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Mario Draghi Press Conference - Live Webcast
With the ECB's rate cut decision already wreaking havoc on logic and common sense everywhere, pushing the EUR much higher, and the USd and JPY lower, one can't wait just what non-standard measures Mario Draghi will come up with next to send the EUR to record highs, providing a boon to German IMports. Wait, but the GDP calculation said that net imports are... oh, nevermind. Perhaps Not so super Mario will announce a free Forex trading account for every unemployed European, with half functionality allowing only purchases of EUR, not sales. Look for that, and for further confirmation from the former Goldmanite that the bailout mechanism at the heart of Europe's "sustainability", the OMT, still does not exist and never will, as it is simply impossible to actually agree on a legal term sheet which will govern it.
- *DRAGHI: WEAK LOAN DEMAND REFLECTS STATE OF ECONOMY, CREDIT RISK
- *DRAGHI: CREDIT CONDITIONS FOR SMALL, MEDIUM-SIZED FIRMS TIGHT
- *DRAGHI SAYS ESSENTIAL TO REDUCE FRAGMENTATION FOR TRANSMISSION
- *DRAGHI: ESSENTIAL TO IMPROVE BANKS' RESILIENCE FOR TRANSMISSION
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whoremaster
https://www.youtube.com/watch?v=mfXC9T8hzlY
He's a rock star!
** DRAGHI: 'ECB ALSO ATE UP WITH THE DUMBASS'.
free money forever for the banks.......the beatings will continue until morale improves.
money for free for the next 324 years.
You see the insanity. Free money forever, but "credit conditions remain tight for small and medium sized businesses". Who the hell are these CBs printing money for? I guess they think (or want us to believe) that if they print enough eventually the credit markets for smaller businesses will loosen. Do Keynesians believe in trickle down credit?
Lying fucking cunt
I clicked on the link and found the Comedy Central.
I will say that his English is superior to my Italian.
His English is great, the accent tho...
"Weak balance... shits!"
I just threw a tomato at my monitor. Take that Draghi!
I think ill skip listening to that clown show this am.
BULLETIN: The governing council has agreed on the menu for dinner.
Seven billion people on the planet and a handful of bankers get to fuck them all over at will. Nice work if you can get it.
Exactly. If you see trillions of paper promises and cannot figure out what the real collateral is, it is probably you. Fraud is the status quo, possession and a dependable tribe will be the law for the foreseeable future. Fuck the paper-pushers, there is no real value in their labor anyway.
"I am going to marry-o to my disastrous policy, even if I have to draghi yo kicking and screaming".
Draghi says the same shit every time. I wouldn't be surprised if the markets sell off after this Kabuki Theatre is digested.
"selloff"? You and your finance mumbo jumbo Yen. Always throwing around words none of us ever heard of to show off.
look at these jobs #'s Fonz. Every one of them was revised shittier.
Continuing Jobless Claims 3,019K 3,028K 3,007K
05:30 USD Initial Jobless Claims 324K 345K 342K
05:30 USD Nonfarm Productivity (QoQ) 0.7% 1.2% -1.7%
05:30 USD Trade Balance -38.8B -42.0B -43.6B
05:30 USD Unit Labor Costs (QoQ) 0.5% 0.7% 4.4%
I give you so much credit for always continuing to analyze. I have abandoned fundamentals and technicals and am pretty much in paralysis from here until something breaks.
Where has Orly been?
I haven't heard from her. I'm sure she's just taking a break and focusing on her trading. I just shorted aud/jpy @ 100.61 for a quick 60 pips. The aussie dollar is going in the shitter soon IMHO.
let me guess...shitty NFP tomorrow = risk off equals UST's bid = strong dollar?
(should equal Moar QE and weak dollar and PM's bid but that ain't happening)
If the number is bad tomorrow I would expect the dollar to sell off. Weak economic news has been dollar negative. But who knows?
Oh believe me USD selloff makes sense. Which is why I am guessing it won't.
I am abandoning everything, I'm going to go on Storage Hunters - that's where the money is.
Those guys are brutal! I've watched that show. They jack the bids up on each other over complete shit lots of magazines and old moldy clothes. I'm surprised they don't have a SWAT team following them around while they're bidding on stuff...
What Yen said is true Fonz, I looked it up. A "sell-off" is when the market goes...get ready for this - Down.
Crazy, I know - but apparently it used to happen all the time. Who knew?
I bet now that you stated that Wiki is changing the definition to "a buying opportunity".
I had to crack out the 'Websters Dictionary' for that one fellas. ;-)
8 Signs You're Flirting With Ruin
No 3?
What a Draghi
Help the banks? How about helping the economy and unemployed workers?
What the hell does this mean?
ESSENTIAL TO IMPROVE BANKS' RESILIENCE FOR TRANSMISSION
http://dictionary.reference.com/
..... of higher bonersus to banksters
YIPPIE! 25 basis points! The EURO is SAVED!!! All hail the ECB!
I'm sure that'll fix everything and those 27% unemployed in Spain are now dancing in the streets.
they are .....and you are supposed to put a tip in the hat
That S&H on the EUR$ hourly chart has to go. :)
U.S. trade balance & Claims should tip the scales.
Latest:
ECB NOT IN THE BUSINESS OF CLEANING BANKS' BALANCE SHITS (YES)
ECB NOT IN THE BUSINESS OF BUYING GOV'T BONDS
Game over.
No. They are in the business of buying their 450,000 EUR mortgaged chinchilla ranches, worthless Spanish apartments, and overvalued loans as 'collateral'.
*DRAGHI SAYS ESSENTIAL TO REDUCE FRAGMENTATION FOR TRANSMISSION
I wonder if the two guys on Car Talk would agree.
So Draghi thinks he will bounce the Germans into Banking Union ? Amusing. The Verfassungsgericht might well nix that idea. It would have been better to have stayed with the D-Mark and let countries that could earn D-Marks through exporting to Germany could effectively link to the D-Mark and the Germans would have to invest more in Eurozone production facilities outside Germany.
This mess cannot be solved. Each European country has a different financial system with different focus and widely deviant tax systems and pension systems. The Capital Markets are so different. Collapse is the only option and China and the Us will have to lump it. Noone is going to take a lead, they are all reactive.
There has to be a Default to set the dominoes in freefall. There is no way people can take another decade of this train wreck
Negative interest rates? You mean I would have to pay to risk the banks stealing my money if I put it in a bank??!!!!!!!!!
Bank of Mattress is a far far far safer option!
A guy who truely deserves the moniker. "Dick-head"
If it worked the first time, surely more will work better. Yeah 'Dick-head'? You think so? or should we change your moniker to 'Ass-hole' because all you can do is 'shit talk' the economy into the toilet for the up coming great turd flush.
Until they give up on trying to:
a) protect crony theft and fraud
b) create one centrally planned Europe dominated by bankers
They will never be able to fix the problems BECAUSE a) and b) are CAUSING THE F'n PROBLEMS.
My suggestion is to give it up, prosecute fraud and theft vigorously and let the market do its thing. Millions of people working in a free market environment will easily figure out what one organization trying to protect fraud and centralized power has no chance of accomplishing.
... and obviously the same goes doubly for the U.S. Failure to do what is right makes it look as if the whole collapse has been planned by the centralized power toads.... jsut say'in.
They should be in prison. Somebody call the cops.
Would someone please throw a shoe at this jaundiced kiddy-diddler.