Mario Draghi's ECB Press Conference - Live Webcast

Tyler Durden's picture

While equity markets are giving up the kneejerk gains after the ECB's decision to make no decision and keep rates unchanged, we await the much more interesting twists and turns of Draghi press conference and Q&A. From EU-wide bank audits to fragmentation and from OMT's promise to easing collateral standards for ABS buying, there is bound to some fireworks (leaving aside his likely admiration for Abe) especially if he hints at negative rates. We look forward to his explanation of the dichotomy of a conditional OMT and the easing of fiscal targets across almost every nation. Popcorn, ready...

  • *ECB SEES 2013 GDP -0.6%
  • *DRAGHI SEES DOWNSIDE RISKS TO ECONOMIC OUTLOOK
  • *DRAGHI SAYS MONETARY, LOAN DYNAMICS REMAIN SUBDUED
  • *DRAGHI SAYS ECB TO KEEP POLICY ACCOMMODATIVE AS LONG AS NEEDED
  • *DRAGHI SAYS SENTIMENT INDICATORS SHOWED SOME IMPROVEMENT

 

 

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RSloane's picture

Draghi: "My stalwart group of unelected, unaccountable bankers will continue to fuck with your country for as long as we please for the betterment of bankers everywhere."

BurningFuld's picture

Anyone get the idea that these guys are just randomly guessing what to do next?

krispkritter's picture

Yeah, like they're throwing darts at a serf-board or shaking up the Magic Rape Ball to see who gets screwed next...

BLOTTO's picture

The plan is their is no plan, thats the plan.

krispkritter's picture

You didn't plan that! (all by yourself)

eclectic syncretist's picture
  • *DRAGHI SAYS ZERO HEDGE KICKS ASS, HE'S REALLY JUST A WANKER.
timbo_em's picture

Is he going to admit that he (and Trichet, too) is a liar and an idiot?

flacon's picture

Only when "it becomes serious"

Ruffcut's picture

they are serious idiots and liars, does that count?

Montezuma's picture

Think not, Trichet was asked that how can people trust the central bankers when he himself first raised rates then lowered them a just little later, even though the said that the rates must go up.

He dodged the question and talked about changing times and they had to react...  They dont know what the hell they are doing just like IMF with Greece. The global financial markets are too complex and its man made fuck up just like climate chance. Hopefully teach us stupid apes some humility.

GetZeeGold's picture

 

 

Didn't we just have a press conference like last week?

jmcadg's picture

Anyone else all of a sudden not getting this feed?

 

q99x2's picture

That was enough to get my bowels moving.

asscannon101's picture

After Abe released the Turd Arrow yesterday, I wonder what asshattery Super Mario can conjure?

B2u's picture

ECB has not created increase in volatility.  Good thing Draghi says so.

pods's picture

So the ECB has now joined the FED in the coffin corner?

Fun times.  I think the plan is to move FOARward with some more slow printing to save the banks and bleed the people?

"Stop playin' with yerself Hooper; slow ahead, if you please.."

pods

mayhem_korner's picture

 

 

+1  Quint - gotta be among the best film roles ever.

B2u's picture

Draghi needs some Botox injections.

EmmittFitzhume's picture

They speak in English. Most likely because they are talking directly to Bernanke. Or is it that the Algos are programmed in English?  

mayhem_korner's picture

 

 

They speak Engrish because the soon-to-be-paws-up USD is still the world's reserve currency and the meme must go on.

anyways's picture

this fucking damn itaca asshole!

Atomizer's picture

*DRAGHI SEES NEGATIVE CONSEQUENCE IF DOMINO IS TIPPED

Uncle Remus's picture

Jeebus. I see we still have a cockroach problem.

asscannon101's picture

SuperMario, "does not see deflation"... Just doesn't see it.

Gandalf6900's picture

I don't think the guy that asked Mario a question at the end in private  got the answer he was looking for...

antenna's picture

South of Europe is in deflation , EU purposely promotes internal devaluation to push reforms and competitiveness. But it won't work. they're just wrong. In south EU we're all keynesians now.  

iamtheeggman whooooooooooooo's picture

Sentiment improves between beatings