QUOTING World’s Largest Stock Trader: “We’re On The Verge Of A Great, Great Depression”

Posted on June 1, 2011 by

2




End the Fed, anything less is TREASON!

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

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. source : http://www.cnbc.com/id/43236764

Enhanced by Zemanta
Advertisements