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	<title>The Swamp Report &#187; Global Macro Speculations</title>
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	<link>http://www.swampreport.com</link>
	<description>Political, Economic, and Finance related commentary. J.D. Swampfox Associates report on battles for prosperity against the &#34;Tarleton&#34; of big government.</description>
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		<title>NY FED cautions on green shoots</title>
		<link>http://www.swampreport.com/economy/ny-fed-cautions-on-green-shoots/</link>
		<comments>http://www.swampreport.com/economy/ny-fed-cautions-on-green-shoots/#comments</comments>
		<pubDate>Sun, 31 May 2009 23:29:02 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Global Macro Speculations]]></category>
		<category><![CDATA[New York Fed]]></category>
		<category><![CDATA[TALF]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=1482</guid>
		<description><![CDATA[Global Macro Speculations pointed out these remarks to Congress by Til Schuermann of the New York FED last Thursday.  The main take away appears to be that &#8220;shadow banking&#8221; credit provision in the US is so significant that even if the banks were providing all the credit they were providing two years ago, it can [...]]]></description>
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		<title>Fed&#8217;s stress tests implicitly forecast next 2 year&#8217;s earnings for banks</title>
		<link>http://www.swampreport.com/investments/feds-stress-tests-implicitly-forecast-next-2-years-earnings-for-banks/</link>
		<comments>http://www.swampreport.com/investments/feds-stress-tests-implicitly-forecast-next-2-years-earnings-for-banks/#comments</comments>
		<pubDate>Fri, 08 May 2009 21:58:12 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Bureaucrats]]></category>
		<category><![CDATA[Investments]]></category>
		<category><![CDATA[bank earnings estimates]]></category>
		<category><![CDATA[Global Macro Speculations]]></category>
		<category><![CDATA[stress test results]]></category>

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		<description><![CDATA[Global Macro Speculations has an interesting take on the stress test results: &#8220;The stress test result is out showing that is expected that banks will lose $600b against $362.9b in pre-tax pre-provision income (What the feds call pre-provision net revenue, PPNR), this is a $237.1B in net losses for the US 19 largest banks. Of [...]]]></description>
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