Santelli Slams Central Bank Policies:

“For a while,” Santelli calmly explains, the fairy-dust commercial planners (Central banks) “at least for a while, made everything seem like it could work.” However, with “no excess margin in the system,” emerging-market-cannonball-driven ripples in the global pool of liquidity are a major problem. Slamming those who argue ‘taper is small’ or ‘Argentina doesn’t matter’; the ever-increasing central-bank-inspired interconnectedness means “the market is realizing in a hurry,” as we have warned numerous times, “these [central bank] programs can’t go on forever,”

Add to this, Santelli notes, that even the central bank architects of the (faux market) buildings (e.g. BoE’s Carney) no longer want to live in these buildings… and problems lie ahead…

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