Submitted by Tyler Durden: Reminiscing on the good ol' days when traders
and investors poured over fundamental metrics, CNBC's Rick Santelli
looks upon the current environment as a single-factor "Bernanke-loves-me, he-loves-me-not" un-reality
and the impact he has on savers. "It seems a little bit ridiculous," he
understates before launching into two minutes of clarifying thought on
just what it is that Bernanke is doing and that we are suffering
through. Just who is Bernanke working for?
Expanding on the discussion last night, Santelli slams Bernanke for his flip-flopping view of the unemployment rate ("where was he during the elections when 'unemployment' was getting better?"
, his entire disregard for the terrible divergence between a surging corporate profit buildup (surely indicative of a healthy economy?) and the 'real' employment rate (which is dismally awful) preferring to focus on the 'unreal' unemployment rate - which even he now notes is over-stating the recovery.
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