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It's Official: Stark Is Gone
9 September 2011 - Jürgen Stark resigns from his position
Today, Jürgen Stark, Member of the Executive Board and Governing Council of the European Central Bank (ECB), informed President Jean-Claude Trichet that, for personal reasons, he will resign from his position prior to the end of his term of office on 31 May 2014. Mr Stark will stay on in his current position until a successor is appointed, which, according to the appointment procedure, will be by the end of this year. He has been a Member of the Executive Board and Governing Council since 1 June 2006.
Having been informed by Jürgen Stark of his decision to resign for personal reasons, President Jean-Claude Trichet thanks him wholeheartedly for his outstanding contribution to European unity over many years. Having worked with Jürgen Stark for almost 20 years, he expresses particular gratitude for his exceptional and unwavering dedication as a member of the Executive Board and Governing Council for more than five years.
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What, no hotel maid?
The Bloomberg anchors are rambling and trying to figure out what it means, rather amusing to watch. This one fruitcake is wearing a baby blue dress shirt with a pink tie. What a vag!
Stark has his gonads in both hands, no time for a hotel maid. Besides, she might be hiding a pitchfork.
Meanwhile, on the other side of the atlantic:
From Paul Krugman:
Accomodation, bitchez!
Is he still hoping for an Alien Invasion from Space?
Yeh he grew his hair long, started dropping acid and praying to his space brothers on Comet Elenin to come down to earth and resurrect John Maynard Keynes.
Krugman must LOVE Fukushima. Nuclear meltdown that will continue for 40 years. 40 years of construction workers and cleanup crews bitchez. Each worker can spend maybe 1 hour of their life in the region then have to leave permanently. Or maybe if they stay and die, more people like undertakers will have jobs.
(P.S. not sure why Japan's GDP is down... uhmm..uhhnnn..duhhhh)
He's hoping that there is somebody out there who doesn't realize he's a total idiot and menace to society.
This is one asshole I will never forgive. By the way, wasn't he saying there is "no inflation," and the price increases we are seeing are due to the BRICs consuming more? Is this his underhanded way of admitting that central bank policy leads to inflation?
interesting he says that, cos British inflation hit 4% and they aren't doing fuckall about it. so where's the 'hair on fire' economists at the bank of england?
5% is the magic number, righ tnow it's just smoldering in their hair.
According to the MIT CPI study isn't inflation running at four percent? SoooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooIs there a doubt that any central banker worth their salt would be reacting strongly to fight this high inflation rate?
inflation is running at 9% depending on how you measure it... deflation policy bitchez!
A guy I worked with wore a bright pink tie with pastel colors all the time.
He said he was secure in his masculinity, but everybody else called him a fag.
I miss the days of the non-PC work environment.
I think just about any Police Department in Texas would still run a non-PC environment. Check it out.
You miss the days of being able to openly demean people and force them to accept it because you're in a different group that has a somewhat protected status because you're not one of them...?
Yeah, I bet you miss slavery too.
Agreed. Sad people really.
He chose a more lucrative career since he knew what was coming. He bought a printing company..................................
Notice how the German Hawks are getting picked off one by one. First it was Axel Weber, now it's Stark.
The Jewish bankers getting their revenge with some blackmail? I wouldn't doubt it.
Weidmann - some advice since you are still there, stay away from Sofitels.
Is that Orly, only 0_rly? How come? Curious minds, etc!
And that cartoon is priceless. Or should that be shiptoon and bidless?
The titanic comes to mind. So does the hindengerg. (Both sabotaged by the way, just in case you were wondering).
And please, no Junckers, than you vewy much!
V
Tipping Points
you're such a tiresome idiot around here.
Tch tch. What a pathetic asshole, say something constructive douchebag.
Or is "retaliation" all you know? Are you german? I suggest you get that hot poker out of your ass, it's okay. Smile. It is all your fault, but that is okay too.
V
specifically what do you find tiresome. ?
junked for asking not to be junked
fuck you - we know who, where you are. ready??
its the jews!!!! the jews did it!
Actually, it's the secret machinations of the Icelanders. They've called on Odin, who summoned Loki...a little later, we'll see Thor.
It's important because it means the Wolfgang Schauble faction will win and Germany will underwrite all of Europe. This will spread the debt grangne to the core as Germay's surplus erodes from a coming slowdown in demand for it's high end machinery and german cars from China. Meanwhile, I'll win the Niederhoffer contest on my call for 5 yr CDS on GER, FRA, ITA and Chinese debt 2011.
Wow, from rumor to fact in under and hour...must be some serious arguing going on there!
Oh to be a fly on the wall watching and listening to the cockroaches at the table.
all the lies (non truths) must be killing him.
Stark gone? Who is going to be Iron Man?
Don Cheadle?
Someone Don Cheadle like who is less expensive.
Ozzy
War Piigs or Iron Man?
Stark raving mad
Nah, he's War Machine. Oddly appropriate, come to think of it...
This has got to be my favorite comment of the year. Hilarious and in no way contributes to the discussion. And provided by someone calling himself Giant Wang. Thank you sir.
"in no way contributes to the discussion" kinda like obummer's "speech" and the republican sock puppet show, er debate
He seems to want to keep his head attached to the rest of his anatomy. Can you blame him?
What follows is the realization that the ECB can, indeed, print and the Euro does that fiat dance where it gets real... low.
First rat in first rat out bitchez.
