<?xml version="1.0" encoding="UTF-8"?><?xml-stylesheet type="text/xsl" href="//mcalvany.com/main-sitemap.xsl"?>
<urlset xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:image="http://www.google.com/schemas/sitemap-image/1.1" xsi:schemaLocation="http://www.sitemaps.org/schemas/sitemap/0.9 http://www.sitemaps.org/schemas/sitemap/0.9/sitemap.xsd http://www.google.com/schemas/sitemap-image/1.1 http://www.google.com/schemas/sitemap-image/1.1/sitemap-image.xsd" xmlns="http://www.sitemaps.org/schemas/sitemap/0.9">
	<url>
		<loc>https://mcalvany.com/mwm/credit-bubble-bulletin/credit-bubble-weekly/weekly-commentary-core-of-the-core/</loc>
		<lastmod>2015-08-08T04:30:00+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/stock-bulls-hold-the-line-august-8-2015/</loc>
		<lastmod>2015-08-07T23:34:14+00:00</lastmod>
		<image:image>
			<image:loc>https://mcalvany.com/wp-content/uploads/2022/09/Screen-Shot-2015-08-07-at-4.31.57-PM-2.png</image:loc>
		</image:image>
	</url>
	<url>
		<loc>https://mcalvany.com/mwm/credit-bubble-bulletin/credit-bubble-weekly/weekly-commentary-money-and-spheres/</loc>
		<lastmod>2015-08-01T04:42:00+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/there-will-be-no-weekly-recap-today-july-31-2015/</loc>
		<lastmod>2015-08-01T01:09:46+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/mwm/credit-bubble-bulletin/credit-bubble-weekly/weekly-commentary-same-old-same-old/</loc>
		<lastmod>2015-07-25T05:01:00+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/pre-crisis-gold-selling-reveals-a-desperate-china-july-24-2015/</loc>
		<lastmod>2015-07-24T21:14:19+00:00</lastmod>
		<image:image>
			<image:loc>https://mcalvany.com/wp-content/uploads/2022/09/Screen-Shot-2015-07-24-at-2.13.11-PM-2.png</image:loc>
		</image:image>
	</url>
	<url>
		<loc>https://mcalvany.com/mwm/credit-bubble-bulletin/credit-bubble-weekly/weekly-commentary-lessons-of-2004/</loc>
		<lastmod>2015-07-18T04:49:00+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/internet-plays-rule-for-today-july-17-2015/</loc>
		<lastmod>2015-07-18T02:45:40+00:00</lastmod>
		<image:image>
			<image:loc>https://mcalvany.com/wp-content/uploads/2022/09/MWM-15-7-17-Box-Scores-2.jpg</image:loc>
		</image:image>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/greek-prime-minister-tsipras-faces-tough-battle-to-get-bailout-deal-approved-at-home/</loc>
		<lastmod>2015-07-14T20:26:07+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/drop-in-u-s-sales-dashes-optimism-for-stronger-second-quarter/</loc>
		<lastmod>2015-07-14T20:19:52+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/china-takes-extraordinary-measures-to-avoid-stock-market-crash/</loc>
		<lastmod>2015-07-14T20:18:42+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/u-s-is-at-risk-of-a-revenue-recession/</loc>
		<lastmod>2015-07-14T20:12:53+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/mwm/credit-bubble-bulletin/credit-bubble-weekly/weekly-commentary-broken/</loc>
		<lastmod>2015-07-11T05:11:00+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/mwm/credit-bubble-bulletin/credit-bubble-weekly/weekly-commentary-broken-2/</loc>
		<lastmod>2015-07-11T05:11:00+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/bond-markets-vote-no-to-greek-deal-july-10-2015/</loc>
		<lastmod>2015-07-11T01:08:01+00:00</lastmod>
		<image:image>
			<image:loc>https://mcalvany.com/wp-content/uploads/2022/09/MWM-15-7-10-2.jpg</image:loc>
		</image:image>
	</url>
	<url>
		<loc>https://mcalvany.com/mwm/credit-bubble-bulletin/credit-bubble-weekly/weekly-commentary-the-triad/</loc>
		<lastmod>2015-07-04T04:34:00+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/have-a-happy-4th-of-july-weekend-july-3-2015/</loc>
		<lastmod>2015-07-03T16:40:12+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/a-volatile-week-waiting-on-greece-june-26-2015/</loc>
		<lastmod>2015-06-26T23:07:38+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/mwm/credit-bubble-bulletin/credit-bubble-weekly/my-weekly-commentary-coming-home/</loc>
		<lastmod>2015-06-20T05:48:00+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/stocks-say-who-cares-june-19-2015/</loc>
