11.1 C
New York
Tuesday, November 26, 2024

Santelli Blasts Bad-Jobs Bullish Market Response: “What Are We A Banana Republic?”

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Bond yields snapped lower, equity prices surged higher, gold and silver prices ripped higher, and the USD snapped dramatically lower (as JPY surged) on the worse-than-expected payrolls print (and terrible downward revision). The sad reflection of bad-news-is-good-news reaction of US capital markets to this 'most important number in the world' is summed up perfectly by CNBC's Rick Santelli as he exclaims how sad this reaction is and asks "what are we a banana republic?" Well, yes, Rick, it appears we are…

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

156,455FansLike
396,312FollowersFollow
2,320SubscribersSubscribe

Latest Articles

0
Would love your thoughts, please comment.x
()
x