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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GetZeeGold's picture

 

 

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

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.......

buzzsaw99's picture

<-- who can watch that fuckface?

<-- i found the video informative.

Smuckers's picture

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

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?

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.

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.

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.

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:

Boilermaker's picture

ES up about 10 handles is "having difficulty"?

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.

youngman's picture

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

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...

 

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?

WarPony's picture

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

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/

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

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...

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!"

Yen Cross's picture

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