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        <title><![CDATA[Ben Carlson - Dir:Institutional Asset Mgmt]]></title>
        <description><![CDATA[Ben Carlson is director of institutional asset management at Ritholtz Wealth Management. He is the author of "Organizational Alpha: How to Add Value in Institutional Asset Management."]]></description>
        <link>https://www.bloomberg.com/authors/ATHWwVBwrEU/ben-carlson</link>
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        <copyright><![CDATA[Copyright 2026 BLOOMBERG L.P. ALL RIGHTS RESERVED]]></copyright>
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        <item>
            <title><![CDATA[Lump-Sum Investing Is the Best Strategy, Except Now]]></title>
            <description><![CDATA[In this market, dollar cost averaging provides a lower probability of large losses.]]></description>
            <link>https://www.bloomberg.com/view/articles/2018-04-18/lump-sum-investing-is-the-best-strategy-except-in-this-market</link>
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            <dc:creator><![CDATA[Ben Carlson]]></dc:creator>
            <pubDate>Wed, 18 Apr 2018 18:56:30 GMT</pubDate>
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                <media:description>Berlin, Germany - August 03: In this Photo Illustration a person hand over dollar bills to another person on August 03, 2016 in Berlin, Germany. (Photo Illustration by Thomas Trutschel/Photothek via Getty Images)</media:description>
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        </item>
        <item>
            <title><![CDATA[Don't Use the 200-Day Moving Average as a Sell Signal]]></title>
            <description><![CDATA[Investors need to be careful about blindly following any rule that gets them out of the market.]]></description>
            <link>https://www.bloomberg.com/view/articles/2018-04-10/the-200-day-moving-average-isn-t-surefire-signal-to-sell-stocks</link>
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            <category><![CDATA[view]]></category>
            <dc:creator><![CDATA[Ben Carlson]]></dc:creator>
            <pubDate>Tue, 10 Apr 2018 17:00:16 GMT</pubDate>
            <media:content url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ixrb.JvyCBpU/v0/piHJkQ_WoLj1E/-1x-1.jpg" type="image/jpeg">
                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ixrb.JvyCBpU/v0/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>SYDNEY, NSW - NOVEMBER 15:  A man with a placard takes part in a demonstration opposing the Australian Federal Government&apos;s planned new industrial relations laws November 15, 2005 in Sydney, Australia. An estimated 250,000 people took part in demonstrations across Australia against the governments proposed workplace relations changes.  (Photo by Ian Waldie/Getty Images)</media:description>
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        </item>
        <item>
            <title><![CDATA[Lawmakers Don't Understand How Stock Buybacks Work]]></title>
            <description><![CDATA[Repurchases benefit all shareholders, much like dividends.]]></description>
            <link>https://www.bloomberg.com/view/articles/2018-03-27/congress-would-make-a-mistake-by-banning-share-buybacks</link>
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            <category><![CDATA[view]]></category>
            <dc:creator><![CDATA[Ben Carlson]]></dc:creator>
            <pubDate>Tue, 27 Mar 2018 17:00:12 GMT</pubDate>
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                <media:description>Two people help themselves to slices from a pie decorated with a dollar sign, 1979.  (Photo by Alfred Gescheidt/Getty Images)</media:description>
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        </item>
        <item>
            <title><![CDATA[Larry Kudlow's Strong Dollar Is Easier Said Than Done]]></title>
            <description><![CDATA[Currencies don’t always do what politicians or economists would like them to.]]></description>
            <link>https://www.bloomberg.com/view/articles/2018-03-20/larry-kudlow-s-strong-dollar-is-easier-said-than-done</link>
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            <category><![CDATA[view]]></category>
            <dc:creator><![CDATA[Ben Carlson]]></dc:creator>
            <pubDate>Tue, 20 Mar 2018 16:03:33 GMT</pubDate>
            <media:content url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iwuMo3zvoMD0/v0/piHJkQ_WoLj1E/-1x-1.jpg" type="image/jpeg">
                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iwuMo3zvoMD0/v0/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>US conservative commentator and economic analyst Larry Kudlow speaks on the set of CNBC at the closing bell of the Dow Industrial Average at the New York Stock Exchange on March 8, 2018 in New York.  / AFP PHOTO / Bryan R. Smith        (Photo credit should read BRYAN R. SMITH/AFP/Getty Images)</media:description>
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        <item>
