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	<title><![CDATA[craig pirrong Resources | BNET]]></title>
	<link><![CDATA[http://resources.bnet.com/topic/craig+pirrong.html]]></link>
	<description><![CDATA[White papers, case studies, business articles, and blog posts relating to craig pirrong]]></description>
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	<language>en-us</language>
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		<title><![CDATA[Questions Remain on Goldman Sachs/AIG Bailout]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F175000-questions-remain-on-goldman-sachs-aig-bailout%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Craig Pirrong submits:  Several sites on the web EG have linked to my recent post on the AIG bailout, and included a hattip to Jim Chanos.  Just curious if that is the &#8220;noted short seller&#8221; and billionaire Jim Chanos (a hedge fund manager noted for his very prescient...]]></description>
		<s:doctype><![CDATA[External links]]></s:doctype>
		<pubDate>Tue, 24 Nov 2009 02:50:54 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/us+market.html"><![CDATA[US Market]]></category>
		<category domain="http://resources.bnet.com/topic/financial.html"><![CDATA[Financial]]></category>
		<category domain="http://resources.bnet.com/topic/craig+pirrong.html"><![CDATA[Craig Pirrong]]></category>
		<category domain="http://resources.bnet.com/topic/american+international+group+inc..html"><![CDATA[American International Group Inc.]]></category>
		<category domain="http://resources.bnet.com/topic/goldman+sachs+group+inc..html"><![CDATA[Goldman Sachs Group Inc.]]></category>
		<category domain="http://rss.financialcontent.com/stocksymbol">AIG</category>
		<category domain="http://rss.financialcontent.com/stocksymbol">GS</category>
		<category domain="tickers">AIG,GS</category>
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	<item>
		<title><![CDATA[FX Clearinghouses: Exacerbating Systemic Risk]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F174665-fx-clearinghouses-exacerbating-systemic-risk%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Craig Pirrong submits:  In his megalomaniacal effort to use the financial crisis as a Trojan horse to advance his campaign &#8220;on every front to increase the role of government,&#8221; Barney Frank is hellbent on fixing things that demonstrably didn&#8217;t break.  Even under the extreme stresses of the crisis....]]></description>
		<s:doctype><![CDATA[External links]]></s:doctype>
		<pubDate>Sun, 22 Nov 2009 02:09:48 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/us+market.html"><![CDATA[US Market]]></category>
		<category domain="http://resources.bnet.com/topic/financial.html"><![CDATA[Financial]]></category>
		<category domain="http://resources.bnet.com/topic/craig+pirrong.html"><![CDATA[Craig Pirrong]]></category>
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	<item>
		<title><![CDATA[Rampant Theft and Bribery Make It Difficult to Transform Russia's Economy]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F174444-rampant-theft-and-bribery-make-it-difficult-to-transform-russia-s-economy%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Craig Pirrong submits:  Yes, Russia can breathe easy.  Even when it comes to corruption, it&#8217;s not the worst!  Bad, tied for 146th out of 180, according to an average of surveys assembled by Transparency International, but not the worst.  Indeed, not even the worst in the...]]></description>
		<s:doctype><![CDATA[External links]]></s:doctype>
		<pubDate>Thu, 19 Nov 2009 11:42:22 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/emerging+markets.html"><![CDATA[Emerging Markets]]></category>
		<category domain="http://resources.bnet.com/topic/craig+pirrong.html"><![CDATA[Craig Pirrong]]></category>
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	<item>
		<title><![CDATA[Financial Regulation: Disincentivized Investigators Won't Improve Anything]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F172887-financial-regulation-disincentivized-investigators-won-t-improve-anything%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Craig Pirrong submits:  This is my inaugural post as guest blogger at O&M.  I am grateful for the opportunity.   In his very gracious introduction, Peter Klein noted that my research is at the border of finance and industrial organization.  Quite true (and indeed, &#8220;borderer&#8221; is...]]></description>
		<s:doctype><![CDATA[External links]]></s:doctype>
		<pubDate>Wed, 11 Nov 2009 09:32:42 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/financial.html"><![CDATA[Financial]]></category>
