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	<title><![CDATA[michael panzner Resources | BNET]]></title>
	<link><![CDATA[http://resources.bnet.com/topic/michael+panzner.html]]></link>
	<description><![CDATA[White papers, case studies, business articles, and blog posts relating to michael panzner]]></description>
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		<title><![CDATA[Financial Sector: Red Ink Is No Illusion]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F176496-financial-sector-red-ink-is-no-illusion%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Michael Panzner submits:     Since the crisis began, banks and other financial institutions worldwide have written off or lost a staggering $1.7 trillion, though the losses have been cushioned by capital-raising to the tune of $1.5 trillion. by Michael Panzner]]></description>
		<s:doctype><![CDATA[External links]]></s:doctype>
		<pubDate>Thu, 03 Dec 2009 10:22:00 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/financial.html"><![CDATA[Financial]]></category>
		<category domain="http://resources.bnet.com/topic/michael+panzner.html"><![CDATA[Michael Panzner]]></category>
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		<title><![CDATA[Washington's Aggressive Spending and Borrowing: It's Intervention, Not Wisdom]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F176495-washington-s-aggressive-spending-and-borrowing-it-s-intervention-not-wisdom%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Michael Panzner submits:  In a recent post, I took issue with the claim by Paul Krugman, Dean Baker, and others that low yields on U.S. Treasury and other bonds can be seen as validation of Washington&#8217;s aggressive policy of spending and borrowing to &#8220;rescue&#8221; the crisis-torn U.S. economy. Aside...]]></description>
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		<pubDate>Thu, 03 Dec 2009 10:20:12 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/us+market.html"><![CDATA[US Market]]></category>
		<category domain="http://resources.bnet.com/topic/michael+panzner.html"><![CDATA[Michael Panzner]]></category>
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		<title><![CDATA[Subprime Still with Us]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F175838-subprime-still-with-us%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Michael Panzner submits:  Despite the gusher of cheap money and stimulus programs, the myriad bailouts and rescues, the ongoing regulatory forebearance and accounting rule changes, and the hundreds of billions of dollars of red ink spilled so far -- not to mention the cheerleading, wishful thinking, and time that...]]></description>
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		<pubDate>Mon, 30 Nov 2009 11:36:30 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/us+market.html"><![CDATA[US Market]]></category>
		<category domain="http://resources.bnet.com/topic/michael+panzner.html"><![CDATA[Michael Panzner]]></category>
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		<title><![CDATA[Consumers Cherrypicked Black Friday Bargains - Brown Shoots, Anyone?]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F175640-consumers-cherrypicked-black-friday-bargains-brown-shoots-anyone%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Michael Panzner submits:    The good news, according to the National Retail Federation, is that 195 million U.S. shoppers visited stores and websites this past weekend, an impressive 13% jump over last year.   The bad news: average spending fell nearly 8% to $343.31 per person, the...]]></description>
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		<pubDate>Sun, 29 Nov 2009 08:18:17 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/retail.html"><![CDATA[Retail]]></category>
		<category domain="http://resources.bnet.com/topic/michael+panzner.html"><![CDATA[Michael Panzner]]></category>
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		<title><![CDATA[Tech Sector: Is Conventional Wisdom Wrong?]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F170737-tech-sector-is-conventional-wisdom-wrong%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Michael Panzner submits:    As evidenced by the above (courtesy of StockCharts.com), the technology-laden Nasdaq Composite index has been on a tear since March and has outperformed the S&P 500 since last November.   According to the conventional wisdom, that would indicate that stock investors see a...]]></description>
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		<pubDate>Tue, 03 Nov 2009 01:20:23 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/software.html"><![CDATA[Software]]></category>
		<category domain="http://resources.bnet.com/topic/internet.html"><![CDATA[Internet]]></category>
		<category domain="http://resources.bnet.com/topic/michael+panzner.html"><![CDATA[Michael Panzner]]></category>
		<category domain="http://resources.bnet.com/topic/microsoft+corp..html"><![CDATA[Microsoft Corp.]]></category>
		<category domain="http://rss.financialcontent.com/stocksymbol">MSFT</category>
		<category domain="tickers">MSFT</category>
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		<title><![CDATA[The Bad Cs of Credit]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F170432-the-bad-cs-of-credit%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Michael Panzner submits:  Before the era of Frankenstein Finance and the fanatical focus on fee-based income, lenders tried to hold themselves out as models of probity (for the skeptics out there, I did say "try."). Those responsible for making credit-granting decisions and looking after the interests of shareholders also...]]></description>
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		<pubDate>Sun, 01 Nov 2009 08:25:19 -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/michael+panzner.html"><![CDATA[Michael Panzner]]></category>
		<category domain="http://resources.bnet.com/topic/goldman+sachs+group+inc..html"><![CDATA[Goldman Sachs Group Inc.]]></category>
		<category domain="http://resources.bnet.com/topic/j.p.+morgan+chase+%2526+co..html"><![CDATA[J.P. Morgan Chase & Co.]]></category>
		<category domain="http://rss.financialcontent.com/stocksymbol">GS</category>
		<category domain="http://rss.financialcontent.com/stocksymbol">JPM</category>
		<category domain="tickers">GS,JPM</category>
