Rick Santelli: "We Know They'll Cave On The Debt Ceiling, The Bond Market Is Living Proof" (CNBC Video)

Video - Rick Santelli on the debt ceiling - June 15, 2011

• "You know why it isn't paying attention? Because the bond market knows that nobody whether it's the House or the Senate will have the nerve not to raise the debt ceiling. So the real question is: Do the people that have the moral ground to actually try to make a restriction, you need to cut debt. Can they stick to it? That's the question. We know they'll all cave on the debt ceiling. The bond market is living proof of it."

Related...

• Chris Whalen: "Geithner Is Wrong! There Is No Downside To Not Raising The Debt Ceiling" (Video)
• Santelli: "There Is A Difference Between Bernanke And Houdini, Bernanke's Not A Magician, We're On The Verge Of A Great Great Depression, Near Panic Among Money Managers

Comments

[Josie]

Santelli shines against the idiot cheerleaders (e.g., Liesman et al.) when he uses the markets to make his argument. How often has Liesman spewed unproven essentially opinion as fact and then questions Santelli where he gets his positions. Santelli fires back: "look around me Steve (pointing to the market tickers); the markets tell me what I need to know"...