		<category domain="http://resources.bnet.com/topic/us+market.html"><![CDATA[US Market]]></category>
		<category domain="http://resources.bnet.com/topic/craig+pirrong.html"><![CDATA[Craig Pirrong]]></category>
		<category domain="http://resources.bnet.com/topic/goldman+sachs+group+inc..html"><![CDATA[Goldman Sachs Group Inc.]]></category>
		<category domain="http://rss.financialcontent.com/stocksymbol">GS</category>
		<category domain="tickers">GS</category>
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		<title><![CDATA[More Voices of Dissent over Clearing Regulation]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F172120-more-voices-of-dissent-over-clearing-regulation%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Craig Pirrong submits:  I welcome Gillian Tett&#8217;s recognition that clearing is not the silver bullet&#8211;or the &#8220;magic wand&#8221;&#8211;that will make financial crises a thing of the past.  This bit is particularly spot on: What is notable about the reform debate this year, is that there has been remarkably...]]></description>
		<s:doctype><![CDATA[External links]]></s:doctype>
		<pubDate>Mon, 09 Nov 2009 07:43:52 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/financial.html"><![CDATA[Financial]]></category>
		<category domain="http://resources.bnet.com/topic/us+market.html"><![CDATA[US Market]]></category>
		<category domain="http://resources.bnet.com/topic/craig+pirrong.html"><![CDATA[Craig Pirrong]]></category>
		<category domain="http://resources.bnet.com/topic/fannie+mae.html"><![CDATA[Fannie Mae]]></category>
		<category domain="http://resources.bnet.com/topic/freddie+mac.html"><![CDATA[Freddie Mac]]></category>
		<category domain="http://rss.financialcontent.com/stocksymbol">FNM</category>
		<category domain="http://rss.financialcontent.com/stocksymbol">FRE</category>
		<category domain="tickers">FNM,FRE</category>
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		<title><![CDATA[More GM Magna-Fallout: What Russia Will Have to Learn]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F172121-more-gm-magna-fallout-what-russia-will-have-to-learn%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Craig Pirrong submits:  Vladimir Putin is whining, predictably, about the GM board&#8217;s decision to terminate the sale of Opel: "We will have to take into account this style of dealing with partners in the future, though this scornful approach toward partners mainly affects the Europeans, not us,&#8221; Putin told...]]></description>
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		<pubDate>Sun, 08 Nov 2009 11:55:45 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/emerging+markets.html"><![CDATA[Emerging Markets]]></category>
		<category domain="http://resources.bnet.com/topic/transport.html"><![CDATA[Transport]]></category>
		<category domain="http://resources.bnet.com/topic/craig+pirrong.html"><![CDATA[Craig Pirrong]]></category>
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		<title><![CDATA[Economic Crisis 2008-9: Ignore Friedman's Lessons at Your Peril]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F169383-economic-crisis-2008-9-ignore-friedman-s-lessons-at-your-peril%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Craig Pirrong submits:  I can&#8217;t count the number of times I&#8217;ve heard that the financial/economic crisis has discredited Milton Friedman and Chicago School economics.  This argument was raised repeatedly during the shrill debate over the creation of the Milton Friedman Center at UC, but it has been made...]]></description>
		<s:doctype><![CDATA[External links]]></s:doctype>
		<pubDate>Wed, 28 Oct 2009 01:27:42 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/us+market.html"><![CDATA[US Market]]></category>
		<category domain="http://resources.bnet.com/topic/craig+pirrong.html"><![CDATA[Craig Pirrong]]></category>
		<category domain="http://resources.bnet.com/topic/fannie+mae.html"><![CDATA[Fannie Mae]]></category>
		<category domain="http://resources.bnet.com/topic/freddie+mac.html"><![CDATA[Freddie Mac]]></category>
		<category domain="http://rss.financialcontent.com/stocksymbol">FNM</category>
		<category domain="http://rss.financialcontent.com/stocksymbol">FRE</category>
		<category domain="tickers">FNM,FRE</category>
