This page has been archived and commenting is disabled.

Draghi's "LTRO Or No LTRO" ECB Press Conference - Live Webcast

Submitted by Tyler Durden on 10/02/2013 08:25 -0400

Leaving rates unchanged for now, all Draghi has left in his arsenal is to jawbone the EUR down (since we already know the strength of the EUR is hurting corporate earnings). Moar negative rate "possibilities", a sprinkling of "things are not quite as awesome as markets presume", and a hint or two at the need for another VLTRO? And we are sure this time, he will explain exactly how the OMT will work...

- advertisements -

Wed, 10/02/2013 - 08:28 | 4013310 Alpha Dog Food

Watching cartoons is marginally better than this comedy.

My favourite here is 'Whatever Happened To The Occupy Movement'

http://www.youtube.com/user/mrjosephmorgan/videos

Wed, 10/02/2013 - 08:28 | 4013315 prains

SpongeDraghiBob

it's a voice over cartoon

Wed, 10/02/2013 - 08:30 | 4013317 GetZeeGold

When does the press conference box set come out on DVD?

Wed, 10/02/2013 - 08:34 | 4013321 prains

Hold up _ SquidWard is about to take the stage

Wed, 10/02/2013 - 09:16 | 4013405 Stackers

EURUSD sure did like whatever Drahi just said or didn't say......

Wed, 10/02/2013 - 08:28 | 4013311 NDXTrader

I love the smell of burned algos in the morning

Wed, 10/02/2013 - 08:27 | 4013312 q99x2

You do the grind. The bankster grind.

Then they kill you.

You do the grind. The bankster grind.

Then they kill you.

Wed, 10/02/2013 - 08:34 | 4013318 MrNude

How long before he throws up his arms and shouts 'IT'S ZE AMERICANS FAULT!'

Wed, 10/02/2013 - 08:42 | 4013338 mtthw2

Don't have volume on and I don't know or care what he is saying---With that said, this guy looks tired and scared.

Wed, 10/02/2013 - 08:43 | 4013340 spanish inquisition

"It is effective as long as we don't splain too much and you do not look behind the curtain....at the man hitting ctrl-p on the keyboard....umm, he is wearing a disguise and just looks like Ben Bernanke....But the OMT and LTRO are great and powerful! Should we need to use them , but we won't because things are going good. "

Wed, 10/02/2013 - 08:54 | 4013363 Iam Yue2

He is losing his hair. Comes from the stress of having to believe his own bs, not least with regard to his arsenal of ghost instruments, which he is prepared to use as and when necessary.

Wed, 10/02/2013 - 08:56 | 4013368 JSD

Crouching Tiger, Hidden Draghi:

http://d3j5vwomefv46c.cloudfront.net/photos/large/629134832.jpg?1343911458

Wed, 10/02/2013 - 08:56 | 4013369 it aint easy

Hey, I found a video where Draghi explains what their real plans are.. it's a must see!

https://www.youtube.com/watch?v=p6ANfJskbmY

Wed, 10/02/2013 - 09:11 | 4013397 Devotional

Audit the ECB please.

Wed, 10/02/2013 - 12:01 | 4013721 Ghordius

isn't the world wide web a tangled mass of "info"?

if you are looking for a petition in order to audit the ECB you'll find it, here: http://www.petitiononline.com/auditecb/petition.html

but if you stop for a moment and think, then you'll come to the conclusion that the ECB as such is a confederation of central banks that are regularly audited (most of them are national banks anyway)

further, the ECB "core" itself is regularly audited by external auditors, and their audits are published, here, together with the audits of every national bank belonging to the EuroSystem: http://www.ecb.europa.eu/ecb/legal/1001/1012/html/index.en.html

nothing exceptional, I fear. for that, you have to look elsewhere

Wed, 10/02/2013 - 19:09 | 4016102 mobydick

The ECB is going to review the balance sheets of the major banks. What a joke. The shit isn't 'on the balance sheet', it's unregulated and unaudited and hidden 'off balance sheet'

Wed, 10/02/2013 - 19:04 | 4016080 mobydick

“I know you think you understand what you thought I said, but I’m not sure you realize that what you heard is not what I meant.”

Draghi's "LTRO Or No LTRO" ECB Press Conference - Live Webcast

Comment viewing options