Peter Yastrow, market strategist for Yastrow Origer, told CNBC that "We’re on the verge of a great, great depression. The [Federal Reserve] knows it."

He says money managers are in a panic to find true yields for their investments and that there is no growth. The big money people are baffled.

http://www.cnbc.com/id/43236764

Robert Reich says there's no surge in hiring, wages are falling to levels, adjusted for inflation that are below the levels they were in the depths of the recession.

Meanwhile housing prices continue to fall, to where they are now 33% less than they were in 2006. That's a bigger drop than was recorded in the Great Depression.

He sites consumer lack of demand for many ills. Consumers who account for 70% of the economy will not, or can not buy enough to spur the economy to growth. People worry if they can pay their bills, and the banks with the same worry have tightened credit.

Our Democrat President occupies the White House and his appointees run the federal government and act like they're powerless to affect the economy.

Washington's paralysis is not good news for Obama's continued hopes to reside in his present residence.

http://www.ft.com/cms/s/0/aa81cf92-8...#axzz1O5XAJAYt