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	<title>Years of Poems and Spirits &#187; economy</title>
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	<description>Reviews, Notes, Journals and Comments</description>
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		<title>Thoughts on Financial Reform</title>
		<link>http://wuyibing.com/1329/thoughts-on-financial-reform.html</link>
		<comments>http://wuyibing.com/1329/thoughts-on-financial-reform.html#comments</comments>
		<pubDate>Fri, 22 Jan 2010 08:03:52 +0000</pubDate>
		<dc:creator>Forager</dc:creator>
				<category><![CDATA[economy]]></category>

		<guid isPermaLink="false">http://wuyibing.com/?p=1329</guid>
		<description><![CDATA[Just some random thoughts on the financial crisis. Actually, there is a lot. Not sure if I can link them altogether. Otherwise, I would be doing something else for a living.
1. A very good article on WaPo about the different reform ideas advanced by Geithner and Volcker.  The core of Geithner&#8217;s theme is to put [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>Things to Write Down</title>
		<link>http://wuyibing.com/1282/things-to-write-down.html</link>
		<comments>http://wuyibing.com/1282/things-to-write-down.html#comments</comments>
		<pubDate>Mon, 30 Nov 2009 08:32:08 +0000</pubDate>
		<dc:creator>Forager</dc:creator>
				<category><![CDATA[economy]]></category>
		<category><![CDATA[to be refined]]></category>

		<guid isPermaLink="false">http://wuyibing.com/?p=1282</guid>
		<description><![CDATA[1. Feel somewhat vindicated when I saw Time&#8217;s &#8220;Decade from Hell&#8221; soon after I posted the last entry on the gloomy 00&#8217;s. One thing I forgot to add: the constant talk of Global Warming&#8211;just another example of how pervert scientific advancement feels in this decade. Sometimes I wonder how I would look back at the [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Random Rants</title>
		<link>http://wuyibing.com/1223/random-rants.html</link>
		<comments>http://wuyibing.com/1223/random-rants.html#comments</comments>
		<pubDate>Wed, 21 Oct 2009 09:30:14 +0000</pubDate>
		<dc:creator>Forager</dc:creator>
				<category><![CDATA[economy]]></category>
		<category><![CDATA[sports]]></category>

		<guid isPermaLink="false">http://wuyibing.com/?p=1223</guid>
		<description><![CDATA[Things I posted somewhere else but worth recording &#8230;
Rants against Daniel Snyder and the Redskins&#8217; front office -
Winning, to Snyder, takes too long, requires too much investment, which distracts operational focus and thus incurs too much uncertainty. That is no way to make a quick buck.
Take a minute to ask yourself, why does Snyder choose [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>On the Sixtieth National Day</title>
		<link>http://wuyibing.com/1166/on-the-sixth-national-day.html</link>
		<comments>http://wuyibing.com/1166/on-the-sixth-national-day.html#comments</comments>
		<pubDate>Thu, 01 Oct 2009 06:57:08 +0000</pubDate>
		<dc:creator>Forager</dc:creator>
				<category><![CDATA[China]]></category>
		<category><![CDATA[economy]]></category>

		<guid isPermaLink="false">http://wuyibing.com/?p=1166</guid>
		<description><![CDATA[It is a day of mixed feelings. On the one hand, China is truly a great country today. On the other, it is not the China I wished it is.
Every great nation in the history can point to a legendary past and say: that is what made us who we are. For the British, it [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>Fireflies in a Bottle III</title>
		<link>http://wuyibing.com/1031/firefly-in-a-bottle-iii.html</link>
		<comments>http://wuyibing.com/1031/firefly-in-a-bottle-iii.html#comments</comments>
		<pubDate>Sun, 24 May 2009 18:30:26 +0000</pubDate>
		<dc:creator>Forager</dc:creator>
				<category><![CDATA[economy]]></category>
		<category><![CDATA[people]]></category>

		<guid isPermaLink="false">http://wuyibing.com/?p=1031</guid>
		<description><![CDATA[Growing Sour on Bernanke
I used to think of Bernanke as a a monetary conservative because he was said to be in favor of fixing inflation within the 2% range. Looking back, this was perhaps wishful thinking. After all, Bernanke made his name in arguing that the Fed was too conservative at the onset of the [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>When the Bad Guys Always Make the Right Decisions</title>
		<link>http://wuyibing.com/813/when-the-bad-guys-always-make-the-right-decisions.html</link>
		<comments>http://wuyibing.com/813/when-the-bad-guys-always-make-the-right-decisions.html#comments</comments>
		<pubDate>Wed, 28 Jan 2009 06:03:49 +0000</pubDate>
		<dc:creator>Forager</dc:creator>
				<category><![CDATA[China]]></category>
		<category><![CDATA[economy]]></category>

