Tuesday, July 17, 2012

Santelli Is Pessimistic

Rick Santelli reports from the bond floor in Chicago for CNBC daytime market reports. He is also credited with doing the rant that started the tea party phenomenon. It is fair to say that Santelli speaks his mind.

Yesterday on air Santelli mused that conditions looked a lot like going back into recession. For all his bluster, I think he is canny about markets. Don't be surprised if it turns out Rick was right.