This page has been archived and commenting is disabled.

ECB's Nowotny Slams Door Shut

Tyler Durden's picture




 

As Deutsche Bank suggested earlier, the ECB needs a market plunge to justify an intervention. Hence, here is the ECB's very own Jens Nowotny doing all he can do to precipitate a, you go it, market plunge:

  • NOWOTNY FEARS MERKEL/SARKOZY PROGRAM WON'T BE ENOUGH
  • NOWOTNY SAYS EUROPE CAN SOLVE CRISIS ITSELF
  • NOWOTNY SAYS NOT NECESSARY THAT USA `HELP OUT' EUROPE
  • NOWOTNY SAYS SMP CAN'T BE COMPARED TO FED, BOE PROGRAMS
  • NOWOTNY SAYS SMP HAS TIME LIMIT
  • NOWOTNY: DEBT CRISIS MUST NOT BECOME BANKING CRISIS AGAIN

For anyone who ignored the DB post earlier, we urge you reread it...

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Mon, 12/05/2011 - 15:11 | 1947594 GeneMarchbanks
GeneMarchbanks's picture

'NOWOTNY: DEBT CRISIS MUST NOT BECOME BANKING CRISIS AGAIN'

He just went fulltard... you never go...

zEurocrats love comin' out with the bullshit after their market is closed.

Mon, 12/05/2011 - 15:26 | 1947695 vast-dom
vast-dom's picture

ERGO SP IN CAHOOTS TO DOWNGRADE ESSENTIALLY EUROZONE! THIS SHIT IS SO TRANSPARENT!

Mon, 12/05/2011 - 15:30 | 1947719 GeneMarchbanks
GeneMarchbanks's picture

+1 for the word 'cahoots'

Mon, 12/05/2011 - 15:31 | 1947726 vast-dom
vast-dom's picture

I don't fuck around Gene and I always rock it country simple ;)

Mon, 12/05/2011 - 16:10 | 1947908 LeBalance
LeBalance's picture

leaders have been selected by inverse ability scores and the less apt the closer their fingers are to the big red button.

Mon, 12/05/2011 - 15:12 | 1947603 molecool
molecool's picture

I am so sick of this fucking soap opera.

Mon, 12/05/2011 - 15:14 | 1947620 Comay Mierda
Comay Mierda's picture

get used to it, we haven't even seen the intermission

Mon, 12/05/2011 - 15:21 | 1947667 Golden Boy
Golden Boy's picture

Yeah, I agree, those Germans are a bunch of prima donas. Especially those who criticize ZH but still come here for the news... : )

Mon, 12/05/2011 - 15:12 | 1947605 Cdad
Cdad's picture

Who cares?  The BlowHorn [CNBC] has much more shopping stories planned for this week's non value added broadcasting hours.

Mon, 12/05/2011 - 15:13 | 1947610 Deadpool
Deadpool's picture

same is true in the states. no plunge = no need for action. merry Christmas.

Mon, 12/05/2011 - 15:15 | 1947625 Cdad
Cdad's picture

Look at that WTI chart!  Well, well...just as Europe is NOT fixed again, apparently the Middle East thing is all better now.

So let the greater American Depression roll on and on, with the Criminal Syndicate known as Wall Street destroying the value of the average American's largest investment, while simultaneously driving the up price of everything Average Joe consumes with Bernanke Bucks.

Tired of it yet, America?

Mon, 12/05/2011 - 15:22 | 1947674 AldoHux_IV
AldoHux_IV's picture

The new Hitler has emerged and his name is central planner.

Mon, 12/05/2011 - 15:23 | 1947679 chump666
chump666's picture

correct

Mon, 12/05/2011 - 15:25 | 1947687 distopiandreamboy
distopiandreamboy's picture

Nowotny needs a bank to fail before it can turn the printers on full. Let's see which ones are closest...

Mon, 12/05/2011 - 15:25 | 1947693 Dick Darlington
Dick Darlington's picture

How's the bribery investigations going Mr Ewald "Fraud" Nowotny? Seriously, how's it possible that the worst kind of bottomfeeders all end up at central banks?

Mon, 12/05/2011 - 15:29 | 1947715 GeneMarchbanks
GeneMarchbanks's picture

No coincidence there, Dick.

Mon, 12/05/2011 - 15:32 | 1947737 DutchR
DutchR's picture

And in a galaxy far far away humanoids are having real trouble and really really could need some help....

 

 

When was X-mas again ?

Mon, 12/05/2011 - 15:41 | 1947783 nyse
nyse's picture

Until there is something with some actual teeth (i.e., IMF Loan), this is simply more posturing.

Mon, 12/05/2011 - 16:25 | 1947876 Peter K
Peter K's picture

Just when you thought you were getting spoofed, the price is real:) Go figure?

Or could this be a double spoof?

Either I'm confused, or these Euro muppets are playing Russian Roulette with fully loaded chambers:)

Mon, 12/05/2011 - 16:37 | 1948050 I am a Man I am...
I am a Man I am Forty's picture

They sure are rolling the dice, considering if the market plunges they will be insolvent, if they aren't already.

Tue, 12/06/2011 - 05:09 | 1950199 bank guy in Brussels
bank guy in Brussels's picture

Funny boo-boo in Tyler's article, which refers to « the ECB's own Jens Nowotny », a man who is actually not part of the ECB.

Jens Nowotny is a retired football player. (Soccer player, for the Americans.) Footballer Jens Nowotny may have a quite different opinion of all this.

However, the General Council of the European Central Bank, does include Ewald Nowotny from Austria, and Jens Weidmann from Germany.

http://www.ecb.int/ecb/orga/decisions/genc/html/index.en.html

 

Do NOT follow this link or you will be banned from the site!