		<lastmod>2015-06-20T01:30:30+00:00</lastmod>
		<image:image>
			<image:loc>https://mcalvany.com/wp-content/uploads/2022/09/grr_06_06_19_web.jpg</image:loc>
		</image:image>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/inflation-expectations-creep-higher-june-10-2015/</loc>
		<lastmod>2015-06-10T22:57:18+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/mwm/credit-bubble-bulletin/credit-bubble-weekly/my-weekly-commentary-just-the-facts/</loc>
		<lastmod>2015-06-06T01:06:00+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/bonds-ache-equities-have-yet-to-quake-june-5-2015/</loc>
		<lastmod>2015-06-06T00:03:59+00:00</lastmod>
		<image:image>
			<image:loc>https://mcalvany.com/wp-content/uploads/2022/09/MWM-15-6-5-Box-Scores-2.jpg</image:loc>
		</image:image>
	</url>
	<url>
		<loc>https://mcalvany.com/mwm/credit-bubble-bulletin/credit-bubble-weekly/my-weekly-commentary-out-of-thin-air/</loc>
		<lastmod>2015-05-30T01:57:00+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/waiting-on-more-data-derived-clues-may-29-2015/</loc>
		<lastmod>2015-05-29T23:35:47+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/mwm/credit-bubble-bulletin/credit-bubble-weekly/my-weekly-commentary-paying-for-the-past-insight-from-lindsey-fisher-and-greenspan/</loc>
		<lastmod>2015-05-23T01:47:00+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/inflation-picks-up-but-the-economy-doesnt-may-22-2015/</loc>
		<lastmod>2015-05-22T23:50:41+00:00</lastmod>
		<image:image>
			<image:loc>https://mcalvany.com/wp-content/uploads/2022/09/MWM-15-5-22-Box-Scores-2.png</image:loc>
		</image:image>
	</url>
	<url>
		<loc>https://mcalvany.com/mwm/credit-bubble-bulletin/credit-bubble-weekly/my-weekly-commentary-todays-new-paradigm/</loc>
		<lastmod>2015-05-16T02:33:00+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/a-different-kind-of-invisible-hand-may-15-2015/</loc>
		<lastmod>2015-05-15T23:51:06+00:00</lastmod>
		<image:image>
			<image:loc>https://mcalvany.com/wp-content/uploads/2022/09/MWM-15-5-15-Box-Scores-2.png</image:loc>
		</image:image>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/draghi-ecb-to-keep-stimulus-as-long-as-needed/</loc>
		<lastmod>2015-05-15T22:47:38+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/china-cuts-interest-rates-for-third-time-since-november-as-economy-sputters/</loc>
		<lastmod>2015-05-15T22:39:41+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/euro-zone-bond-yields-rise-as-global-sell-off-extended/</loc>
		<lastmod>2015-05-15T22:36:20+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/mwm/credit-bubble-bulletin/credit-bubble-weekly/my-weekly-commentary-the-end-is-near/</loc>
		<lastmod>2015-05-09T02:00:00+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/bigger-things-to-consider-than-the-nfps-may-8-2015/</loc>
		<lastmod>2015-05-09T00:52:29+00:00</lastmod>
		<image:image>
			<image:loc>https://mcalvany.com/wp-content/uploads/2022/09/grr_01_23_19_web.jpg</image:loc>
		</image:image>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/ecbs-draghi-says-qe-sufficiently-flexible-to-change-if-needed/</loc>
		<lastmod>2015-05-08T21:15:40+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/euro-region-bonds-rebound-after-u-s-jobs-report-helps-stem-rout/</loc>
		<lastmod>2015-05-08T21:14:29+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/u-s-job-growth-recovers-keeps-2015-fed-rate-rise-in-play/</loc>
		<lastmod>2015-05-08T21:13:17+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/european-stocks-drop-as-manufacturing-services-miss-estimates/</loc>
		<lastmod>2015-05-08T21:09:14+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/mwm/credit-bubble-bulletin/credit-bubble-weekly/my-weekly-commentary-quasi-capitalism-and-crowded-trades/</loc>
		<lastmod>2015-05-02T01:50:00+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/bonds-balk-may-1st-2015/</loc>
		<lastmod>2015-05-01T22:48:38+00:00</lastmod>
		<image:image>
			<image:loc>https://mcalvany.com/wp-content/uploads/2022/09/grr_12_13_18.jpg</image:loc>
		</image:image>
	</url>
	<url>
		<loc>https://mcalvany.com/mwm/credit-bubble-bulletin/credit-bubble-weekly/my-weekly-commentary-pro-bubble/</loc>