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		<title><![CDATA[Regulatory Reform: No Case for Mandated Clearing]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F168736-regulatory-reform-no-case-for-mandated-clearing%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Craig Pirrong submits:  New York University Stern School of Business professors Aarya, Engle, Figlewski, Lynch, and Subrhmanyam AEFLS contributed a chapter advocating centralized clearing of credit derivatives in the recent volume Restoring Financial Stability: How to Repair a Failed System edited by Acharya and Richardson. Although the authors are...]]></description>
		<s:doctype><![CDATA[External links]]></s:doctype>
		<pubDate>Mon, 26 Oct 2009 03:58:56 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/financial.html"><![CDATA[Financial]]></category>
		<category domain="http://resources.bnet.com/topic/us+market.html"><![CDATA[US Market]]></category>
		<category domain="http://resources.bnet.com/topic/craig+pirrong.html"><![CDATA[Craig Pirrong]]></category>
		<category domain="http://resources.bnet.com/topic/american+international+group+inc..html"><![CDATA[American International Group Inc.]]></category>
		<category domain="http://resources.bnet.com/topic/goldman+sachs+group+inc..html"><![CDATA[Goldman Sachs Group Inc.]]></category>
		<category domain="http://rss.financialcontent.com/stocksymbol">AIG</category>
		<category domain="http://rss.financialcontent.com/stocksymbol">GS</category>
		<category domain="tickers">AIG,GS</category>
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		<title><![CDATA[Russia and Russian Business Gets a Taste of Its Own Expropriation Medicine]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F161324-russia-and-russian-business-gets-a-taste-of-its-own-expropriation-medicine%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Craig Pirrong submits:  Russia, and Oleg Deripaska&#8217;s RusAl, is getting a taste of its own medicine of expropriation.  The government of the African country of Guinea voided the sale to RusAl of a large alumina smelter there.  And Russia is none too happy about it:  ...]]></description>
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		<pubDate>Mon, 14 Sep 2009 01:39:13 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/emerging+markets.html"><![CDATA[Emerging Markets]]></category>
		<category domain="http://resources.bnet.com/topic/transport.html"><![CDATA[Transport]]></category>
		<category domain="http://resources.bnet.com/topic/craig+pirrong.html"><![CDATA[Craig Pirrong]]></category>
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		<title><![CDATA[Russian Economy: Medvedev Delivers Devastating Diagnosis, But No Solutions]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F161129-russian-economy-medvedev-delivers-devastating-diagnosis-but-no-solutions%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Craig Pirrong submits:  I don&#8217;t watch much TV, and medical shows have always been near the bottom of my list of things to watch.  But one show that I find entertaining from time to time is House.  It&#8217;s about a quirky (and now, apparently, actually delusional) physician...]]></description>
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		<pubDate>Sat, 12 Sep 2009 12:18:15 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/emerging+markets.html"><![CDATA[Emerging Markets]]></category>
		<category domain="http://resources.bnet.com/topic/craig+pirrong.html"><![CDATA[Craig Pirrong]]></category>
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		<title><![CDATA[Upholding the Sanctity of Contracts: Is Gazprom Listening?]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F160382-upholding-the-sanctity-of-contracts-is-gazprom-listening%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Craig Pirrong submits:  I don&#8217;t know whether to laugh or cry at Dmitri Medvedev&#8217;s stirring defense of the sanctity of contracts:   President Dmitry Medvedev on Monday accused Ukraine of seeking changes to a contract for the transit of Russian gas across its territory, the latest row over...]]></description>
		<s:doctype><![CDATA[External links]]></s:doctype>
		<pubDate>Tue, 08 Sep 2009 03:47:01 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/emerging+markets.html"><![CDATA[Emerging Markets]]></category>
		<category domain="http://resources.bnet.com/topic/energy.html"><![CDATA[Energy]]></category>
		<category domain="http://resources.bnet.com/topic/craig+pirrong.html"><![CDATA[Craig Pirrong]]></category>