		<guid isPermaLink="false">http://wuyibing.com/?p=813</guid>
		<description><![CDATA[Came upon the news: China&#8217;s Banks Told to Boost Loans to Small Businesses
The Chinese government, thru fiat, mandates that &#8220;financial firms should make support for small and medium-sized businesses a priority in 2009, and ensure that loan growth to such firms exceeds overall loan growth, &#8221;
Although the above news is a good thing for China, [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>Some Facts about the Auto Industry Bailout</title>
		<link>http://wuyibing.com/765/some-facts-about-the-auto-industry-bailout.html</link>
		<comments>http://wuyibing.com/765/some-facts-about-the-auto-industry-bailout.html#comments</comments>
		<pubDate>Wed, 10 Dec 2008 10:03:37 +0000</pubDate>
		<dc:creator>Forager</dc:creator>
				<category><![CDATA[economy]]></category>
		<category><![CDATA[hypocrisy]]></category>

		<guid isPermaLink="false">http://wuyibing.com/?p=765</guid>
		<description><![CDATA[Just some interesting facts:
1. The big three at first asked for $34 Billion loan. Congress ready to dish out $15 Billion. Their total market cap? $14 Billion.
2. The big three&#8217;s manufacturing capacity is 17 million cars. In 2007, Americans bought only 14 million cars (domestic and foreign).
3. Ford pays, on average, $71 an hour to [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>The Citi Bailout: What Does It Mean</title>
		<link>http://wuyibing.com/666/the-citi-bailout-what-does-it-mean.html</link>
		<comments>http://wuyibing.com/666/the-citi-bailout-what-does-it-mean.html#comments</comments>
		<pubDate>Wed, 26 Nov 2008 07:47:11 +0000</pubDate>
		<dc:creator>Forager</dc:creator>
				<category><![CDATA[economy]]></category>

		<guid isPermaLink="false">http://wuyibing.com/?p=666</guid>
		<description><![CDATA[The news of the Citi bailout came with a pretty detailed term sheet. The center piece of the deal is that Citi will take on the first batch of sure losses. After that, the U.S. will absorb additional potential losses up to $250B. In return for this guarantee, Citi agrees to pay a quarterly premium of [...]]]></description>
		<wfw:commentRss>http://wuyibing.com/666/the-citi-bailout-what-does-it-mean.html/feed</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>The Begining of the End</title>
		<link>http://wuyibing.com/594/the-begining-of-the-end.html</link>
		<comments>http://wuyibing.com/594/the-begining-of-the-end.html#comments</comments>
		<pubDate>Tue, 14 Oct 2008 07:18:07 +0000</pubDate>
		<dc:creator>Forager</dc:creator>
				<category><![CDATA[economy]]></category>

		<guid isPermaLink="false">http://wuyibing.com/?p=594</guid>
		<description><![CDATA[Leaving tomorrow for Japan. Just some thoughts to write down &#8230;
1. I think the financial crisis is about to be over. Once the extra liquidity is taken out of the system and excess leverage is held in check, we will go back to the basics. The production function comes down to K and L (capital [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Capitalism Peeled Off</title>
		<link>http://wuyibing.com/580/capitalism-peeled-off.html</link>
		<comments>http://wuyibing.com/580/capitalism-peeled-off.html#comments</comments>
		<pubDate>Wed, 08 Oct 2008 09:47:41 +0000</pubDate>
		<dc:creator>Forager</dc:creator>
				<category><![CDATA[economy]]></category>

		<guid isPermaLink="false">http://wuyibing.com/?p=580</guid>
		<description><![CDATA[Just heard that the Fed has started buying commercial papers directly from non-financial corporations. Someone on WSJ said recently, &#8220;If the commercial-paper market was a place, it would be at the intersection of Wall Street and Main Street. That should make Washington&#8217;s intervention a little more palatable&#8221;. 22 years ago, the Black Monday started with [...]]]></description>
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		<slash:comments>0</slash:comments>
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