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Stocks Spike, Euro Tumbles As Draghi Jawbones Risk Higher Again
"The main message is ECB assets are set to expand as others contract," promises ECB's Mario Draghi, adding that "ABS buying is to begin shortly." Shrugging off any rumors of mutiny or lack of sovereign QE, the markets bought every stock market and risky bond with both hands and feet. EURUSD plunged under 1.24 - its lowest since August 2012 as peripheral bond spreads tumbled 10-15bps. US Treasury yields pushed higher and stocks knee-jerked higher. The USD index is now up 1% on the week.
The shine is coming off as reality hits
- *DRAGHI SAYS ECB WON'T BUY EU1 TRLN
EUR tumbles sending bond yields and stocks higher... for now
and plunging peripheral bond spreads...
and this is what happened to gold...
Charts: Bloomberg
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Exporting deflation, bitchez.
ABS = All Bull Shit?
We need a Wario Draghi to come stomp on this Mario
Blah, Blah, Blah...Algos set on search and rescue any and all equity indexes of the world - Explanations to follow.
What a farce. Germany won't play ball and Draghi is screwed. But the MSM keep giving him the benefit of the doubt. How long can this farce continue, especially with BOJ now buying 100% of JGB's?
how long? as long as it is... profitable. after all, the MSM you mention is not just giving him the benefit of the doubt, it is hearing what it wants to hear
I only disagree with "Germany won't play ball". it's not only Germany. this is another MSM meme, this "Reduction to Germany" or "Reduction to Merkel"
France and Italy are budgeting for a primary surplus. there is no need for QE, in the eurozone. there is no political will for it. it's anyway on the opposite side of the political capital spent for balanced budgets
it's all in the minds of MSM anchors that don't even know which currency Ireland uses, and even ask why
Umm...who don't even know that ireland is a separte country, actually. Another farce, but CNBS only has about 5 viewers left, so it makes no difference, The others are heading for the same fate...
"How long can this farce continue"
If I had a silver eagle for every time I read that question over the past 5 years I could retire comfortably, even at today's depressed prices.
And in Brussels there's a small demonstration with 120.000 people going on of people who want to go into dialog about the current economic growth
http://static2.hln.be/static/photo/2014/2/8/9/20141106145730/media_xll_7...
http://static2.hln.be/static/photo/2014/18/12/1/20141106150003/media_xll...
thank god the police is present...
http://twitter.com/Karst/status/530359014727876608/photo/1
there's a small vid in the live reporting:
http://www.hln.be/hln/nl/32162/Nationale-betoging/article/detail/2113200...
Good. I hope the protesters keep up the pressure and they don't waffle.
Thank you, Thank you very much. I'll be here till Tuesday. Try the Carbonadeflamandeor stooflees......
Nice pics SD, I wish them them well and maybe someday soon we will hear about 1,200,000 people demonstrating!!!
Im starting to like Belgians.
Totally nuts about that MP Laurent Lois.
http://www.youtube.com/watch?v=xKB9EzMBvw0
This is a guy with balls (hope he means what he says).
Yeah, but he speaks French.
You left the volume open?
Here kitty kitty kitty muppet muppet muppet. Uncle Goldman wants kitty muppet soup today.
Is it frog leg soup?
Nah, Uncle Goldman is too busy buying Gold, whilst of course recommending the Muppets to sell, sell, sell......
Only thing going to be expanding is Draghi's asshole, because his mouth is wore out...
NOthing happens gradually now. One snippet of information and a stock soars, a currency dives...
I remember when, back in the 90's, if the USD moved 0.5% in a day against any other major currency it was considered a major event and possibly the end of the world.
Now..........nuttin to see here, move along.
Or how about a DOW move of 2,000 points in a few weeks? Back in the 90's banksters would have been dropping like rain onto the sidewalk.
Now? 'Meh....just another day of central printing....nothing to see here.
"banksters would have been dropping like rain onto the sidewalk."
Give me a minute. I just got a little choked up when I read that. Thank you for the visual. You just made my morning.
I'm trying to figure out what the fuck is going on with the USD.
The cleanest dirty shit smeared fiat shirt in the currency basket.
For now.
The term "pilot induced oscillation" or PIO comes to mind at that observation
Where a pilot tries greater and greater stick movements to corrected for ever greater pitch-roll-yaw angles only to result in complete loss of control.