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		<title><![CDATA[GM's Lagging Opel Sale: Hang Tough and Avoid a Dodgy Acquirer]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F160381-gm-s-lagging-opel-sale-hang-tough-and-avoid-a-dodgy-acquirer%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Craig Pirrong submits:  Last week I hypothesized that the real reason GM was balking at the Magna MGA deal for Opel was that it wanted nothing to do with Oleg Deripaska and Gaz, widely considered to be the ultimate buyer of the stake originally slated to go to Sberbank....]]></description>
		<s:doctype><![CDATA[External links]]></s:doctype>
		<pubDate>Tue, 08 Sep 2009 03:42:45 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/transport.html"><![CDATA[Transport]]></category>
		<category domain="http://resources.bnet.com/topic/craig+pirrong.html"><![CDATA[Craig Pirrong]]></category>
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		<title><![CDATA[Why GM Is No Longer In a Hurry to Sell Opel]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F159975-why-gm-is-no-longer-in-a-hurry-to-sell-opel%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Craig Pirrong submits:  Spiegel has released a long article chronicling the Opel saga.  In brief, the story appears to be that GM originally agreed to the Magna-Sberbank/Avtogaz deal out of desperation, but as its existential crisis eased due to the infusion of massive amounts of US taxpayer support,...]]></description>
		<s:doctype><![CDATA[External links]]></s:doctype>
		<pubDate>Fri, 04 Sep 2009 02:44:23 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/transport.html"><![CDATA[Transport]]></category>
		<category domain="http://resources.bnet.com/topic/craig+pirrong.html"><![CDATA[Craig Pirrong]]></category>
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		<title><![CDATA[Much Ado About Commodity ETFs]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F159757-much-ado-about-commodity-etfs%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Craig Pirrong submits:  Exchange Traded Funds (&#8221;ETFs&#8221;) are attracting a lot of attention given a the CFTC&#8217;s clear signaling of its intention to impose limits on these funds, and b the reactions of fund issuers to this signal, most notably Deutsche Bank&#8217;s DB announcement that it was closing down...]]></description>
		<s:doctype><![CDATA[External links]]></s:doctype>
		<pubDate>Thu, 03 Sep 2009 01:57:44 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/etf.html"><![CDATA[ETF]]></category>
		<category domain="http://resources.bnet.com/topic/craig+pirrong.html"><![CDATA[Craig Pirrong]]></category>
		<category domain="http://resources.bnet.com/topic/deutsche+bank+ag.html"><![CDATA[Deutsche Bank AG]]></category>
		<category domain="http://resources.bnet.com/topic/united+states+natural+gas+fund+lp.html"><![CDATA[United States Natural Gas Fund LP]]></category>
		<category domain="http://rss.financialcontent.com/stocksymbol">DB</category>
		<category domain="tickers">DB</category>
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	<item>
		<title><![CDATA[What's Wrong with Market Speculation?]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F159576-what-s-wrong-with-market-speculation%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Craig Pirrong submits:  I&#8217;m sure that no one would be surprised that CFTC Commissioner Bart Chilton was not pleased by my recent post that lambasted his equation of the activities of ETFs with manipulation.  Well, the sarcasm was arguably overdone (that NEVER happens, I&#8217;m sure you&#8217;re saying), but...]]></description>
		<s:doctype><![CDATA[External links]]></s:doctype>
		<pubDate>Wed, 02 Sep 2009 04:56:22 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/us+market.html"><![CDATA[US Market]]></category>
		<category domain="http://resources.bnet.com/topic/materials+%2526+industrials.html"><![CDATA[Materials & Industrials]]></category>
		<category domain="http://resources.bnet.com/topic/china.html"><![CDATA[China]]></category>
		<category domain="http://resources.bnet.com/topic/craig+pirrong.html"><![CDATA[Craig Pirrong]]></category>
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		<title><![CDATA[China's Economy: Everything Looks Great, Yet Many Reasons for Disquiet]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F159303-china-s-economy-everything-looks-great-yet-many-reasons-for-disquiet%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Craig Pirrong submits:  Trying to figure out what is going on with the Chinese economy is a first-order issue.  Superficially, everything looks great; growth is right on official targets, and is at levels that the world would envy even during boom times.  In spite of that&#8211;no, because...]]></description>
		<s:doctype><![CDATA[External links]]></s:doctype>
