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Started By
Message
CNBC Selling The Keynesian Agenda (Santelli Rebuts)
Posted on 7/15/14 at 1:32 am
Posted on 7/15/14 at 1:32 am
Long video (good intro to rant) LINK
Shorter rant clip LINK
I don't know how people can look at the Fed's actions over the past five years and claim it has helped the economy in terms of a real recovery. The talking heads at CNBC claim there's no inflation (laughable) and worry that tighter policy could hurt the market. Santelli is spot on with his "Where's the velocity" point. If fundamental economic indicators haven't truly improved, yet the market is up, where's all that easy money been going (velocity)?
It reminds me of when they were arguing (year or so ago) because Bernanke wanted credit for the market but not for the higher commodity prices.
Shorter rant clip LINK
I don't know how people can look at the Fed's actions over the past five years and claim it has helped the economy in terms of a real recovery. The talking heads at CNBC claim there's no inflation (laughable) and worry that tighter policy could hurt the market. Santelli is spot on with his "Where's the velocity" point. If fundamental economic indicators haven't truly improved, yet the market is up, where's all that easy money been going (velocity)?
It reminds me of when they were arguing (year or so ago) because Bernanke wanted credit for the market but not for the higher commodity prices.
3
Posted on 7/15/14 at 8:22 am to TerryDawg03
QE is little more than a bunch of rich people (the Fed) helping their rich buddies by propping up the market.
When you have little to no economic growth, 90+ million people out of work, stagnant wages and little to no hope of improvement even with years of this policy, then it's obvious that QE is NOT achieving its stated purpose.
When you have little to no economic growth, 90+ million people out of work, stagnant wages and little to no hope of improvement even with years of this policy, then it's obvious that QE is NOT achieving its stated purpose.
Posted on 7/15/14 at 8:27 am to mtntiger
Yeah it's amazing the stuff people get worked up about yet $85 billion a month in QE money for the last six years nobody seems to bat an eye at.
QE should be the biggest issue there is.
QE should be the biggest issue there is.
Posted on 7/15/14 at 9:21 am to constant cough
I have a big issue with it, and have for some time. While my retirement and college fund investments are doing great, it's difficult to get ahead in the present. What cash I have earns next to nothing in interest, and, being self-employed, every day is a challenge because every business is clinging to its cash waiting for positive economic news other than the market just set a new record.
Posted on 7/15/14 at 10:30 am to mtntiger
quote:
every day is a challenge because every business is clinging to its cash waiting for positive economic news other than the market just set a new record.
Working in traditional banking, I'm seeing this every day. Real growth just isn't happening on a large scale, and there are very few new deals coming through. The market's performance is almost irrelevant at this point, which Santelli tries to get across, but the panel doesn't want to hear it.
Posted on 7/15/14 at 10:44 am to TerryDawg03
All central banks are doing it. Japan says they will never stop. It's a huge economic bomb that will eventually go off and I'm having trouble trying not to believe that this is intentional.
Global catastrophe blamed on the evil rich people. Only communism can save us. You wait.
Global catastrophe blamed on the evil rich people. Only communism can save us. You wait.
Posted on 7/15/14 at 11:11 am to TerryDawg03
BUT BUT BUT you are looking at HEADLINE inflation.... if you look at CORE inflation, then inflation is not a problem.
Posted on 7/15/14 at 11:21 am to constant cough
quote:
yet $85 billion a month in QE money for the last six years nobody seems to bat an eye at.
You think crack addiction is bad? The DT's that will come from QE being cut off will be massive.
Posted on 7/15/14 at 11:30 am to Bard
Lets see....
Does.. "the emperor is naked(!!).." have any application here...
I think so!!
Does.. "the emperor is naked(!!).." have any application here...
I think so!!
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