Re: “We’re On the Verge of a Great, Great Depression”
John Smith
> 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
bpnjensen
>
> - Show quoted text -
This, I tend to agree with. A snowball has been set in motion down a
mountainside that will be very hard to stop.
John Smith
>> ...
>> 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- Hide quoted text -
>>
>> - Show quoted text -
>
> This, I tend to agree with. A snowball has been set in motion down a
> mountainside that will be very hard to stop.
Yep. Something you hate to see, wish wasn't happening, don't enjoy
watching, find you are even being hurt by it ... but can't seem to
convince enough to go together with you to halt it ... can even see the
ones causing it!
I know what you mean ...
Regards,
JS
pyotr filipivich
or about Wed, 01 Jun 2011 12:02:19 -0700 did write, type or otherwise
cause to appear in talk.politics.guns the following:
>
>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.
It has been officially a depression in my house since mid January
2011. That's when the job evaporated after a week, the week after my
unemployment benefits ran out, it went from bad to full blown panic.
Not yet a "burn the women and rape the crops" kind of panic, but
...
tschus
pyotr
--
pyotr filipivich
"Quemadmoeum gladuis neminem occidit, occidentis telum est. "
Lucius Annaeus Seneca, circa 45 AD
(A sword is never a killer, it is a tool in the killer's hands.)
RHF
Depressed-R-Us : The Great Obama Depression of 2010~2020
http://groups.google.com/group/rec.radio.shortwave/msg/279ac978f03133f7
.
Prez Obama Promises Americans a "New Normal"
a Growing Legion of 99-Weekers
{The Forever Unemployed}
http://groups.google.com/group/rec.radio.shortwave/msg/a522014c5f26b80e
.
No Jobs and High Unemployment ObamaNomics©
Plus Obama-Tax-Slavery©
http://groups.google.com/group/alt.politics.liberalism/msg/c0167411acc7b56b
.
Get Ready America - The Great Obama Depression 2009
~ 2016 and beyond...
http://groups.google.com/group/alt.politics.liberalism/msg/7ab4d19b5c461925
.
Get Ready America for the First Year of the
Great Age of Obama-Stagflation©
http://groups.google.com/group/alt.politics.liberalism/msg/db6e9e7196c4f7e5
.
Prez Obama is a Spend-it-all-ist ©
and Tax-it-all-ist © ~
-was- This Is No Accident, Comrades
http://groups.google.com/group/alt.politics.liberalism/msg/02b81e8eae6cabbc
.
Obama-U-Nism© There Is No Deception
http://groups.google.com/group/alt.politics.liberalism/msg/e39e54fe4774d794
.
The Great Never Ending "BO" {Obama} Depression
of 2010 to 2016 and beyond . . .
http://groups.google.com/group/rec.radio.shortwave/msg/b9a44f9262c7829b
.
The Pelsoi-Reid-Recession-of-2008 :
Has Now Become "The Great {Never-Ending}
Obama Depression" of 2010~2016...
http://groups.google.com/group/rec.radio.shortwave/msg/5f4254baf350e5b1
The Great "BO" {Obama} Depression Deepens
(Growth <3% isn't Growth)
http://groups.google.com/group/rec.radio.shortwave/msg/d2c092b2606b5798
NO JOB : It's Obama Fault = Blame Obama !
LOW PAYING JOB : It's Obama Fault = Blame Obama !
UNEMPLOYED : It's Obama Fault = Blame Obama !
PART-TIME JOB : It's Obama Fault = Blame Obama !
UNEMPLOYED RAN OUT It's Obama Fault = Blame Obama !
It's Obama Fault. It's Obama Fault. It's Obama Fault.
Blame Obama ! Blame Obama ! Blame Obama ! Blame Obama !
yeah ! ~ RHF
.
.
deepdudu
That's the Bush Depression you mean. This all started long before
Obama became President.
John Smith
>
> That's the Bush Depression you mean. This all started long before
> Obama became President.
obama has not repaired any damage done by bush. obama has been using
the same play book bush did ... different party, same chit.
If you liked bush, what is not to like about obama?
--
Regards,
JS
“The Constitution is not an instrument for the government to restrain
the people, it’s an instrument for the people to restrain the
government.” -- Patrick Henry
John Smith
>
> Obama became President.
True, clinton signing NAFTA gave it all a good kick off, george helped
it along, now obama carries the ball ...
Scout
"Deep Dudu" wrote in message
news:ialev6pb23djsaf3n...@4ax.com...
>
> That's the Bush Depression you mean. This all started long before
> Obama became President.
Sorry, but the Bush Depression is over, Obama is not in change and the
Depression occurring under his administration is his responsibility.
