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        <title><![CDATA[Jean-Michel Paul - CEO/Portfolio Mgr/Founder]]></title>
        <description><![CDATA[Jean-Michel Paul is founder and chief executive of Acheron Capital in London and faculty member at the Solvay Brussels School of Economics and Management.]]></description>
        <link>https://www.bloomberg.com/authors/AOVvZZbfKjY/jeanmichel-paul</link>
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            <title><![CDATA[Easy Money of Stimulus Made Life Harder for Some]]></title>
            <description><![CDATA[A new Bank of England study shows how quantitative easing, while necessary, widened some inequalities.]]></description>
            <link>https://www.bloomberg.com/view/articles/2018-04-10/qe-and-inequality-the-two-seem-to-go-together</link>
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            <dc:creator><![CDATA[Jean-Michel Paul]]></dc:creator>
            <pubDate>Tue, 10 Apr 2018 08:56:03 GMT</pubDate>
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                <media:description>LONDON, ENGLAND - JUNE 03:  A couple look at property details displayed in the window of an estate agent in Camden on June 3, 2014 in London, England. Figures from the Nationwide, the UK&apos;s largest building society, have shown that in the year to May, the annual rise in house prices was 11.1% which represents the greatest rate of increase in seven years.  (Photo by Oli Scarff/Getty Images)</media:description>
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            <title><![CDATA[Expect Rising Volatility in These Three Areas]]></title>
            <description><![CDATA[Credit markets, M&A and insurance are the sectors to watch as easy money ends.]]></description>
            <link>https://www.bloomberg.com/view/articles/2018-02-23/volatility-is-about-to-return-as-central-banks-taper</link>
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            <category><![CDATA[view]]></category>
            <dc:creator><![CDATA[Jean-Michel Paul]]></dc:creator>
            <pubDate>Fri, 23 Feb 2018 06:00:09 GMT</pubDate>
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                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iwIoV1UsjAqk/v0/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>A trader works in the Cboe Volatility Index (VIX) pit on the floor of the Cboe Global Markets Inc. building in Chicago, Illinois, U.S., on Wednesday, Feb. 14, 2018. With stocks stepping on the accelerator, the VIX index is following its usual path of tumbling. Though there is news in this move with the index slicing below the 21 to 22 area that marked the VIX&apos;s bounce last week.Photographer: Daniel Acker/Bloomberg via Getty Images</media:description>
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        </item>
        <item>
            <title><![CDATA[Why We Have to Talk About a Bubble]]></title>
            <description><![CDATA[The prolonged program of quantitative easing has sent asset prices soaring, even if traditional signs of inflation are muted.]]></description>
            <link>https://www.bloomberg.com/view/articles/2018-01-11/why-we-have-to-talk-about-a-bubble</link>
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            <category><![CDATA[view]]></category>
            <dc:creator><![CDATA[Jean-Michel Paul]]></dc:creator>
            <pubDate>Thu, 11 Jan 2018 13:57:07 GMT</pubDate>
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                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/itYOohgcNV1Y/v0/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>Mario Draghi, president of the European Central Bank (ECB), speaks during a news conference following the bank&apos;s interest rate decision, at the ECB headquarters in Frankfurt, Germany, on Thursday, Dec. 14, 2017. The European Central Bank maintained its pledge to move slowly in winding down euro-area stimulus, as investors wait to see if President Mario Draghi will unveil a more upbeat economic outlook. Photographer: Alex Kraus/Bloomberg via Getty Images</media:description>
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        </item>
        <item>
            <title><![CDATA[A Better Way to Fix the U.K.'s Student Debt Problem]]></title>
            <description><![CDATA[Both Conservatives and Labour are focusing on tuition levels. That approach won't work.]]></description>
            <link>https://www.bloomberg.com/view/articles/2017-11-22/a-better-way-to-fix-the-u-k-s-student-debt-problem</link>
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            <category><![CDATA[view]]></category>
            <dc:creator><![CDATA[Jean-Michel Paul]]></dc:creator>
            <pubDate>Wed, 22 Nov 2017 06:25:10 GMT</pubDate>
            <media:content url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iD0gzWYbNvjA/v0/piHJkQ_WoLj1E/-1x-1.jpg" type="image/jpeg">
