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

Analog

Lifer
Jan 7, 2002
12,755
3
0
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://www.cnbc.com/id/43236764
 

Train

Lifer
Jun 22, 2000
13,584
81
91
www.bing.com
maybe the money manager profession needs to experience a bubble pop. Thin out the herd a bit.

We have more than enough people trying to invest. we need more people trying to produce. If the poorly performing money managers have to find a new line of work, and the remaining managers get to further spread overhead... the better off we all are.
 

edro

Lifer
Apr 5, 2002
24,326
68
91
Have you pulled all your retirement money from stocks yet?

doh, just now read what he said about dividends.
 

Macamus Prime

Diamond Member
Feb 24, 2011
3,108
0
0
Money Managers are not getting the results they want,... so, just ask the government to give them the difference!!!
 

evident

Lifer
Apr 5, 2005
12,128
748
126
seems like the crazies always start posting when there's a >200 drop on the stock market
 

caspur

Senior member
Dec 1, 2007
460
0
0
My grandfather clock hasn't worked in years, but still knows exactly when 6:05AM and 6:05PM is.

This is not correct. Time is not a static measurement. It seems that way because the units of time are not used in all cases. So 6:05AM of Jun 1, 2011 is not the same as 6:05AM of May 31. You simply say in conversation the time is 6:05, but leave out the full units of measurement.

The motion of an active clock moving forward, relative to time itself, gives definition to the units of time. Therefore a broken clock is never right, because is remains stuck at the time that it was broken. By expanding the units of measurement, we can say the clock displays 6:05AM on the day it was broken. This is not representative of every 6:05AM.
 

Texashiker

Lifer
Dec 18, 2010
18,811
198
106
Fail. Just like your $5/gallon gas prediction.

The oil execs were called to congress, so the price is going to go down. Look for prices to go back up as summer passes and people need heating oil for the winter time.

But yea, I can see $5 a gallon in the near future.

As for a depression, yea, I can see that too.

With our manufacturing jobs going over seas, its just a matter of time before we hit rock bottom.
 
Last edited:

PingSpike

Lifer
Feb 25, 2004
21,758
602
126
Relax. If the country goes into a real depression the government will just modify the way it collects its relevant economic statistics to show we're actually in a growth period with low inflation.
 

Krazy4Real

Lifer
Oct 3, 2003
12,221
55
91
This is not correct. Time is not a static measurement. It seems that way because the units of time are not used in all cases. So 6:05AM of Jun 1, 2011 is not the same as 6:05AM of May 31. You simply say in conversation the time is 6:05, but leave out the full units of measurement.

The motion of an active clock moving forward, relative to time itself, gives definition to the units of time. Therefore a broken clock is never right, because is remains stuck at the time that it was broken. By expanding the units of measurement, we can say the clock displays 6:05AM on the day it was broken. This is not representative of every 6:05AM.
fuuuuuuuuuuuuuuuuuuuuuu
 

Kirby

Lifer
Apr 10, 2006
12,028
2
0
This is not correct. Time is not a static measurement. It seems that way because the units of time are not used in all cases. So 6:05AM of Jun 1, 2011 is not the same as 6:05AM of May 31. You simply say in conversation the time is 6:05, but leave out the full units of measurement.

The motion of an active clock moving forward, relative to time itself, gives definition to the units of time. Therefore a broken clock is never right, because is remains stuck at the time that it was broken. By expanding the units of measurement, we can say the clock displays 6:05AM on the day it was broken. This is not representative of every 6:05AM.

It's just a figure of speech.
ProfessorFrink1.gif