I know you don't like that since you prefer to blame everything on
Republicans, but that's the reality of being a leader.. you're responsible
because you're in charge.
Now if you would like to tell us that Obama isn't a leader......
deepdudu
you know what? Despite the pathetic running field of the right wing
for the election, I actually hope the Republicans manage to run
someone capable of beating Obama, and that they win. Then, when the
economy REALLY goes to shit, it will be fun seeing how you try to
claim it's not the President's fault. You, know, just like when Bush
was truly fucking everything up, it wasn't at all his fault.... but
now it's all Obama's ....
Scout
"Deep Dudu" wrote in message
news:1qsev617lm804q8ld...@4ax.com...
> On Tue, 14 Jun 2011 10:21:33 -0400, "Scout"
> <me4...@verizon.removeme.this2.nospam.net> wrote:
>
>>
>>
>>"Deep Dudu" wrote in message
>>news:ialev6pb23djsaf3n...@4ax.com...
>>>
>>> That's the Bush Depression you mean. This all started long before
>>> Obama became President.
>>
>>Sorry, but the Bush Depression is over, Obama is not in change and the
>>Depression occurring under his administration is his responsibility.
>>
>>I know you don't like that since you prefer to blame everything on
>>Republicans, but that's the reality of being a leader.. you're responsible
>>because you're in charge.
>>
>>Now if you would like to tell us that Obama isn't a leader......
>>
> you know what? Despite the pathetic running field of the right wing
> for the election, I actually hope the Republicans manage to run
> someone capable of beating Obama, and that they win. Then, when the
> economy REALLY goes to shit, it will be fun seeing how you try to
> claim it's not the President's fault.
So you admit you have a double standard?
> You, know, just like when Bush
> was truly fucking everything up, it wasn't at all his fault.... but
> now it's all Obama's ....
Actually it was his fault for those things he did, and his responsibility
for those things he didn't. Just like it now is for Obama.
Of course, I don't expect you to ever accept that for anything that isn't
good for Obama since you are incapable of holding a Democrat accountable but
instead try to blame someone else for it.
I've come to realize that you have only one view, Democrat, and by that view
NO Democrat can do wrong or at least without blaming someone else for it.
John Smith
> Since stimulus passed, 1.9 Million FEWER AMERICANS WORKING!
>
> Almost TWO MILLION.
> http://www.drudgereport.com
> http://www.dailyjobcuts.com
> cuhulin
>
It is not politically correct to notice that, nor the decline of the
American standard of living, nor the increased homeless, nor the
increased number on food stamps, nor the increased number without
sufficient medical, dental, drug care, nor the closing of state and
federal parks, nor the increased pot holes in your road, etc.
One more time and we are going to have to report you to homeland
security for you actions!
YOU HAVE BEEN WARNED!
RHF
- That's the Bush Depression you mean.
- This all started long before Obama became President.
Deep DuDu,
Keep promoting the Liberal Lie !
Shout-Out the Democrat Distortion of the Truth !
But Now -drum-roll-please-
We’re On the Verge of the Great Obama Depression !
http://groups.google.com/group/rec.radio.shortwave/msg/ce1facbc8f36c009
-if-it-was-the-beginnings-of-depression-in-2005~2008-
=Then=It=Was=The=Bush=Pelosi=Reid=Depression=
.
-read-
The Pelsoi-Reid-Recession-of-2008 :
Has Now Become "The Great {Never-Ending}
Obama Depression" of 2010~2016...
http://groups.google.com/group/rec.radio.shortwave/msg/5f4254baf350e5b1
.
.
RHF
NAH ! --- After 2012 It Will Still Be
-drum-roll-please-
The Great Obama Depression !
.
We’re On the Verge of the Great Obama Depression !
http://groups.google.com/group/rec.radio.shortwave/msg/ce1facbc8f36c009
-if-it-was-the-beginnings-of-depression-in-2005~2008-
=Then=It=Was=The=Bush=Pelosi=Reid=Depression=
.
-read-
The Pelsoi-Reid-Recession-of-2008 :
Has Now Become "The Great {Never-Ending}
Obama Depression" of 2010~2016...
http://groups.google.com/group/rec.radio.shortwave/msg/5f4254baf350e5b1
.
.
Beam Me Up Scotty
> On 6/14/2011 5:35 AM, Deep Dudu wrote:
>>
>> That's the Bush Depression you mean. This all started long before
>> Obama became President.
>
> obama has not repaired any damage done by bush. obama has been using
> the same play book bush did ... different party, same chit.
>
> If you liked bush, what is not to like about obama?
>
That would explain why I hate Obama more than Bush.
