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	<title>David&#039;s Macro Blog &#187; boom and bust</title>
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	<link>http://www.davidoverfield.com</link>
	<description>Analysis and commentary on business, economics, real estate, financial markets, and other fun topics</description>
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		<title>The World Collapse Explained in 3 Minutes (Too Funny)</title>
		<link>http://www.davidoverfield.com/506/the-world-collapse-explained-in-3-minutes-too-funny/</link>
		<comments>http://www.davidoverfield.com/506/the-world-collapse-explained-in-3-minutes-too-funny/#comments</comments>
		<pubDate>Fri, 27 Aug 2010 22:00:14 +0000</pubDate>
		<dc:creator>David Overfield</dc:creator>
				<category><![CDATA[Business and Finance]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[boom and bust]]></category>
		<category><![CDATA[economic cycle]]></category>
		<category><![CDATA[financial collapse 2008]]></category>
		<category><![CDATA[global financial crisis]]></category>
		<category><![CDATA[video]]></category>

		<guid isPermaLink="false">http://www.davidoverfield.com/?p=506</guid>
		<description><![CDATA[British humor we can all understand. Somehow this seems to explain the situation better than CNBC. Why is that? Share and Enjoy:]]></description>
		<wfw:commentRss>http://www.davidoverfield.com/506/the-world-collapse-explained-in-3-minutes-too-funny/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Is Economic Stability a Myth?</title>
		<link>http://www.davidoverfield.com/371/is-economic-stability-a-myth/</link>
		<comments>http://www.davidoverfield.com/371/is-economic-stability-a-myth/#comments</comments>
		<pubDate>Tue, 26 Jan 2010 09:34:47 +0000</pubDate>
		<dc:creator>David Overfield</dc:creator>
				<category><![CDATA[Business and Finance]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[Barry Ritholtz]]></category>
		<category><![CDATA[boom and bust]]></category>
		<category><![CDATA[business cycles]]></category>
		<category><![CDATA[market cycles]]></category>

		<guid isPermaLink="false">http://www.davidoverfield.com/?p=371</guid>
		<description><![CDATA[Can good economic times last forever? Is it impossible to have &#8220;stable&#8221; economic growth? This is the argument presented in Barry Ritholtz&#8217;s post: Galbraith: Financial Stability Creates Instability Here are the essential points of the article. When the economy is good for a long time, people then think the good times will continue indefinitely so [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>What Bubble Are We in Now?</title>
		<link>http://www.davidoverfield.com/256/what-bubble-are-we-in-now/</link>
		<comments>http://www.davidoverfield.com/256/what-bubble-are-we-in-now/#comments</comments>
		<pubDate>Sun, 15 Nov 2009 22:51:39 +0000</pubDate>
		<dc:creator>David Overfield</dc:creator>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[boom and bust]]></category>
		<category><![CDATA[bubble economy]]></category>
		<category><![CDATA[business cycles]]></category>
		<category><![CDATA[cycles]]></category>
		<category><![CDATA[deflation]]></category>
		<category><![CDATA[economic cycle]]></category>
		<category><![CDATA[inflation]]></category>
		<category><![CDATA[real estate bubble]]></category>

		<guid isPermaLink="false">http://www.davidoverfield.com/?p=256</guid>
		<description><![CDATA[Classical economics teaches that an economy, if properly managed, will remain in a state of equilibrium. This is because economists assume a perfect market place with rational actors who maximize their returns through their uniform access to all information. As we know, the REAL world is much different from economic equations. Instead, the real world [...]]]></description>
		<wfw:commentRss>http://www.davidoverfield.com/256/what-bubble-are-we-in-now/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Growth Engines for the &#8220;Great Recession&#8221;?</title>
		<link>http://www.davidoverfield.com/141/growth-engines-for-the-great-recession/</link>
		<comments>http://www.davidoverfield.com/141/growth-engines-for-the-great-recession/#comments</comments>
		<pubDate>Thu, 17 Sep 2009 05:30:05 +0000</pubDate>
		<dc:creator>David Overfield</dc:creator>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[boom and bust]]></category>
		<category><![CDATA[business cycles]]></category>
		<category><![CDATA[Calculated Risk]]></category>
		<category><![CDATA[financial crisis 2008]]></category>
		<category><![CDATA[personal consumption expenditures]]></category>
		<category><![CDATA[recession]]></category>
		<category><![CDATA[residential real estate]]></category>

