Rick Santelli

A Furious Rick Santelli Rages At Janet's Jawboning: "Please, Don't Help Anymore"

"Central banks buying in the [stock] market... you really think that's a good idea?" Raging about central banks' picking winners, buying Deutsche Bank, and keeping stocks "steady" around elections, Santelli exploded, "is that the world we really want to live in?" The Fed's buying stocks "will completely and utterly and in every possible way destroy and value in the marketplace..."

Don't Show Jack Welch This Chart...

In a miraculous case of deja vu all over again, after cratering for the first 5 months of the year (confirming an 'opposition' narrative of the economic weakness underlying a record high stock market), the jobs market has suddenly surged... now where have we seen this before?

The Day Data-Dependence Died: US Macro Has Longest-Winning Streak In History

Something 'odd' is going on. Amid the plethora of 11-foot-tall-men multiple-standard deviation beats in recent economic data, the Citi Macro Surprise Index did something it has never done before - it rose for 21 days straight. After 18 months of disappointment, out of nowhere, the index ripped higher at the fastest rate since 2009 to its highest since Jan 2014. With China calm, Brexit behind us, US equities at record highs, volatility at near-record lows, and macro data trends never been better... what possible excuse does a 'data-dependent' Fed have for not hiking rates today?

April Cheers Bring May Tears - Something To Keep You Up At Night

"I’ve said it a thousand times, you can bend but cannot break natural laws.  And while technology and lack of broad participation in the markets can facilitate a bending of the natural laws at some point the fundamentals will release that grim swan upon the world.   And so if you are still buying into the idea that the worst is over and we are now bound for the next 7 year bull, let me give you something to think about as you lay in bed tonight."

Here Is What Janet Yellen Answered When Asked If The U.S. Is In An "Economic Bubble"

"...we tried carefully to look at evidence of potential financial instability that might be brewing and some of the hallmarks of that, clearly overvalued asset prices, high leverage, rising leverage, and rapid credit growth. We certainly don’t see those imbalances. And so although interest rates are low, and that is something that could encourage reach for yield behavior, I wouldn’t describe this as a bubble economy."

Santelli Slams Protesters Blockading CME As Traders Unload On "Soros Paid Morons"

The entrance to The CME has been blocked for most of the morning by "Soros-paid Morons" according to one trader. Rick Santelli has a few opinions on the apparently ill-informed protesters' actions, and concluded, "It would be sad commentary - based on what the politicians have done with the budget - to chase more companies out of Illinois."

The Debate: GOP Candidates Elevated, CNBC Eviscerated

On Wednesday morning a new national poll revealed that 54% of Americans rate the economy as 'poor', but instead of focusing oin that, Becky Quick quizzed Marco Rubio about his 'lack of bookkeeping skills,' Carl Quintanilla posed questions about homosexuality and fantasy football, and the astonishingly incompetent John Harwood expressed doubt about Donald Trump's 'moral authority.' The interaction between the candidates and the CNBC moderators revealed the yawning gap between the bubble world at the intersection of Washington and Wall Street and the hard scrabble reality of economic stagnation and political alienation on main street America.