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	<title>Ray Hendon's Economics Blog</title>
	<link>http://www.rayhendon.com</link>
	<description>economics, foreign currency, finance, economic growth, recession, depression, global economy</description>
	<lastBuildDate>Thu, 21 Jan 2010 01:49:14 +0000</lastBuildDate>
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		<title>Now is the Time</title>
		<description><![CDATA[ Now is the time
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		<link>http://www.rayhendon.com/now-is-the-time/292/</link>
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		<title>Four Simple Moves to Expand Employment</title>
		<description><![CDATA[This article is by Robert Reich, the former Secretary of Labor under Bill Clinton, and currently professor of economics at the University of California, Berkley.
Oct 5, 2009
In his Saturday radio address, President Obama acknowledged the White House is exploring &#8220;additional options to promote job creation.” It&#8217;s about time. This is the worst job market in [...]]]></description>
		<link>http://www.rayhendon.com/four-simple-moves-to-expand-employment/289/</link>
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		<title>Layoffs Drop and Unemployment Rate Dips</title>
		<description><![CDATA[The labor department estimates that July layoffs were the least since August of last year.&#160; The chart below, provided by the New York Times, provides a clear picture of how the economy is slowly pulling itself out of the worst recession in over fifty years.
 
Certainly the rate of fall in the number of layoffs [...]]]></description>
		<link>http://www.rayhendon.com/layoffs-drop-and-unemployment-rate-dips/288/</link>
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		<title>New Currency Bundle from WisdomTree</title>
		<description><![CDATA[One of the casualties of the world financial crash of 2008 was the carry trade. For the investor to make money on the interest rate differential between two currencies, it is imperative that the currency prices remain stable. Many of the emerging market currencies fell almost 50% from the last quarter of last year. This [...]]]></description>
		<link>http://www.rayhendon.com/new-currency-bundle-from-wisdomtree/283/</link>
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		<title>Signs of Recovery are Sprouting</title>
		<description><![CDATA[From Bloomberg today, two bright spots on the economic landscape:

The Conference Board’s sentiment index climbed to 39.2, the highest level since November, from 26.9 in March, the New York- based research group said today. The gain was the biggest since November 2005.
Home prices stabilize: A report from S&#38;P/Case-Shiller today showed that the slide in home [...]]]></description>
		<link>http://www.rayhendon.com/signs-of-recovery-are-sprouting/275/</link>
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		<title>Estimate of China&#8217;s Growth in 2009 Cut by World Bank</title>
		<description><![CDATA[The 25.7 percent drop in exports has prompted The World Bank to cut its estimate of China’s growth in 2009 from 7.5 percent to 6.5 percent. The cut on Wednesday was the second time in the last four months the World Bank has reduced its estimate of China’s growth. The estimate before November was 9.2 [...]]]></description>
		<link>http://www.rayhendon.com/estimate-of-chinas-growth-in-2009-cut-by-world-bank/269/</link>
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		<title>Looking for the Bottom of the Recession</title>
		<description><![CDATA[What are the signs of the recession reaching bottom?&#160; There are a number of indicators that may be of some help.&#160; For the stock market, which usually turns up a quarter or two before the economy follows, the signs are weak, but at least in the right direction:&#160; First, an upturn in the total stock [...]]]></description>
		<link>http://www.rayhendon.com/looking-for-the-bottom-of-the-recession/258/</link>
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		<title>G-20 Finance Ministers Meet in London This Weekend to Hash out the April Agenda for a New World Order</title>
		<description><![CDATA[In a move that sets the American tone for the meeting this weekend in London, President Obama called for coordination of increased stimulus spending by the G-20 members and for increased international cooperation in regulating the world&#8217;s financial institutions.&#160; Most agree that a new world order is needed, but there is not agreement as to [...]]]></description>
		<link>http://www.rayhendon.com/g-20-finance-ministers-meet-in-london-this-weekend-to-hash-out-the-april-agenda-for-a-new-world-order/245/</link>
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		<title>China Prices and German Export Orders Fall</title>
		<description><![CDATA[
Two significant signs of the worsening global slowdown come from China and Germany&#8211;two of the world&#8217;s largest exporting countries.
Consumer prices in China fell 1.6 percent lower last month than the same month in 2008. This was the first decline since December 2002. February’s result represented a fast drop from an inflation rate of 8.7 percent [...]]]></description>
		<link>http://www.rayhendon.com/china-prices-and-german-export-orders-fall/239/</link>
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		<title>The Battle of the Budget Shapes UP</title>
		<description><![CDATA[The GOP and Democrats will battle over the size and shape of the new Federal Budget]]></description>
		<link>http://www.rayhendon.com/the-battle-of-the-budget-shapes-up/223/</link>
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