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	<title>China Financial Markets &#187; Hot money</title>
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	<description>Michael Pettis&#039; finance blog...</description>
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		<title>Congratulations Mr. Obama, but its tough out there</title>
		<link>http://www.mpettis.com/2008/11/08/congratulations-mr-obama-but-its-tough-out-there/</link>
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		<pubDate>Sat, 08 Nov 2008 09:38:34 +0000</pubDate>
		<dc:creator>Michael</dc:creator>
				<category><![CDATA[Hot money]]></category>
		<category><![CDATA[Reserves]]></category>
		<category><![CDATA[IMF]]></category>

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		<description><![CDATA[I always seem to be traveling when exciting things are happening. I just got back this morning from four days in Paris, where I had to go for our annual Board of Directors meeting (and took the opportunity in addition to meet a number of investors and government officials), and so I was in a [...]]]></description>
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