The Santelli-Liesman Pay-Per-View Preview Redux

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Mon, 03/15/2010 - 10:33 | 265767 Fish Gone Bad
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Intelligence has its limits. Stupidity is boundless.

Mon, 03/15/2010 - 10:56 | 265769 Fish Gone Bad
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Mon, 03/15/2010 - 10:39 | 265770 Anonymous
Anonymous's picture

Hahhah, pissing contest by two fairly frustrated people.

Good fun.

Mon, 03/15/2010 - 10:59 | 265777 monmick
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Laughter is a very powerful tool. Santelli just proved that this morning.

Chinese university students did so about one year ago...

Mon, 03/15/2010 - 14:37 | 266052 carbonmutant
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Mon, 03/15/2010 - 10:57 | 265779 Ivanovich
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Santelli is awesome.

Tue, 03/16/2010 - 17:55 | 267794 berlinjames02
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Who's has the better track record? Who cares? I wouldn't listen to either of those guys for advice! For better or worse... DYODDoo.

Regardless, Santelli hits the nail on the head about government debt and the backward looking bias of the Fed, analysts, economists, etc. As the Oppenheimer guy says, "[The market] is not accurate day by day... What's accurate is what we can look back on 10 years from now. There can be technical imbalances but it's the single best but imperfect..."

And there you have it. This is why I believe we will have INFLATION rather than deflation. With the Fed/Treasury driving the car looking out the back window, we're doomed. Fortunately the bias is only in one direction.

Mon, 03/15/2010 - 10:58 | 265780 Jesse
Jesse's picture


CNBC is only concerned about three issues: Ratings, Ratings, Ratings.

Jerry. Jerry. Jerry. Jerry.


Mon, 03/15/2010 - 10:59 | 265784 monmick
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Who is Jerry?


Mon, 03/15/2010 - 17:42 | 266325 xenophobe51
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Jerry Springer.

Mon, 03/15/2010 - 10:58 | 265782 Dehrow
Dehrow's picture

Liesman gets pwned.

Mon, 03/15/2010 - 10:59 | 265785 Jean Valjean
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Liesman didn't like being laughed at did he.  Kinda reminds me of Geithner in China.

Mon, 03/15/2010 - 11:00 | 265788 assumptionblindness
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The look on Becky's face was PRICELESS!

Mon, 03/15/2010 - 11:02 | 265789 assumptionblindness
assumptionblindness's picture

Who wants to bet that we will probably see Santelli over at FOX soon?

Mon, 03/15/2010 - 11:05 | 265795 Cursive
Cursive's picture

Anything to drop CNBS ratings even more.  I haven't watched CNBC since Fall 2008.  I think some people only watch for Santelli and maybe Art Cashin.

Mon, 03/15/2010 - 16:36 | 266239 Pladizow
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Where's Gasparino?

Perhaps ironing out a Fox Contract before the release of his second Book?

Mon, 03/15/2010 - 20:01 | 266536 FEDbuster
FEDbuster's picture

He is already at FOX Business Channel.  I think Santelli should join him.

Mon, 03/15/2010 - 11:02 | 265790 Double down
Double down's picture

There are certain mistakes only intelligent people can make.  Grit sometimes seems wise. 

Trust the trader 

Go Rick!!! 


Mon, 03/15/2010 - 13:12 | 265791 doggis
doggis's picture

liesman has been a mouthpiece for the federal reserve and the treasury for too long. liesman greatly lacks something rick santelli has in abundance - integrity. liesman, you are a sorry excuse for an academic and journalist.

i trust rick santelli.

Mon, 03/15/2010 - 11:05 | 265796 Miles Kendig
Miles Kendig's picture

Oh, the drama!

Mon, 03/15/2010 - 12:30 | 265882 Howard_Beale
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Great Monday morning fodder. Must be time to use DH's new word. Liesman is a phuck-nut.

Mon, 03/15/2010 - 11:08 | 265798 Cursive
Cursive's picture

You don't even need an anagram generator to see lies-man for what he is


P.S. Steve, we know you constantly lurk here.  Good luck finding that think tank job once Comcast decides to pull the plug on CNBS.

