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The Real Fiscal Cliff

It’s that time of year again — time to kick the can. No prizes for guessing what investors expect Congress to do: And 2013 seems likely to give way to can-kicking in 2014, and 2015 and 2016 and 2017...

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Propping Up The Gold Price?

Izabella Kaminska makes the point that central banks have turned net gold buyers: Kaminska seems to believe that gold’s price is not just central-bank supported, but its trajectory is downward: If not...

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