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		<title><![CDATA[Dow at 10,000: Good News for Main Street?]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F166910-dow-at-10-000-good-news-for-main-street%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Michael Panzner submits:  Many people are cheering the fact that the Dow Jones Industrials Average has reached an apparently signficant milestone -- 10,000 -- and are suggesting that it means good news for Main Street.   Yet even during more "normal" times, the relationship between the stock market...]]></description>
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		<pubDate>Fri, 16 Oct 2009 01:42:38 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/us+market.html"><![CDATA[US Market]]></category>
		<category domain="http://resources.bnet.com/topic/michael+panzner.html"><![CDATA[Michael Panzner]]></category>
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		<title><![CDATA[U.S. and China: Protectionist Straws Piling Up]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F166114-u-s-and-china-protectionist-straws-piling-up%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Michael Panzner submits:   Image source   Although it is never really clear until after the fact which adverse development will be the one that breaks the camel's back, one thing is clear: each addition to the overall burden draws us that much closer to the breaking point....]]></description>
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		<pubDate>Mon, 12 Oct 2009 11:30:56 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/china.html"><![CDATA[China]]></category>
		<category domain="http://resources.bnet.com/topic/us+market.html"><![CDATA[US Market]]></category>
		<category domain="http://resources.bnet.com/topic/michael+panzner.html"><![CDATA[Michael Panzner]]></category>
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		<title><![CDATA[American Retailers, Chinese Exporters: 180 Degrees Apart]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F164617-american-retailers-chinese-exporters-180-degrees-apart%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Michael Panzner submits:  The key holiday selling season is fast approaching and reports are beginning to surface about what we should expect. In "Retailers Expect Flat Christmas Sales This Year," the New York Times suggests the mood in the industry is brightening up:    In the retail...]]></description>
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		<pubDate>Sun, 04 Oct 2009 12:25:03 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/retail.html"><![CDATA[Retail]]></category>
		<category domain="http://resources.bnet.com/topic/china.html"><![CDATA[China]]></category>
		<category domain="http://resources.bnet.com/topic/michael+panzner.html"><![CDATA[Michael Panzner]]></category>
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		<title><![CDATA[Mortgage Delinquencies Set Record; Commercial Real Estate Resumes 'Steep Decline']]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F162651-mortgage-delinquencies-set-record-commercial-real-estate-resumes-steep-decline%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Michael Panzner submits:  As far as I can tell, most analysts now concede that the bursting credit and real estate bubbles played a key role in bringing about the devastating downturn of the past two years.   Logically, that would suggest that a sustainable recovery is going to...]]></description>
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		<pubDate>Mon, 21 Sep 2009 11:14:58 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/us+market.html"><![CDATA[US Market]]></category>
		<category domain="http://resources.bnet.com/topic/michael+panzner.html"><![CDATA[Michael Panzner]]></category>
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		<title><![CDATA[Double Helping of the Astute David Rosenberg]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F162362-double-helping-of-the-astute-david-rosenberg%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Michael Panzner submits:  In Wednesday's Huffington Post column, "Feeding the Ducks on Wall Street," I referenced data and reports detailing the varied list of players, many with intimate knowledge of what is occurring on Main Street's front lines, who have viewed the run-up in share prices as an opportunity...]]></description>
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		<pubDate>Sun, 20 Sep 2009 01:24:09 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/us+market.html"><![CDATA[US Market]]></category>
		<category domain="http://resources.bnet.com/topic/michael+panzner.html"><![CDATA[Michael Panzner]]></category>
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		<title><![CDATA[Fannie, Freddie and Washington: Denial Ain't Just a River]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F156722-fannie-freddie-and-washington-denial-ain-t-just-a-river%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Michael Panzner submits: It's not denial. I'm just selective about the reality I accept.--Bill Watterson, author  I have a very highly developed sense of denial. --Gwyneth Paltrow, actress by Michael Panzner]]></description>
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		<pubDate>Tue, 18 Aug 2009 04:01:19 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/financial.html"><![CDATA[Financial]]></category>
		<category domain="http://resources.bnet.com/topic/michael+panzner.html"><![CDATA[Michael Panzner]]></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[Banking Sector Rally - A Sight to Behold]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F156084-banking-sector-rally-a-sight-to-behold%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Michael Panzner submits:  I've been around long enough to know that the day-to-day -- and even the month-to-month -- action in the stock market is often detached from fundamental realities -- you know, silly little details like earnings and revenues, or a multi-trillion-dollar crash in housing values.  ...]]></description>
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		<pubDate>Fri, 14 Aug 2009 12:37:53 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/financial.html"><![CDATA[Financial]]></category>
		<category domain="http://resources.bnet.com/topic/michael+panzner.html"><![CDATA[Michael Panzner]]></category>
		<category domain="http://resources.bnet.com/topic/regions+financial+corp..html"><![CDATA[Regions Financial Corp.]]></category>
		<category domain="http://rss.financialcontent.com/stocksymbol">RF</category>
