Wall Street Executive: "[I am] worried about a recession, worst since 1930s

[metalman]

Wall Street Executive: "[I am] worried about a recession, not a normal one, but a very bad one, the worst since the 1930s"

New York Sun

'Wall Street Executive: "[I am] worried about a recession, not a normal one, but a very bad one, the worst since the 1930s"'; digg_bodytext = 'After what Los Angeles money manager Arnold Silver called "a brutal three days," the question is: What now for the market? A Wall Street superstar this year who runs Balestra Capital Partners, Jim Melcher, says he\'s "worried about a recession. Not a normal one, but a very bad one. The worst since the 1930s. I expect we'll see clear signs of it.

After what Los Angeles money manager Arnold Silver called "a brutal three days," the question is: What now for the market?

A Wall Street superstar this year who runs Balestra Capital Partners, Jim Melcher, says he's "worried about a recession. Not a normal one, but a very bad one. The worst since the 1930s. I expect we'll see clear signs of it in six months with a dramatic slowdown in the gross domestic product."

Balestra Capital, a $350 million New York hedge fund, was up 3% for the past three market sessions, when the Dow Jones Industrials, spearheaded by widespread declines in financial stocks and fears of more billion-dollar-plus asset write-downs, tumbled more than 677 points, or about 4.5%. The Nasdaq fared worse, skidding about 7%, triggered by across-the-board declines in those fast-stepping technology stocks.

[Andreuccio]

Re: Wall Street Executive: "[I am] worried about a recession, worst since 1930s

Wall Street Executive: "[I am] worried about a recession, not a normal one, but a very bad one, the worst since the 1930s"

New York Sun

'Wall Street Executive: "[I am] worried about a recession, not a normal one, but a very bad one, the worst since the 1930s"'; digg_bodytext = 'After what Los Angeles money manager Arnold Silver called "a brutal three days," the question is: What now for the market? A Wall Street superstar this year who runs Balestra Capital Partners, Jim Melcher, says he\'s "worried about a recession. Not a normal one, but a very bad one. The worst since the 1930s. I expect we'll see clear signs of it.

After what Los Angeles money manager Arnold Silver called "a brutal three days," the question is: What now for the market?

A Wall Street superstar this year who runs Balestra Capital Partners, Jim Melcher, says he's "worried about a recession. Not a normal one, but a very bad one. The worst since the 1930s. I expect we'll see clear signs of it in six months with a dramatic slowdown in the gross domestic product."

Balestra Capital, a $350 million New York hedge fund, was up 3% for the past three market sessions, when the Dow Jones Industrials, spearheaded by widespread declines in financial stocks and fears of more billion-dollar-plus asset write-downs, tumbled more than 677 points, or about 4.5%. The Nasdaq fared worse, skidding about 7%, triggered by across-the-board declines in those fast-stepping technology stocks.

I have said it thrice:
What i tell you three times is true.

- Lewis Carroll

[Ann]

Re: Wall Street Executive: "[I am] worried about a recession, worst since 1930s

I have said it thrice:
What i tell you three times is true.

- Lewis Carroll

You mean the dollar shall be the grin without the cat?

[Andreuccio]

Re: Wall Street Executive: "[I am] worried about a recession, worst since 1930s

You mean the dollar shall be the grin without the cat?

Good one. But no, what I meant was that the post said the same thing three times in a row for no apparent reason.

[metalman]

Re: Wall Street Executive: "[I am] worried about a recession, worst since 1930s

Good one. But no, what I meant was that the post said the same thing three times in a row for no apparent reason.

good line from ann. shitty post by yours truly.

[Sapiens]

Re: Wall Street Executive: "[I am] worried about a recession, worst since 1930s

You mean the dollar shall be the grin without the cat?

Oh how right you are!

[Ann]

Re: Wall Street Executive: "[I am] worried about a recession, worst since 1930s

Oh how right you are!

Credit where credit's due. I read that in one of Janszen's articles years ago. He talked about the dollar as the "Grin without the cat." Clever!

All these Wall Street executives coming out of the woodwork to tell us that we're in for a bad time. Does this mean we really are and they are racing to put an "I warned you!" on the record for the time when the torch and pitchfork team comes out? Or are they indirectly asking for a bailout? I can never tell.

[Sapiens]

Re: Wall Street Executive: "[I am] worried about a recession, worst since 1930s

All these Wall Street executives coming out of the woodwork to tell us that we're in for a bad time. Does this mean we really are and they are racing to put an "I warned you!" on the record for the time when the torch and pitchfork team comes out? Or are they indirectly asking for a bailout? I can never tell.

Some wise person wrote long ago: "Ye shall know them by their fruits"

or like my dear wife says: " I shall know your rhetoric once I compare your actions to your words."

[Finster]

Re: Wall Street Executive: "[I am] worried about a recession, worst since 1930s

Wall Street Executive: "[I am] worried about a recession, not a normal one, but a very bad one, the worst since the 1930s"

New York Sun

'Wall Street Executive: "[I am] worried about a recession, not a normal one, but a very bad one, the worst since the 1930s"'; digg_bodytext = 'After what Los Angeles money manager Arnold Silver called "a brutal three days," the question is: What now for the market? A Wall Street superstar this year who runs Balestra Capital Partners, Jim Melcher, says he\'s "worried about a recession. Not a normal one, but a very bad one. The worst since the 1930s. I expect we'll see clear signs of it.

After what Los Angeles money manager Arnold Silver called "a brutal three days," the question is: What now for the market?

A Wall Street superstar this year who runs Balestra Capital Partners, Jim Melcher, says he's "worried about a recession. Not a normal one, but a very bad one. The worst since the 1930s. I expect we'll see clear signs of it in six months with a dramatic slowdown in the gross domestic product."

Balestra Capital, a $350 million New York hedge fund, was up 3% for the past three market sessions, when the Dow Jones Industrials, spearheaded by widespread declines in financial stocks and fears of more billion-dollar-plus asset write-downs, tumbled more than 677 points, or about 4.5%. The Nasdaq fared worse, skidding about 7%, triggered by across-the-board declines in those fast-stepping technology stocks.

He's has some good company. Julian Robertson, hedge fund superstar, said recently he expects a "doozy of a recession":

http://www.cnbc.com/id/21382026/

Then today Bloomberg reports that Goldman Sachs is calling for the "slump in global credit markets ... to cut lending by $2 trillion and trigger a "substantial recession"".

http://www.bloomberg.com/apps/news?p...d=aXHulkIznCr0

Folks, this is not just some oddball coterie of contrarians here. The contrarians were just early. It's slowly dawning on the mainstream...