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The Real Reason Draghi Will Do "Whatever It Takes" To Crush The Euro
In November we showed a chart showing the yawning chasm of exuberant faith-in-Draghi hope that was 2013-to-2014 earnings growth expectations in Europe. At the time we remarked - now prophetically - how it would seem Draghi's "whatever it takes" confidence-inspiring orgy of European asset-buying had driven the EUR almost 20% higher from the 2012 crisis lows... and in the meantime had crushed European competitiveness. The hockey-stock hope at the end of 2013 has not materialized - surprise - in fact earnings growth expectations have utterly collapsed in the last 2 months... time for a "whatever it takes" to weaken the EUR jawboning soon (all without the aid of a fallacious and Treaty-busting OMT).
Here is the hockey-stick of European earnings growth hope/hype from the end of 2013... (the green arrow shows the gap between reality and future hope for 2013 and 2014)...
Fast forward 5 months and this is what that black line has become!!!! Earnings growth has collapsed...
h/t @Not_Jim_Cramer
"Whatever it takes" might just have to morph into "Just sell it all"
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Hahaahhaahahahahaaaa. No comment
Don’t fight the Fed.
They want the dollar destroyed moar.
cant wait to hear from my favorite politician from across the pond, mr farage, on the EU's plans.
Tyler is dead wrong on the reasoning here.
The loss of earnings was not the result of a strengthening currency. This is Keynesian hogwash
Europe is toast be better off if Putin invaded
Europe is the future of the ongoing paradigm shift.
Pax Americana has lost so much credibiility in the last year than the EU, on its own, ever has.
The us is the next slice out of the toaster
I like your avatar u still there?
normally, i don't respond to a seemingly innocent question with a question, but i'm really curious...
did you create an account a few days back just to ask me that question?
;-)
unless you actually invest in shares1, why care about EPS growth?
~~~~~~~~~~~~~~~~
1who does that anymore? machines have it all under control...
Tyler is dead wrong on the reasoning here.
The loss of earnings was not the result of a strengthening currency. This is Keynesian hogwash
Draghi needs to ring up IMF to circulate the SDR currency money laundering scam. Let me show you how it works.
SDRs per Currency unit and Currency units per SDR last five days.
Skimming money 24/7 on behalf of the Central Banking members,
View all things through the prism of oil.
If the ECB printed the Euro down, Russia gets less value for its oil and gas from Europe.
Maybe it's not the Bundesbank that has instructed Draghi to talk all he wants, but print not a single Euro.
Or inverted, if Draghi prints the Euro down and the oil is priced in dollars, the Russian oil costs the EU more Euros.
It's always about oil Not anything else. Oil would require more Euros from Europe if they fall vs the USD.
I've got your Euro. I've got it hanging between my legs. Bitches.
Long Bancor/USD
Tyler is dead wrong on the reasoning here.
The loss of earnings was not the result of a strengthening currency. This is Keynesian hogwash
How many times are you going to post that?
FUCK THE EU!
europe is like looking through pictures of 80 year old former beauty queens......
old, but... ugly....
:^)
Hey man, like, you know....that's just your opinion, man.
14%, or 2.5%....doesn' really matter. The Draghi abides.
Long jawboning, short stocks.
I don't care how cheap a Puegot gets, I'll never buy one.
If it helps lower the price of my favorite wine, Proximo "Rioja" I'll be happy.
But fuck Draghi and the EU either way, fucking wankers, fucking bastard Cousin's of the FED wastrals.
https://www.danmurphys.com.au/product/DM_355668/marqu-s-de-riscal-pr-ximo-rioja
But look, it's getting LESS BAD even as it gets worse ...
BUY BUY BUY!
