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News Link • Economy - Economics USA

Wall Street pro: US on 'verge of great, great depression'

• Terrence Aym
Peter Yastrow, market strategist for Yastrow Origer has peered into the future. What the Wall Street guru sees ahead is little short of disaster. Recently, during a CNBC interview the market maven declared, "We’re on the verge of a great, great depression…the [Federal Reserve] knows it." Yastrow is far from alone. Many on Wall Street and brokerage houses across the nation are worried; some are outright scared.

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