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Mario Draghi's ECB Press Conference - Live Feed

Tyler Durden's picture




 

So far, no good. No rate cut (and thus no negative rates); no unsterilized QE; no new LTRO; and no new Italian handouts... With his monetary nightmare growing darker every day, we are sure the man himself will manage to jawbone forward guidance even more forward-er and keep the dream alive that he'll do whatever it takes when it really matters... Get back to work Mr. Draghi

The transmission mechanism is entirely broken and the Keynesian dream is over...

 

 

and for those looking for the culprits for Europe's lending freeze, look no further than Italy...

... and, of course, a "recovering" Spain:

 

Live ECB Feed

 

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Thu, 02/06/2014 - 09:32 | 4407413 negative rates
negative rates's picture

That's what happens when VW leads the way.

Thu, 02/06/2014 - 09:39 | 4407434 GetZeeGold
GetZeeGold's picture

 

 

Put a VW in my bling bag and I'll show up.....otherwise I'll not be attending the conference.

 

I'm shocked anyone would show up at this point.

Thu, 02/06/2014 - 09:41 | 4407454 knukles
knukles's picture

Kudos!
He is taking the single most effective, professional, erudite, intellectual approach to the problem possible.
A page out of Dear Leader's Cloward Piven Community Organization Skills Manual and Messianic Guide.....

  .... talk

Talk talk talk talk talk atlka talk atlka yak yak yak yak yak ak ak ak ak ak ak ak ghlak ak ak ak ak ak ak ak ghak ghak ak ak

Thu, 02/06/2014 - 09:33 | 4407425 101 years and c...
101 years and counting's picture

vix is telling you this time there is no magical stock rebound.  the plunge will continue shortly.

Thu, 02/06/2014 - 09:42 | 4407449 Dr. Engali
Dr. Engali's picture

Debt saturation and zombie banks are a bitch in a fractional reserve system.

Thu, 02/06/2014 - 09:45 | 4407458 knukles
knukles's picture

But we'll talk 'em back to health; promises, clear skies, butterflies, bunny rabbits, ponies and rainbow colored unicorns squeezing 24k Skittle shits.

All's well that ends....

Thu, 02/06/2014 - 09:45 | 4407461 101 years and c...
101 years and counting's picture

i'm still waiting for Germany to rule the magical OMT is unconstitutional and for everything to go bidless.

Thu, 02/06/2014 - 09:55 | 4407492 knukles
knukles's picture

Damn!

Good catch!
I'd forgotten about that one.
Apparently, so too have the German courts.....

Thu, 02/06/2014 - 09:50 | 4407482 spanish inquisition
spanish inquisition's picture

"We have cooked the books so the banks are looking improved, to increase confidence in economy, keep inflation is under control and show improving the jobs outlook. We will continue to make changes in reported economic metrics and figures to improve moral in our leadership.  We will contiunue to promise magical interventions with no structure or basis in fact when needed, I think you call it "boning in the jaw".

Thu, 02/06/2014 - 10:01 | 4407503 Flying Spaniard
Flying Spaniard's picture

Are you kiddin me... the solution is to stick your head under the sand?

 

Monetary policy 2.0

Thu, 02/06/2014 - 10:31 | 4407589 Ban KKiller
Ban KKiller's picture

Well the Banksters prefer a daisy chain with their heads up each other's butts. But they KNOW some one is going to break wind very soon...so sand still keeps them sort of hidden. 

Thu, 02/06/2014 - 12:29 | 4407963 no more banksters
no more banksters's picture

they must be joking:

Dutch Bankers Swear to God as Trust in Lenders Slumps!

http://www.bloomberg.com/news/2014-02-05/dutch-bankers-swear-to-god-as-t...

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