And Super Mario thinks that sanctions on Russia will work until Europe starts paying higher natural gas prices.Oh,the price to pay in order to keep the Americans happy.Remember the swap lines with the Fed.Ya,that's right,The Fed is helping to hold up European Banks.Money talks so you'll have to build in higher energy costs to stay competitive?Ya right,there's that nagging little problem of energy security and the gas pipelines coming through the Ukraine.Talk to the IMF Mario and cget them all to cough up some billions for Russia first.
Russia has the ability to choke the Euro-zone economy. They should not poke the bear.
The games central bankers are playing in supporting their and other currencies has reached a dangerous level, we may be in the "red zone". Currencies are important chips in the commerce of government and the business of running a country. History has shown that in the past both leaders and governments have fallen with the demise of their coin. The article below delves into why this is a dangerous game.
http://brucewilds.blogspot.com/2013/01/currencies-games-in-danger-zone.html
Peter vlemmix EUROMANIA
may 2014
A FILMMAKER ON A SEARCH TO UNCOVER THE EUROPEAN UNION:
IMDB: http://www.imdb.com/title/tt3037906/
Does Europe provide jobs and democracy, or is it a big business project? A deeply personal and revealing documentary from the creators of the 2012 hit Panopticon. EUROMANIA shows what is happening to people and countries all over Europe.
https://www.youtube.com/watch?v=cO4Ayo4mYZg
Yellen will just pring more $$ to prop it up. She can print faster than he can destroy the EU. The race to the bottom is here. It is of the utmost importance that we maintain the talking heads spouting gibberish about how well the recovery is going. This works great if you're in the upper 50%. Half of the lower 50% are maintained with entitlements and "free" cell phones. The middle class. . . well not so much. Bread and circus folks. has worked for hundreds of years. Until the middle class take up arms and start hanging bankers on the nearest lamp post.
Draghi is a mouthpiece. Not capable of saving or destroying the Euro and its Union. Merkel has held it together while others excluding Britain have continued to leach. If Merkel withdrew it would, at that moment, collapse.
MERKEL holds the key, not Drughi! (That's not a misspelling)
Merkel's strength is conditioned by her country's export model based on Rhine capitalism; the marriage between family Oligarchy companies and big banks à la Deutsche.
Unfortunately for Germany the Anglo- saxon debt financed "Market" model has polluted world finance.
And all type of capitalism (the french, aka Colbertist and "without capital" capitalism, as per pre CAC 40 days, --now 50% owned by US pension funds, the German Rhine/BAvarian style capitalism, as the global US market style, now sold, over sold to the third world, and hyper derivative polluted, are all fragile due to capitalism's cancerous morph.
So Merkel is not immune to the spider's web disintegration anymore. She lives and dies as does everybody else by the web the Banksta-squid cabal has spun.
When Oligarchy spiders fall out the fight to avoid sinking to bottom is awesome.
And Spiders can't just FLY away like flies from their rotten web.
When Oligarchy thieves fall out the only logic left is currency wars and then : Protectionism.
Shades of 1930.
By protectionism, you mean protecting the real productive ones from the global banking and industry oligarchs?
I noticed you defending the undemocratic EU and the destruction of sovereign nations in other posts.
So this post of you, warning for the "evil" protectionism and therefore against the ability of nations to make it's own laws and tax multinationals is just another propaganda technique to promote your agenda.
Do you get payed for this fear-mongering? --> http://www.telegraph.co.uk/news/worldnews/europe/eu/9845442/EU-to-set-up...
If not, educate yourself and watch this new crowd-funded documentary from Peter Vlemmix: EUROMANIA 2014
(crowd funded, as in for the people, by the people = real democracy+free market)
Does Europe provide jobs and democracy, or is it a big business project? A deeply personal and revealing documentary from the creators of the 2012 hit Panopticon. EUROMANIA shows what is happening to people and countries all over Europe.
