On 6/1/2011 11:03 AM, Gray Ghost wrote:
http://www.cnbc.com/id/43236764

Wall Street Baffled by Slowing Economy, Low Yields: Trader
Published: Wednesday, 1 Jun 2011 | 11:06 AM ET

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.

"We have many, many homeowners that are totally underwater here and cannot
get out from under. The technology frontier is limited right now. We
definitely have an innovation slowdown and the economy’s gonna suffer."

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. "So bears are going to have to find a new way to
express their discontent with the U.S. economy."


http://redwhitebluenews.com/?p=19920
Thanks Barack… Chief Economist: “We’re On the Verge of a Great, Great
Depression”

RWBN: Surprise!!!!! Keep listening to the talking points of the liberal
media sheep. ……..Everything is going fiiiiine!

(Gateway Pundit)Obama is the worst jobs president since the Great
Depression. More than 40 million Americans are now receiving food stamps, a
record.

Thanks to Obama’s failed economic policies only 38,000 private sector jobs
were created in May.

A chief economist today announced that we are on the verge of a Great,
Great Depression.
CNBC reported:

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 andthe 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.

The worst jobs president since the Great Depression is now overseeing the
worst housing downturn since the Great Depression.
The New York Times reported:

Housing prices fell in March to their lowest point since the downturn
began, erasing the last little bit of recovery from the depths plumbed two
years ago, according to data released Tuesday.

The Standard& Poor’s Case-Shiller Home Price Index for 20 large cities
fell 0.8 percent from February, the eighth drop in a row. Prices are now
down 33.1 percent from the July 2006 peak.

“Home prices continue on their downward spiral with no relief in
sight,” said David M. Blitzer, chairman of the S.& P. index committee.

Housing is in persistent trouble, industry analysts say, not only
because so many people are blocked from the market — being unemployed, in
foreclosure or trapped in homes that are worth less than the mortgage — but
because even those who are solvent are opting out.

The desire to own your own home, long a bedrock of the American Dream,
is fast becoming a casualty of the worst housing downturn since the Great
Depression.

That’s not all…
The New York Times added this on the grim economic news.

A month ago, when an initial gauge of first-quarter economic growth
came in surprisingly weak, many policy makers and economists expected the
bad news to prove fleeting. But when revised data were released last week,
the growth estimate remained stuck at an annual rate of 1.8 percent,
compared with 3.1 percent at the end of last year.

More troubling in the latest figures, consumer spending — the largest
component of the economy — was especially slow. Stagnant wages and higher
prices for gas and food are squeezing family budgets, while falling home
equity hurts consumer confidence. That suggests more bad news to come.

When consumers are constrained, so is hiring, because without
customers, employers are hard pressed to retain workers or make new hires.
A recent Labor Department report showed a greater-than-expected rise in the
number of people claiming jobless benefits even as private-sector economic
forecasts are being revised downward — both very bad omens for continued
job growth.



We have been in a depression, for some time now.

But, it will worsen ... ask the next guy you see, who is unemployed, and
been there for some time, if he/she thinks this is a depression.

Regards,
JS