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Mario Draghi's ECB Press Conference - Live Feed
Dismally drifting towards deflation as credit creation is a long and distant thing of the past in the European Union, this morning's decision to hold rates unchanged leaves a lot of "whatever it takes" hope left for the press conference. Whether he will ease lending standards, cut haircuts, enable more securitization, push direct lending (there's no demand!), or "promise" open-ended QE - it's all on the table but we suspect it will be more talk and "whatever" he is doing so far is working... stocks are near record highs and bond yields record lows - which must mean Europe is fixed...
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Sure looks like he has a drahggie on.
He explains his logic here (spoof)!
http://www.youtube.com/watch?v=zV3UuMOfiaQ
I do not think these fools can do much more damage, just like QE and now taper. Its all done and cooked into this ugly pie.
Like walking into a trashed, evicted home. Well, it is what it is. Lock the doors and call the lawyers and insurance company. It is what it is.
What a drag.
I'm sure the words have been placed properly to send algobots on at least +1% buying spree.
For now on, Tylers need to use Mario from Nintendo for pics when they have articles on Draghi.
Like what banzi has goin. That's good satire.
Looks evil and needs fiber