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Mario Draghi Press Conference Webcast

Tyler Durden's picture




 

Last time around, Draghi hinted at a fresh round of rate cuts. Nothing happened. In today's press conference, he will likely hint at it again, and nothing will happen once more: for now the ongoing threat of a Spanish bailout (now in its 6th month) has pushed Spanish 2 year yields to the lowest level since 2010, which means the ECB is safely out of the picture for a while, or at least until the Spanish social security funds runs out of all cash to buy Spanish bonds. Only then, will the ECB be forced out of hibernation.

 

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Thu, 01/10/2013 - 09:31 | 3140237 GetZeeGold
GetZeeGold's picture

 

 

Oh good......another press conference.

Thu, 01/10/2013 - 09:44 | 3140263 ball-and-chain
ball-and-chain's picture

Draghi's just another tool.

What can he possibly say?

Europe's toast.

Finished.

Done.

http://www.angrysinner.blogspot.kr/2013/01/yesterday-dragon-lady-served-beef-and_10.html

 

Thu, 01/10/2013 - 10:54 | 3140457 Silver Bug
Silver Bug's picture

And then the lies speweth forth!

 

http://jamesturkblog.blogspot.ca/

Thu, 01/10/2013 - 09:34 | 3140242 fonzannoon
fonzannoon's picture

Whatever....

I wonder if the Joe Sixpack who lost his ass on Facefart has been watching it climb back above $30. I wonder when his anger at being assaulted by the market again will slowly abate and if he will buy it at $38 again. Only to.......

Thu, 01/10/2013 - 09:36 | 3140243 buzzsaw99
buzzsaw99's picture

<-- who can watch that fuckface?

<-- i found the video informative.

Thu, 01/10/2013 - 09:37 | 3140247 Smuckers
Smuckers's picture

Ho-hum, but I sense the algos are now coiled looking to release on the next mouse fart.

Thu, 01/10/2013 - 09:38 | 3140251 Boilermaker
Boilermaker's picture

Why would anyone listen to this?

The statement has been made and the futures have been ramrodded.

What else is there to learn?

Thu, 01/10/2013 - 09:39 | 3140255 Beam Me Up Scotty
Beam Me Up Scotty's picture

Why doesn't Spain just mint a trillion euro platinum coin, and deposit it at the ECB.  Then they can pay all of their debts to everyone else.  No need to raid the Social Security trust fund.

Thu, 01/10/2013 - 09:41 | 3140257 AccreditedEYE
AccreditedEYE's picture

Does it matter anymore? I'm really serious. The fix is in... assets are going higher and there isn't a thing anyone can do about it. Buy em up and don't listen to Draghi. Besides, sometimes when he talks the market is known to move much higher. BTFD or be left in the dust.

Thu, 01/10/2013 - 09:44 | 3140261 Boilermaker
Boilermaker's picture

Exactly.  The horse is out of the barn.  There's no longer a need to worry if you shut the door or not.

Thu, 01/10/2013 - 09:45 | 3140267 buzzsaw99
buzzsaw99's picture

they seem to be having difficulty breaking it higher from here. there may be a disturbance in the farce. :waiting for the dip:

Thu, 01/10/2013 - 09:53 | 3140285 Boilermaker
Boilermaker's picture

ES up about 10 handles is "having difficulty"?

Thu, 01/10/2013 - 10:03 | 3140311 buzzsaw99
buzzsaw99's picture

the s&p has bounced off 1465 how many times within the last six months? btw, it isn't ten handles it is merely ten points on the thinly traded futures. handles does not equal points. i hate that.

Thu, 01/10/2013 - 10:17 | 3140348 Boilermaker
Boilermaker's picture

Say what?

Thu, 01/10/2013 - 09:49 | 3140276 youngman
youngman's picture

Does an economy scream along with 20% unemployment....????  Seems to in the EU....In 5 years its all Asia.....

Thu, 01/10/2013 - 09:58 | 3140300 Kaiser Sousa
Kaiser Sousa's picture

good morning fellow ZH comrades....now without further delay - 

 

FUCK YOU MARIO DRAHGI, AND FUCK YOU TO BERNANKE....

c u guys later today...

 

Thu, 01/10/2013 - 10:01 | 3140308 ReeferMac
ReeferMac's picture

Ya know, it's funny... I've seen a bunch of pictures and video's of the guy, and I'm generally not one to believe the Illuminati non-sense when you start to really dig deep into it.... but I'll be damned if he doesn't look like a friggin alien to me?

Thu, 01/10/2013 - 10:10 | 3140326 WarPony
WarPony's picture

Reptilian shape shifter - can go ET sure - but, originally from here.  Those Van Allen belts are a bitch.  ;)

Thu, 01/10/2013 - 10:27 | 3140378 Dareconomics
Dareconomics's picture

Because of ECB easy money Spain is not in imminent trouble, but it will experience years of economic stagnation as a result:

 

http://dareconomics.wordpress.com/2013/01/09/ecb-distorts-spanish-economy/

Thu, 01/10/2013 - 10:28 | 3140381 hooligan2009
hooligan2009's picture

wonder why no-one is asking what impact on monetary policy settings there has been from Swiss National Bank actions or upcoming Japanese purchases of European government debt

Thu, 01/10/2013 - 11:01 | 3140485 Fiat agnostic
Fiat agnostic's picture

If the way for the US and Japan to weaken their currencies is to expand their balance sheets by printing money and invest in other countries - Europe should be secure in its funding requirements. Soon we may need another 'Europe' to absorb all the funny money being produced...

Thu, 01/10/2013 - 11:28 | 3140575 SmoothCoolSmoke
SmoothCoolSmoke's picture

Bernankie on the phone to Draghi. 

BB: "Mario, a little something for your presser...."

MD: "Ben, anything for you"

BB: "Just say, FUK YOU ZH"

DM;"Huh...what is this ZH?"

BB: "Just say it Mario....they know who they are"

DM: "OK Ben."

BB: "Oh and Mario..."

MD: "Yes"

BB: "SCOREBOARD!"

MD: "SCOREBOARD!"

Thu, 01/10/2013 - 12:16 | 3140784 Yen Cross
Yen Cross's picture

  Time to close my cable longs, Marios 1/2 life has expired.

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