Watch here: http://www.youtube.com/watch?v=cO4Ayo4mYZg
Look at the results of the opposite of protectionism: NAFTA
Ron Paul: Oppose Free Trade Agreements | NAFTA, Trans-Pacific Partnership, TTIP: http://www.youtube.com/watch?v=OFLRuMHAK_wThe year NAFTA was ratified, America had a $1 billion trade surplus with Mexico. By 1995, America had a $16 billion trade deficit with Mexico. Today, America's trade deficit with Mexico is $74 billion. The facts in the chart make President Clinton, Vice President Gore and all the newspaper editors who wrote editorials supporting NAFTA look like complete idiots or worse. Ross Perot was absolutely right even though he was not effective in the debate. Again, no matter what your views are on NAFTA, the chart (link below) speaks for itself.
Also, this video is significant because it documents how NAFTA was sold to America by its elected leaders. In hindsight, some of the most ridiculous statements I heard from the debate was from Vice President Al Gore:
1) "They [GM] have started to move jobs back from Mexico to the United States."
2) "If he [Ross Perot] is right, then you give six months notice and you're out of it [NAFTA]."
Lessons learned: Any time your government tries to sell you on a free trade deal with another country that has disparate living and environmental standards, don't believe it. President Bill Clinton also made similar claims about free trade with Communist China when he signed a free trade agreement with that country in 1999. Today, the US has lost countless jobs to Communist China and suffers a staggering and unsustainable $250 billion annual trade deficit with that country.
The Ross Perot - Al Gore debate on NAFTA in 1993, I think it is now clear who was right: http://www.youtube.com/watch?v=GhwhMXOxHTg
Free trade agreements bypassing democracy: http://www.globalresearch.ca/free-trade-agreements-the-bypassing-of-demo...
I trust Mr. Draghi !!!!!!!!!!!
He can not do wonders but I'm somehow sure that he is doing "whatever he can" to defend the Euro, which means at the same time he is defending the capital and the savings of the broad Euroland population. In my opinion Euroland is very lucky to have him as president of the ECB. Thank you Mr. Draghi !
Read what he said in October 2013 where he explained his general idea about the future of the Euro and the European banking system.
During his address, Mr. Draghi discussed how Europe is undergoing a process of fundamental reform and fiscal sustainability. He enumerated his main goals — to enhance international competitiveness, improve job growth and focus on longer-term responsibilities — and explained Europe’s current monetary policy, which is focused on establishing price stability, assuaging fears of a breakup of the Eurozone, and having key interest rates remain stable or drop slightly. Overall, the policy stance is toward providing support to economic recovery, he said.
Mr. Draghi also highlighted a three-pronged strategy for European recovery:
He pointed out that the European Union’s fiscal rules were not properly enforced for the time period of 2000 to 2007, and that no mechanisms were implemented to correct the fiscal imbalances. European policymakers are addressing these issues by developing a new macroeconomic procedure, Mr. Draghi said. This procedure aims to tackle sources for financial instability and implement policies to help sustain long-term growth.
Finally, Mr. Draghi emphasized that there are two main objectives to mitigate future risks, which include creating full transparency and aligning investment incentives with the benefit of society —
http://www.gabelliconnect.com/draghi-gabelli
Banking Union Time Bomb: Eurocrats Authorize Bailouts AND Bail-In The Bank Guarantee That Bankrupted Irelandhttp://ellenbrown.com/2013/11/02/ireland-ground-zero-for-the-austerity-d...
This is of course the whole idea behind. There are too many banks speculating with too much money. So banks have to go bankrupt and every investor or depositor is well advised to stay away from banking giants which might have big risk hidden deep inside their paper work. Small and transparent banks are beautiful, big and intransparent ones have to be avoided like the pest.
It was an abnormality that the government was backing the banks. The public became unaware of the risk but now the banking reform in Euroland is taking away this idiotic idea that the government backed cenbtral bank is the lender of last resort. This fetish of the lender of last resort is the base of the cancer in the banking system. It needs to be erased.
Why work in Europe when you can get a note from a doctor to claim stress and then go on a vacation, oops, I mean leave until you are better.