Rick Santelli [CNBC] spanked by his own colleagues for 5 years of bad advice
|July 21st, 2014, 11:54 PM||#11 (permalink)|
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I don't quite get that Santelli has been deserving of this level of derision. They only get his commentary like an entertaining break with his music intro, and never put him on "fast money" to make calls or such. He's the only one on CNBC who will tell figures straight and not always the best possible light, besides the other common guest (Dick "Shambou"?) who advises learning how to farm again. I enjoyed Kudlow's show at first, but then got tired of it as just got into the same blame Obama for half an hour like a GOP ad segment supplemented with occasional visits from Ann Coulter, and offering no counter solutions except lower the business taxes (only), and no auditing the fed etc. and other badly needed issues to address.
Inflation has been ongoing. Not yet at gas prices the level of the UK but still.. Heard it said somewhere, one could consider part of the hyperinflation protection/slowdown is also part of the cost of the faster increasing debt.
""Elevated prices at grocery stores and gas stations are probably souring Americans’ views of the economy. "
"As prices rise, inflation-adjusted earnings are taking a blow. Real hourly wages fell 0.3 percent in April from a month earlier and declined 0.1 percent from April 2013, the first year-over-year decrease since October 2012."
Last edited by Cloudy; July 22nd, 2014 at 12:23 AM.
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