal-for-helping-financial-institutions/#comments</comments>
		<pubDate>Wed, 01 Oct 2008 15:28:51 +0000</pubDate>
		<dc:creator>Lance</dc:creator>
				<category><![CDATA[Domestic Politics]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[Lance's Page]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[bond holders]]></category>
		<category><![CDATA[credit crisis]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Federal Reserve]]></category>
		<category><![CDATA[finance]]></category>
		<category><![CDATA[Goldman Sachs]]></category>
		<category><![CDATA[John Hussman]]></category>
		<category><![CDATA[Paulson plan]]></category>
		<category><![CDATA[Warren Buffett]]></category>

		<guid isPermaLink="false">http://asecondhandconjecture.com/?p=5823</guid>
		<description><![CDATA[I do believe we should be doing something as a nation, through our government, to avoid the not insignificant chance of a total financial meltdown. I have seen several things proposed that I find interesting, and I will get into &#8230; <a href="http://asecondhandconjecture.com/index.php/2008/10/01/my-favorite-proposal-for-helping-financial-institutions/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		<wfw:commentRss>http://asecondhandconjecture.com/index.php/2008/10/01/my-favorite-proposal-for-helping-financial-institutions/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Hooray for Mental Health!</title>
		<link>http://asecondhandconjecture.com/index.php/2008/10/01/hooray-for-mental-health/</link>
		<comments>http://asecondhandconjecture.com/index.php/2008/10/01/hooray-for-mental-health/#comments</comments>
		<pubDate>Wed, 01 Oct 2008 13:43:36 +0000</pubDate>
		<dc:creator>Lance</dc:creator>
				<category><![CDATA[Domestic Politics]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[Lance's Page]]></category>
		<category><![CDATA[taxes]]></category>
		<category><![CDATA[economic stimulus]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[Paulson plan]]></category>
		<category><![CDATA[renewable energy]]></category>

		<guid isPermaLink="false">http://asecondhandconjecture.com/?p=5821</guid>
		<description><![CDATA[If you support the Paulson bailout plan that is. The New York Times has coverage. The Senate proposal would cost more than $100 billion and extend and expand many individual and business tax breaks, including tax credits for the production &#8230; <a href="http://asecondhandconjecture.com/index.php/2008/10/01/hooray-for-mental-health/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		<wfw:commentRss>http://asecondhandconjecture.com/index.php/2008/10/01/hooray-for-mental-health/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Monetary Base Finally Moves</title>
		<link>http://asecondhandconjecture.com/index.php/2008/09/30/the-monetary-base-finally-moves/</link>
		<comments>http://asecondhandconjecture.com/index.php/2008/09/30/the-monetary-base-finally-moves/#comments</comments>
		<pubDate>Wed, 01 Oct 2008 04:04:11 +0000</pubDate>
		<dc:creator>Lance</dc:creator>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[Lance's Page]]></category>
		<category><![CDATA[Debt crisis]]></category>
		<category><![CDATA[Federal Reserve]]></category>
		<category><![CDATA[leverage]]></category>
		<category><![CDATA[monetray policy]]></category>
		<category><![CDATA[treasury]]></category>

		<guid isPermaLink="false">http://asecondhandconjecture.com/?p=5819</guid>
		<description><![CDATA[The Federal Reserve has for a long time eschewed increasing the money supply directly, and instead has manipulated credit to affect the economy and control inflation. This has led to three important things which are in my opinion at the &#8230; <a href="http://asecondhandconjecture.com/index.php/2008/09/30/the-monetary-base-finally-moves/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		<wfw:commentRss>http://asecondhandconjecture.com/index.php/2008/09/30/the-monetary-base-finally-moves/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>We are led by little men and women</title>
		<link>http://asecondhandconjecture.com/index.php/2008/09/29/we-are-led-by-little-men-and-women/</link>
		<comments>http://asecondhandconjecture.com/index.php/2008/09/29/we-are-led-by-little-men-and-women/#comments</comments>
		<pubDate>Tue, 30 Sep 2008 00:33:09 +0000</pubDate>
		<dc:creator>Lance</dc:creator>
				<category><![CDATA[Domestic Politics]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[Lance's Page]]></category>
		<category><![CDATA[bailout]]></category>
		<category><![CDATA[congress]]></category>
		<category><![CDATA[Democrats]]></category>
		<category><![CDATA[John Boehner]]></category>
		<category><![CDATA[Nancy Pelosi]]></category>
		<category><![CDATA[Paulson plan]]></category>
		<category><![CDATA[Republicans]]></category>

