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EUR Soars Then Plunges On ECB Inactivity But Promise Of Future Activity
- Having voiced his "serious concern" about a strong foreign exchange rate and low inflation, Mario Draghi came over the top with yet another resounding promise of action...
- *DRAGHI SAYS ECB IS COMFORTABLE WITH ACTING IN JUNE IF NEEDED
This was enough to send the EUR tumbling down from near 1.40 levels (which it hit as traders saw no actual actions) and spark a renaissance in risk-on assets... always the promises... The question - of course - is how long the half-life of this jawbone lasts?
In Summary: Draghi: We'll keep delaying actually doing anything "whatever it takes"
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Algos Gone Wild!
Dollar index (DXY) fucking EXploding now!
http://www.marketwatch.com/investing/index/DXY/charts?symb=DXY&countryco...
Agggghhhh!!
Looks like a dollar kick save and it's a beauty
And there is your answer to why gold, silver, etc..
The math works out like this. THey need to double the credit/debt/money supply stat.
How creative they get is anyone's guess.
Intervention much?
/My time. It is coming.
Competitive devaluation is all the rage.
How many stops got obliterated with that ugly move?
100% manipulated markets. Total farce.
Oh wait, another team is on side to enter the HFT arena to fill the largely empty defense side, the refs have conferred and are allowing it.
The raspberry ant! First detected in a data centers in 2007, techs noted that 'a billion tiny little ants' were attracted to the large power source in a gigantic data center in the US south. They moved in, then ate all the systems to dust. Literally capable of forming power trunks themselves in a thick cord of ants, they team up to act as both the ground, insulation and electronic eating machines. Plus accidental create power arcs where there were none.
http://www.neatorama.com/2008/05/16/crazy-raspberry-ants-eat-electronics/
http://www.huffingtonpost.com/2008/05/14/ants-invade-houston-eat-c_n_101...
http://www.forbes.com/sites/jeffmcmahon/2011/05/30/how-to-battle-ants-wi...
http://www.slashgear.com/gadget-eating-crazy-ants-causing-millions-in-da...
http://www.redorbit.com/news/science/1112870238/electronics-eating-crazy...
Thanks to the spread of large power hungry data centers combined with summer coming!! ...which means explosive breeding of these impossible to remove pests should be starting about....ummm...now.
Protip: If they get in a data center, just burn it down, you'll never get rid of them. Plus like everything else that breeds faster than people, it's been slightly mutated thanks to the increased back ground radiation, therefore more fun.
Game on.
Kick the waffle.
Or more like narfle the garthok.
Exactly. I'm sorry but more fucking mouth and no fucking trousers...."We might, we will, we won't, we might..."
Pathetic, absolutely pathetic.
DavidC
central bankers make me queasy
Based on his "whatever it takes" comment driving Spanish yields from 8% to below 3% I am going to guess he just bought himself at least a decade.
I wonder what the real picture on the ground in europe is. Do they too have real negative rates, or do they have real deflation? Their housing prices should be cratering but the data seen here doesnt support it. But neither does our data....
Yes, it's all bullshit. QE is desparation (technical default) but QE is actually less destructive compared to ZIRP or NIRP. Pay less attention to the magician's hand, watch what the assitant is doing. The "bait and switch" capital destruction/mis-allocation continues.
The plan is to in fact destroy the world and transfer even more wealth to a relative few so that they can maintain power and control of real resources, including the human kind.
Same as it ever was.
Price Sta-bil-a-tee!!! What a joke.
Stop the planet - I want off.
Left out the Ass part Tyler.
Jesus, how much hair is on it?
@ThorstenPolleit: "June came and the hay was almost ready for cutting." Orwell, Animal Farm.
Da BIS and ESF are in da house!
and that comment was all it took to pop the dollar up comfortably over 79. Well, time to find something else to do today....
Everybody else just see what happened to DXY ?
I don't believe any indices anymore. They are all
manipulated BS.
The matrix is now in full control.
Yes someobdy saw what you saw with the DXY and that ball shocking mechanism they have tied onto Draghi's balls went off and he yelled "QE in June". The market adusted and that was that. Same as it ever was.
Yes, QE in June (so Brussels can buy the shit out of western debt, all western debt).
I'm seeing another pattern emerging here.
The euro is about to perform hari kiri here.
The PBoC are not going to be happy.The German electorate
either with elections in a fortnight.
A planned demolition of the EU, if Putin will not oblige.
All fiat is being detonated. The issue of who has title to what assets is all that matters. Brussels making all kinds of claims in that regard, but through the U.N.
The oligarchs can destroy the E.U. and even the U.S.S.A., but at all costs they must make sure the U.N., N.A.T.O., and the central banking system holds.
But yes, for everything else (including CONgress), once again I see that sheriff's hostage scene from "Blazing Saddles".
Ho Li Fuk! Is that even possible? Exactly who did what between 8:31 a.m. and 8:56 a.m.? Is there a protocol or something?
Draghi sharted out that they might intervene...read....fuck around some more
The matrix is in control thats why all you can do is stack and prep.
ooooohhhhh noooooo, we're sinking...hurrry up and print 1TT EUR to devalue that biatch....long live PONZI!
The Euro being "too strong" is not a problem for the oligarchs behind the "one world" (one owner) agenda.
For all the peasants, it might be...
Hedge accordingly.
Euro Weekly has been incrementing up for some time against the USD.
http://bullandbearmash.com/chart/euro-weekly-remains-consolidated-expect...
USD has another turn down (Euro up) before trend reversal.
Creating a European Army to protect Europe from mean-old-Vlad will provide lots of generous armaments contracts to stimulate Europe.
And that is even WITHOUT a Euro QE.
That is funny becuase the Ukraine manfacturers a lot of weapons...who ya gonna call
Look at the size of the reverse REPOs all week. You wonder why the usd is hammered into oblivion. How much of that $200 billion per day do you think is being converted into euros for the ponzi bond market.
http://www.newyorkfed.org/markets/omo/dmm/temp.cfm?SHOWMORE=TRUE
The European banks have (3) times the debt that us banks do and have never been recapitalized. Additionally they have very little collateral to pledge for any substancial LTRO or other other borrowing for collateral scheme. Draghi can only print if he wants to save the European banking system and devalue the euro.
^^^^this, coupled with a real plan to detonate all fiat eventually. The sociopaths are begining to reveal themselves and their true motives.
The insanity of this all should be obvious to everyone at this point.
"It hasn't worked, so we must do more!"
Please. Its called running the stops.
yup