		<lastmod>2015-04-25T01:15:00+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/clouding-the-issue-april-24-2015/</loc>
		<lastmod>2015-04-24T23:59:59+00:00</lastmod>
		<image:image>
			<image:loc>https://mcalvany.com/wp-content/uploads/2022/09/MWM-15-4-24-Box-Scores-2.png</image:loc>
		</image:image>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/markets-in-retreat-after-weak-eurozone-china-pmi-data/</loc>
		<lastmod>2015-04-24T21:42:45+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/mwm/credit-bubble-bulletin/credit-bubble-weekly/my-weekly-commentary-horrible-risk-versus-reward/</loc>
		<lastmod>2015-04-18T01:41:00+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/mwm/credit-bubble-bulletin/credit-bubble-weekly/my-weekly-commentary-horrible-risk-versus-reward-2/</loc>
		<lastmod>2015-04-18T01:41:00+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/greece-finally-matters-april-17-2015/</loc>
		<lastmod>2015-04-18T00:25:46+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/mwm/credit-bubble-bulletin/credit-bubble-weekly/my-weekly-commentary-a-tale-of-two-entangled-super-bubbles/</loc>
		<lastmod>2015-04-11T02:06:00+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/stock-prices-reflect-no-room-for-error-as-earnings-season-approaches/</loc>
		<lastmod>2015-04-11T00:13:17+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/fed-dudley-rate-hike-may-be-delayed-market-is-key/</loc>
		<lastmod>2015-04-10T21:42:18+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/a-short-covering-rally-but-earnings-a-big-worry/</loc>
		<lastmod>2015-04-10T21:39:29+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/jobs-report-u-s-adds-just-126000-jobs-in-march-signs-of-slowing-growth/</loc>
		<lastmod>2015-04-06T15:55:56+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/quarter-end-performance-gaming-fizzles-april-2-2015/</loc>
		<lastmod>2015-04-02T22:14:11+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/mwm/credit-bubble-bulletin/credit-bubble-weekly/my-weekly-commentary-a-progressively-maladjusted-economic-sphere/</loc>
		<lastmod>2015-03-28T02:12:00+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/stocks-take-a-bow-despite-the-fed-march-27-2015/</loc>
		<lastmod>2015-03-27T23:15:38+00:00</lastmod>
		<image:image>
			<image:loc>https://mcalvany.com/wp-content/uploads/2022/09/MWM-15-3-27-Box-Scores-2.png</image:loc>
		</image:image>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/fed-lost-patience-yet-softer-outlook-suggests-rate-hike-unlikely-in-april-and-june/</loc>
		<lastmod>2015-03-26T20:52:28+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/mwm/credit-bubble-bulletin/credit-bubble-weekly/my-weekly-commentary-true-ultra-dovishness/</loc>
		<lastmod>2015-03-21T02:09:00+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/fed-slowly-catching-up-to-what-wall-street-already-knows-march-20-2015/</loc>
		<lastmod>2015-03-20T23:31:19+00:00</lastmod>
		<image:image>
			<image:loc>https://mcalvany.com/wp-content/uploads/2022/09/grr_07_18_18.jpg</image:loc>
		</image:image>
	</url>
	<url>
		<loc>https://mcalvany.com/mwm/credit-bubble-bulletin/credit-bubble-weekly/my-weekly-commentary-em-contagion-a-new-z-1/</loc>
		<lastmod>2015-03-14T02:35:00+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/u-s-retail-sales-collapse-its-time-to-buy-stocks-march-13-2015/</loc>
		<lastmod>2015-03-13T23:44:52+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/mwm/credit-bubble-bulletin/credit-bubble-weekly/my-weekly-commentary-king-dollar-tipping-point/</loc>
		<lastmod>2015-03-07T03:22:00+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/jobs-are-strong-you-can-sell-your-stocks-now-march-6-2015/</loc>
		<lastmod>2015-03-06T00:49:08+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/mwm/credit-bubble-bulletin/credit-bubble-weekly/my-weekly-commentary-periphery-fragility-list/</loc>
		<lastmod>2015-02-28T02:49:00+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/germany-thrives-again-on-the-imbalances-february-27-2015/</loc>
		<lastmod>2015-02-28T01:51:35+00:00</lastmod>
		<image:image>
			<image:loc>https://mcalvany.com/wp-content/uploads/2022/09/grr_05_24_18.jpg</image:loc>
