Near "Panic"


So how’s that “hopeandchange” working for you?  The private sector job growth in May rose only 38,o0o, and the Dow Jones sank more than 200 points on Wednesday as investors and employers worry about this so-called “economic recovery”.
Peter Yastrow, market strategist for Yastrow Origer, told CNBC that “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.”
“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.”
“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 are facing a double-dip recession, falling home prices, the fact that the government will lose $14B on auto bailout funds, and a record $14.4T in in US national debt. Then I saw this bumpersticker on a car tonight:

No wonder we are in a panic!
DCG

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Zorro
Zorro
9 years ago

My response is inspired by a street sign seen on Moonbattery:
“If you voted for Obama in 2008 to prove you’re not a racist, you’d better vote for someone else in 2012 to prove you’re not an idiot.”

Anonymous
Anonymous
9 years ago

Masochism 2012 (or there’s voting Republican)

Anonymous
Anonymous
9 years ago
Reply to  Anonymous

Once again, to quote Nixon in ’68: “This time, vote like your whole world depended on it.”

Dr. Eowyn
Admin
Dr. Eowyn
9 years ago

You can’t fix stupid, or severe mental illness, or most likely explanation, a grave spiritual blindness.

igor
igor
9 years ago

to many people are dumber than a box of rocks. how else can you explain the crisis that is obama.

tina
9 years ago

igor-FRAUD.

igor
igor
9 years ago

fraud-pretender-usurper-empty suit-and hopefully one term president. one term and gone.