“The government is promoting bad behavior.” These were Rick Santelli’s words on the floor of the Chicago Mercantile Exchange
CNBC Again Shows Its Bias, Promotes Recession Scare, As Yellen Says Better Economy Means Rate Hike OK
Predictably, the bond market and the Dow Jones average both fell quickly on CNBC's one-sided call, bringing quick profits to short hedge funds using high frequency trading to move quickly in and out of the market.
Wah, wah, wah! That's the collective whining of Republican National Committee Chairman Reince Priebus and several GOP presidential candidates complaining of unfair, biased, mean-spirited debate moderators and their "gotcha" questions.
Palin's accelerated descent this week represents a larger trend within the conservative media. It represents the decline of the tea-party wing of the right-wing press and how a once-flourishing enterprise of outside upstarts, with their eyes on disrupting the GOP hierarchy, have in recent years faded in terms of importance and prestige within that sphere.
CNBC should be asking itself why on earth it continues to show such favoritism for the views of market pessimists and short sellers -- indeed, even facilitating such traders profit strategies -- at the expense of their retail TV audience.
Isn't it strange that the GOP, the political party that has heretofore consistently and vociferously opposed frivolous lawsuits, spurious malpractice claims and the trail lawyers' lobby, has now decided to spend taxpayer money to hire trial lawyers to bring what is essentially a frivolous malpractice lawsuit against President Obama?
By velocity, he basically means that no one is spending money, even though the Fed’s QE program has, in a sense “printed
To read the whole interview with Santelli, click over to Business Insider. "We’re thinking of having a Chicago tea party
The arrogant claims to fiscal rectitude of the Tea Party belie the underlying realities. They are not the makers of their own imagination, but are rather in large numbers the takers that they have been so quick to disdain.
Some say that rating agencies -- including S&P, Moody's and Fitch -- contributed to the financial crisis by slapping top
Just take a look across the pond for proof. Concerns of a triple-dip recession in the U.K. are ripe after the country's economy
Most people probably took the Mayan Apocalypse as light-heartedly as I did, though clearly there were some who really thought the end was nigh. What worries me, however, is that this story is symptomatic of a more pathological apocalypticism that has begun to permeate American culture.
During a discussion on the so-called fiscal cliff on Thursday, Santelli grew louder, eventually shouting into the camera
"Don't give me the switcheroo!" he screamed. As if to cement his spot in the TV hall of fame of epic ranters, the former
After the Bureau of Labor Statistics released a jobs report Friday morning that showed unemployment had fallen to levels
The new Treasury charts are intended to underscore the severity of the economic dip, the fact that the recovery has been