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[Most Recent Quotes from www.kitco.com]

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Prieur’s readings (November 24, 2009)

Prieur du Plessis (November 24th, 2009) Writes:

This post provides links to a number of interesting articles I have read over the past few days that you may also enjoy.

• Gillian Tett (Financial Times): Could sovereign debt be the new subprime? November 22, 2009. I hope that the current calm in sovereign debt markets does not lull politicians into thinking that they can indefinitely avoid the need to take difficult fiscal choices. For if they do, those “safe” government bonds might start to look considerably less secure - not just to bankers, but to everybody.

• National Association for Business Economics: Recovery soon to lose “jobless” label, November 23, 2009. Reaffirming last month’s call that the Great Recession is over, NABE panelists have marked up their predictions for economic growth in 2010 and expect performance to exceed its long-term trend. “While the recovery has been jobless so far, that

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Is Your Real Estate Agent Knowledgeable?

Investment Education Staff (November 11th, 2009) Writes:

Having a good real estate agent can make sure that you are getting the most out of your real estate experience. Unfortunately, not all real estate agents out there have the qualifications that you may need or could be looking for. to find the best and right real estate agent which will suit your needs in the property market, you need to take a few factors into consideration before you choose a property that would represent you.

Before anything else, you should generally remember that a real estate agent is the same as a salesman in a way that he is making an attempt to sell someone a house. The agent may be working for either a buyer or a seller, dependent on what purpose she was hired for. Nonetheless, their main mission is still to sell. It is critical that you look for real estate agents that have the capability …

An Unsustainable Stimulus

Bill Bonner (August 14th, 2009) Writes:

How do you like this recovery? Pretty good, huh? Except for the jobs, of course. And except for the retail sales. And except for the foreclosures… and house prices. And incomes. And consumer prices. And business profits. It’s like a female impersonator… just like a real woman in every way, except for the essential ones.

At least stocks are doing well. The Dow rose another 36 points yesterday. In terms of time, it’s already beat the bounce of ’30… it’s in its 6 th month. In terms of stock prices, it’s still a laggard, however. US stocks are up about 45% from their low of 6,547 on the Dow. By that measure, the current reading of 9,398 falls a little short of the 50% increase registered 5 months after the ’29 low.

Yesterday’s news was a big disappointment for mainstream economists. It’s ‘back to the drawing board,’ says the Wall Street Journal.

The

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