Quote from Martinghoul:
I love how ZH neglects to mention that the drop in the participation rate occurred largely because of the "population control effect", which the BLS applies once a year to the household survey data. Strange omission for a blog that loves to point out such calculation issues when it suits the rant. But of course things like this must never get in the way of a punchy headline. What a media whore!
As to Santelli, I know someone who used to talk to him when he was a broker. He was pretty sh1t, I'm told. No view on his political affiliations.
Media whore(s) - market whore(s) = 0. Poor guy is making $600k to work three hours a day adding color on CNBC. I'd bet he didn't earn those dollars as a floor broker.
