From David Galland in Casey’s Daily Dispatch:

That the fabric of the status quo is beginning to unravel can be seen in the following link from CNBC, when [anchors] Rick Santelli and Steve Liesman get downright rude with each other.

As you will see, Santelli gets positively apoplectic about the [U.S. fiscal] deficits when the perma-bull panelists try to gloss things over.

My favorite part is when he breaks the unspoken agreement that holds sway among the community of talking heads by pointing out that the economist from the Oppenheimer Funds has a vested interest in trying to talk up stocks.

It’s all a charade, and always has been. How else to explain that all of these purported experts completely failed to anticipate the current crisis?

The video is here...

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