ECB's Jurgen Stark: "The Casino Is Still Open"

Tyler Durden's picture
  • *DJ ECB's Stark: "The Casino Is Still Open" - this comes from one of Europe's top central bankers!
  • *DJ ECB's Stark: "No Sign Of Necessary Change In Banker Mentality" - that's becasue we are aiding and abetting
  • *DJ ECB's Stark: "Inflation in emerging markets is a serious problem" - Bernanke has it 100% under control
  • *DJ ECB's Stark: "increase in Euro region inflation due to energy prices"
  • *DJ ECB's Stark: "ECB's inflation assessment has not changed in mid term" - But naturally
  • *DJ ECB's Stark: "Is very vigilant on possible inflation risks" - so was Tunisian president Ben Ali
  • *DJ ECB's Stark: "Global economy and Euro region recovered faster than thought"
  • *DJ ECB's Stark: "US, UK Deficits Worse Than Euro Zone's" - Don't tell Tiny Timmah
  • *DJ ECB's Stark: "Greece, Ireland Need U-Turn In Economic Policy"

h/t London Dude Trader

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TruthInSunshine's picture

The Bernank will get right on this issue...just as soon as he finishes his Beef Wellington at the Waldorf-Astoria and his lunch 'meeting' with Jamie Dimon.

Sutton's picture

"As long as the music's playing, we're gonna keep dancing."

Chuck Prince

Citigroup CEO- Summer 2007

TruthInSunshine's picture

"Never let a serious crisis go to waste."

-- motion by Rahm Emmanuel

Supported by George W. Bush, Barack 'Hope & Change' Obama, Ben 'B52' Bernanke, Hank 'the world will end tomorrow if I leave without a blank check from Congress' Paulson (waterboy for The Squid & House of Morgan), Timothy Geithner (lackey in training) and the hungry mouths in executive board rooms on Wall Street.

Let them all fail's picture

Rahm is starting to sound like Milton Friedman

theprofromdover's picture

"Fight the Power"

Chuck D

Citizen -Fall 19??

youngman's picture

If your walking on thin might as well dance.....Chuckles the Clown

LFMayor's picture

Wasn't Chuckles the "nom de clown" for Gacey?

Mudflap's picture

"If I can't dance, I don't want to be part of your revolution!"  Emma Goldman

NotApplicable's picture

How about the comped bar? Surely the free liquor is still flowing.

plocequ1's picture

Hey now, Those big bad bankers cant do this. Denningers debt chart says so.

Alcoholic Native American's picture

Bondzilla is right around the corner! Surely he's around the corner!  People are screaming as they come around the corner!  Surely Bondzilla follows!

Durrrrrrrrrrrrrr what's an anonymous billionaire?





bob_dabolina's picture

I've never wanted to slit my wrists...and then there were these headlines.

civilmanus1's picture

Funny. This ranks up there with american idol. Who buys shit like that?


Salinger's picture

When i saw H/T london dude trader it reminded me of London Banker and I wondered what became of London Banker's blog (probably the best economic blogger out there)  Turns out he's back Blogging since December

erik's picture

dip buyers only have 2 hours left to get the party started.

HelluvaEngineer's picture

No worries.  Harry sold another 10 velvet paintings and is in the process of putting in a market order for 1 share of AAPL.

erik's picture

This has the feel of one of those days where we stay significantly red.  There may be a dip buy toward the very end of the day, but it won't make a dent in today's losses.  Tomorrow is another story entirely though.  If I had to guess, I'd say we'll close around 1286.

topcallingtroll's picture

Cmon guys! More good quotes please!

Bluntly Put's picture

Let them eat fake - Newly Appointed CZAR of the Ministry of Truth and Transparency.


Doeko's picture

He didn't say the market is a casino.

 (EU) ECB's Stark: The mentality among bankers has not changed; are still treating the markets like a casino- Notes US and UK deficit problems are worse than those of the Euro Zone. - Reiterates keeping rates low for too long carries a risk. - Must remove stumulative measures once an emergency has passed - Concerned about inflation in emerging markets. Sees no medium term inflation threat in the EMU; reiterates short term inflation in Europe is due to rise in energy prices. - Clarifies bond purchasing program, is a form of monetary policy and not a method of financing Governments

sheeple's picture

when was it ever closed lol

Rogerwilco's picture

Baloney -- casinos have rules and bums get tossed. Quit insulting casino operators.

Sudden Debt's picture

Will Benny B. hit his shortcut to create another trillion to get the jukebox going for another song?

ak_khanna's picture

The speculator­s who are in control of the markets are like termites that require wood to eat and thrive on. Here the wood is the savings and the margin money used for trading the markets. The simple way to destroy the speculator­s is to keep your money out of their reach.

The exchanges have been reduced to gambling dens whereby the more powerful traders with deep pockets move the markets to maximize their own profits at the expense of the remaining not so powerful players. The big boys have enormous money power to move the markets in the direction which results in maximum profits for themselves­. They effectivel­y use the media to lure the other players in the market to a position where they would incur maximum loss. It is similar to rounding up maximum sheep before shutting the doors of the slaughter house.