                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iD0gzWYbNvjA/v0/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>LONDON, ENGLAND - JULY 15:  Students throw their caps in the air ahead of their graduation ceremony at the Royal Festival Hall on July 15, 2014 in London, England. Students of the London College of Fashion, Management and Science and Media and Communication attended their graduation ceremony at the Royal Festival Hall today.  (Photo by Dan Kitwood/Getty Images)</media:description>
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        </item>
        <item>
            <title><![CDATA[Your Local Bank Could Be the Central Bank]]></title>
            <description><![CDATA[Central banks will have to embrace digital currencies; the question is how far they will go.]]></description>
            <link>https://www.bloomberg.com/view/articles/2017-10-06/your-local-bank-could-be-the-central-bank</link>
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            <category><![CDATA[view]]></category>
            <dc:creator><![CDATA[Jean-Michel Paul]]></dc:creator>
            <pubDate>Fri, 06 Oct 2017 11:04:29 GMT</pubDate>
            <media:content url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i7sqPxN8mhwY/v0/piHJkQ_WoLj1E/-1x-1.jpg" type="image/jpeg">
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                <media:description>A bitcoin trading page is displayed on a computer monitor via software for trading virtual currencies in Tokyo, Japan, on Wednesday, Aug. 30, 2017. Stock of Bitcoin, the best-known digital currency, has surged 358 percent this year. While staggering, lesser-known competitors have seen even bigger gains, such as the more than 4,000 percent increase for ethereum. Photographer: Tomohiro Ohsumi/Bloomberg via Getty Images</media:description>
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        </item>
        <item>
            <title><![CDATA[The Unintended Consequences of Quantitative Easing]]></title>
            <description><![CDATA[Asset inflation doesn’t have to be bad. Flush governments could invest in education and infrastructure.]]></description>
            <link>https://www.bloomberg.com/view/articles/2017-08-22/the-unintended-consequences-of-quantitative-easing</link>
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            <category><![CDATA[view]]></category>
            <dc:creator><![CDATA[Jean-Michel Paul]]></dc:creator>
            <pubDate>Tue, 22 Aug 2017 06:00:07 GMT</pubDate>
            <media:content url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iCPR5uRHGwSc/v0/piHJkQ_WoLj1E/-1x-1.jpg" type="image/jpeg">
                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iCPR5uRHGwSc/v0/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>An intaglio printing plate, used for the printing of ten euro currency banknotes, and a sheet of printing paper sits on display inside the Deutsche Bundesbank&apos;s money museum in Frankfurt, Germany, on Thursday, Dec. 29, 2016. German business sentiment rose to the highest level in almost three years in December, signaling growth in Europe&apos;s largest economy picked up speed toward the end of the year. Photographer: Alex Kraus/Bloomberg via Getty Images</media:description>
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        </item>
        <item>
            <title><![CDATA[The Euro Zone Needs Better Shock Absorbers]]></title>
            <description><![CDATA[Two separate bank rescues show that the euro zone is biding its time but needs a better way to cope with shocks.]]></description>
            <link>https://www.bloomberg.com/view/articles/2017-06-28/the-euro-zone-needs-better-shock-absorbers</link>
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            <category><![CDATA[view]]></category>
            <dc:creator><![CDATA[Jean-Michel Paul]]></dc:creator>
            <pubDate>Wed, 28 Jun 2017 10:18:30 GMT</pubDate>
            <media:content url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i._mEV0NXMl4/v0/piHJkQ_WoLj1E/-1x-1.jpg" type="image/jpeg">
                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i._mEV0NXMl4/v0/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>A logo is displayed on the window of a Banca Popolare di Vicenza SpA bank branch in Rome, Italy, on Monday, June 26, 2017. Italy orchestrated its biggest bank rescue on record, committing as much as 17 billion euros ($19 billion) to clean up two failed banks in one of its wealthiest regions, a deal that raises questions about the consistency of Europes bank regulations. Photographer: Alessia Pierdomenico/Bloomberg via Getty Images</media:description>
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        </item>
        <item>
            <title><![CDATA[Social Unrest Is France's Biggest Risk]]></title>
            <description><![CDATA[Once elected, the new president will have a short honeymoon.]]></description>
            <link>https://www.bloomberg.com/view/articles/2017-04-26/social-unrest-is-france-s-biggest-risk</link>
            <guid isPermaLink="true">https://www.bloomberg.com/view/articles/2017-04-26/social-unrest-is-france-s-biggest-risk</guid>
