The Santelli-Liesman Pay-Per-View Preview Redux

Tyler Durden's picture

Some have asked us what is the reason for the earlier poll asking who is more trustworthy: Liesman or Santelli. The following clip from earlier this morning should explain it. First 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" Next, all hell break loose.


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Fish Gone Bad's picture

Intelligence has its limits. Stupidity is boundless.

Anonymous's picture

Hahhah, pissing contest by two fairly frustrated people.

Good fun.

monmick's picture

Laughter is a very powerful tool. Santelli just proved that this morning.

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

Ivanovich's picture

Santelli is awesome.

berlinjames02's picture

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.

Jesse's picture


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

Jerry. Jerry. Jerry. Jerry.


Dehrow's picture

Liesman gets pwned.

Jean Valjean's picture

Liesman didn't like being laughed at did he.  Kinda reminds me of Geithner in China.

assumptionblindness's picture

The look on Becky's face was PRICELESS!

assumptionblindness's picture

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

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.

Pladizow's picture

Where's Gasparino?

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

FEDbuster's picture

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

Double down's picture

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

Trust the trader 

Go Rick!!! 


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.

Howard_Beale's picture

Great Monday morning fodder. Must be time to use DH's new word. Liesman is a phuck-nut.

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.

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?

frank's picture

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

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.


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.

Jeff Lebowski's picture

Delusional.  Solar Power.

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

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.

Cognitive Dissonance's picture


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.

Cognitive Dissonance's picture

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.

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.


Howard_Beale's picture

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

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...

tenaciousj's picture

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

Gimp's picture

Sums up CNBC nicely "incredible unaware".

Gimp's picture

Sorry, I meant "incredibly"

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.

Howard_Beale's picture

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

Miles Kendig's picture

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. 

overmedicatedundersexed's picture

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

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.

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.

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$$.

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.

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.

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?

BlackBeard's picture

well.   that was a whole lotta crazy!

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!

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.