		<guid isPermaLink="false">http://asecondhandconjecture.com/?p=5815</guid>
		<description><![CDATA[I was not in favor of the Paulson plan if you haven&#8217;t caught that yet. Still, the pitiful display from our congress today set a recent low. First, faced with an unpopular and contentious bill which she feels for the &#8230; <a href="http://asecondhandconjecture.com/index.php/2008/09/29/we-are-led-by-little-men-and-women/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		<wfw:commentRss>http://asecondhandconjecture.com/index.php/2008/09/29/we-are-led-by-little-men-and-women/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>The SEC doesn&#8217;t get the short end of the stick</title>
		<link>http://asecondhandconjecture.com/index.php/2008/09/29/the-sec-doesnt-get-the-short-end-of-the-stick/</link>
		<comments>http://asecondhandconjecture.com/index.php/2008/09/29/the-sec-doesnt-get-the-short-end-of-the-stick/#comments</comments>
		<pubDate>Mon, 29 Sep 2008 20:38:09 +0000</pubDate>
		<dc:creator>Lance</dc:creator>
				<category><![CDATA[Investing]]></category>
		<category><![CDATA[Lance's Page]]></category>
		<category><![CDATA[markets]]></category>
		<category><![CDATA[short selling]]></category>
		<category><![CDATA[Stock market]]></category>

		<guid isPermaLink="false">http://asecondhandconjecture.com/?p=5813</guid>
		<description><![CDATA[If they did, then they wouldn&#8217;t have banned short selling. People may have noticed that the ban hasn&#8217;t helped, and today we see one of the real costs. See, when markets collapse like today, short sellers dive into the market &#8230; <a href="http://asecondhandconjecture.com/index.php/2008/09/29/the-sec-doesnt-get-the-short-end-of-the-stick/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		<wfw:commentRss>http://asecondhandconjecture.com/index.php/2008/09/29/the-sec-doesnt-get-the-short-end-of-the-stick/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>&#8230;and I want a pony!</title>
		<link>http://asecondhandconjecture.com/index.php/2008/09/29/and-i-want-a-pony/</link>
		<comments>http://asecondhandconjecture.com/index.php/2008/09/29/and-i-want-a-pony/#comments</comments>
		<pubDate>Mon, 29 Sep 2008 14:36:43 +0000</pubDate>
		<dc:creator>Lance</dc:creator>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[Lance's Page]]></category>
		<category><![CDATA[bailout]]></category>
		<category><![CDATA[Chrysler]]></category>
		<category><![CDATA[housing]]></category>
		<category><![CDATA[housing market]]></category>
		<category><![CDATA[Larry Summers]]></category>
		<category><![CDATA[Mark Thoma]]></category>
		<category><![CDATA[mortgage crisis]]></category>

		<guid isPermaLink="false">http://asecondhandconjecture.com/?p=5805</guid>
		<description><![CDATA[Larry Summers and Mark Thoma argue that if done right the bailout will mean we can solve this crisis and still have everything we want, tax cuts, health care spending and all kinds of other goodies. Larry argues: Just as &#8230; <a href="http://asecondhandconjecture.com/index.php/2008/09/29/and-i-want-a-pony/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		<wfw:commentRss>http://asecondhandconjecture.com/index.php/2008/09/29/and-i-want-a-pony/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Remember The Last Dire Warning?</title>
		<link>http://asecondhandconjecture.com/index.php/2008/09/22/remember-the-last-dire-warning/</link>
		<comments>http://asecondhandconjecture.com/index.php/2008/09/22/remember-the-last-dire-warning/#comments</comments>
		<pubDate>Mon, 22 Sep 2008 17:04:39 +0000</pubDate>
		<dc:creator>Lance</dc:creator>
				<category><![CDATA[Domestic Politics]]></category>
		<category><![CDATA[Lance's Page]]></category>
		<category><![CDATA[investment banks]]></category>
		<category><![CDATA[Wall Street]]></category>

		<guid isPermaLink="false">http://asecondhandconjecture.com/?p=5786</guid>
		<description><![CDATA[]]></description>
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		<slash:comments>0</slash:comments>
		</item>
	</channel>
</rss>