Mon, 03/15/2010 - 11:08 | 265799 Leo Kolivakis
Leo Kolivakis's picture

Santelli needs to see my fathe rand brother (both psychiatrists) so he can adjust his meds. He is delusional. Didn't Jon Stewart ruin an shred of credibitlity he had left several months ago?

Mon, 03/15/2010 - 16:38 | 265819 frank
frank's picture

jon stewart doesn't have any credibility, as he is a comedian, and a failed one at that.

Mon, 03/15/2010 - 18:56 | 266453 Howard_Beale
Howard_Beale's picture


Mon, 03/15/2010 - 20:16 | 266557 frank
frank's picture

actually, i take it back. stewart does serve a purpose.

too bad he stole his entire attack on cnbc and cramer from don harrold.


Mon, 03/15/2010 - 11:27 | 265820 Lionhead
Lionhead's picture

Careful Leo, let he who is without sin cast the first stone. Your articles lately are beginning to show signs of manic-depressive behaviour. Maybe you might seek some professional help yourself. You are a case study of herd behaviour fear/greed.

Mon, 03/15/2010 - 11:27 | 265821 Jeff Lebowski
Jeff Lebowski's picture

Delusional.  Solar Power.

Perhaps you might want to sneak into the ol' medicine cabinet yourself.

Mon, 03/15/2010 - 11:44 | 265845 Lionhead
Lionhead's picture

It looks like Leo deleted his comment & this thread was shuttled under a different comment, Cursive's.  OK Leo, your game is up sir; now you are the one with no credibility or conviction. Your true colors are revealed. Thank you.

Mon, 03/15/2010 - 16:16 | 266194 Cognitive Dissonance
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Your comment DID disappear there for awhile. I've noticed when ZH severs are backed up a bit, the comment section suffers and things become reordered or even lost for awhile. I suppose this is why they closed comments to anons.

Mon, 03/15/2010 - 11:13 | 265800 Cognitive Dissonance
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Santelli says,

"I think that's terrific news. If you don't acknowledge you have a problem, you can't take the 12 financial steps to correct it..."

Liesman points out,

"there is a point in time when ignorance goes from being amusing to being dangerous, and I think Rick's crossed that point long ago."

If ever there were a time when both people might be right, this is it. From their own point of view, they are speaking truth.

Living-and-breathing-in-the-reality-of-the-trading-pits Santelli says that if the USA/World doesn't face reality soon, it will wake up in the gutter on the wrong side of town bleeding from various orifices and no knowledge or understanding how it got there or what to do next. You can only hold off the Devil for so long.

Perception-is-reality Ponzi Liesman says that since the dollar and all other world currencies were cut loose from any semblance of reality or control when Nixon and company abandoned sanity in 1971, the only thing keeping the world from waking in the gutter is perpetuating the mass illusion that the greenback you have in your wallet really does have value and is the best place to store your excess units of labor for your future retirement. To think otherwise is to be ignorant of this eventuality.

Since neither will get their wish, the only certain outcome is the gutter thingy.

Mon, 03/15/2010 - 11:10 | 265801 Gimp
Gimp's picture

At least Santelli tries to get reality out to the public. is just a "bag boy for the big boys downtown". Another clueless economist throwing darts at a board.

Oppenheimer fund manager ain't going to say anything to spook his customers, another ponzi scheme salesman.


Mon, 03/15/2010 - 12:30 | 265886 Howard_Beale
Howard_Beale's picture

Liesman is not an economist. He is an economics reporter. He has stated that many times.

Mon, 03/15/2010 - 11:23 | 265814 frank
frank's picture

i am shocked and amazed every time i hear liesman, and that they allow someone so incredbilty unaware to speak on cnbc so often.  doesn't say much for cnbc, does it...

Mon, 03/15/2010 - 15:09 | 266086 tenaciousj
tenaciousj's picture

Honestly, I just have to turn the channel whenever he starts running his mouth. 

Mon, 03/15/2010 - 11:25 | 265816 Gimp
Gimp's picture

Sums up CNBC nicely "incredible unaware".