            <title><![CDATA[Rising Treasury Yields Are a Good Problem to Have]]></title>
            <description><![CDATA[Higher rates are a boon to bond buyers, hedge funds and savers.]]></description>
            <link>https://www.bloomberg.com/view/articles/2018-03-16/rising-treasury-yields-are-a-good-problem-to-have</link>
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            <category><![CDATA[view]]></category>
            <dc:creator><![CDATA[Ben Carlson]]></dc:creator>
            <pubDate>Fri, 16 Mar 2018 10:00:12 GMT</pubDate>
            <media:content url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iqUx9GCJSSkU/v0/piHJkQ_WoLj1E/-1x-1.jpg" type="image/jpeg">
                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iqUx9GCJSSkU/v0/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>BERLIN - SEPTEMBER 10:  Two elderly women push shopping carts down a street on September 10, 2010 in Berlin, Germany. Germany&apos;s elderly population is growing and its overall population is shrinking. Demographers and economists argue that the German government must improve policies designed to encourage immigration of skilled labour from abroad if German economic growth is to be maintained.  (Photo by Sean Gallup/Getty Images)</media:description>
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        </item>
        <item>
            <title><![CDATA[Be Wary of the Gap Between Stock and Bond Yields]]></title>
            <description><![CDATA[Ten-year Treasuries now offer better returns than equity dividends, but that may be misleading.]]></description>
            <link>https://www.bloomberg.com/view/articles/2018-03-07/be-wary-of-the-gap-between-stock-and-bond-yields</link>
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            <category><![CDATA[view]]></category>
            <dc:creator><![CDATA[Ben Carlson]]></dc:creator>
            <pubDate>Wed, 07 Mar 2018 17:47:32 GMT</pubDate>
            <media:content url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iFROQxkIHh44/v0/piHJkQ_WoLj1E/-1x-1.jpg" type="image/jpeg">
                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iFROQxkIHh44/v0/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>NEW YORK - SEPTEMBER 16:  A Wall St. sign next to the New York Stock Exchange (NYSE) September 16, 2008 in New York City. U.S. stocks continued to drop Tuesday morning for the second consecutive day, following yesterday&apos;s Dow Jones Industrial Average plunge of 4.4% or 504 points, being the worst single day loss since the terrorist attacks of September 2001. Today the Federal Reserve is scheduled to announce the target interest rates for the federal funds. It&apos;s not clear how the central bank will respond to recent turmoil in the world&apos;s financial markets. This comes after news of Merrill Lynch &amp; Co. Inc selling itself to Bank of America Corp, the financial firm Lehman Brothers Holdings Inc. filing for Chapter 11 bankruptcy protection, and insurance giant American International Group Inc. (AIG) attempting to raise capital to stay afloat. (Photo by Spencer Platt/Getty Images)</media:description>
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        </item>
        <item>
            <title><![CDATA[Stocks Are More Similar to Bonds Than You Think]]></title>
            <description><![CDATA[Ignore conventional wisdom, inflation can harm both at the same time.]]></description>
            <link>https://www.bloomberg.com/view/articles/2018-03-01/inflation-can-hit-stocks-and-bonds-at-the-same-time</link>
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            <category><![CDATA[view]]></category>
            <dc:creator><![CDATA[Ben Carlson]]></dc:creator>
            <pubDate>Thu, 01 Mar 2018 14:00:12 GMT</pubDate>
            <media:content url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ipgXee0ZOWr0/v0/piHJkQ_WoLj1E/-1x-1.jpg" type="image/jpeg">
                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ipgXee0ZOWr0/v0/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>WASHINGTON - MARCH 13:  Warren Buffett, chairman and CEO of Berkshire Hathaway Inc., participates in a panel discussion, &quot;Framing the Issues: Markets Perspectives,&quot; at Georgetown University March 13, 2007 in Washington, DC. Treasury Secretary Henry Paulson hosted the &quot;Treasury Conference on U.S. Capital Markets Competativeness,&quot; a day-long program to focus on capital market issues like regulation, competition and other related topics.  (Photo by Chip Somodevilla/Getty Images)</media:description>
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        <item>
            <title><![CDATA[Inflation Is a Bigger Danger to Stocks Than Rising Rates]]></title>
            <description><![CDATA[Rising prices have a stronger relationship with poor market outcomes.]]></description>
            <link>https://www.bloomberg.com/view/articles/2018-02-22/inflation-is-a-bigger-danger-to-stocks-than-interest-rates</link>
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            <category><![CDATA[view]]></category>
