CNBC’s Rick Santelli is nothing if not passionate. From his perch in Chicago today, Santelli appeared on the “Fast Money Halftime Report,” and went on a rant, debating CNBC’s senior economics reporter Steve Liesman, and others on the panel at CNBC headquarters.
“Why do we debate it? Why don’t we let the market tell us?,” Santelli said in response to Liesman’s point about Federal Reserve moves. “I don’t care about general consensus. I don’t care that Europe offers entitlements. We’re America! We don’t believe in consensus. We set the consensus,” Santelli screamed, to cheers from the crowds behind in at the Board of Trade in Chicago. Give that man a lozenge.
The debate continued with Liesman getting in the last word: “There is no piece of advice that you’ve given that’s worked. Not a single one, Rick. The higher interest rates never came. The inability of the U.S. to sell bonds never happened. The dollar never crashed.”