Friday, February 20, 2009

Rick Santelli and the "Rant of the Year"



Rick Santelli, together with Art Cashin as the 'must watch' on CNBC.
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4 comments:

  1. imakFri Feb 20, 11:55:00 pm GMT+8

    他的演技跟那些牧師在電視上講道一樣咁做 show feel.

    ReplyDelete
  2. s tsuiSat Feb 21, 02:54:00 am GMT+8

    Art Cashin... he keeps popping at instances where making fun of his name is most tempting.

    Am I the only one who remembers what happened in HK over the last decade??? NO GOVERNMENT in the world can CONTROL the housing market. Officials can nudge and certainly destroy, but they cannot resuscitate.

    With a better bankruptcy system than ours, I'd think that people in the US already have a better chance at recovering from negative equity than we did. In a very ah-Q way, I see this as a testimony to HK's remarkable economic resilience.

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  3. pakmanSun Feb 22, 07:06:00 pm GMT+8

    I think more appropriately, govt cannot control prices.

    But it can definitely affect demand and supply in a huge way.

    1984 til 1997 was a perfect example of how restricting demand creates shortages.

    As for the bankruptcy procedure, that is also why I think the US will emerge from this better than everywhere else.

    BECAUSE THOSE GUYS DON'T HAVE TO PAY US BACK!!!!

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  4. pakmanSun Feb 22, 07:06:00 pm GMT+8

    Which leads me to this rant.

    We have a high savings rate, because we expect not only low returns. But negative returns because of the US ppl do not pay us back.

    It is kinda like saving more grains in the silo, because we expect the rats to eat through some of it.

    ReplyDelete

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