That's where we are now with the world economy thanks to all these fucking brilliant economic pilots instead of allowing the economy to self stabilize
And the only way to get out of a flat spin is to get the nose down..
Trouble is, we've lost all altitude to pull out in time!
That's a great analogy.
Ever new highs for stocks.
Year-End Wall Street bonuses will be huge.
Remain calm. All is well. Central Banks to the rescue...
FUBAR to Hell.
Kinda like, goes kinda like this
You take her right ankle out
You take her left ankle out
You get her belly propped down
You get her butt propped up
Yeah lookin' good now baby
I think you're in the right position now baby
Yeah but if you ain't quite ready I'll make sure everything is a little bit nicer 'cos
I'm gonna get a little talcum
I'm gonna borrow it from Malcolm
Yeah you look so good baby I'm startin to drool all over myself
I got the droolin', droolin', get all wet, salivate, salivate
I got salivate late, salivate late, salivate late
Got salivate, salivate, salivate, salivate, heh heh heh
Yeah you look so good baby, I like it, I like it, I like it
You know what I been talkin' about honey
It's a nice dance, we gotta a nice dance goin' here
Now what you gotta do, I'll tell you what you gotta do
You got to pretend your face is a Maserati
It's a Maserati
It's a Maserati
It's a gettin' hotty
It's a Maserati, Maserati, Maserati...
[/wango tango]
Thank God the U.S. elections will turn all of this madness around.
Thats how the elections are meant to be.
Any politicians who do not keep their word and not look after the interests of their constituents are voted out and a better person is voted in.
Until the absolute scum rises to the top,
Ok I get it now.
Trash Yen, trash Euro, next USD. Competitive trashing of currencies again.
There's going to be some good Christmas banker bonus trickle down this year. Nothing like getting trickled on just before you hit the holiday season.
Dupe..... stoopid internet.
Pick a little, talk a little, pick a little, talk a little,
Cheep cheep cheep, talk a lot, pick a little more
Pick a little, talk a little, pick a little, talk a little,
Cheep cheep cheep, talk a lot, pick a little more
Pick a little, talk a little, pick a little, talk a little,
Cheep cheep cheep cheep cheep cheep cheep cheep
Cheep cheep cheep cheep cheep cheep cheep cheep
Cheep cheep cheep cheep cheep cheep cheep cheep
Pick a little, talk a little, cheep!
Talk is "cheep" Mario. Shit or get off the pot already.
china has not devalued cny. strong us$ and weak oil price could benefit china the most.
Let this fucker crash, I want to use my preps
new normal
what a fucking sick world we live in.
weak growth is now what ''investors'' hope for, so there addiction can be fed.
also, another fucking day where ''investors'' do not dare take a penny off the table.
Nothing original in what I'm saying but funny how, with the ending of the (latest round of) QE how BoJ and ECB have gone all in (well, ECB jawboning as much as it ever has) - maybe they're afraid of something?
DavidC
Well done Mr. Draghi, keep fucking the poors, or at least promise the rich to fuck them hard! After all, they don't have to deal with riots and hunger while they keep rat racing. And don't forget to butcher the fat poors every now and then so the rich keep getting regular supplies for their banquets.
Until a couple of years ago, stocks, bonds, gold/silver, and oil were all rising. It is somewhat of a trick to see that now only stocks and bonds are rising. Eventually, though, as WTI stays below 80%, the correlations will change again and maybe not so good for the stock bulls.
Free markets and capitalism are the greatest enemies of the New World Order of bankster shyster M'Fers.
Neoliberalism is when Krugman pushes Draghi and Yellen to go up your FAFSA bitchez.
Obamacare Covers Foreign Diplomats - The Daily Beast
Obamacare has a loophole that allows foreign diplomats to receive healthcare subsidies, the House Ways and Means and Foreign Affairs Committees revealed Wednesday as they announced a joint investigation.
“According to the Department of Health and Human Services, foreign diplomats holding ‘A’ or ‘G’ visas are eligible to participate in an array of medical programs administered by the federal government, including participation in Health Insurance Marketplaces governed by the Affordable Care Act (ACA),” wrote chairmen Ed Royce and Dave Camp in a letter to to IRS Commissioner John Koskinen.