Gray Ghost
So, you are hoping that economy gets worse, people are hurt, families are
destroyed ... just to make a political point?
Wow.
--
Herman Cain for President! http://hermancain.com/
If you don't support him you are a Racist!!
He beat Cancer. He'll beat Obama (who is just like cancer)
Remember Desert One, Carter 0? Ain't it sad to wish that Obama had as much
ambition but being glad he doesn't knowing he doesn't have THAT much
competence?
John Smith
> ...
> So, you are hoping that economy gets worse, people are hurt, families are
> destroyed ... just to make a political point?
>
> Wow.
>
I hope it damn well hits bottom soon, all I want to see now is the path
leading away from all this damn BS which must lie on the other side of
the pit these arses have drug us into ... this is already past the worst
I would want to ever see.
How much worse does it have to get?
John Smith
> Fake Gold Bars in Fort Knox?
>
> Ron Paul wants to know if the Gold in Fort Knox is Real.
> http://www.standeyo.com
>
> I would like to know too.
> cuhulin
>
http://beforeitsnews.com/story/0/499/Tungsten_Filled_Gold_Bars_-_GLD_ETF_WARNING.html
http://www.marketoracle.co.uk/Article14996.html
http://gold-quote.net/en/articles/fake-tungsten-gold-bars.php
http://www.youtube.com/watch?v=M0-hGHJSgNA
It has been around 40-50 years since the gold in Ft. Knox has been
assayed and determined to be all gold, it is about time to do so, again.
That amount of money, laying around for that amount of time, attracts
crooks.
Just common sense which Ron Paul is pointing out ... RON PAUL IN 2012!
--
Regards,
JS
�The Constitution is not an instrument for the government to restrain
the people, it�s an instrument for the people to restrain the
government.� -- Patrick Henry
Scout
"Gray Ghost" <grey_ghost47...@yahoo.com> wrote in message
news:Xns9F04D46864CB2We...@216.196.97.142...
> Deep Dudu wrote in news:1qsev617lm804q8ld...@4ax.com:
>
>> On Tue, 14 Jun 2011 10:21:33 -0400, "Scout"
>><me4...@verizon.removeme.this2.nospam.net> wrote:
>>
>>>
>>>
>>>"Deep Dudu" wrote in message
>>>news:ialev6pb23djsaf3n...@4ax.com...
>>>>
>>>> That's the Bush Depression you mean. This all started long before
>>>> Obama became President.
>>>
>>>Sorry, but the Bush Depression is over, Obama is not in change and the
>>>Depression occurring under his administration is his responsibility.
>>>
>>>I know you don't like that since you prefer to blame everything on
>>>Republicans, but that's the reality of being a leader.. you're
> responsible
>>>because you're in charge.
>>>
>>>Now if you would like to tell us that Obama isn't a leader......
>>>
>> you know what? Despite the pathetic running field of the right wing
>> for the election, I actually hope the Republicans manage to run
>> someone capable of beating Obama, and that they win. Then, when the
>> economy REALLY goes to shit, it will be fun seeing how you try to
>> claim it's not the President's fault. You, know, just like when Bush
>> was truly fucking everything up, it wasn't at all his fault.... but
>> now it's all Obama's ....
>>
>
> So, you are hoping that economy gets worse, people are hurt, families are
> destroyed ... just to make a political point?
Well, explains his overwhelming support for Obama and what he's doing......
> Wow.
Hey, he's got to use those MREs before they expire.
deepdudu
<me4...@verizon.removeme.this2.nospam.net> wrote:
>
>
>"Deep Dudu" wrote in message
>news:1qsev617lm804q8ld...@4ax.com...
>> On Tue, 14 Jun 2011 10:21:33 -0400, "Scout"
>> <me4...@verizon.removeme.this2.nospam.net> wrote:
>>
>>>
>>>
>>>"Deep Dudu" wrote in message
>>>news:ialev6pb23djsaf3n...@4ax.com...
>>>>
>>>> That's the Bush Depression you mean. This all started long before
>>>> Obama became President.
>>>
>>>Sorry, but the Bush Depression is over, Obama is not in change and the
>>>Depression occurring under his administration is his responsibility.
>>>
>>>I know you don't like that since you prefer to blame everything on
>>>Republicans, but that's the reality of being a leader.. you're responsible
>>>because you're in charge.
>>>
>>>Now if you would like to tell us that Obama isn't a leader......
>>>
>> you know what? Despite the pathetic running field of the right wing
>> for the election, I actually hope the Republicans manage to run
>> someone capable of beating Obama, and that they win. Then, when the
>> economy REALLY goes to shit, it will be fun seeing how you try to
>> claim it's not the President's fault.