		<guid isPermaLink="false">http://www.davidoverfield.com/?p=141</guid>
		<description><![CDATA[Historically we often think of a recession as a sharp drop in economic output followed by a sharp rise. This is called the &#8220;V-shaped&#8221; recovery. The current &#8220;Great Recession&#8221; had a sharp downturn but so far no recovery after 18 months, and most talk is of an &#8220;L-shaped&#8221; or &#8220;U-shaped&#8221; rebound. Why is this? There&#8217;s [...]]]></description>
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		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>The 2000-2007 Real Estate Boom – A House of Cards</title>
		<link>http://www.davidoverfield.com/5/the-2000-2007-real-estate-boom-%e2%80%93-a-house-of-cards/</link>
		<comments>http://www.davidoverfield.com/5/the-2000-2007-real-estate-boom-%e2%80%93-a-house-of-cards/#comments</comments>
		<pubDate>Sun, 17 May 2009 04:20:00 +0000</pubDate>
		<dc:creator>David Overfield</dc:creator>
				<category><![CDATA[Business and Finance]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[banking]]></category>
		<category><![CDATA[boom and bust]]></category>
		<category><![CDATA[cycles]]></category>
		<category><![CDATA[financial collapse 2008]]></category>
		<category><![CDATA[financial models]]></category>
		<category><![CDATA[house of cards]]></category>
		<category><![CDATA[mortgage backed securities]]></category>
		<category><![CDATA[real estate bubble]]></category>
		<category><![CDATA[recession]]></category>
		<category><![CDATA[Wall Street]]></category>

		<guid isPermaLink="false"></guid>
		<description><![CDATA[Was the great real estate bubble of 2000 – 2007 preventable? Who won and who lost? Why weren’t the inevitable crash and current historic recession preventable or predictable by the best the brightest among us? The following video from CNBC&#8217;s &#8220;House of Cards&#8221; (ht – Alan Sun) contains interviews with people in all parts of [...]]]></description>
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		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>New home demo in Victorville, CA</title>
		<link>http://www.davidoverfield.com/80/new-home-demo-in-victorville-ca/</link>
		<comments>http://www.davidoverfield.com/80/new-home-demo-in-victorville-ca/#comments</comments>
		<pubDate>Tue, 05 May 2009 01:01:46 +0000</pubDate>
		<dc:creator>David Overfield</dc:creator>
				<category><![CDATA[Business and Finance]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[boom and bust]]></category>
		<category><![CDATA[CA real estate]]></category>
		<category><![CDATA[Jim Klinge]]></category>
		<category><![CDATA[real estate bubble]]></category>
		<category><![CDATA[REO]]></category>
		<category><![CDATA[video]]></category>

		<guid isPermaLink="false">http://www.davidoverfield.com/?p=80</guid>
		<description><![CDATA[Should everyone own a home? If they build it, will they come? Do low interest rates and easy loan qualification help everyone? Is a home your most valuable asset? Is California real estate such a prime asset that it will never go down in price? “No” to all of the above. Shocking news: Brand new [...]]]></description>
		<wfw:commentRss>http://www.davidoverfield.com/80/new-home-demo-in-victorville-ca/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Credit derivative explanation we can all understand</title>
		<link>http://www.davidoverfield.com/6/credit-derivative-explanation-we-can-all-understand/</link>
		<comments>http://www.davidoverfield.com/6/credit-derivative-explanation-we-can-all-understand/#comments</comments>
		<pubDate>Mon, 20 Apr 2009 20:49:00 +0000</pubDate>
		<dc:creator>David Overfield</dc:creator>
				<category><![CDATA[Business and Finance]]></category>
		<category><![CDATA[banking]]></category>
		<category><![CDATA[boom and bust]]></category>
		<category><![CDATA[credit derivatives]]></category>
		<category><![CDATA[financial collapse 2008]]></category>

