With his mouth open like that he must be looking for Weiner. lol
<http://scottystarnes.wordpress.com/author/scottystarnes/> CNBC: "Were
on the Verge of a Great, Great Depression and The Federal Reserve
Knows
It"<http://scottystarnes.wordpress.com/2011/06/01/cnbc-were-on-the-verge-of-a-great-great-depression-and-the-federal-reserve-knows-it/>
*Scotty Starnes
<http://scottystarnes.wordpress.com/author/scottystarnes/>*| June 1,
2011 at 2:23 PM | Tags: Ben
Bernanke <http://scottystarnes.wordpress.com/?tag=ben-bernanke>,
economy<http://scottystarnes.wordpress.com/?tag=economy>,
Federal Reserve
<http://scottystarnes.wordpress.com/?tag=federal-reserve>, Great
Depression <http://scottystarnes.wordpress.com/?tag=great-depression>,
Obamanomics <http://scottystarnes.wordpress.com/?tag=obamanomics>, Peter
Yastrow <http://scottystarnes.wordpress.com/?tag=peter-yastrow>, President
Obama <http://scottystarnes.wordpress.com/?tag=president-obama>, US
economy<http://scottystarnes.wordpress.com/?tag=us-economy>|
Categories: Political
Issues <http://scottystarnes.wordpress.com/?cat=35145> | URL:
http://wp.me/pvnFC-5mZ
<http://scottystarnes.files.wordpress.com/2011/06/barack_obama_yelling.jpg>
We're on the right path America...trust me. A fundamental transformation is
coming!
What? How can this be? Obama was the great savior and his policies are so
awesome. Remember that "Summer of Recovery?" Umm, yeah, me either.
A Great, Great Depression brought to you on the shoulders of Hope and Change
through Obamanomics.
>From CNBC.com <http://www.cnbc.com/id/43236764>:
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* <http://www.cnbc.com/id/43236131/> after the
*manufacturing
fell below expectations <http://www.cnbc.com/id/43236208/>* in May and
the *private
sector added only 38,000 jobs <http://www.cnbc.com/id/43234521/>* 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*.
Continue reading>>> <http://www.cnbc.com/id/43236764>
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