Wednesday, June 1, 2011

Drudge Big Red Headline: 'WE ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION'

Quoting the following story:
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.

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What we’ve got right now is almost near panic going on with money managers

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

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It's been my non-professional observation for the last two years that something very odd is going on with regards to the disconnect between the stock market and the non-stop "surprising" economic results reportage. Everyone has a "market about to completely crash" feeling, and then it just keeps on going on. Some say it's the QE schemes, which is the 'not so secret hand' anymore.

Final note: Anything said or written on CNBC is by people with agendas. Manipulators whose only interest is their own portfolio doing their best to herd the public for their own profit. It's hard and imprudent to make financial decisions based on rumor spreading liars on that channel.

Cheers

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