            <dc:creator><![CDATA[Jean-Michel Paul]]></dc:creator>
            <pubDate>Wed, 26 Apr 2017 05:54:08 GMT</pubDate>
            <media:content url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/icMt1g2eWFjc/v0/piHJkQ_WoLj1E/-1x-1.jpg" type="image/jpeg">
                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/icMt1g2eWFjc/v0/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>A protester stands in the street during clashes with Anti-riot policemen within an antifascist march, to commemorate the anniversary of the death of young far-left activist Clement Meric who died in central Paris three years ago in a fight with skinheads in Paris, on June 4, 2016. / AFP / DOMINIQUE FAGET        (Photo credit should read DOMINIQUE FAGET/AFP/Getty Images)</media:description>
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            <title><![CDATA[Only Germans Love the Euro These Days]]></title>
            <description><![CDATA[They weren't expecting to like it. Others weren't expecting to hate it.]]></description>
            <link>https://www.bloomberg.com/view/articles/2017-02-17/only-germans-love-the-euro-these-days</link>
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            <dc:creator><![CDATA[Jean-Michel Paul]]></dc:creator>
            <pubDate>Fri, 17 Feb 2017 06:15:06 GMT</pubDate>
            <media:content url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iWB94_apa2G4/v0/piHJkQ_WoLj1E/-1x-1.jpg" type="image/jpeg">
                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iWB94_apa2G4/v0/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>Supporters of Alexis Tsipras, Greece&apos;s prime minister, wave banners during a &quot;No&quot; rally against accepting bailout conditions on Syntagma Square in Athens, Greece, on Friday, July 3, 2015. Greece and the euro region dug into their positions before the country&apos;s referendum on Sunday as polls show the outcome is impossible to predict and what happens next even more uncertain. Photographer: Chris Ratcliffe/Bloomberg via Getty Images</media:description>
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        </item>
        <item>
            <title><![CDATA[Policies for Populists (That Won't Kill Growth)]]></title>
            <description><![CDATA[A few ways to appease angry voters without losing the benefits of globalization.]]></description>
            <link>https://www.bloomberg.com/view/articles/2016-11-21/policies-for-populists-that-won-t-destroy-growth</link>
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            <dc:creator><![CDATA[Jean-Michel Paul]]></dc:creator>
            <pubDate>Mon, 21 Nov 2016 16:15:32 GMT</pubDate>
            <media:content url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iFGtq3yGv.aw/v0/piHJkQ_WoLj1E/-1x-1.jpg" type="image/jpeg">
                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iFGtq3yGv.aw/v0/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>Supporters hold placards during the final rally by Republican presidential nominee Donald Trump at Devos Place in Grand Rapids, Michigan on November 7, 2016. / AFP / MANDEL NGAN        (Photo credit should read MANDEL NGAN/AFP/Getty Images)</media:description>
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        </item>
        <item>
            <title><![CDATA[Preparing for the Post-QE World]]></title>
            <description><![CDATA[QE programs will eventually come to an end. There's a way to benefit from the money created.]]></description>
            <link>https://www.bloomberg.com/view/articles/2016-10-12/preparing-for-the-post-qe-world</link>
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            <dc:creator><![CDATA[Jean-Michel Paul]]></dc:creator>
            <pubDate>Wed, 12 Oct 2016 12:21:28 GMT</pubDate>
            <media:content url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iKDM52AcGcgA/v0/piHJkQ_WoLj1E/-1x-1.jpg" type="image/jpeg">
                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iKDM52AcGcgA/v0/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>Burning 50 dollar bill</media:description>
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        </item>
        <item>
            <title><![CDATA[EU Fiscal Stimulus Is Just a Rule Change Away]]></title>
            <description><![CDATA[Europe's accounting rules discourage investment. Private sector principles provide a way forward.]]></description>
            <link>https://www.bloomberg.com/view/articles/2016-09-07/eu-fiscal-stimulus-is-just-a-rule-change-away</link>
            <guid isPermaLink="true">https://www.bloomberg.com/view/articles/2016-09-07/eu-fiscal-stimulus-is-just-a-rule-change-away</guid>
            <dc:creator><![CDATA[Jean-Michel Paul]]></dc:creator>
            <pubDate>Wed, 07 Sep 2016 10:40:05 GMT</pubDate>
            <media:content url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ig0MRKQS47DY/v0/piHJkQ_WoLj1E/-1x-1.jpg" type="image/jpeg">
