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FT Rejects Reuters Unsourced Trial Balloon About ECB Buying Corporate Bonds, Futures Refuse To Plunge
Precisely half an hour ago, we mocked the overnight Reuters trial balloon about ECB corporate bond buying, whose only purpose was to send futures higher, when not only did we question the credibility of the report based on "one person familiar with the work inside the ECB, speaking on condition of anonymity" and said that now "we await Germany to throw up all over what is a clear Reuters trial balloon floated by "one person familiar with the work inside the ECB, speaking on condition of anonymity" to see what the market reaction is to even more stimulus (as if it is unclear)." Well, it wasn't Germany. At least not yet. It was Reuters' competitor in the coverage of ECB rumors and innuendo, the FT, which moments ago blasted this, via Bloomberg:
- ECB SAID NOT TO HAVE PUT CORPORATE BOND BUYING ON AGENDA: FT
So just in case anyone forgot how credible the Reuters rumor mill is when bailing out European risk (think summer of 2011 and 2012), here is a stark reminder.
More from the FT:
The European Central Bank has not yet put the issue of buying corporate bonds on the agenda for its December policy meeting, according to two people familiar with the matter.
The euro weakened and shares rose in Italy, Spain and Germany jumped after Reuters reported two sources as saying that the policy making governing council could discuss the possibility of buying the assets at its final meeting of 2014, reports Claire Jones.
While corporate bond purchases are an option that policy makers have discussed in recent months, one of the people familiar with the matter said preparations for buying the debt have not intensified in recent weeks.
However, the person said corporate bond purchases are being considered, along with other ideas, as a possible means to extend the ECB's programme of private sector asset purchases - which at the moment are confined to asset-backed securities and covered bonds - should inflation and growth in the eurozone continue to disappoint.
Of course, in a normal world, the entire overnight ES gain would evaporate in seconds, even as the origianl "source" has long since sold out of their risk. In this centrally-planned market, however, the ramp will stick. Just because.
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Not only the CIA pays off reporters to doctor the news.
LMFAO at how desperate the politicos are now that they're seeing it all starting to fall apart!
It's not embarrassing at all. I bet these fucking nerds laugh their asses off every time they punk you reactionary asshole hairs!
Well......everyone knows the liars.....are a bunch of liars.
well this seems to have lit a fire under the PM's since a little after 8am. The charts are going mini-parabolic right now in paper silver and paper gold.
We should expect a swift reversal from the "Spike Protection Team" in 3....2.....1......monkey hammer time! lol
;-)
Fuck the "expirment" and all their well paid/bribed "journalists" all over the world.
I would call this article "confirmation" that corp bond buying IS on the agenda. Until it's denied, it's not confirmed. Now it's confirmed.
Pretty close to being official.
there is official and official.
Every once in a while I start to wonder if things are really OK. No more Ebola, calming Fed policy, stock futures up, again. Dems taking abeating (not anything to do with R/B Hegelian Dialectic, shit, but somebody has to pay for this shit show of incompetence) no war on the telly (thinking Walter Cronkite and evening news with dead soldiers and kids in 'Nam ... made those hot dogs seem less appetizing) Like everything Must Be OK All Right Uptight and Outasight. Then I wake up. And wish the world was like it was back in the '50's when all we worried about were the Rosenbergs under every rock, nuclear annihilation, roll duck and cover, Brusha brusha with the New Ipana it's so good for your teeth. But OhfuckingNo. Not today. Nope. Guess I'll take Mrs P to breakfast and maybe scrub some walls and baseboards for something constructive to do. That or yell at small children crossing the street without looking both ways.
More fiat games. Liars and their casino.
As if they didn't coordinate this information flow.
Yeah right.
I want to play in this game...why, exactly?
anything to get the algos glowing hot for some premarket profits...
Mario Draghi w/ a condom over the phone, doing a fake English accent ...
...and no sell off LOL
Man, this is getting hilarious. They don't need QE anymore. JB (JawBoning) is the new QE. And it fucking works.
Rig On.
Samson killed "heaps upon heaps of Philistines with the Jawbone of an ass"
The Central Banks will kill the entire planet with them.
Say... Now that sounds like a great strategy for the ME. Jawbones of asses. Plenty in DC.
Wait.....
.
You haven't learned the game yet?
Digits on computers otherwise known as financial markets are centrally commanded, this is why the world is abandoning the system and economy is miserable and will continue to get worse and worse.
World is abandoning USA and EU
They must be looking towards the State of ISIS now? ;)
Ok..then why is it taking so long ??
It is actually evolved too too fast since january this year
Who do you think will replace USA and EU?
Guatemala and the Western Union MoneyGram system?
Naah, their systems were also down last week when the markets hit a bit of turbulence.
And this week was the whole of motherfuckin' Bank of England!
No replacement.
We'll have war.
Pentagon will eventually subdue bank lobby. The process is underway anyway
Oh c'mon, you can pontificate. Its your hobby afterall.
Somebody has to win the war, no?
Dont be shy.
The most violent side wins
Who's got more guns?
Who?
You can name names.
Pentagon, Saudis
Bankers lose
World is abandoning USA and EU for Pentagon and Saudis?
Dont make sense bro.
World is abandoning USA and EU due to bank lobby running the show.
And there will be a war?
Who will be fighting on the Bank lobby's side and who on Pentagon/Saudi's side?
Bank lobby wants alliance with Iran
Pentagon+ Saudi will eliminate bank lobby and bomb Iran assets
They didn't want alliance with Iraq or Libya.
Whats so special about Iran?
What are you talking about, Libya? Who cares about Libya.
Bank lobby wants oil control away from pentagon and oil lobby. Saudis rejected them.
the war will come and be engaged when a whole generation of fucking mogolid kids raised with apple/somesongs technological lobotomizers gets the age of 60.
date expected : around 2040. i think generation of 1980 are the ones whom will press the button, just because it is at this generation there is no education anymore, TV replaced parents.
check childs of those 30-39 ppl... scary...
You may be correct. KO and MCD and IBM still shitting the bed and Dow Futures still green?? Wtf? They move Apple to the Dow overnight?
It seems Wall Street algos never grow tired from the (next) rumor blowjob.
..... girls gotta eat......
er I meant to say whores need love too???
Wheeeeeee! FREE MONEY 4 everyone! :D
Reminds me of how Iran used to boost the oil price by putting some guys in a Zodiac and zooming around the gulf. Everybody's very, very touchy.
Of course it would be the FT running cover. Remember this is the FT which hyped EMU to the clouds, argued for UK to take on the EURO, and has never written one editorial mea culpa on their disastrous judgement.
FT is the mouthpiece for ECB, its the house toilet paper.
ftsemib still UP 500 points IBEX up 250
Ft, owned by Pearson which is owned by Rothschild in disagreement with Reuters, another Rothschild owned enterprise. What is one to make of the world......
Actually, I believe Reuters. There was a recent podcast from LSE featuring a speaker from the IMF and in the very last part he said there were plans to free up liquidity in banks by having the ECB buy up securitized corporate loans directly from the banks. Look it up.
Downvotes because what I said is irrelevant or because we're shooting the messenger here?
Banksters don't like you....
Reuters = faked news for TPTB ??
Reuters: Not on my watch!
I'm using the word 'fucking' several times today, but fucking ridiculous.
DavidC
Another fucking stupid reason. All market moves are preordained (by roc's in MVt).
Students BTFD Draghi's goin up your FAFSA.
There is no plan B, LOL.