When Rick Santelli speaks, traders listen as he channels the unvarnished truth that is so seldom allowed to leak out on to the airwaves and into the great unwashed's eyes and ears.
This morning was one such episode as he and Joe Kernan had a brief discussion about the inevitability of the current crisis... and what happens next.
"Many are seeing recession. I don’t see a way to avoid it... Is this really a banking crisis? It's a Fed crisis, it's a rate hiking crisis, it’s a crisis built on a crisis we never solved... is it any wonder there's so much volatility in the market?"
CNBC's Rick Santelli: "Many are seeing recession. I don’t see a way to avoid it ... Is this really a banking crisis? It's a Fed crisis, it's a rate hiking crisis, it’s a crisis built on a crisis we never solved ... is it any wonder there's so much volatility in the market?" pic.twitter.com/R9YNBndpPd
— Tom Elliott (@tomselliott) March 24, 2023