Mon, 03/15/2010 - 11:25 | 265817 Gimp
Gimp's picture

Sorry, I meant "incredibly"

Mon, 03/15/2010 - 11:30 | 265825 Cognitive Dissonance
Cognitive Dissonance's picture


Do you realize that for "registered" ZH readers who leave comments, until someone replies to your comment, you can edit your own comment? That's why there is the "edit" button below your comment, which remains there until someone replies.

Mon, 03/15/2010 - 18:59 | 266458 Howard_Beale
Howard_Beale's picture

Who the phuck junked you? What is going on here!

Mon, 03/15/2010 - 21:31 | 266643 Miles Kendig
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You've missed all of this fun with one or more folks junking CD and some others, including me regardless of the comment... phucknuts love dear associate. 

Mon, 03/15/2010 - 11:28 | 265822 overmedicatedun...
overmedicatedundersexed's picture

Santelli knows the game at CNBC is close to an end..

Mon, 03/15/2010 - 11:38 | 265836 Grandpa Bear Hug
Grandpa Bear Hug's picture

Rick Santelli will likely be hauled in to the CNBC backroom for a cooling off period. As usual, he is not playing well with the cheerleaders and especially Steve "the Federal Reserve mouthpiece" Liesman.

Rick will be grounded or sent to his room for breaking the CNBC cardinal rule; "never disagree with a bullish equity fund snake oil salesperson" especially if Oppenheimer is the name.

Mon, 03/15/2010 - 11:40 | 265840 BS Inc.
BS Inc.'s picture

When we do our final tally of "who lost whom more money", do we get to include the inevitable tax increases the policies Liesman's been supporting in those losses? Cuz I know for damn sure that my taxes are going to go up more than they would have if we'd followed Santelli's ideas of letting the market decide who should get saved and who should fail.

So, on a "snapshot" view, Liesman might be ahead, but in the long-haul, my money's on Santelli.

Mon, 03/15/2010 - 11:52 | 265853 jesusonline
jesusonline's picture

Liesman has been kissing up to Bernanke long before the former was born. It's too funny now to watch him blow "Ha! you called credit crisis? you said credit crisis was nothing!" trumpet so that he goes red in the face. His idol Ben blew it, and we remember "subprime is contained" mantra all too well.

In that sense his "there is a point in time when ignorance goes from being amusing to being dangerous" is a desperate culpa-mea, an urgent need to self-flagellate. It's really him who long gone from simply amusing to becoming a first-rate peddler of 1984 kind of goods. "debt is new wealth, all hail Fed" like we don't hear that from CNBC daily.

His real name is Yuri by the way. So you go Yuri, kiss some more Federal Reserve A$$.

Mon, 03/15/2010 - 12:04 | 265857 glenlloyd
glenlloyd's picture

It always seems like Santelli's up against people who continue to pretend that nothing happened in '08, that our govt finances are not in horrible shape and that this economy is not built on sand. It's a sad sad day when this is the kind of rhetoric that we hear..then again it is CNBC.

Mon, 03/15/2010 - 12:29 | 265859 MarketTruth
MarketTruth's picture

People actually still watch CNBC?

If you watch CNBABCBS... what a fool believes!


Rick, if you are reading this leave CNBC immediately and go somewhere else. One day you may find yourself guilty through association, thus left high and dry. You are far too smart to stay in the proverbial burning down house.

Mon, 03/15/2010 - 12:12 | 265866 Cow
Cow's picture

How about the tool from Oppenheimer?  Government securities can be assessed by looking back 10 years?  CDS's aren't that helpful?  It doesn't matter that the US loses its AAA rating?

How does a person invest on a daily basis with that attitude?

Mon, 03/15/2010 - 12:13 | 265869 BlackBeard
BlackBeard's picture

well.   that was a whole lotta crazy!

Mon, 03/15/2010 - 12:17 | 265871 bigdad06
bigdad06's picture

Santelli needs his own show! CNBC needs to give him his own show or he needs to go to another network that will. Santelli is running rings around these clowns!

Mon, 03/15/2010 - 12:36 | 265895 Gordon Freeman
Gordon Freeman's picture

No, Santelli needs to write!  The last thing we need is more TV.

Repo Man says:  The more you watch TV, the less intelligent you are.

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