            <dc:creator><![CDATA[Ben Carlson]]></dc:creator>
            <pubDate>Thu, 22 Feb 2018 10:00:26 GMT</pubDate>
            <media:content url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iHD2m4CAWHLc/v0/piHJkQ_WoLj1E/-1x-1.jpg" type="image/jpeg">
                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iHD2m4CAWHLc/v0/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>South African rand banknotes and coins sit in the till of a retail store in Johannesburg, South Africa, on Thursday, June 22, 2017. South Africas inflation rate rose for the first time this year in May after food-price growth quickened from the slowest pace since December 2015. Photographer: Waldo Swiegers/Bloomberg via Getty Images</media:description>
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        <item>
            <title><![CDATA[Bond Bear Markets Aren't Measured in Losses Alone]]></title>
            <description><![CDATA[The real risk to investors is the loss of purchasing power over the long term due to inflation.]]></description>
            <link>https://www.bloomberg.com/view/articles/2018-02-12/bond-bear-markets-aren-t-measured-in-losses-alone</link>
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            <category><![CDATA[view]]></category>
            <dc:creator><![CDATA[Ben Carlson]]></dc:creator>
            <pubDate>Mon, 12 Feb 2018 17:08:12 GMT</pubDate>
            <media:content url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iHgGrNo4XPZc/v0/piHJkQ_WoLj1E/-1x-1.jpg" type="image/jpeg">
                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iHgGrNo4XPZc/v0/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>BERLIN - NOVEMBER 09:  Knut, the polar bear born last year in the Berlin Zoo, wakes up after a nap in his pen at the zoo November 9, 2007 in Berlin, Germany. Knut, who was the center of international media attention soon after he was born, will turn one year old on December 5.  (Photo by Sean Gallup/Getty Images)</media:description>
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        </item>
        <item>
            <title><![CDATA[These Kinds of Stock-Market Losses Aren't That Unusual]]></title>
            <description><![CDATA[Daily dips of 2 percent or worse occur a little more than five times a year, on average.]]></description>
            <link>https://www.bloomberg.com/view/articles/2018-02-06/these-kinds-of-stock-market-losses-aren-t-that-unusual</link>
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            <category><![CDATA[view]]></category>
            <dc:creator><![CDATA[Ben Carlson]]></dc:creator>
            <pubDate>Tue, 06 Feb 2018 16:29:50 GMT</pubDate>
            <media:content url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ibCd38VI0vkY/v0/piHJkQ_WoLj1E/-1x-1.jpg" type="image/jpeg">
                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ibCd38VI0vkY/v0/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>NEW YORK - MAY 29:   People ride the Cyclone roller coaster at Coney Island during the Memorial Day weekend on May 29, 2005 in Brooklyn, New York City. Warm and sunny weather lured hundreds of people to the shores and parks. (Photo by Michael Nagle/Getty Images)</media:description>
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        <item>
            <title><![CDATA[U.S. Investors Need to Shed Their Home-Country Bias]]></title>
            <description><![CDATA[American financial assets are expensive, but foreign markets offer higher yields.]]></description>
            <link>https://www.bloomberg.com/view/articles/2018-01-23/u-s-investors-need-to-shed-their-home-country-bias</link>
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            <category><![CDATA[view]]></category>
            <dc:creator><![CDATA[Ben Carlson]]></dc:creator>
            <pubDate>Tue, 23 Jan 2018 17:54:12 GMT</pubDate>
            <media:content url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ie2b0XQLk5dE/v0/piHJkQ_WoLj1E/-1x-1.jpg" type="image/jpeg">
                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ie2b0XQLk5dE/v0/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>NEW YORK - FEBRUARY 23:  A man walks down Wall Street outside the New York Stock Exchange February 23, 2009 in New York City. Stocks tumbled to their lowest close in 12 years with the Dow Jones closing down 3.41 percent to 7114.78  (Photo by Mario Tama/Getty Images)</media:description>
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            <title><![CDATA[Low Economic Volatility Won't Keep Markets Calm Forever]]></title>
            <description><![CDATA[Stability itself can create instability when investors become too complacent.]]></description>
            <link>https://www.bloomberg.com/view/articles/2018-01-18/low-economic-volatility-won-t-keep-markets-calm-forever</link>
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            <category><![CDATA[view]]></category>
            <dc:creator><![CDATA[Ben Carlson]]></dc:creator>
            <pubDate>Thu, 18 Jan 2018 13:00:23 GMT</pubDate>
