Rick Santelli blew his top this week on CNBC as he got exasperated with a discussion about the eventual tapering of quantitative easing. A lot of people are getting tired of the same old story that tapering is just around the corner, only to find that a new set of data indicates it’s just not a good time yet.
“If they can’t figure out a way to continue the sugar buzz one way, they’re going to look at the PPI numbers and the CPI numbers and they’re gonna make the case that the old bogeyman of disinflation is in the closet… I don’t believe the government’s calculations… I don’t have better numbers, I have common sense… There’s a difference between real life and the government…”
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Santelli Riled by Bogus Government Inflation Stats (Video)
Rick Santelli blew his top this week on CNBC as he got exasperated with a discussion about the eventual tapering of quantitative easing. A lot of people are getting tired of the same old story that tapering is just around the corner, only to find that a new set of data indicates it’s just not a good time yet.
Follow us on Twitter to stay up-to-date on Peter Schiff’s latest thoughts: @SchiffBlog