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Mario Draghi's "OMT Is Real, I Promise" ECB Press Conference - Live Feed
Update: And here it is - Draghi just said Russian sanctions could add to the "downside risk." Translation: all Putin's fault
With inflation tumbling, credit creation imploding, core European nations' economies floundering and the periphery re-collapsing, ECB's Draghi decided rates were negative enough and expressed no change in the statement which leaves just the press conference to jawbone the EUR lower, Bund yields even more negative, and explain why Portugal was a one-off... or admit OMT was make-believe.
- DRAGHI SEES DOWNSIDE RISKS TO ECONOMIC OUTLOOK
- DRAGHI SAYS RISKS INCLUDE GEOPOLITICAL, EMERGING-MARKET WOES
- DRAGHI SAYS HEIGHTENED GEOPOLITICAL RISKS COULD HURT GROWTH
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"inflation tumbling" - LMFAO! Yes, it's "tumbling" with respect to useless crap from china or anything that is NOT required for survival...
It is not decreasing as much as product sizes.
You're making me hungry for 3/4's of a "1/2 Gallon" of "Rocky Road" ice cream.
The new "Less Cholesterol!" - "Metric Dozen" of eggs coming soon, and the 96 ounce "Easier to carry!" - "Gallon'" of milk.
"success in budetary area"
He is either nuts, or one of the most dangerous people on the planet.
Why not both?
It's a pretend economy run by pretend press conferences, with make believe policies. Draghi is delusional. Time will label him as just plain stupid.
"OMT is real"... yes it is, what I found more interesting is that Draghi admitted that not only is it "real", it is in fact more QE...
Get rid of this Goldman parasite!
Let's see if I can kick this can one more time before the market finally calls bullshit.
The real risks are not Geopolitical they're just plain Political, all the problems stem from dumbfuck politicians, most of whom wouldn't last two minutes in a proper job.
"With inflation tumbling"
I suspect this is written Post 1975 definition of the word inflation.
It seems if we were to use pre 70's definition of inflation where it is described as the creation of money then we would be in DEEP SHEEEEEET right now
all the ecb acronyms are eurotarded. sterilization is a bitch, austerity is a bitch. the ecb is full of a bunch of lying cunts. draghi is a douche.
When will central bankers realize that giving cheap money to (unregulated) big banks doesn't help the overall economy?
Why would anyone ever think they don't realize it already?
Please stop playing along with the script.
"When will central bankers realize that giving cheap money to (unregulated) big banks doesn't help the overall economy?"
Same as asking "When will train robbers realize that robbing trains doesn't help anyone but train robbers?"...I think that they already know it, and plan to do more of it.
J
so this means I should buy more Netflix and Tesla?
"...HEIGHTENED GEOPOLITICAL RISKS COULD HURT GROWTH..."
Ya think? Are these bozos setting up the coming crash to be laid at the feet of Putin/Russia/China? How convenient.
http://olduvai.ca
Draghi: "The assessment of the present situation is volatile..."
WTF? Wait...he's going to blame Russia, or call for more austerity, or both.
He seems to be saying a whole lot of nothing so far.
Bernanke School of Bullshit alumni.
The only reason our farce looks like a farce, smells like a farce, feels like a farce, sounds like a farce, and tastes like a farce is that some people who haven't already had all their senses numbed by this farce won't play along and pretend it's not a farce.
Funny, he keeps using the term "Markets".
What markets?
It's code for "all you suckers out there."
till bankers start going to jail nothing will change!
till banker's heads start rolling nothing will change!
FIFY
I'm sure BES was Russia's fault too.
Teflon Barry: It's all the Republican's fault.
Draghi: It's all Russia's fault.
What will Yellen's excuse be?
It's all the deadbeats who don't pay their fiat loans back fault.
The great jawboner.
Duck Fraghi.
Early market reaction looksl like they ain't buy'n what this prick is selling.
Super Mario covering all bases. It's so coordinated it seems like a conspiracy!
Hookers and blow to boost GP a few tenths of a percentage point and Russian sanctions to cushion the gigantic slide.
Why isn't he in prison.
Perfect timing - engineered economic collapse to be blamed on Russia. As for the missing plane - what missing plane?