Monday, July 14, 2014


Rick Santelli's famous rant helped start the Bagger Revolution so I was happy to learn that one of his colleagues at CNBC called him out for being a hack:
Steve Liesman vs. Rick Santelli on CNBC

CNBC senior economics reporter Steve Liesman told CNBC on-air editor Rick Santelli earlier today:
“Rick, it is impossible for you to have been more wrong. Your call for inflation, the destruction of the dollar, the failure of the US economy to rebound. Rick, it’s impossible for you to have been more wrong. Every single bit of advice you gave would have lost people money, Rick – lost people money, Rick. Every single piece of advice. There is no piece of advice you’ve given that’s worked. … The higher interest rates never came, the inability of the U.S. to sell bonds never happened, the dollar never crashed, Rick. There isn’t a single one that’s ever worked for you.”

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