            <media:content url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iv_K.24NTTK4/v0/piHJkQ_WoLj1E/-1x-1.jpg" type="image/jpeg">
                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iv_K.24NTTK4/v0/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>TOPSHOT - Brazilian surfer Lucas Chumbo rides a wave during the first surf session of 2018 at Praia do Norte in Nazare on January 1, 2018.  / AFP PHOTO / PATRICIA DE MELO MOREIRA        (Photo credit should read PATRICIA DE MELO MOREIRA/AFP/Getty Images)</media:description>
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        <item>
            <title><![CDATA[Prepare for the Next Bear Market in Stocks]]></title>
            <description><![CDATA[Six questions to think about before the inevitable downturn begins.]]></description>
            <link>https://www.bloomberg.com/view/articles/2018-01-10/prepare-for-the-next-bear-market-in-stocks</link>
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            <category><![CDATA[view]]></category>
            <dc:creator><![CDATA[Ben Carlson]]></dc:creator>
            <pubDate>Wed, 10 Jan 2018 17:23:51 GMT</pubDate>
            <media:content url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iJDLRm.3o2Iw/v0/piHJkQ_WoLj1E/-1x-1.jpg" type="image/jpeg">
                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iJDLRm.3o2Iw/v0/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>A brown bear rests on a rock at its enclosure at the Zoological Park in the eastern French city of Amneville on October 12, 2017.  / AFP PHOTO / PATRICK HERTZOG        (Photo credit should read PATRICK HERTZOG/AFP/Getty Images)</media:description>
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        <item>
            <title><![CDATA[Stock Investors Will Benefit Most From Corporate Tax Overhaul]]></title>
            <description><![CDATA[Inequality will worsen because the wealthy are by far the largest owners of equities.]]></description>
            <link>https://www.bloomberg.com/view/articles/2018-01-05/stock-investors-will-benefit-most-from-corporate-tax-overhaul</link>
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            <category><![CDATA[view]]></category>
            <dc:creator><![CDATA[Ben Carlson]]></dc:creator>
            <pubDate>Fri, 05 Jan 2018 11:00:23 GMT</pubDate>
            <media:content url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i.K4ZBA2xCR8/v0/piHJkQ_WoLj1E/-1x-1.jpg" type="image/jpeg">
                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i.K4ZBA2xCR8/v0/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>Pedestrians walk past the New York Stock Exchange (NYSE) during a snow storm in New York, U.S., on Thursday, Jan. 4, 2018. A fast-moving winter storm, growing stronger by the hour, has grounded 3,000 flights, delayed rail travelers in the busy Northeast Corridor and closed schools in New York and Boston. Photographer: Mark Kauzlarich/Bloomberg via Getty Images</media:description>
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        <item>
            <title><![CDATA[Hunt for Next Bitcoin Will Spark Wilder Crypto Swings]]></title>
            <description><![CDATA[New exchanges are creating a lottery for winners.]]></description>
            <link>https://www.bloomberg.com/view/articles/2017-12-27/hunt-for-next-bitcoin-will-spark-wilder-crypto-swings</link>
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            <category><![CDATA[view]]></category>
            <dc:creator><![CDATA[Ben Carlson]]></dc:creator>
            <pubDate>Wed, 27 Dec 2017 11:00:09 GMT</pubDate>
            <media:content url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/izk1bFHkoWgY/v0/piHJkQ_WoLj1E/-1x-1.jpg" type="image/jpeg">
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                <media:description>CHICAGO, IL - DECEMBER 19: A computer screen at the Cboe Global Markets exchange (previously referred to as CBOE Holdings, Inc.) shows Bitcoin cash and futures prices on December 19, 2017 in Chicago, Illinois.  Last week the exchange became the first in the Unites States to begin trading Bitcoin futures. Bitcoin prices have surged in the past year, going from $1,000 a coin at the beginning of the year to a recent high of around $20,000.  (Photo by Scott Olson/Getty Images)</media:description>
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        <item>
            <title><![CDATA[Yield Curve Inversions and Stocks Are a Toxic Mix]]></title>
            <description><![CDATA[Every time since the mid-1970s that long rates have fallen below short rates, the S&P 500 has experienced a double-digit drawdown.]]></description>
            <link>https://www.bloomberg.com/view/articles/2017-12-18/yield-curve-inversions-and-stocks-are-a-toxic-mix</link>
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            <category><![CDATA[view]]></category>
            <dc:creator><![CDATA[Ben Carlson]]></dc:creator>
            <pubDate>Mon, 18 Dec 2017 14:00:15 GMT</pubDate>