Yes but have you noticed the ZH cartoonists technical error? It's supposed to be rats leaving a sinking ship, not alongside dock. The ECB are defo fuking sinking that's for sure
When i suggested TD and his long sentance construction be replaced by a cartoonist (because TD said many of us had attention spans shorter than a Goldfish) i had no idea we'd get such a poor quality cartoonist! OK TD all is forgiven, you can stay mate, at least until we find a good cartoonist
Judenrats believe that it's safer to get out before she sinks. There's precedent.
Jürgen Stark needs to spend more time with his family.
Before EU Armageddon?
His family probably has one way tickets to Brazil
Germans like to escape to Argentina, not Brazil.
I think the reference was to The Boys from Brazil
Because of E.L.E.
Trichet melts down in presser yesterday...Starck gone today...adds up. Greece tomoz?
Only the not-for-profits will be short gold this w/e.
Did he oppose the bailout of PIGGS countries or what was the matter with him ?
Stark ist schwach
Winter is coming...
Yap. Where is Khal Drogo when you need him? I'd love to see some Dothraki at the ECB building - NOW!
ECB has the wrong Jean-Claude in charge. It should be Killy!
Or this guy.
dollar is up!!!!!!!!!!! dollar is up!!!!!!!!!!!!!!!! long live fiat!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Paying it's rent one last time before being completely fucking EVICTED from the 70's. Welcome to 60's ghetto.
And another wealthy banker leaves early to his private island for "personal reasons"
More like "survival reasons"...
Resign, or be DSK'd
http://www.youtube.com/watch?v=i2WxM6DkQB4
any way you want it.
He needs to preapre the next Nobel Peace Prize....for Sarkozy......but the French King needs to invade Syria first.
Or did he get religion ?
Any relation to Ringo Stark?
I wouldn't worry about it. After all, when Greenspan left the Fed it wasn't as if the credit bubble he blew up was about to bust and bring down the whole financial system.
HELP
Sorry, no help. You are to big for a bailout, Italy.
Stark leaving, and the IMF saying it's a 'dangerous' period, and 'global cooperation' will be needed. Sure signs of an Apocolypse.
I asked this earlier on another article, but:
What credibility is there in this "huge intervention" that Catrini is talking about for this weekend?
http://video.foxbusiness.com/v/1149546801001/buy-stocks-that-benefit-fro...
nevermind! Durden just answered on his latest article regarding G7
Hillary on the floor, someone please ask her how many cigars went into her puss
thanks, now I'm blind in my minds eye!
Who cares ?
Big deal, he's going to resign....in a couple years. Hell in this world that may as well be 1,000 years from now.
What if he left because he is against starting the print press this very weekend?
What if ECB "buy" all greece debt due with 50% interest and f..k the CDS traders?
"...
Traders say that that the atteptance rate for the Greek private-sector involvement (PSI) is currently running at 70-75%. Traders familiar with the debt exchange deal say the Greek government is currently gathering 'non-binding' indications from bondholders on whether they want to participate in the debt exchange. "The info sessions will continue through the end of September and the actual offer will take place in October", Petros Christodoulou earlier told MNI. Traders say that a participation rate of 70% will be enough to get the debt exchange deal through, which is a key part of a second E109bln bailout package that was agreed on July 20.
..."
ECB/JCT buy the rest without "touching" the ESFS?
Didn't want his Benz torched or the masses hunting him down. He can walk away and say 'I was against this' when the masses come.
Plausible deniability
Insiders talking of Jörg Asmussen (social democrat, a true printer and market manipulator) to follow Stark. Fuck him.
Indeed. Fuck him. I mean what's next? Krugman the next chairman of the FED? Talking about endless nightmares...
Thank you for helping to implode the entire European continent using false financial metrics as a psychological warfare weapon.
The 2% price stability meme was our death destroyer of nations.
Germans will just send a real tough guy whose surname is either Steiner, Drechsler, Fleischer, Rothstein, Wechsler or Weissmuller. Stark is still quite a weak name... :)
I'd prefer a Metzger, a butcher, for the PIIGS. Not some Pfotenhauer or Wurzelbacher.
The rats don't leave the ship, but stay aboard.
Even the rats are not that stupid!
The parasites stay as they are glued to the host.
Why would Jürgen Stark leave a nice comfy job that pays a buttload of money? It has to be something big, and it has to be something terrible. Jürgen Stark must be leaving because Greece will default over the weekend. Perhaps it was Jürgen Stark's idea to let Greece get unlimited money.
... allright, who farted the ECB Boardroom.
... allright, who farted the ECB Boardroom.
... allright, who farted the ECB Boardroom.
He's 63 and leaving at the end of the year.
Nervous nellies are blowing this one out of proportion. Plenty of time to replace this hawk with another hawkish figure.
So what was the real catalyst for the sell off?
He's not the only one that snuck out the door btw with a sudden change of heart and resignation. Might want to look a little closer at where the architects of this mess are and where they are going and the most important reason.
Why?
The why, is all that worries me.
I would imagine they need someone who already said they are gone, to do some dirty work in next few weeks, like doing something REALLY unpopular, like whatever the banks want...or they know its over and have to have someone ready to throw under bus
Wait for it, it hasn't got anything to do with banking or investments or money directly.
You'll all find out in Monday if you aren't part of it on Sunday.
This is just the first of many such resignation announcements over the next several months, methinks...