		</image:image>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/banks-face-u-s-manipulation-probe-over-metals-pricing/</loc>
		<lastmod>2015-02-24T15:33:00+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/mwm/credit-bubble-bulletin/credit-bubble-weekly/my-weekly-commentary-the-curse-of-moneyness/</loc>
		<lastmod>2015-02-21T03:04:00+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/greece-third-times-a-charm-february-20-2015/</loc>
		<lastmod>2015-02-21T00:00:18+00:00</lastmod>
		<image:image>
			<image:loc>https://mcalvany.com/wp-content/uploads/2022/09/image-e1424476379787-2.jpg</image:loc>
		</image:image>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/greece-bailout-four-month-extension-in-eurozone-deal/</loc>
		<lastmod>2015-02-20T22:33:15+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/canadas-retail-sales-suffer-biggest-one-month-drop-in-almost-5-years/</loc>
		<lastmod>2015-02-20T22:26:45+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/housing-starts-fall-as-u-s-single-family-projects-decline/</loc>
		<lastmod>2015-02-20T22:19:59+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/mwm/credit-bubble-bulletin/credit-bubble-weekly/my-weekly-commentary-store-of-value/</loc>
		<lastmod>2015-02-14T02:28:00+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/nearer-a-break-out-february-13-2015/</loc>
		<lastmod>2015-02-14T02:05:15+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/mwm/credit-bubble-bulletin/credit-bubble-weekly/my-weekly-commentary-what-happened-to-deleveraging/</loc>
		<lastmod>2015-02-07T02:28:00+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/mwm/credit-bubble-bulletin/credit-bubble-weekly/my-weekly-commentary-what-happened-to-deleveraging-2/</loc>
		<lastmod>2015-02-07T02:28:00+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/jobs-say-no-qe-for-you-february-6-2015/</loc>
		<lastmod>2015-02-06T23:14:22+00:00</lastmod>
		<image:image>
			<image:loc>https://mcalvany.com/wp-content/uploads/2022/09/grr_01_25_18.jpg</image:loc>
		</image:image>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/a-world-overflowing-with-debt/</loc>
		<lastmod>2015-02-06T20:58:38+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/employers-added-257000-jobs-in-january/</loc>
		<lastmod>2015-02-06T20:55:29+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/singapore-joins-global-monetary-easing-spurs-currency-slide/</loc>
		<lastmod>2015-02-04T17:42:36+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/mwm/credit-bubble-bulletin/credit-bubble-weekly/my-weekly-commentary-dangerous-games-of-chicken/</loc>
		<lastmod>2015-01-31T03:19:00+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/the-race-to-debase-spreads-january-30-2015/</loc>
		<lastmod>2015-01-31T01:02:14+00:00</lastmod>
		<image:image>
			<image:loc>https://mcalvany.com/wp-content/uploads/2022/09/grr_11_30_17.jpg</image:loc>
		</image:image>
	</url>
	<url>
		<loc>https://mcalvany.com/mwm/credit-bubble-bulletin/credit-bubble-weekly/my-weekly-commentary-draghis-do-whatever-it-takes-beats-estimates/</loc>
		<lastmod>2015-01-24T02:34:00+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/draghi-delivers-january-23-2015/</loc>
		<lastmod>2015-01-23T23:47:04+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/ecb-launches-1-trillion-euro-rescue-plan-to-revive-euro-economy/</loc>
		<lastmod>2015-01-23T18:28:54+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/euro-takes-it-on-the-chin-again-january-17-2015/</loc>
		<lastmod>2015-01-17T00:29:56+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/u-s-retail-sales-down-sharply-likely-cuts-to-growth-forecasts-ahead/</loc>
		<lastmod>2015-01-16T22:31:21+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/swiss-central-bank-stuns-market-with-policy-u-turn/</loc>
		<lastmod>2015-01-16T22:28:18+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/holiday-season-u-s-store-sales-down-8-percent-in-2014/</loc>
		<lastmod>2015-01-12T19:36:25+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/greek-contagion-concerns-attract-bears-to-spain-italy/</loc>
