yup, those with their hands out will be the first to go...
Posted on 06/01/2011 10:52:24 AM PDT by Hojczyk
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 ony 38,000 private sector jobs were created in May.
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 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.
yup, those with their hands out will be the first to go...
It seems to be the only way out of the entitlements.
gotta love it, bet these guys make it too...
click the link as i can’t get the picture to post
http://4.bp.blogspot.com/_-mMsIF2TTTc/Sj3okh06IAI/AAAAAAAABuQ/BHrfh0nJDJc/s1600-h/SEAL+TEAM+copy.jpg
Good point.
And who/what is Yastrow Origer? They have no website, and a google search only seems to provide a link to this Peter Yastrow’s personal blog.
That is nothing like what Keynes taught. Even as a caricature it is ludicrous. Read his most famous book, The General Theory...., if you don’t believe me.
Quite an improvement from the GI Joe of the yesteryear...
Regrettably, there are only two words “sustainable” and “unsustainable”, or two states of being .... reality and fantasy. What is chosen will be the key to the lock in the coming years, unless the choice has already been made and the unintended consequences have begun with no prayer of turning back. Donner Party?
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