Monday, July 14, 2014

Bill McBride — CNBC's Liesman to Santelli: "It is impossible for you to have been more wrong"

The second half of this video is the best part. Liesman walks through a number of Santelli's predictions - all wrong.…
…Santelli is generally clueless about economics.
His model was correct though.

Calculated Risk

6 comments:

mike norman said...

Liesman finally puts this fucking clown in his place. And look at the other morons on the floor applauding Santelli's idiotic comments. Glad I'm no longer a floor trader. Shame on CNBC for still having Santelli on air.

Email addresses of CNBC contacts.

Steve Liesman: steve.liesman@nbcuni.com

Nick Dunn (CNBC Managing Editor) nick.dunn@nbcuni.com

Nik Deogun (Sr. VP, Editor in Chief)nik.deogun@nbcuni.com

Mark Hoffman (CNBC President)mark.hoffman@nbcuni.com

Matt Franko said...

Hey Mike is that Santelli backdrop not the floor where they trade the bond derivatives in Chicago?

So when you try to get it through Santelli's thick head here:

https://www.youtube.com/watch?v=e7DaCN123rQ

That the govt routinely issues and redeems $TRILLIONS of US bonds, the govt is thus creating the spot market that all those derivative traders MAKE THEIR LIVING OFF OF in the first place...

And then they are all applauding Santelli who wants to get the govt out of the whole thing or something?

Which would eliminate their own livelihoods?

How do those people's brains work?

As far as CNBC and YahooFinance it seems they are actually digging in and doubling down on stupid...

I havent checked the ratings lately but they have to be in the toilet...

I'm at the point where I think their business model has to actually fail in order for us to ever see some editorial changes there...

rsp,

The Just Gatekeeper said...

Thing is, without this raving lunatic to provide entertainment, CNBC's rating will probably tank even further. I know for me at least, Santelli's disembrained rants are half the reason I watch CNBC at all.

And he is the perfect caricature of the furious old white male, who cant stand the way the world is going and will never adjust. At some level he probably understands what is going on, but cant bring himself to ever admit it.

mike norman said...

Sadly, that's true, Justin.

mike norman said...

Matt, yes, those idiots are applauding. Like I said, I'm glad I'm no longer on the floor. Actually, there is no floor anymore, really.

Roger Erickson said...

Please say there's still a floor, Mike.

Otherwise, there's no limit to how low we can sink. :(