		<lastmod>2015-01-12T19:32:06+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/india-not-planning-further-curbs-on-gold-imports-trade-secretary/</loc>
		<lastmod>2015-01-12T19:24:01+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/a-defensive-tone-to-start-2015-january-9-2015/</loc>
		<lastmod>2015-01-10T01:57:10+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/all-the-best-in-2015-january-2-2014/</loc>
		<lastmod>2015-01-03T01:47:13+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/no-patience-on-wall-street-december-19-2014/</loc>
		<lastmod>2014-12-20T00:51:01+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/u-s-stocks-take-a-bow-december-12-2014/</loc>
		<lastmod>2014-12-12T23:18:45+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/japans-recession-deepens-as-election-looms-for-abe-economy/</loc>
		<lastmod>2014-12-10T00:12:46+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/greek-stocks-plunge-after-call-for-new-presidential-elections/</loc>
		<lastmod>2014-12-10T00:09:49+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/chinas-stocks-sink-most-since-2009-as-turnover-jumps-to-record/</loc>
		<lastmod>2014-12-10T00:07:44+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/bis-quarterly-review-december-2014/</loc>
		<lastmod>2014-12-10T00:04:38+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/cheaper-gas-doesnt-always-equate-to-growth-december-5-2014/</loc>
		<lastmod>2014-12-05T23:36:08+00:00</lastmod>
		<image:image>
			<image:loc>https://mcalvany.com/wp-content/uploads/2022/09/MWM-14-12-5-Box-Scores-2.png</image:loc>
		</image:image>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/gold-rallies-despite-the-usual-setbacks-november-21-2014/</loc>
		<lastmod>2014-11-22T00:45:48+00:00</lastmod>
		<image:image>
			<image:loc>https://mcalvany.com/wp-content/uploads/2022/09/MWM-14-11-21-Box-Scores-2.png</image:loc>
		</image:image>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/japans-slip-into-surprise-recession-paves-way-for-tax-delay-snap-poll/</loc>
		<lastmod>2014-11-17T20:55:42+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/draghi-says-ecb-measures-may-entail-buying-government-bonds/</loc>
		<lastmod>2014-11-17T20:55:19+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/brazils-central-bank-steps-up-forex-intervention/</loc>
		<lastmod>2014-11-17T20:54:58+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/gold-traders-turn-bullish-nov-14-2014/</loc>
		<lastmod>2014-11-14T19:53:25+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/ecb-failure-to-launch-nov-7-2014/</loc>
		<lastmod>2014-11-07T19:52:10+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/qes-eventual-revival-and-its-effects-oct-31-2014/</loc>
		<lastmod>2014-10-31T19:50:52+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/bullard-says-fed-should-consider-delay-in-ending-qe/</loc>
		<lastmod>2014-10-28T20:08:19+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/yellen-greatly-concerned-by-widening-u-s-inequality/</loc>
		<lastmod>2014-10-28T20:04:40+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/ecb-says-1-7-billion-euros-of-covered-bonds-bought-last-week/</loc>
		<lastmod>2014-10-28T19:52:44+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/weidmann-says-ecb-balance-sheet-target-is-risky/</loc>
		<lastmod>2014-10-28T19:30:20+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/sp-500s-rise-at-five-times-gdp-growth-shows-recovery-is-priced-into-stocks/</loc>
		<lastmod>2014-10-28T19:19:59+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/the-scariest-number-revealed-today-1-114-trillion-in-eurozone-bad-debt/</loc>
		<lastmod>2014-10-28T19:02:56+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/bhp-billiton-eyes-sale-of-u-s-shale-gas-assets-in-profit-drive/</loc>
		<lastmod>2014-10-28T18:51:42+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/on-again-off-again-stocks-play-with-fed-resolve-oct-24-2014/</loc>
		<lastmod>2014-10-24T19:49:31+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/the-real-culprit-is-liquidity-or-the-lack-thereof-oct-17-2014/</loc>
		<lastmod>2014-10-17T19:42:43+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/fed-induced-stock-rally-short-lived-oct-10-2014/</loc>
