Gold spikes on grinding economic halt, coming Fed QE3
June 1, 2011
By Steve Watson
A notable market strategist has told CNBC that the world is on the verge of the largest financial meltdown in history, warning that Wall Street is at a loss as to what to do regarding the ailing economy.
“Interest rates are amazingly low and that, thanks to Ben Bernanke, is driving everything,” said Peter Yastrow, of Yastrow Origer.
“We’re on the verge of a great, great depression. The [Federal Reserve] knows it.” the futures trader added. Read More
