Peter Yastrow, market strategist for Yastrow Origer:
"What we’ve got right now is almost near panic going on with money managers and people who are responsible for money,".....
We have many, many homeowners that are totally underwater here and cannot get out from under......
"We’re on the verge of a great, great depression. The [Federal Reserve] knows it.
UPDATE:
The last month has been a horror show for the U.S. economy, with economic data falling off a cliff, according to Mike Riddell, a fund manager at M&G Investments in London.
