Latest Unsourced Rumor: ECB Rate Caps OFF

Tyler Durden's picture

Rumor - Reaction? - Denial. And so the shameful and ridiculous floating of whatever strawman argument any and every news agency will delightfully post goes on. In somewhat ironic timing, given our recent rebuttal of the likelihood of ECB rate caps/targets as anything but a failure, Reuters is reporting people familiar as saying:


Is this what Draghi is staying home for? As we noted previously it is clear that consensus is a long way away on the Governing Council. Meanwhile, it seems this is more than enough to stoke hopes of an alternative bailout as stocks rally out of the US open. Sigh.

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vinayjha's picture

Robo computer doesn't read whether its rumor or reality. All it knows it screw up the market.

Short Memories's picture

Where do these drive-by comments originate?

maxmad's picture

When the smoke clears, the market implodes-years down the road, it will come out that the entire financial market was being manipulated by Bud Fox.

Abraxas's picture

It's ultimatelly all upon one ring to rule them all. The Fed.

SheepDog-One's picture

No thats not the plan, the Fed is over, heres the new thing planned for many decades. JFK WAS PART OF THE NEW WORLD ORDER. - YouTube

Jlmadyson's picture

Time for a new rumor and/or Bernake will save us all and that includes Spain, Greece and Italy.

The Circle of BS will continue.

That is until Greece falls off the map which if they make it to Nov will be a miracle. But hey ya know secret plans and all.

SheepDog-One's picture

Sorry, things are too retarded to even comment on anymore.

LeisureSmith's picture

Retarded? I'll give you retarded: Ben Stiller is Case Shiller in the new movie Home Price Killer and the best beer in the world is Miller. And in the xxx selection you have: Assholes smoking poles at Jackson Hole. Or LTRO, what's more retarded than that? Don't give up Sheepdog, the retarded is only getting started.

Boilermaker's picture

How many trial balloons can be floated to keep the market up?


Dr. Engali's picture

Die already will you?

eigenvalue's picture

Latest Rumour:

GetZeeGold's picture



It's worse.....there's no gold in the river to pan.


Boilermaker's picture

True, but I've heard that he's just a 'little bit' pregnant.  So, perhaps he will attend.

lolmao500's picture

Good news if confirmed.

adr's picture

The, "no I want to hold stocks at the highest value when the central banks buy them" rally.

Or "Bernanke's search for the greatest fool"

Everything is always roses on the way up. Stocks have become the new $200k home that will triple in value every five years. You shouldn't have believed then, and you shouldn't believe now.

Boilermaker's picture

....AND, there goes the magic buying spree into the REITS.  Right on cue for the daily unexplainable but in-yo-face ramp job.

Thought criminal's picture

The market is bouncing up and down like a cheap hoe today.

SmoothCoolSmoke's picture

Here's the near term "can kicking schedule":

1. Jack-ass-son Hole, kick to:

2. ECB meeting, kick to:

3. FOMC meeting, KIck to;

4. German HIgh Court vote


steve from virginia's picture


The central banks can't save anything.


If they save themselves they will be lucky, there is also nothng else they can do. Their bosses can wave their hands and lie.


There is no good collateral remaining in the EU except some 'physical assets': not nearly enough of these to meet demand for new credit. There are no more risk-free assets in the EU, not even bunds. Anything the central bankers actually try will accelerate the continent-wide bank run that is already underway.


This is a currency-risk run out of euros rather than a balance sheet-risk driven deposit run out of bank accounts. The euro swan song is underway.