>
>So you admit you have a double standard?
>
No, you do. It's not a double standard to point out all these
problems started before Obama so are not attributable to him
>> You, know, just like when Bush
>> was truly fucking everything up, it wasn't at all his fault.... but
>> now it's all Obama's ....
>
>Actually it was his fault for those things he did, and his responsibility
>for those things he didn't. Just like it now is for Obama.
>
>Of course, I don't expect you to ever accept that for anything that isn't
>dgood for Obama since you are incapable of holding a Democrat accountable but
>instead try to blame someone else for it.
>
You can't blame a Democrat for something that happened before he was
even in office.
>I've come to realize that you have only one view, Democrat, and by that view
>NO Democrat can do wrong or at least without blaming someone else for it.
>
I never said that. That's your straw man. I'm just saying you can't
blame the present economic problems on Democrats.
John Smith
>> ...
> I never said that. That's your straw man. I'm just saying you can't
> blame the present economic problems on Democrats.
Why would anyone sane blame them anymore than the republicans?
They both serve the same puppet masters, both use the same game plan
book and both are equally criminals ...
Republicrat or democan, they pot are served from the same pot though
ballot manipulations using money ... it is like, DUH!
John Smith
>> ...
> I never said that. That's your straw man. I'm just saying you can't
> blame the present economic problems on Democrats.
Why would anyone sane blame them anymore than the republicans?
They both serve the same puppet masters, both use the same game plan
book and both are equally criminals ...
Republicrat or democan, they are served from the same pot, though ballot
manipulations using money as the tool -- takes boocoo bucks to get on a
ballot, even more to successfully win ... it is like, DUH!
We have a government which has solely become one financed by
rich-criminal-elite -- until this is fixed, we have criminals attempting
to rule us, opposite of what honest government is ...
Scout
"Deep Dudu" wrote in message
news:0tihv6p85se3b542o...@4ax.com...
So as long as any problem existed before he was in office, then he has
absolutely NO responsibility for doing nothing about the problem, reducing
the problem, or making the problem worse?
Interesting.
So tell me, what exactly is Obama responsible for?
Seems to me all you wish to do is blame everything on Bush and utterly
ignore Obama's fuck-ups. I suppose as long as you have a scapegoat then it
doesn't matter how much Obama screws up, ignores existing problems, makes
existing problems better or worse, it's all because of Bush. Of course, by
that logic we can blame everything that happened under Bush on Clinton since
the problems of Bush can be traced back to the Clinton administration, and
so on and so on and so on.
So, let's just accept you have a double standard in that you won't blame
Obama for anything including what he's doing, because according to you it's
always someone else's fault.
Oh, and I will also accept that as an admission that you don't consider
Obama to be a leader.
>>> You, know, just like when Bush
>>> was truly fucking everything up, it wasn't at all his fault.... but
>>> now it's all Obama's ....
>>
>>Actually it was his fault for those things he did, and his responsibility
>>for those things he didn't. Just like it now is for Obama.
>>
>>Of course, I don't expect you to ever accept that for anything that isn't
>>dgood for Obama since you are incapable of holding a Democrat accountable
>>but
>>instead try to blame someone else for it.
>>
> You can't blame a Democrat for something that happened before he was
> even in office.
I'm not, only blaming him for what happened while he was in office. Which
BTW can include solving existing problems, ignoring existing problems, or
even making existing problems worse. You on the other hand simply blame
everything on Bush because for you Obama isn't a leader, just a stuffed
shirt sitting in an office.
>>I've come to realize that you have only one view, Democrat, and by that
>>view
>>NO Democrat can do wrong or at least without blaming someone else for it.
>>
> I never said that.
You don't need to. You've made it quite plain over time that you will NEVER
state a Democrat screwed up and it was his fault alone. Nope, either they
don't fuck up, or they only did so because of someone else, usually
Republicans.
> That's your straw man.
Nope, just an observation many have made about your partisanship.
> I'm just saying you can't
> blame the present economic problems on Democrats.
Sure I can since they were involved in causing the present economic
problems.
You wish to deny this because of what you claim is my "strawman", and
instead blame absolutely everything on Republicans.
Scout
"John Smith" <bit_b...@gmx.com> wrote in message
news:italhe$7d9$9...@dont-email.me...
> On 6/15/2011 8:14 AM, Deep Dudu wrote:
>
>>> ...
>> I never said that. That's your straw man. I'm just saying you can't
>> blame the present economic problems on Democrats.
>
> Why would anyone sane blame them anymore than the republicans?
Heck, what is interesting is that DuDu can't blame them at all, at least not
without then throwing all the blame on the Republicans in the same sentence.