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.

Your rating: None

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Tue, 08/28/2012 - 09:43 | 2743330 vinayjha
vinayjha's picture

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

Tue, 08/28/2012 - 09:48 | 2743336 GetZeeGold
GetZeeGold's picture



Bailout 1044

Tue, 08/28/2012 - 09:55 | 2743363 Short Memories
Short Memories's picture

Where do these drive-by comments originate?

Tue, 08/28/2012 - 10:03 | 2743383 maxmad
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.

Tue, 08/28/2012 - 09:44 | 2743333 Abraxas
Abraxas's picture

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

Tue, 08/28/2012 - 09:47 | 2743343 SheepDog-One
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

Tue, 08/28/2012 - 10:12 | 2743404 SheepDog-One
SheepDog-One's picture

LOL, people are SO fukin stupid. You get nothing.

Tue, 08/28/2012 - 10:22 | 2743439 Manthong
Manthong's picture

Which documentary was that JFK UN report clip taken from, please.

Tue, 08/28/2012 - 09:50 | 2743337 Jlmadyson
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.

Tue, 08/28/2012 - 09:46 | 2743338 SheepDog-One
SheepDog-One's picture

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

Tue, 08/28/2012 - 10:11 | 2743400 LeisureSmith
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.

Tue, 08/28/2012 - 09:47 | 2743345 Boilermaker
Boilermaker's picture

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


Tue, 08/28/2012 - 09:55 | 2743361 Dr. Engali
Dr. Engali's picture

Die already will you?

Tue, 08/28/2012 - 09:56 | 2743367 eigenvalue
eigenvalue's picture

Latest Rumour:

Tue, 08/28/2012 - 09:59 | 2743373 magpie
magpie's picture

The EU is not Zimbabwe

Tue, 08/28/2012 - 10:20 | 2743431 GetZeeGold
GetZeeGold's picture



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


Tue, 08/28/2012 - 10:02 | 2743379 Boilermaker
Boilermaker's picture

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

Tue, 08/28/2012 - 10:15 | 2743411 lolmao500
lolmao500's picture

Good news if confirmed.

Tue, 08/28/2012 - 10:27 | 2743461 adr
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.

Tue, 08/28/2012 - 10:38 | 2743496 Boilermaker
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.

Tue, 08/28/2012 - 10:41 | 2743507 Thought criminal
Thought criminal's picture

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

Tue, 08/28/2012 - 11:12 | 2743614 SmoothCoolSmoke
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


Tue, 08/28/2012 - 15:19 | 2744433 resurger
resurger's picture


Tue, 08/28/2012 - 17:16 | 2744663 steve from virginia
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.

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