Rick Santelli with another one of his rants. Some readers have complained about them, but most find them to be a good needed dose of humor once in a while.
In a discussion just after this week’s initial claims data were released, Rick Santelli argues the Federal Reserve will eventually be unable to keep interest rates low.
“I don’t believe in policy! I believe in markets!…No. I don’t believe that human hubris is smarter than aggregate personality. Period.”
(The whole segment is interesting, but the big rant begins around the 1:10 mark)