"Our Leaders Dilute Our Dollars To Pay For The Sins Of Everyone"; Plus The Daily Santelli-Liesman Beatdown
Two take homes from the attached clip:
1. It is somehow not totally shocking that Robert McTeer, former president of the Dallas Fed, has no idea what an asset bubble is and how everyone lining up to short the dollar is conducive to just that occurring, and subsequently exploding.
2. Santelli with the brilliant: "Our leaders dilute our dollars to pay for the sins of everyone." Simple, elegant... Then proceeds to eviscerate a clueless (as usual) Steve Liesman. One almost wonders if this is not staged in preparation for a payperview version of CNBC Premium - "The first in Octobox to Octagon transition, worldwide."