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Mario Draghi's ECB Press Conference - Live Webcast
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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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."
Anyone get the idea that these guys are just randomly guessing what to do next?
Yeah, like they're throwing darts at a serf-board or shaking up the Magic Rape Ball to see who gets screwed next...
The plan is their is no plan, thats the plan.
You didn't plan that! (all by yourself)
Is he going to admit that he (and Trichet, too) is a liar and an idiot?
Only when "it becomes serious"
they are serious idiots and liars, does that count?
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.
Didn't we just have a press conference like last week?
Anyone else all of a sudden not getting this feed?
Zee insaneeteee!
That was enough to get my bowels moving.
After Abe released the Turd Arrow yesterday, I wonder what asshattery Super Mario can conjure?
ECB has not created increase in volatility. Good thing Draghi says so.
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?
pods
+1 Quint - gotta be among the best film roles ever.
Draghi needs some Botox injections.
They speak in English. Most likely because they are talking directly to Bernanke. Or is it that the Algos are programmed in English?
They speak Engrish because the soon-to-be-paws-up USD is still the world's reserve currency and the meme must go on.
this fucking damn itaca asshole!
*DRAGHI SEES NEGATIVE CONSEQUENCE IF DOMINO IS TIPPED
Jeebus. I see we still have a cockroach problem.
SuperMario, "does not see deflation"... Just doesn't see it.
I don't think the guy that asked Mario a question at the end in private got the answer he was looking for...
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.
Sentiment improves between beatings