		<lastmod>2014-10-10T19:29:24+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/who-needs-stimulus-when-weve-got-the-bls-oct-3-2014/</loc>
		<lastmod>2014-10-03T19:24:51+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/equities-stirred-but-not-shaken-sep-26-2014/</loc>
		<lastmod>2014-09-26T19:19:21+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/a-policy-inflection-point-sep-19-2014/</loc>
		<lastmod>2014-09-19T15:47:16+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/the-euro-weakens-and-the-dollar-sep-12-2014/</loc>
		<lastmod>2014-09-12T15:48:58+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/drillers-piling-up-more-debt-than-oil-hunting-fortunes-in-shale/</loc>
		<lastmod>2014-09-08T16:19:45+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/draghi-may-be-behind-the-curve-sep-5-2014/</loc>
		<lastmod>2014-09-05T15:51:58+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/a-slow-but-notable-week-aug-29-2014/</loc>
		<lastmod>2014-08-29T15:52:46+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/waiting-on-the-fed-but-will-more-qe-actually-help-aug-22-2014/</loc>
		<lastmod>2014-08-22T15:53:43+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/risks-continue-to-build-stimulus-bets-increase-aug-15-2014/</loc>
		<lastmod>2014-08-15T15:54:55+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/stocks-undergo-reality-check-aug-8-2014/</loc>
		<lastmod>2014-08-08T16:02:11+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/pressure-builds-at-the-fed-aug-1-2014/</loc>
		<lastmod>2014-08-01T16:04:56+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/markets-take-a-price-check-from-the-retail-sector-july-25-2014/</loc>
		<lastmod>2014-07-25T16:05:46+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/plenty-of-news-for-the-bulls-to-ignore-july-18-2014/</loc>
		<lastmod>2014-07-18T16:09:59+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/charts-federal-reserve-balance-sheet-new-home-sales/</loc>
		<lastmod>2014-07-14T20:12:07+00:00</lastmod>
		<image:image>
			<image:loc>https://mcalvany.com/wp-content/uploads/2022/09/creation-hj-1.jpg</image:loc>
		</image:image>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/systemic-risks-continue-to-build-july-11-2014/</loc>
		<lastmod>2014-07-11T16:11:18+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/its-up-to-regulators-to-stop-the-chaos-now-july-3-2014/</loc>
		<lastmod>2014-07-03T16:12:25+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/stocks-indifferent-to-lower-than-expected-gdp-july-27-2014/</loc>
		<lastmod>2014-06-27T16:15:32+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/falling-over-a-monetary-cliff-july-20-2014/</loc>
		<lastmod>2014-06-20T18:29:44+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/fed-not-likely-to-join-the-qe-party-just-yet-june-13-2014/</loc>
		<lastmod>2014-06-13T18:49:39+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/central-banks-going-for-broke-all-for-the-debtors-june-6-2014/</loc>
		<lastmod>2014-06-06T18:24:35+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/close-to-overdone-in-all-directions-may-30-2014/</loc>
		<lastmod>2014-05-30T18:12:43+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/fed-qe-rumors-trump-reality-again-may-23-2014/</loc>
		<lastmod>2014-05-23T20:42:19+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/stocks-hold-the-line-expecting-the-fed-not-to-do-the-same-may-16-2014/</loc>
		<lastmod>2014-05-16T20:06:24+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/believe-what-they-say-not-what-they-do-may-9-2014/</loc>
		<lastmod>2014-05-09T17:28:26+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/the-tapering-game-continues-may-2-2014/</loc>
		<lastmod>2014-05-02T18:46:42+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/a-yearning-for-real-earnings-april-25-2014/</loc>
		<lastmod>2014-04-25T13:03:17+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/a-suckers-rally-in-the-making-april-17-2014/</loc>
		<lastmod>2014-04-17T16:07:59+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/stock-bull-wake-up-call-april-11-2014/</loc>
		<lastmod>2014-04-11T19:01:39+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/too-big-to-keep-propped-up-april-4-2014/</loc>
