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	<title>Excelsia - Investment Advisors</title>
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		<title>The Week Ahead February 10, 2012</title>
		<description><![CDATA[Greek Salad or Sauerkraut? Download PDF Version If Greece wishes to remain in the euro, it seemingly will cost them their sovereignty. Germany is pushing for Greece to transfer national budgetary sovereignty in exchange for another lifeline of rescue funds. Greece is on a rather slippery slope. The country is already in recession and is [...]]]></description>
		<link>http://www.excelsia.com/2012/02/the-week-ahead-february-10-2012/</link>
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		<title>The Week Ahead January 27, 2012</title>
		<description><![CDATA[Author: Troy Gayle CFA, CAIA Chief Investment Officer Click here to download a pdf of this article. Deleveraging……No Pain, No Gain The level of debt accumulated by developed nations, both in the public and private sector, has raised the standard of living to a level that would have been unimaginable just a couple generations ago. In the [...]]]></description>
		<link>http://www.excelsia.com/2012/01/the-week-ahead-january-20-2012-2/</link>
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		<title>The Week Ahead January 20, 2012</title>
		<description><![CDATA[Author: Troy Gayle CFA, CAIA Chief Investment Officer Click here to download a pdf of this article. “Success is relative. It is what we can make of the mess we have made of things.” T.S. Eliot The Eurozone could certainly be referred to as a mess. This weekend, the Greeks and private investors are re-negotiating the 50% [...]]]></description>
		<link>http://www.excelsia.com/2012/01/the-week-ahead-january-20-2012/</link>
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		<title>Doing Nothing &#8211; Nothing Done</title>
		<description><![CDATA[“We have two classes of forecasters. Those who don’t know – and those who don’t know they don’t know.” &#8211; John Kenneth Galbraith I have remarked in prior first-quarter newsletters that, somehow, this is about the only time of year when most people reflect on the past, ponder the present, and plan/predict the future. The [...]]]></description>
		<link>http://www.excelsia.com/2012/01/doing-nothing-nothing-done/</link>
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		<title>The Week Ahead December 16, 2011</title>
		<description><![CDATA[Author: Troy Gayle, CFA, CAIA Click here to download a PDF of this article. It’s Groundhog Day, Again, and Again&#8230;. For those who remember the movie “Groundhog Day” starring Bill Murray the plot is when he wakes up every morning, it is Groundhog Day again and again. The world today bears a striking resemblance to [...]]]></description>
		<link>http://www.excelsia.com/2011/12/the-week-ahead-december-16-2011/</link>
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		<title>The Week Ahead December 9, 2011</title>
		<description><![CDATA[Author: Troy Gayle, CFA, CAIA Chief Investment Officer Click here to download a PDF of this article “I may be drunk, Miss, but in the morning I will be sober and you will still be ugly.” -Winston Churchill The European summit concluded in Brussels today. The outcome was better than many expected and the markets [...]]]></description>
		<link>http://www.excelsia.com/2011/12/the-week-ahead-december-9-2011/</link>
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		<title>The Week Ahead November 23, 2011</title>
		<description><![CDATA[Click here to download a PDF of this article Troy Gayle, CFA, CAIA Chief Investment Officer The Lesser of Two Evils? The United States and Europe continue to test the markets will by continuing to travel an already beaten down path of inaction. They share a parallel inability to offer a credible, long-term plan for [...]]]></description>
		<link>http://www.excelsia.com/2011/11/the-week-ahead-november-23-2011/</link>
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		<title>The Week Ahead November 18, 2011</title>
		<description><![CDATA[The crisis in Europe rages on as we continue to see plan after plan come and go. As the crisis broadens, it has now forced the ouster of Greek and Italian prime ministers. The market is very deliberate in exploiting cracks in the foundation of capital markets. The past several months have been consumed with Greece and despite a proposed bailout, she appears destined to default and to ultimately exit the euro. ]]></description>
		<link>http://www.excelsia.com/2011/11/the-week-ahead-november-18-2011/</link>
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		<title>The Week Ahead, November 11, 2011</title>
		<description><![CDATA[&#8220;It’s plain hokum. If you can’t convince ‘em, confuse ‘em. It’s an old political trick. But this time, it won’t work.&#8221; Harry S. Truman While this quote was in a different context when spoken in 1948, it rings the bell in 2011 with the confusion and unpredictability that continues to emerge from Greece. After securing [...]]]></description>
		<link>http://www.excelsia.com/2011/11/the-week-ahead-november-11-2011/</link>
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		<title>Seasick: Hangin on the Rail</title>
		<description><![CDATA[“At first you are so sick you are afraid you will die, and then you are so sick you are afraid you won’t die.” – Mark Twain “Oh God, please just get me off this boat and back to the dock. Please God, just get me back to land.” – Cliff Draughn There are certain [...]]]></description>
		<link>http://www.excelsia.com/2011/11/seasick-hangin-on-the-rail/</link>
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