		<pubDate>Tue, 01 Sep 2009 01:26:49 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/financial.html"><![CDATA[Financial]]></category>
		<category domain="http://resources.bnet.com/topic/transport.html"><![CDATA[Transport]]></category>
		<category domain="http://resources.bnet.com/topic/china.html"><![CDATA[China]]></category>
		<category domain="http://resources.bnet.com/topic/craig+pirrong.html"><![CDATA[Craig Pirrong]]></category>
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		<title><![CDATA[Heard the One About the Baker Institute and Oil Speculators?]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F159016-heard-the-one-about-the-baker-institute-and-oil-speculators%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Craig Pirrong submits:  In an apparent attempt to make Michael Masters look good, Rice University&#8217;s Baker Institute has released a report on oil speculation, that concludes that increasing volumes of speculation have caused oil prices to be higher than they would otherwise be, and in a novel twist, have...]]></description>
		<s:doctype><![CDATA[External links]]></s:doctype>
		<pubDate>Sun, 30 Aug 2009 04:28:24 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/us+market.html"><![CDATA[US Market]]></category>
		<category domain="http://resources.bnet.com/topic/energy.html"><![CDATA[Energy]]></category>
		<category domain="http://resources.bnet.com/topic/craig+pirrong.html"><![CDATA[Craig Pirrong]]></category>
		<category domain="http://resources.bnet.com/topic/united+states+oil+fund+lp.html"><![CDATA[United States Oil Fund LP]]></category>
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	<item>
		<title><![CDATA[Russia: No Money, No Problem?]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F158503-russia-no-money-no-problem%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Craig Pirrong submits:  I asked a Russian friend how the financial and economic crisis had affected the regional art center in the Urals where she works.  She said that she and her colleagues were coping with typical Russian resignation, and had made &#8220;??? ?????, ??? ???????&#8221; (&#8221;No money,...]]></description>
		<s:doctype><![CDATA[External links]]></s:doctype>
		<pubDate>Thu, 27 Aug 2009 12:10:09 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/emerging+markets.html"><![CDATA[Emerging Markets]]></category>
		<category domain="http://resources.bnet.com/topic/energy.html"><![CDATA[Energy]]></category>
		<category domain="http://resources.bnet.com/topic/craig+pirrong.html"><![CDATA[Craig Pirrong]]></category>
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		<title><![CDATA[Porsche's VW Stock Squeeze: Germany's Financial Regulators Finally Act]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F157718-porsche-s-vw-stock-squeeze-germany-s-financial-regulators-finally-act%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Craig Pirrong submits:  About 10 months ago I wrote about a massive squeeze on VW stock, associated with the revelation that Porsche had accumulated an immense options position on the larger company&#8217;s stock. For a brief time, the squeeze made VW (VLKAY.PK) the largest capitalization firm in the world....]]></description>
		<s:doctype><![CDATA[External links]]></s:doctype>
		<pubDate>Sun, 23 Aug 2009 03:33:35 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/transport.html"><![CDATA[Transport]]></category>
		<category domain="http://resources.bnet.com/topic/craig+pirrong.html"><![CDATA[Craig Pirrong]]></category>
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		<title><![CDATA[Russian Economy: No Green Shoots on the Steppes]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F157527-russian-economy-no-green-shoots-on-the-steppes%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Craig Pirrong submits:  Although there are fleeting, ambiguous signs of recovery in the US, Germany, and France, conditions are far more bleak in Japan&#8211;and Russia.  Russian retail sales continued their steep fall:   Russian retail sales dropped the most in almost ten yeas in July, sliding for...]]></description>
		<s:doctype><![CDATA[External links]]></s:doctype>
		<pubDate>Fri, 21 Aug 2009 05:01:40 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/emerging+markets.html"><![CDATA[Emerging Markets]]></category>
		<category domain="http://resources.bnet.com/topic/japan.html"><![CDATA[Japan]]></category>
		<category domain="http://resources.bnet.com/topic/craig+pirrong.html"><![CDATA[Craig Pirrong]]></category>
	</item>
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