"We’re on the verge of a great, great depression. The [Federal Reserve] knows it.

[Timna]

Wall Street Baffled by Slowing Economy, Low Yields: Trader

Wall Street is having a hard time figuring out what to do now that the U.S. economy appears to be sputtering and yields are so low, Peter Yastrow, market strategist for Yastrow Origer, told CNBC.

"What we’ve got right now is almost near panic going on with money managers and people who are responsible for money," he said. "They can not find a yield and you just don’t want to be putting your money into commodities or things that are punts that might work out or they might not depending on what happens with the economy.

"We need to find real yield and real returns on these assets. You see bad data, you see Treasurys rally, you see all bonds and all fixed-income rally and then the people who are betting against the U.S. economy start getting bearish on stocks. That’s a huge mistake."

Stocks extended losses after the manufacturing fell below expectations in May and the private sector added only 38,000 jobs during the month.

"Interest rates are amazingly low and that, thanks to Ben Bernanke, is driving everything," Yastrow said. "We’re on the verge of a great, great depression. The [Federal Reserve] knows it.

News Headlines

[WKUHilltopper]

Yep...by design too. And what's the best way to get out of a depression? Let FDR show you the way.

[micah719]

Yep...by design too. And what's the best way to get out of a depression? Let FDR show you the way.

Please, sir, I want to get off the bus now.

[DanLW]

Is it just me, or does every subsequent presidential election have more and more hanging on the line? We need a businessman to lead us out of this mess, not a community organizer.

[JennaB]

Is it just me, or does every subsequent presidential election have more and more hanging on the line? We need a businessman to lead us out of this mess, not a community organizer.

Actually, may I submit the Biblical solution?

2 Chronicles 7:14
if My people who are called by My name will humble themselves, and pray and seek My face, and turn from their wicked ways, then I will hear from heaven, and will forgive their sin and heal their land.


We need a president who will be so bold as to call the nation to fast, pray and repent, yes, fully turn away from it's sins and seek God. Only then will we see the tide turn.

[readytogo]

Is it just me, or does every subsequent presidential election have more and more hanging on the line? We need a businessman to lead us out of this mess, not a community organizer.

Ironically, a friend of mine believes that this is what will happen to bring the Antichrist on the scene (on a world scale). People demanding a powerful business man with much experience in finance rather than a politician.

[dave-o]

First off, it's the bankers who really control the economy. No money exists until AFTER someone borrows it so the Fed, World bank and IMF really do control the economies of most of the world.

My wacko speculation is that the AC will be much more banker than politician. I thinks it's very possible he will "forgive" the uber-trillions of debt that has most nations in a choke hold. (It's impossible to repay anyway).

With money being the idol-of-choice these days most people would virtually worship such a leader and if he starts quoting the Bible (...forgive us our debts as we forgive those...) even some Christians might be fooled.

A few nations wouldn't be too happy if the AC did that, namely some of the Arabs and China, which also seems to fit prophecy.

We need a president who will be so bold as to call the nation to fast, pray and repent, yes, fully turn away from it's sins and seek God. Only then will we see the tide turn.

Good luck with that! Its waaaaay too politically incorrect.

[Caelestis]

[Quote]"We're on the verge of a great, great depression"[\Quote]

We're on the verge of nuclear war.

[brethorn56]

I pray we are on the verge of the Rapture……………

[Old Fashioned Baptist]

Actually, may I submit the Biblical solution?

2 Chronicles 7:14
if My people who are called by My name will humble themselves, and pray and seek My face, and turn from their wicked ways, then I will hear from heaven, and will forgive their sin and heal their land.


We need a president who will be so bold as to call the nation to fast, pray and repent, yes, fully turn away from it's sins and seek God. Only then will we see the tide turn.

We need a prsident that will stand with Israel and not throw Israel under the bus as th current president did. Historic flooding, killer tornadoes ripping through the South. 1.7 earthquake in Philadelphia, Pa.
the arab spring = Israel is being surrounded by its enemies

Man is being warned by God

[WKUHilltopper]

"Interest rates are amazingly low and that, thanks to Ben Bernanke, is driving everything," Yastrow said. "We’re on the verge of a great, great depression. The [Federal Reserve] knows it.

However, he said he wouldn’t sell stocks.

"Any bears out there better be careful because the dividend yields on these stocks look awesome relative to all the other investment vehicles out there," Yastrow said

Is this guy an absolute dingbat?? So let me get this straight. Stay bullish on stocks because the dividend yields are high enough to warrant the investment. Does this guy have any idea what happens to company profits and dividends in the middle of a "great, great depression"? Does he realize that dividends come from the earnings of a company and if there's no earnings, no dividends? What in the world are they teaching and doing in business school these days--watching cartoons??

We're headed for a depression. So buy stocks...right! That's the ticket--ticket to the insane asylum.

So either this guy is a true dimwit or he is intentionally wanting you (the individual investor) to tank and/or possibly even a plant to help scare the day lights out of you so you'll beg for QE3. I think all three ring true.

[Robert]

My advice: invest in cheeseburgers. PLENTY of them!!!

[soundingthealarm]

I pray we are on the verge of the Rapture……………

AMEN and AMEN

[Bobbi]

These wall street fellows are probably more worried that they will not be able to buy all the stuff they have been able to buy in the past. This really is a reason to panic. 1 Tim 6:10 For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows

[YeuEmMaiMai]

the upcoming depression will make the great depression look like child's play

[WazOz]

These Big Players enjoy causing mass panic, esp with the small investors, causing panic so everyone bails out, which lets the Big Boys then buy them back at next to nothing, they have done this before and until our Lord returns will continue to do so, they don't care One little bit about, integrity, honesty, it is all about "Money", these guys thrive on causing panic, it is what helps them make Billions.
If we don't panic they won't win, but alas they can afford to wait and even shortsell, if thats still legal.

[Suzanne]

I pray we are on the verge of the Rapture……………

Amen, brother!

[Suzanne]

Actually, may I submit the Biblical solution?

2 Chronicles 7:14
if My people who are called by My name will humble themselves, and pray and seek My face, and turn from their wicked ways, then I will hear from heaven, and will forgive their sin and heal their land.


We need a president who will be so bold as to call the nation to fast, pray and repent, yes, fully turn away from it's sins and seek God. Only then will we see the tide turn.

I agree!

[SonSeeker]

My advice: invest in cheeseburgers. PLENTY of them!!!

Robert for President!!!!