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		<title>The Coming Pan-European Sovereign Debt Crisis</title>
		<description>Discuss The Coming Pan-European Sovereign Debt Crisis</description>
		<link>http://boombustblog.com/reggie-in-the-news/item/1214-the-coming-pan-european-soverign-debt-crisis</link>
		<lastBuildDate>Sun, 26 May 2013 03:23:31 +0000</lastBuildDate>
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			<title>Josecito says:</title>
			<link>http://boombustblog.com/reggie-in-the-news/item/1214-the-coming-pan-european-soverign-debt-crisis#comment-450</link>
			<description><![CDATA[I cannot answer your question on GDP, for it is starting to appear that the GDP calculations, somewhat like race, is a social construct that has relatively little bearing on empirical fact :-) True, it's just like the so called CORE INFLATION RATE. I see inflation everywhere. Gas is up and food is up. I live in Little Havana Miami, Florida. My favorite milkshakes (fruta bomba) now cost twice the price-4 bucks and are half the size. I've never seen this before. This is just one example of hundreds how everything has gone up in price. Inflation is taking off. From previous posts in this thread, it seems that we are moving towards some ugly increases in prices.]]></description>
			<dc:creator>Josecito</dc:creator>
			<pubDate>Mon, 21 Mar 2011 23:17:51 +0000</pubDate>
			<guid>http://boombustblog.com/reggie-in-the-news/item/1214-the-coming-pan-european-soverign-debt-crisis#comment-450</guid>
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			<title>SilverSurfer21 says:</title>
			<link>http://boombustblog.com/reggie-in-the-news/item/1214-the-coming-pan-european-soverign-debt-crisis#comment-457</link>
			<description><![CDATA[Great read but you misspelled Sovereign in the title, lol]]></description>
			<dc:creator>SilverSurfer21</dc:creator>
			<pubDate>Wed, 16 Mar 2011 21:17:38 +0000</pubDate>
			<guid>http://boombustblog.com/reggie-in-the-news/item/1214-the-coming-pan-european-soverign-debt-crisis#comment-457</guid>
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			<title>keith taylor says:</title>
			<link>http://boombustblog.com/reggie-in-the-news/item/1214-the-coming-pan-european-soverign-debt-crisis#comment-722</link>
			<description><![CDATA[i love your economic, political and cultural analysis.]]></description>
			<dc:creator>keith taylor</dc:creator>
			<pubDate>Thu, 27 Jan 2011 10:16:20 +0000</pubDate>
			<guid>http://boombustblog.com/reggie-in-the-news/item/1214-the-coming-pan-european-soverign-debt-crisis#comment-722</guid>
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			<title>Reggie Middleton says:</title>
			<link>http://boombustblog.com/reggie-in-the-news/item/1214-the-coming-pan-european-soverign-debt-crisis#comment-1491</link>
			<description><![CDATA["There are intellectually advantaged and disadvantaged members of any group. Furthermore, race is a social construct thereby the concept of race is a non-sequitir. We all have a little bit of everyone else instead of monolithic unchangeable racial structures." Yes, but a social construct designed to perpetuate the current socio-economic struccture, my wise paduwan :-0 I cannot answer your question on GDP, for it is starting to appear that the GDP calculations, somewhat like race, is a social construct that has relatively little bearing on empirical fact :-) The hyper-inflation, on the other hand is a foregone conclusion, but timing will be difficult. I believe will have prolonged deflation, marred by periods of nasty stagflation for the demand will not be available to support full blown inflation. This may go on for a while, as in Japan who has spent 20 years with QE and zero interest rates. If, or when, things ever do move in the opposite direction it will be nearly impossible for central bankers and politicos to turn off the spigots in time and in the right sequence, hence the potential for the hyper-inflation that you speak of. Just my uneducated, layman's opinion, of course.]]></description>
			<dc:creator>Reggie Middleton</dc:creator>
			<pubDate>Thu, 29 Jul 2010 11:11:33 +0000</pubDate>
			<guid>http://boombustblog.com/reggie-in-the-news/item/1214-the-coming-pan-european-soverign-debt-crisis#comment-1491</guid>
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			<title>Josecito says:</title>
			<link>http://boombustblog.com/reggie-in-the-news/item/1214-the-coming-pan-european-soverign-debt-crisis#comment-1490</link>
			<description><![CDATA[Could someone answer my questions which are more important than the silliness of whether black people are smart or not? Blacks are like whites are like any other humans on Earth. There are intellectually advantaged and disadvantaged members of any group. Furthermore, race is a social construct thereby the concept of race is a non-sequitir. We all have a little bit of everyone else instead of monolithic unchangeable racial structures. I thought that by 2010 we'd be beyond this nonsense. Now, Reggie, could you answer my questions please?]]></description>
			<dc:creator>Josecito</dc:creator>
			<pubDate>Thu, 29 Jul 2010 03:56:49 +0000</pubDate>
			<guid>http://boombustblog.com/reggie-in-the-news/item/1214-the-coming-pan-european-soverign-debt-crisis#comment-1490</guid>
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			<title>Reggie Middleton says:</title>
			<link>http://boombustblog.com/reggie-in-the-news/item/1214-the-coming-pan-european-soverign-debt-crisis#comment-1528</link>