		<lastmod>2014-04-04T19:36:32+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/cries-of-deflation-really-imply-more-qe-march-29-2014/</loc>
		<lastmod>2014-03-28T12:44:44+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/interest-rates-trumping-the-weather-march-21-2014/</loc>
		<lastmod>2014-03-21T18:40:42+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/shaky-overseas-markets-dampen-us-speculator-fun-march-14-2014/</loc>
		<lastmod>2014-03-14T19:26:33+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/a-warning-for-stock-bulls-leverage-works-both-ways-march-7-2014/</loc>
		<lastmod>2014-03-07T18:25:23+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/running-out-of-excuses-february-28-2014/</loc>
		<lastmod>2014-02-28T19:44:58+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/stocks-weather-the-battle-but-the-war-continues-february-21-2014/</loc>
		<lastmod>2014-02-21T20:49:38+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/markets-cheer-for-more-qe-what-ever-happened-to-self-sustaining-february-14-2014/</loc>
		<lastmod>2014-02-14T19:23:26+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/mr-market-didnt-get-the-memo-bad-news-may-not-be-so-good-anymore-february-7-2014/</loc>
		<lastmod>2014-02-07T20:31:53+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/a-brave-new-fed-we-have-our-doubts-january-31-2014/</loc>
		<lastmod>2014-01-31T20:01:11+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/the-week-in-brief-january-22-2014/</loc>
		<lastmod>2014-01-22T19:47:55+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/mr-market-buys-more-life-insurance-january-17-2014/</loc>
		<lastmod>2014-01-17T18:36:24+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/melt-up-or-melt-down-january-10-2014/</loc>
		<lastmod>2014-01-10T18:34:31+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/bernanke-leaving-just-in-time-january-3-2014/</loc>
		<lastmod>2014-01-03T19:00:41+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/december-27-2013/</loc>
		<lastmod>2013-12-27T19:55:13+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/see-we-tapered-let-the-speculation-continue-dec-20-2013/</loc>
		<lastmod>2013-12-20T18:37:34+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/looking-beyond-a-discounted-fed-meeting-dec-13-2013/</loc>
		<lastmod>2013-12-13T19:42:36+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/a-debt-driven-miracle-dec-6-2013/</loc>
		<lastmod>2013-12-06T20:40:37+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/gold-bears-trading-for-dimes-not-dollars-nov-22-2013/</loc>
		<lastmod>2013-11-22T20:56:29+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/yellen-puts-tapering-argument-to-rest-nov-15-2013/</loc>
		<lastmod>2013-11-15T21:17:24+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/dont-call-it-a-comeback-when-conditions-necessitate-cutting-rates-nov-8-2013/</loc>
		<lastmod>2013-11-08T23:34:13+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/to-taper-or-not-to-taper-nov-1-2013/</loc>
		<lastmod>2013-11-01T17:07:40+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/vulnerability-abounds-oct-25-2013/</loc>
		<lastmod>2013-10-25T20:39:38+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/trading-in-a-crisis-today-for-a-bigger-one-tomorrow-oct-18-2013/</loc>
		<lastmod>2013-10-18T18:32:03+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/stocks-hit-the-reset-button-oct-11-2013/</loc>
		<lastmod>2013-10-11T19:25:38+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/the-first-of-many-budget-battles-on-capitol-hill-oct-3-2013/</loc>
		<lastmod>2013-10-03T16:11:38+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/markets-await-deciding-news-sept-25-2013/</loc>
		<lastmod>2013-09-25T18:56:28+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/for-the-present-the-past-may-matter-most-to-the-greenback-sept-20-2013/</loc>
		<lastmod>2013-09-20T17:49:14+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/blowing-the-feds-decision-out-of-proportion-sept-13-2013/</loc>
		<lastmod>2013-09-13T18:23:43+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/tapering-the-taper-talk-sept-6-2013/</loc>
