Santelli: “We Used To Think Plunge Protection Was Heresy, Now If You Don’t Have It, It’s Heresy”

Santelli: “We Used To Think Plunge Protection Was Heresy, Now If You Don’t Have It, It’s Heresy”

Tyler Durden’s pictureSubmitted by Tyler Durden on 07/14/2015 13:19 -0400
http://www.zerohedge.com/news/2015-07-14/santelli-we-used-think-plunge-protection-was-heresy-now-if-you-dont-have-it-its-here

Having looked surprisingly at Ed Lazear’s comment that “the market is still the best predictor of the economy,” Rick Santelli unleashes his latest bout of truthiness when he explains to the former Bush economic adviser that “investors are blindfolded,” by central bank intervention (such as BoJ buying e-minis). “We used to think plunge protection was heresy,” he exclaims, “but now, if your nation doesn’t have a plunge protection team, that’s heresy!”

Santelli – short and sweet…

Leave a Reply