		<category domain="tickers">RF</category>
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		<title><![CDATA[U.S. Suburban Developers Face Heavy Debt,  Tough Decisions]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F155813-u-s-suburban-developers-face-heavy-debt-tough-decisions%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Michael Panzner submits: Hope springs eternal in the human breast;Man never Is, but always To be blest:The soul, uneasy and confin'd from home,Rests and expatiates in a life to come.--Alexander Pope,An Essay on Man, Epistle I, 1733   Most people would probably agree that the English poet's words aptly...]]></description>
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		<pubDate>Wed, 12 Aug 2009 11:48:26 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/us+market.html"><![CDATA[US Market]]></category>
		<category domain="http://resources.bnet.com/topic/michael+panzner.html"><![CDATA[Michael Panzner]]></category>
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		<title><![CDATA[Dollar Has Only One Way to Go (Hint: It's Not Up)]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F154992-dollar-has-only-one-way-to-go-hint-it-s-not-up%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Michael Panzner submits:  Nothing says the dollar has only one way to go in the long run (hint: it's not up) like this oldie-but-goody graph of U.S. price levels (.pdf) from 1665 to 2013 estimated by Robert C. Sahr, Associate Professor of Political Science at Oregon State University: click...]]></description>
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		<pubDate>Mon, 10 Aug 2009 12:38:53 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/us+market.html"><![CDATA[US Market]]></category>
		<category domain="http://resources.bnet.com/topic/michael+panzner.html"><![CDATA[Michael Panzner]]></category>
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		<title><![CDATA[Housing: Not a Pretty Picture]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F154849-housing-not-a-pretty-picture%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Michael Panzner submits:  It would be hard to argue that these are pretty pictures:  Image source by Michael Panzner]]></description>
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		<pubDate>Sun, 09 Aug 2009 12:18:50 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/us+market.html"><![CDATA[US Market]]></category>
		<category domain="http://resources.bnet.com/topic/michael+panzner.html"><![CDATA[Michael Panzner]]></category>
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		<title><![CDATA[Commercial Real Estate Market Teetering Like a Jenga Tower]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F153034-commercial-real-estate-market-teetering-like-a-jenga-tower%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Michael Panzner submits:    Image courtesy of Hasbro   In the classic Milton Bradley/Hasbro game of skill, players take turns removing a wooden block from a tower of such blocks and balancing it on top, creating a "higher and increasingly unstable structure as the game progresses." The...]]></description>
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		<pubDate>Sat, 01 Aug 2009 10:09:24 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/us+market.html"><![CDATA[US Market]]></category>
		<category domain="http://resources.bnet.com/topic/michael+panzner.html"><![CDATA[Michael Panzner]]></category>
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		<title><![CDATA[The Curious Economic Recovery]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F152042-the-curious-economic-recovery%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Michael Panzner submits:  Gregory Scotland Yard detective: "Is there any other point to which you would wish to draw my attention?"Holmes: "To the curious incident of the dog in the night-time."Gregory: "The dog did nothing in the night-time."Holmes: "That was the curious incident." (From the Wikipedia entry for Sir...]]></description>
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		<pubDate>Wed, 29 Jul 2009 02:00:39 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/us+market.html"><![CDATA[US Market]]></category>
		<category domain="http://resources.bnet.com/topic/michael+panzner.html"><![CDATA[Michael Panzner]]></category>
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		<title><![CDATA[U.S. Economy: How Those in Charge Have Learned Very Little]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F151414-u-s-economy-how-those-in-charge-have-learned-very-little%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Michael Panzner submits:  It's funny how little those in charge have learned from the nightmare of the past two years. All the evidence suggests that the various machinations of the Fed, the misjudgments of the Treasury, the manipulations of the moneyed interests, and the malfeasance of elected officials who...]]></description>
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		<pubDate>Sun, 26 Jul 2009 10:48:01 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/us+market.html"><![CDATA[US Market]]></category>
		<category domain="http://resources.bnet.com/topic/michael+panzner.html"><![CDATA[Michael Panzner]]></category>
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		<title><![CDATA[U.S. Economy: Another Crack Opening Up?]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F151049-u-s-economy-another-crack-opening-up%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Michael Panzner submits:  You see plenty of reports nowadays suggesting that financial Armageddon has been avoided. Meanwhile, "experts" in Washington and on Wall Street congratulate each other on their apparent success in preventing the crisis flood waters from breaching the financial system's levee walls.   In reality, all...]]></description>
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		<pubDate>Thu, 23 Jul 2009 11:39:29 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/financial.html"><![CDATA[Financial]]></category>
		<category domain="http://resources.bnet.com/topic/michael+panzner.html"><![CDATA[Michael Panzner]]></category>
		<category domain="http://resources.bnet.com/topic/cit+group.html"><![CDATA[CIT Group]]></category>
		<category domain="http://rss.financialcontent.com/stocksymbol">CIT</category>
		<category domain="tickers">CIT</category>
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