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                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iKx9ro.Bm46Y/v0/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>LONDON - JUNE 30:  Rail tracks merge at London Bridge station June 30, 2003 in London, United Kingdom. Network Rail has confirmed 2,000 jobs will be lost over the next 3 years as part of a cost-cutting plan, prompting unions to threaten to strike over the job cuts. It was reported that trains might not run on time for years.  (Photo by Scott Barbour/Getty Images)</media:description>
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        <item>
            <title><![CDATA[A Year of Double-Digit Gains Is the Norm for Stocks]]></title>
            <description><![CDATA[The average annual increase of 21 percent and the average annual loss of 14 percent offer a wide range to work with.]]></description>
            <link>https://www.bloomberg.com/view/articles/2017-12-08/a-year-of-double-digit-gains-is-the-norm-for-stocks</link>
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            <category><![CDATA[view]]></category>
            <dc:creator><![CDATA[Ben Carlson]]></dc:creator>
            <pubDate>Fri, 08 Dec 2017 17:14:23 GMT</pubDate>
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                <media:description>A general view shows the Swiss village of Bondo after another landslide on August 25, 2017.Eight hikers are still missing after a massive landslide swept away an entire mountainside in the Swiss Alps, ripping apart buildings and forcing the evacuation of a village. The landslide, which struck on August 22, sent mud, rocks and dirt flooding down the Piz Cengalo mountain into the outskirts of the village of Bondo, near the Italian border. / AFP PHOTO / MIGUEL MEDINA        (Photo credit should read MIGUEL MEDINA/AFP/Getty Images)</media:description>
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        <item>
            <title><![CDATA[Sell or Hold? What to Do When Your Stocks Are Soaring]]></title>
            <description><![CDATA[Here are some options for those sitting on big gains this year.]]></description>
            <link>https://www.bloomberg.com/view/articles/2017-12-01/sell-or-hold-what-to-do-when-your-stocks-are-soaring</link>
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            <category><![CDATA[view]]></category>
            <dc:creator><![CDATA[Ben Carlson]]></dc:creator>
            <pubDate>Fri, 01 Dec 2017 15:30:10 GMT</pubDate>
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                <media:description>GOOD MORNING AMERICA - Amy Robach finds a pot of gold on St. Patrick&apos;s Day at GOOD MORNING AMERICA, 3/17/15, airing on the ABC Television Network.  (Photo by Ida Mae Astute/ABC via Getty Images)</media:description>
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        </item>
        <item>
            <title><![CDATA[Pension Funds Would Be Well-Advised to Reduce Risk]]></title>
            <description><![CDATA[Conditions may dictate switching from stocks to bonds.]]></description>
            <link>https://www.bloomberg.com/view/articles/2017-11-21/pension-funds-would-be-well-advised-to-reduce-risk</link>
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            <category><![CDATA[view]]></category>
            <dc:creator><![CDATA[Ben Carlson]]></dc:creator>
            <pubDate>Tue, 21 Nov 2017 17:00:10 GMT</pubDate>
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                <media:description>Signage stands outside the offices of the California Public Employees&apos; Retirement System (Calpers) in Sacramento, California, U.S., on Monday, Sept. 13, 2010. California  Governor Arnold Schwarzenegger backed off a proposal to borrow $2 billion from the California Public Employees&apos; Retirement System to help balance a state budget now almost three months overdue. Photographer: Ken James/Bloomberg via Getty Images</media:description>
            </media:content>
        </item>
        <item>
            <title><![CDATA[Even With Low Returns, Bonds Still Have Their Use]]></title>
            <description><![CDATA[The current situation will require investors to lower their expectations, but they'll still need a hedge.]]></description>
            <link>https://www.bloomberg.com/view/articles/2017-11-16/even-with-low-returns-bonds-still-have-their-use</link>
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            <category><![CDATA[view]]></category>
            <dc:creator><![CDATA[Ben Carlson]]></dc:creator>
            <pubDate>Thu, 16 Nov 2017 18:19:19 GMT</pubDate>
            <media:content url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iAqXGNuQtPog/v0/piHJkQ_WoLj1E/-1x-1.jpg" type="image/jpeg">
                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iAqXGNuQtPog/v0/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>Base-jumping, extreme sports, base-jumper jumping from a cliff in the Swiss Alps. (Photo by: Andia/UIG via Getty Images)</media:description>
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