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	<title>Investing Contrarian</title>
	<link>http://investingcontrarian.com</link>
	<description>Contrarian Investmen Sense of Financial News</description>
	<lastBuildDate>Fri, 12 Mar 2010 02:25:48 +0000</lastBuildDate>
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	<language>en</language>
	
	<item>
		<title>The Debt Potato</title>
		<description><![CDATA[The past year has been all about shifting debt. 
The financial crisis drove American homeowners into debt. Homeowners defaulted on their loans (or threatened to), driving the banks into debt. The U.S. government bailed out the banks, shifting debt to the public balance sheet. 
]]></description>
		<link>http://investingcontrarian.com/global/the-debt-potato/</link>
			</item>
	<item>
		<title>30 year auction: A near failure</title>
		<description><![CDATA[We have been saying this for a while that while the 2 and 10 year continue to attract interest, the longer dated auctions are losing steam very quickly. 
Today 30 year auction has left a sour taste and one that makes sit back and think of the eventual fall of the US bond markets. When]]></description>
		<link>http://investingcontrarian.com/global/30-year-auction-a-near-failure/</link>
			</item>
	<item>
		<title>India: Next Growth Engine of the world</title>
		<description><![CDATA[Just how fast can India grow? Ask Manal Farooq, who can&#8217;t make gloves quickly enough.
&#8220;We are facing a major problem,&#8221; said Farooq, a senior executive at Marvel Gloves Industries, which produces 3 million pairs of gloves a month, most used in industrial production in India. &#8220;Despite importing gloves we are not able to meet demand.&#8221;
The]]></description>
		<link>http://investingcontrarian.com/india-investing/india-next-growth-engine-of-the-world/</link>
			</item>
	<item>
		<title>Unemployment rate rises in 30 states</title>
		<description><![CDATA[Unemployment rose in 30 states in January, the Labor Department said Wednesday, evidence that jobs remain scarce in most regions of the country. five states reported record-high joblessness in January: California, at 12.5 percent; South Carolina, 12.6 percent; Florida, 11.9 percent; North Carolina, 11.1 percent; and Georgia, 10.4 percent.
Michigan&#8217;s unemployment rate is still the nation&#8217;s]]></description>
		<link>http://investingcontrarian.com/global/unemployment-rate-rises-in-30-states/</link>
			</item>
	<item>
		<title>PIMCO: Avoid Spain like plague</title>
		<description><![CDATA[Mohamed A. El-Erian, whose company runs the world’s biggest mutual fund, said deteriorating public finances may affect the global economy more than is currently realized. 
“The importance of the shock to public finances in advanced economies is not yet sufficiently appreciated and understood,” El-Erian, co-chief investment officer at Pacific Investment Management Co., wrote in an]]></description>
		<link>http://investingcontrarian.com/global/pimco-avoid-spain-like-plague/</link>
			</item>
	<item>
		<title>Groundbreaking Developments in Gold and Mineral Exploration</title>
		<description><![CDATA[I'm spending a few days in Toronto at the Prospectors and Developers Association of Canada annual conference. 
This is one of the mining industry's largest events. Thousands of companies descend on the site to promote their projects. Financiers from across the globe come armed with billions of dollars slated for mineral investment. 
]]></description>
		<link>http://investingcontrarian.com/global/groundbreaking-developments-in-gold-and-mineral-exploration/</link>
			</item>
	<item>
		<title>China continues to Zip in Feb: 46% export rise. Someone call Chanos</title>
		<description><![CDATA[I feel really sorry for the LPs of Janos who had literally written of China when he called for that historic short on China. 
China&#8217;s exports rose more than forecast in February and posted a third straight gain, a rebound that adds to pressure on policy makers to pare back stimulus measures adopted during the]]></description>
		<link>http://investingcontrarian.com/china-investing/china-continues-to-zip-in-feb-46-export-rise-someone-call-chanos/</link>
			</item>
	<item>
		<title>10 Year auctions: Well bid</title>
		<description><![CDATA[Bid/Cover	        3.45
Total Amount	$21 B
Yield Awarded	3.735% 
The 10 Year auction was among the healthiest auction in the last 6 months with Bid/cover coming in at 3.45 while indirect bidders taking 35% of the amount. If tomorrow  30 year auction turns to be healthy, Gold may have topped for]]></description>
		<link>http://investingcontrarian.com/global/10-year-auctions-well-bid/</link>
			</item>
	<item>
		<title>US millionaires grew: So did the poor!</title>
		<description><![CDATA[We updated you earlier today with the news item that US millionaires rose 7.8% in 2009. 
The number of U.S. households with a net worth of $1 million or more, not including primary residence (NIPR), grew 16% to 7.8 million in 2009, up from 6.7 million the year before, according to “Affluent Market Insights 2010,”]]></description>
		<link>http://investingcontrarian.com/global/us-millionaires-grew-so-did-the-poor/</link>
			</item>
	<item>
		<title>US millionaires grew 7.8% in 2009</title>
		<description><![CDATA[U.S. Millionaires Grow 16% to 7.8 Million in 2009
Follows Sharp Decline the Year Before
Households Worth $5 Million or More Increase 17% to 980,000

The number of U.S. households with a net worth of $1 million or more, not including primary residence (NIPR), grew 16% to 7.8 million in 2009, up from 6.7 million the year before,]]></description>
		<link>http://investingcontrarian.com/global/us-millionaires-grew-7-8-in-2009/</link>
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