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This Was Not Supposed To Happen
As Mario Draghi unleashes his trillion euro bond buying program - aimed from what we are told, at lowering risk premia in credit markets to stimulate the eurozone's economy from utter stagnation - things are not going according to plan. Away from Greece, peripheral bond spreads are all up 8bps on the day and stock indices are mixed on this first day of DOMO (Draghi Open Market Operations) Of course, the other reason for Q€ is to implicitly (because one would never explicitly admit to joining the currency wars) devalue the currency - thus improving competitiveness and exports for the EU; but that's not working out so well as Germany's exports dropped and missed by the most since August... this was not supposed to happen.
European Sovereign Bond risk surges...
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None of this should be a surprise - remember what happened the last time the ECB bought sovereign bonds...
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and then there is Q€ will lower the Euro and improve EU competitiveness... Nope!!
None of this was supposed to happen... the textbooks said...
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Fuck you Draghi.
Is it possible that German exports fell because of global recession and has nothing to do with ECB?
Right now I'm having amnesia and deja vu at the same time.
Steven Wright
Mr Draghi knows very well what he's doing
They (central banksters) always claim to "know what they're doing", they just have no fucking clue what the outcome will be.
like the eurogroup meeting - too many contradicting statements - all totally authoritative 'course - looks like a highly unstable mix - expect the unexpected l8r today!
The outcome is that wealth will be given to the rich. That's the plan. They aren't bothered about unemployment, exports, imports or anything but getting as much "money" into the hands of the few as possible.
When you judge them by this it's clear they know full well what they're doing and what the outcome will be.
Just more proof that world leaders have lost control
leaders is probably the wrong word. I go with megalomaniacs.
I like douchetards.
They aren't leaders in the normal sense of the word, but probably more like a pack of wolves herding multiple flocks of sheep.
LOL!!!
Yeah, but this time is different...
I can't come back, I don't know how it works:
https://www.youtube.com/watch?v=0hFa3YHXozA
DOMO: Draghi's Overcomplicating My Oscillators
no way. you mean bankers front run the ECB and will now sell to the ECB at extremley bloated prices, leaving the ECB and all EURO peasants on the hook for the ECB's losses? whocouldathunkit???
Agreed. They screwed up on the centrally planned timing a little. Get a good bid stack going before unleashing the offers next time, Draghi.
If you want to be a respected central planner it's all about the corrdination. The plebes aren't supposed to be able to see the seams and edges of what you're doing.
Why are the elites so fucking stupid? They seem to have compltetely failed to comprehend that it is the "little people" who actually BUY the crap that makes them all rich!!! So, when the "little people" can't find jobs, and run out of money, they actually stop buying said profit generating crap. The elites just can't figure that "out of money" thing out it appears. They have no experience in that particular arena, and just don't get it. Now, sadly, the very brightest of them (equivalent to a 1/2 watt light bulb) are beginning to put their raging ignorance on display for all to see, by thinking they can protect themselves from the sheeple by building well stocked fortresses to ride out the coming "storm" in. I just want to thank them in advance for providing us with the much needed supplies, for our survival, and their wives and daughters, for our entertainment.
Mmmmmmm.....bankster. It's whats for dinner!
Douchebag farmers are worse than the banksters:
http://davidstockmanscontracorner.com/they-did-it-again-cost-of-new-farm-subsidies-soaring/
We have not yet seen from official sources any detailed and / or credible reports about the impact of sanctions against Russia on German export or GDP. The political statement in 2014 was that impact would be neglegible. Sanctions need time to take their toll and maybe we are now seeing the first effects from sanctions against Russia on German exports. I presume the German government is hoping that the likely significant negative impact will be mediated in 2015 by more car exports because of EURO devaluation and low oil prices. This very mechanical view may proof to be incorrect and in such case we would likely see a significant downturn by the end of 2015 or first quarter 2016 thanks to sanctions that have already proven to be extremely damaging for the economy in Italy and Greece
Need to call in Bernanke to show them how it is done?
Smoke bombs and a couple of mirrors can be purchased in a number of places around the world.
We have not yet seen from official sources any detailed and / or credible reports about the impact of sanctions against Russia on German export or GDP. The political statement in 2014 was that impact would be neglegible. Sanctions need time to take their toll and maybe we are now seeing the first effects from sanctions against Russia on German exports. I presume the German government is hoping that the likely significant negative impact will be mediated in 2015 by more car exports because of EURO devaluation and low oil prices. This very mechanical view may proof to be incorrect and in such case we would likely see a significant downturn by the end of 2015 or first quarter 2016 thanks to sanctions that have already proven to be extremely damaging for the economy in Italy and Greece
BRILLIANT!! Its a whole new paradigm!
Hobbled Ofay Marquessa Obfuscation
Well what do you expect - all DOMO crap is made in PRC and has a lifespan of 14 microseconds.
(Belg joke really)
Dat sanction!
Draghi should have asked our community organizer for some of his brilliant economic ideas....