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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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From: Wade	9/15/2009 8:47:06 PM
	2 Recommendations of 48092

We shall put what Bernanke said on record: finance.yahoo.com Bernanke says recession 'very likely over,' but unemployment pain will linger By Jeannine Aversa, AP Economics Writer On Tuesday September 15, 2009, 4:52 pm EDT WASHINGTON (AP) -- Federal Reserve Chairman Ben Bernanke said Tuesday the worst recession since the 1930s is probably over, although he cautioned that pain -- especially for the nearly 15 million unemployed Americans -- will persist. Bernanke said the economy likely is growing now, but he warned that won't be sufficient to prevent the unemployment rate, now at a 26-year high of 9.7 percent, from rising. "From a technical perspective, the recession is very likely over at this point," Bernanke said in responding to questions at the Brookings Institution. "It's still going to feel like a very weak economy for some time because many people will still find that their job security and their employment status is not what they wish it was." The recession, which started in December 2007, has claimed a net total of 6.9 million jobs. ..more How could he know the recession is very likely over if he couldn't see this huge recession came toward us?

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