Mario Draghi Press Conference Webcast

Tyler Durden's picture


The former Goldmanite head of the ECB, and CEO of DraghiFX LLC, whose only recommendation is still to not short the EUR and thus to make sure German exports suffer, is not expected to say anything too exciting or contradictory today, although he will surely be bombarded with questions about just how and when he plans on dethroning Spain's Rajoy who still refuses to play along with the program, and enact the Spanish bond buying program. Alternatively, if Draghi makes any indication the ECB is now backtracking from the OMT expansion and instead is forced to rely on first loss guarantees and other doomed ideas that failed a year ago, watch as everything goes risk off. Watch the full thing below.

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Thu, 10/04/2012 - 08:30 | 2855325 LongSoupLine
LongSoupLine's picture

The former Goldmanite...


There's no such thing.  Once a Goldman, always a Goldman.  Just ask Paulson, Corzine and Gensler.

Thu, 10/04/2012 - 08:35 | 2855333 GetZeeGold
GetZeeGold's picture



The Muppets line up around the block for a chance to work there.


You get accepted's almost as good as having a license to steal.

Thu, 10/04/2012 - 10:05 | 2855589 asteroids
asteroids's picture

Non-stop elephant shit from this guy. Fuck You Mario.

Thu, 10/04/2012 - 08:32 | 2855328 HelluvaEngineer
HelluvaEngineer's picture

So let me get this straight - the market has priced in an Obama victory and 4 more years of unrestrained money printing.  Now the Big O gets schooled in the debate, and war with Iran presumably starts this week.  Does any of the premium come out, like ASAP?

Thu, 10/04/2012 - 08:38 | 2855343 Biosci
Biosci's picture

No premium coming out of gold -- she's rocketing right now.  Someone seems to like Mario's "strong euro" words policy.

Thu, 10/04/2012 - 08:51 | 2855376 Biosci
Biosci's picture

I junked myself for speaking too soon.

Thu, 10/04/2012 - 08:57 | 2855399 youngman
youngman's picture

Yes you forgot the New York boys and their HFT

Thu, 10/04/2012 - 08:46 | 2855357 LMAO
LMAO's picture
Mario Draghi Press Conference Webcast

Watch the full thing below.


Thu, 10/04/2012 - 08:50 | 2855369 surfsup
surfsup's picture

These guys deserve a slice of the pie of each and avery transaction because they provide the unit of exchange... really... they do...    

Thu, 10/04/2012 - 08:54 | 2855388 surfsup
surfsup's picture

"an independant body" = a corporate monopoly on the publishing of the units of exchange, for a fee, of course...    

unearned gains taught to you from an early age to not see

based on interest...


Thu, 10/04/2012 - 09:13 | 2855439 surfsup
surfsup's picture

"Elected governments are inherently unstable and the central bank can't operate in that environment..."    ~ Dude to the right... 


Thu, 10/04/2012 - 09:25 | 2855471 surfsup
surfsup's picture

"Conditionality protects the independance of the ECB..."   Non elected board directing nation states to take actions with or without popular debate nor consent with all cost of publishing of the units of exchange going out of said nation states to the Non elected entity...     

Keep it complex Mr Drag so no one really catches on...      

Study points for those still in the learning curve on these matters who don't see it as prudent to take on personal debt to attend the current college "system":


1.  What is the difference between credit and money

2.  In what way does exponential math play in the imbalance of credit and money

3.  What is the history of such imbalances

3b.  How has WAR been used to attenuate this imbalance through history

4.  2 paragraphs on why the Lombard Banking System failed

5.  2 paragraphs on why the Roman Financial System failed

Thu, 10/04/2012 - 09:28 | 2855486 torak
torak's picture

It's quite obvious that copious amounts of hopium will keep the EU afloat until a Black Swan event torpedos it out of the existence.  Just amazing what spit and glue will hold together for this long. 

Thu, 10/04/2012 - 10:20 | 2855646 Pretorian
Pretorian's picture

"whose only recommendation is still to not short the EUR and thus to make sure German exports suffer, TYLER this is by far the BEST on TOPIC sentence in my time at Keep it up this direction pls.

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