			<description><![CDATA[Thanks, I think... I actually understand what you mean and appreciate your honesty. It is not so much cultural, as it is constant programmming, misinformation and disinformation in the media. Get to know more Black people and let your actual personal experiences take the place of media programming (ex. unplug from the matrix) and you will find you come to an alternate conclusion for a lot of topics, with race being just one of many issues that would have changed your mind on. Our nations, and worlds, economic situation being among one of them.]]></description>
			<dc:creator>Reggie Middleton</dc:creator>
			<pubDate>Wed, 28 Jul 2010 09:59:37 +0000</pubDate>
			<guid>http://boombustblog.com/reggie-in-the-news/item/1214-the-coming-pan-european-soverign-debt-crisis#comment-1528</guid>
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			<title>Josh Martin says:</title>
			<link>http://boombustblog.com/reggie-in-the-news/item/1214-the-coming-pan-european-soverign-debt-crisis#comment-1526</link>
			<description><![CDATA[For many years, I am a bit embarrassed to admit that was "racist", not in the sense of disliking people of other races...but I disrespected the "genetic" ability of black people to do intellectual work. Since I've been reading Reggie's work, however, I realized that I was completely wrong. The issue has got to be cultural. My thoughts on this issue have reversed 360 degrees. Reggie, you are a brilliant analyst.]]></description>
			<dc:creator>Josh Martin</dc:creator>
			<pubDate>Wed, 28 Jul 2010 06:05:12 +0000</pubDate>
			<guid>http://boombustblog.com/reggie-in-the-news/item/1214-the-coming-pan-european-soverign-debt-crisis#comment-1526</guid>
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			<title>Josecito says:</title>
			<link>http://boombustblog.com/reggie-in-the-news/item/1214-the-coming-pan-european-soverign-debt-crisis#comment-1582</link>
			<description><![CDATA[I guess I can answer my previous question by the following: the German and French banks can continue these games until the devaluation of the currency via inorganic emissions does not allow it. In other words, until the devaluation of the currency is insufficient to meet the current obligations. As more and more inorganic emissions of the currency are demanded to meet the current obligations, it will reach a point of hyper-inflation where not even an infinite amount of currency will meet the most minimal demands. Another question I have is if these assets registered by the banks appears in the GDP since investments are a component of GDP, then how is it possible that the banks list assets that are multiples of GDP? Wouldn't these investments also appear in an evaluation of GDP?]]></description>
			<dc:creator>Josecito</dc:creator>
			<pubDate>Mon, 19 Jul 2010 16:13:26 +0000</pubDate>
			<guid>http://boombustblog.com/reggie-in-the-news/item/1214-the-coming-pan-european-soverign-debt-crisis#comment-1582</guid>
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			<title>Josecito says:</title>
			<link>http://boombustblog.com/reggie-in-the-news/item/1214-the-coming-pan-european-soverign-debt-crisis#comment-1585</link>
			<description><![CDATA[Thanks for the heads up. Since the German and French banks list as assets those monies that are owed to them by the insolvent banks in the PIGS euro-zone, aren't then the German and French banks themselves at some level also insolvent? I am just amazed at how they are able to keep this going. I believe in one of your article or someone else speaking of a 100 trillion dollar circle jerk being run by European and American banks. It would seem their ability at game playing is infinite though, given the years that have gone by and the massive collapse we are all waiting for hasn't yet materialized. Is it possible to keep this game going ad infinitum?]]></description>
			<dc:creator>Josecito</dc:creator>
			<pubDate>Sat, 17 Jul 2010 15:44:58 +0000</pubDate>
			<guid>http://boombustblog.com/reggie-in-the-news/item/1214-the-coming-pan-european-soverign-debt-crisis#comment-1585</guid>
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			<title>Reggie Middleton says:</title>
			<link>http://boombustblog.com/reggie-in-the-news/item/1214-the-coming-pan-european-soverign-debt-crisis#comment-1598</link>
			<description><![CDATA[Thanks for the compliment. I don't have the time and the bandwidth to take on another project, but there are several noteworthy projects already on the web. For instance, investopedia.com has plain English definitions of most financial terms. See http://www.investopedia.com/terms/n/Non-Performing-Assets.asp for NPAs: Non-Performing Asset (NPA) What Does It Mean? What Does Non-Performing Asset (NPA) Mean? A classification used by financial institutions that refer to loans that are in jeopardy of default. Once the borrower has failed to make interest or principal payments for 90 days the loan is considered to be a non-performing asset. Also known as “non-performing loan”. Investopedia Says Investopedia explains Non-Performing Asset (NPA) Non-performing assets are problematic for financial institutions since they depend on interest payments for income. Troublesome pressure from the economy can lead to a sharp increase in non-performing loans and often results in massive write-downs.]]></description>
			<dc:creator>Reggie Middleton</dc:creator>
			<pubDate>Thu, 15 Jul 2010 19:18:46 +0000</pubDate>
			<guid>http://boombustblog.com/reggie-in-the-news/item/1214-the-coming-pan-european-soverign-debt-crisis#comment-1598</guid>
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