                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ig0MRKQS47DY/v0/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>Mario Draghi, president of the European Central Bank (ECB), speaks during a news conference to announce the bank&apos;s interest rate decision at the ECB headquarters in Frankfurt, Germany, on Thursday, July 21, 2016. Draghi said the European Central Bank wont hesitate to add fresh stimulus if needed once it has a clearer picture of the economic impact from the U.K.s vote to leave the European Union. Photographer: Jasper Juinen/Bloomberg via Getty Images</media:description>
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        </item>
        <item>
            <title><![CDATA[Post-Brexit, the Real Risk Is Europe Could Fail]]></title>
            <description><![CDATA[The single currency and border-free travel are closely linked. The EU's survival depends on whether it can now rescue them.]]></description>
            <link>https://www.bloomberg.com/view/articles/2016-07-01/post-brexit-the-euro-and-schengen-are-both-in-danger</link>
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            <dc:creator><![CDATA[Jean-Michel Paul]]></dc:creator>
            <pubDate>Fri, 01 Jul 2016 09:43:43 GMT</pubDate>
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                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ib6aPj5hY9ic/v0/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>STRASBOURG, FRANCE - MAY 12:  An umbrella adorned with the EU flag is carried by a protester during a march against employment laws in the centre of Strasbourg on May 12, 2016 in Strasbourg, France.  The United Kingdom  will hold a referendum on June 23, 2016 to decide whether or not to remain a member of the European Union (EU), an economic and political partnership involving 28 European countries, which allows members to trade together in a single market and provide free movement across it&apos;s borders for cirtizens.  (Photo by Christopher Furlong/Getty Images)</media:description>
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        </item>
        <item>
            <title><![CDATA[Meet the Radical Majority]]></title>
            <description><![CDATA[Globalization and immigration have many losers, not few. Britain's just spoke up.]]></description>
            <link>https://www.bloomberg.com/view/articles/2016-06-24/globalization-s-discontents-are-many</link>
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            <dc:creator><![CDATA[Jean-Michel Paul]]></dc:creator>
            <pubDate>Fri, 24 Jun 2016 17:30:20 GMT</pubDate>
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                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iP_yB93IkRDE/v0/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>European leaders at the European Summit in Dublin, 26th June 1990. Front row, left to right: Italian Prime Minister Giulio Andreotti, French president Francois Mitterrand (1916 - 1996), Irish Taoiseach Charles Haughey (1925 - 2006) and British Prime Minister Margaret Thatcher. In the back row (third from left) is British Foreign Secretary Douglas Hurd. (Photo by Georges De Keerle/Getty Images) </media:description>
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            <title><![CDATA[Europe Needs a Golden Rule for Spending]]></title>
            <description><![CDATA[Crumbling infrastructure is a testament to misallocated resources.]]></description>
            <link>https://www.bloomberg.com/view/articles/2016-05-11/europe-needs-new-rules-for-investment-spending</link>
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            <dc:creator><![CDATA[Jean-Michel Paul]]></dc:creator>
            <pubDate>Wed, 11 May 2016 10:29:59 GMT</pubDate>
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                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iCIM6OIhMIQQ/v2/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>TO GO WITH STORY &quot;A Bruxelles, les tunnels tombent en ruine&quot; A sign announces the closure of a tunnel  in Brussels on March 4, 2016.The closing since the beginning of the year of several unstable road tunnels has further accentuated the serious traffic problems. / AFP / EMMANUEL DUNAND        (Photo credit should read EMMANUEL DUNAND/AFP/Getty Images)</media:description>
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        </item>
        <item>
            <title><![CDATA[Seoul Does Stimulus With a Twist]]></title>
            <description><![CDATA[Europe should watch closely.]]></description>
            <link>https://www.bloomberg.com/view/articles/2016-05-06/south-korea-s-qe-is-stimulus-with-a-twist</link>
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            <dc:creator><![CDATA[Jean-Michel Paul]]></dc:creator>
            <pubDate>Fri, 06 May 2016 05:34:03 GMT</pubDate>
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                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iZ9hHJlHHqZc/v2/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>A couple poses for a selfie on a street in Seoul on March 10, 2016.South Korea&apos;s central bank kept its key interest rate unchanged at record lows, refusing to cut further as it looks to nurture growth in the anaemic economy while also preventing a flight of capital from the country. / AFP / Ed Jones        (Photo credit should read ED JONES/AFP/Getty Images)</media:description>