		<lastmod>2013-09-06T17:10:15+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/hinging-on-the-inevitable-aug-30-2013/</loc>
		<lastmod>2013-08-30T19:02:10+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/treasuries-post-help-wanted-ad-aug-23-2013/</loc>
		<lastmod>2013-08-23T18:28:39+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/chinks-appear-in-the-bullish-armor-aug-16-2013/</loc>
		<lastmod>2013-08-16T19:18:39+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/dollar-bucks-all-aug-9-2013/</loc>
		<lastmod>2013-08-09T19:24:05+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/central-bank-round-up-aug-2-2013/</loc>
		<lastmod>2013-08-02T18:58:36+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/dithering-on-the-road-to-utopia-july-26-2013/</loc>
		<lastmod>2013-07-26T19:02:57+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/effective-or-not-qe-stays-july-19-2013/</loc>
		<lastmod>2013-07-19T19:41:35+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/bernanke-veil-lifted-july-12-2013/</loc>
		<lastmod>2013-07-12T20:13:34+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/big-moves-in-thin-holiday-trade-july-5-2013/</loc>
		<lastmod>2013-07-05T17:35:50+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/tapering-or-discontinuing-qe-was-not-the-plan-june-21-2013/</loc>
		<lastmod>2013-06-21T20:00:28+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/stock-volatility-picks-up-dollar-weakens-and-gold-stabilizes-june-14-2013/</loc>
		<lastmod>2013-06-14T16:49:53+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/dollars-drop-is-first-step-to-changing-inflation-expectations-june-7-2013/</loc>
		<lastmod>2013-06-07T17:03:31+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/inflation-on-the-horizon-beginning-in-japan-may-31-2013/</loc>
		<lastmod>2013-05-31T18:48:47+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/question-for-the-boj-what-was-that-about-price-stability-may-24-2013/</loc>
		<lastmod>2013-05-24T15:54:09+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/fed-looks-to-exit-from-the-inferno-may-17-2013/</loc>
		<lastmod>2013-05-17T17:28:08+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/hype-triumphs-again-for-today-may-10-2013/</loc>
		<lastmod>2013-05-10T20:04:30+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/eyes-on-the-dollar-may-3-2013/</loc>
		<lastmod>2013-05-03T15:44:55+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/taking-cues-from-the-boj-april-26-2013/</loc>
		<lastmod>2013-04-26T18:28:44+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/it-was-the-best-of-times-it-was-the-worst-of-times-or-something-like-that-april-19-2013/</loc>
		<lastmod>2013-04-19T19:32:07+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/a-low-blow-april-12-2013/</loc>
		<lastmod>2013-04-12T19:30:39+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/doubling-down-on-qe-april-5-2013/</loc>
		<lastmod>2013-04-05T19:42:58+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/main-street-vs-wall-street-match-continues-march-28-2013/</loc>
		<lastmod>2013-03-28T19:16:02+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/just-keep-printing-and-hope-nothing-bad-happens-march-22-2013/</loc>
		<lastmod>2013-03-22T16:52:50+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/a-few-defectors-in-the-crowd-march-15-2013/</loc>
		<lastmod>2013-03-15T20:14:14+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/close-your-eyes-click-your-heels-and-repeat-no-place-like-stocks-march-8-2013/</loc>
		<lastmod>2013-03-08T21:28:09+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/the-last-item-to-cut-is-the-printer-march-1-2013/</loc>
		<lastmod>2013-03-01T22:39:07+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/sorry-ben-the-turning-back-point-was-1913-feb-22-2013/</loc>
		<lastmod>2013-02-22T18:56:20+00:00</lastmod>
	</url>
	<url>
		<loc>https://mcalvany.com/archives/do-as-the-central-banks-do-not-as-they-say-feb-15-2013/</loc>
		<lastmod>2013-02-15T19:21:40+00:00</lastmod>
	</url>
</urlset>
<!-- XML Sitemap generated by Rank Math SEO Plugin (c) Rank Math - rankmath.com -->