Santelli: "We Used To Think Plunge Protection Was Heresy, Now If You Don't Have It, It's Heresy"

Having looked surprisingly at Ed Lazear's comment that "the market is still the best predictor of the economy," Rick Santelli unleashes his latest bout of truthiness when he explains to the former Bush economic adviser that "investors are blindfolded," by central bank intervention (such as BoJ buying e-minis). "We used to think plunge protection was heresy," he exclaims, "but now, if your nation doesn't have a plunge protection team, that's heresy!"

 

Santelli - short and sweet...