While the guests on Friday's CNBC closing bell were giddy with excitement about earnings, US stocks, and 'the recovery' being "a lot stronger than people give it credit for", Rick Santelli asked a simple question, if it's all so great why is the Fed still printing billions of dollars each month?
A disquieted crowd of asset-gatherers attempted a response but made the
mistake of uttering the most inflammable 7 words Santelli could hear...
"Where would we be without the government?" What ensued is worth the price of admission...
The guests exchange pleasantries as the "asset managers" explain how
'anecdotally' it's so awesome out there..and Rick explains his
perspective on the Fed...
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