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            <title><![CDATA[Negative Rates Should Prompt German Action, Not Angst]]></title>
            <description><![CDATA[The euro may not survive a political backlash from the ECB's largest shareholder.]]></description>
            <link>https://www.bloomberg.com/view/articles/2016-04-20/negative-rates-fuel-german-angst-over-the-euro</link>
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            <dc:creator><![CDATA[Jean-Michel Paul]]></dc:creator>
            <pubDate>Wed, 20 Apr 2016 11:14:55 GMT</pubDate>
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                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iqv63ewlJ_sg/v2/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>GERMANY - DECEMBER 22: Ready for the detachment,,, A 1 Euro and a 1 DM coin in front of a European flag. (Photo by Ulrich Baumgarten via Getty Images)</media:description>
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        </item>
        <item>
            <title><![CDATA[Investors Love London Real Estate. That's a Problem.]]></title>
            <description><![CDATA[When housing bubbles, watch out for bigger economic troubles.]]></description>
            <link>https://www.bloomberg.com/view/articles/2016-04-06/hot-london-houses-fuel-britain-s-current-account-deficit</link>
            <guid isPermaLink="true">https://www.bloomberg.com/view/articles/2016-04-06/hot-london-houses-fuel-britain-s-current-account-deficit</guid>
            <dc:creator><![CDATA[Jean-Michel Paul]]></dc:creator>
            <pubDate>Wed, 06 Apr 2016 05:19:04 GMT</pubDate>
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                <media:description>A pedestrian walks past residential property in Eaton Place in the London area of Belgravia, in London, U.K., on Thursday, Nov. 15, 2012. London luxury homes won&apos;t rise in value next year for the first time since 2008 as proposals to extend property transaction taxes deter buyers, Jones Lang LaSalle Inc. said. Photographer: Chris Ratcliffe/Bloomberg via Getty Images</media:description>
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        </item>
        <item>
            <title><![CDATA[Europe's Banks Can't Do Draghi's Bidding]]></title>
            <description><![CDATA[Bank customers are cautious, margins are squeezed and defenses weak.]]></description>
            <link>https://www.bloomberg.com/view/articles/2016-04-01/europe-s-banks-can-t-do-draghi-s-bidding</link>
            <guid isPermaLink="true">https://www.bloomberg.com/view/articles/2016-04-01/europe-s-banks-can-t-do-draghi-s-bidding</guid>
            <dc:creator><![CDATA[Jean-Michel Paul]]></dc:creator>
            <pubDate>Fri, 01 Apr 2016 09:19:05 GMT</pubDate>
            <media:content url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ix5ECTj0t05Y/v2/piHJkQ_WoLj1E/-1x-1.jpg" type="image/jpeg">
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                <media:description>A customer shelters from the rain beneath an umbrella as she exits a Banca Monte dei Paschi di Siena SpA bank branch in Siena, Italy, on Saturday, Feb. 23, 2013. Banca Monte dei Paschi di Siena SpA, whose headquarters are in Siena, is the world&apos;s oldest lender, and is being probed by regulators and prosecutors after using derivatives to hide losses. Photographer Alessia Pierdomenico/Bloomberg via Getty Images</media:description>
            </media:content>
        </item>
        <item>
            <title><![CDATA[Belgium, My Country, Is in Denial]]></title>
            <description><![CDATA[We need to keep calm, but not just carry on.]]></description>
            <link>https://www.bloomberg.com/view/articles/2016-03-23/belgium-my-country-is-in-denial</link>
            <guid isPermaLink="true">https://www.bloomberg.com/view/articles/2016-03-23/belgium-my-country-is-in-denial</guid>
            <dc:creator><![CDATA[Jean-Michel Paul]]></dc:creator>
            <pubDate>Wed, 23 Mar 2016 14:51:26 GMT</pubDate>
            <media:content url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ihA7hsGGucrs/v1/piHJkQ_WoLj1E/-1x-1.jpg" type="image/jpeg">
                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ihA7hsGGucrs/v1/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>Belgian police officers stand guard at the Grand Place in Brussels on March 23, 2016, a day after blasts hit the Belgian capital. World leaders united in condemning the carnage in Brussels and vowed to combat terrorism, after Islamic State bombers killed 31 people in a strike at the symbolic heart of the EU. AFP PHOTO / KENZO TRIBOUILLARD / AFP / KENZO TRIBOUILLARD        (Photo credit should read KENZO TRIBOUILLARD/AFP/Getty Images)</media:description>
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