CNBC Anchors Stunned: ‘There is No Economic Recovery’!

[youtube=https://www.youtube.com/watch?v=wk6QBqRWvEc]

• This is the last time you will see this guy on CNBS!
• CNBC Anchors Stunned: ‘There is No Economic Recovery’! 
  by Paul Joseph Watson, www.infowars.com 
  Investor launches into breathless rant about REAL financial situation.
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  Investor Steve Ricchiuto stunned CNBC hosts when he launched into a breathless rant about how there is no real economic recovery and that the Federal Reserve’s forecasts are pie in the sky.
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  Ricchiuto, Managing Director of Mizuho Securities USA, left anchors Simon Hobbs and Sara Eisen scrambling for words as he reeled off a barrage of factors as to why there is no acceleration in economic activity.
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  The highlights;
  “There is no acceleration in underlying economic activity.”
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  “There’s this wrong concept that I keep on hearing about in the financial press about the acceleration in economic growth… It isn’t happening!”
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  “We had a horrible retail sales number, we had a horrible durable goods number, we’re likely to have a very disappointing retail sales number coming forward, this month we have a strong payroll number we say everything’s great – it’s not great….it’s been the same thing for the last five years, there’s no improvement in the economy!”
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  “After a string of dismal data on durable goods, retail spending, and inventories, we get a good jobs number and everyone saying the economy’s good – it’s not good!”
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  “And we can keep on going,” Ricchiuto responded when Hobbs interrupted him.
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  According to Zero Hedge, the clip was also edited to remove host Eisen’s glib response to Ricchiuto’s sobering reality check on the real economic figures.
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  “But the key is that’s not what The Fed is telling us,” she stated.
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  So according to the financial “experts” at CNBC, actual economic numbers are less important than placing blind faith what the Federal Reserve claims is happening in its press releases.
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  Is it really any surprise that CNBC is hemorrhaging viewers because of a lack of transparency and a complete failure to question the Federal Reserve’s monetary policy?

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