		<guid isPermaLink="false"></guid>
		<description><![CDATA[Someone wrote a good summary of credit derivatives. (Hat tip Eric Overfield for pointing this out) At last, what we&#8217;ve all been waiting for, an understandable explanation of derivative markets. Heidi is the proprietor of a bar in Detroit. In order to increase sales, she decides to allow her loyal customers &#8211; most of whom [...]]]></description>
		<wfw:commentRss>http://www.davidoverfield.com/6/credit-derivative-explanation-we-can-all-understand/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Banking out of control</title>
		<link>http://www.davidoverfield.com/16/banking-out-of-control/</link>
		<comments>http://www.davidoverfield.com/16/banking-out-of-control/#comments</comments>
		<pubDate>Sun, 08 Mar 2009 02:44:00 +0000</pubDate>
		<dc:creator>David Overfield</dc:creator>
				<category><![CDATA[Business and Finance]]></category>
		<category><![CDATA[banking]]></category>
		<category><![CDATA[boom and bust]]></category>
		<category><![CDATA[bubble economy]]></category>
		<category><![CDATA[debt-based money]]></category>
		<category><![CDATA[Federal Reserve]]></category>
		<category><![CDATA[fiat currency]]></category>
		<category><![CDATA[financial crisis 2008]]></category>
		<category><![CDATA[financial engineering]]></category>
		<category><![CDATA[fractional reserve banking]]></category>

		<guid isPermaLink="false"></guid>
		<description><![CDATA[Here&#8217;s a blog post by Reggie Middleton (one of my favorite bloggers) on BoomBustBlog: http://boombustblog.com/20090301853/Banking-out-of-Control.html It is a bit dense but contains a clear description of the problem of an economy that is based on debt, fractional reserve banking, and fiat currency. Here are my observations: The current financial crisis is NOT a liquidity crisis [...]]]></description>
		<wfw:commentRss>http://www.davidoverfield.com/16/banking-out-of-control/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>David&#8217;s Favorites</title>
		<link>http://www.davidoverfield.com/18/davids-favorites/</link>
		<comments>http://www.davidoverfield.com/18/davids-favorites/#comments</comments>
		<pubDate>Thu, 01 Jan 2009 20:11:00 +0000</pubDate>
		<dc:creator>David Overfield</dc:creator>
				<category><![CDATA[Business and Finance]]></category>
		<category><![CDATA[Fun]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[boom and bust]]></category>
		<category><![CDATA[business cycles]]></category>
		<category><![CDATA[business vs. finance]]></category>
		<category><![CDATA[dance videos]]></category>
		<category><![CDATA[economic cycle]]></category>
		<category><![CDATA[Jim Klinge]]></category>
		<category><![CDATA[John T Reed]]></category>
		<category><![CDATA[real estate bubble]]></category>

		<guid isPermaLink="false"></guid>
		<description><![CDATA[Business/Financial/Economic Topics: Calculated Risk Blog MISH&#8217;s Global Economic Trend Analysis Reggie Middleton&#8217;s Boom Bust Blog Barry Ritholtz&#8217;s The Big Picture Blog Nouriel Roubini&#8217;s Global EconoMonitor Fabius Maximus Robert Kiyosaki&#8217;s articles on Yahoo Finance Real Estate Markets and Investing/Management: Guide to North San Diego County Real Estate by Jim Klinge &#8211; bubbleinfo.com John T. Reed&#8217;s Web [...]]]></description>
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		<slash:comments>0</slash:comments>
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