Live Webcast Of ECB Press Conference, Or The Last Chance For Today's "Deus Ex"

Tyler Durden's picture


Minutes ago, the ECB already delivered a major disappointment to those most desperate for a Deus Ex intervention: those praying for an ECB rate cut were EastLB (0.5%), and BNP, Credit Agricole, Margin Stanley and Nordbank, all of whom were hoping for a 25 bp cut. Incidentally, all banks that are, shall we say it, liquidity challenged. They did not get their prayers answered. Now, the prayer goes that Draghi will magically hint at the NEW LTRO (not LTRO 3, thank you Apple). In reality he will most likely continue dragging the old party line - economy is weak, we hope governments fix it, but ECB stands ready, etc, hardly the stuff of "Bath Salt your Face Off" rally legends. Watch the whole thing live at the link below.


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Wed, 06/06/2012 - 08:30 | 2498829 GetZeeGold
GetZeeGold's picture



Last chance....and this time...we're serious!


Wed, 06/06/2012 - 08:48 | 2498883 battle axe
battle axe's picture

We at the ECB stand ready to run our printing press at %110, until they burn out!!! Or until Germany tells us what to do....

Wed, 06/06/2012 - 08:53 | 2498895 malikai
malikai's picture

Eurusd's got some cement boots on at the moment. LOL.

Wed, 06/06/2012 - 09:01 | 2498912 battle axe
battle axe's picture

Reporter: Mr. Draghi, honestly what kind of shape is the Euro region in?


Draghi: Oh, we are totaly and completely fucked.


Just a little fantasy of mine, where some government official actually tells the truth....

Wed, 06/06/2012 - 09:07 | 2498915 malikai
malikai's picture

Well, you've always got the interviews of them after they leave government.

Wed, 06/06/2012 - 09:32 | 2498971 Comay Mierda
Comay Mierda's picture

In other news, a Keynesian Econ Professor's letter to Draghi was found in a dumpster outside the ECB headquarters

"Oh please Draghi, wont you please print more money?  we dont want a real economy and sound money.  we would much rather have distorted market prices for every asset class there is.  You are the master central planner and we obey your wishes.  In order to show you our loyalty, I would like to invite you to this year's Harvard Econ Professor Lemon Party and toss your salad."


Wed, 06/06/2012 - 09:41 | 2498995 Roger O. Thornhill
Roger O. Thornhill's picture

Just watched about 10 minutes of obfuscation and dissembling (otherwise known as B.S.)

How can anyone do anything with the lying at such a high level. I watched a Nixon speech as a pallative and he gives 1,000% more truth. Listen to other older politician's speeches, they are mostly attempting to be honest with the people. Maybe because the press used to call them on it in the past. With the snakes we have today, we get riddles and nonsense, they never answer the question.

Partially the fault of higher education and it's deep descent in bullshit as education, partially a centralized media, and partially our own vast laziness.

Wed, 06/06/2012 - 08:34 | 2498835 SheepDog-One
SheepDog-One's picture

Just lookin at this guy, I'd sell anything European. But apparently there's still 'good newses' out there since Europe checked to the Fed, which certainly has 'magical stuff' to give us. Oh hooray.

Wed, 06/06/2012 - 08:44 | 2498870 LongSoupLine
LongSoupLine's picture

Or, as of today, magical "sound bites" of false propaganda.

Wed, 06/06/2012 - 08:37 | 2498846 SheepDog-One
SheepDog-One's picture

Zee prica ztabeeleetee! He sure says it enough, but we don't really see it.

Wed, 06/06/2012 - 08:41 | 2498849 Mercury
Mercury's picture

In other words: F1


Wed, 06/06/2012 - 08:37 | 2498851 westboundnup
westboundnup's picture

It will be a rally day.  We'll see 1230 in the short term.

Wed, 06/06/2012 - 08:38 | 2498854 Dorky
Dorky's picture

Bla bla bla......... QE3!!!

Wed, 06/06/2012 - 08:40 | 2498857 HD
HD's picture

I won't put it all the way in baby - just the 3 month tip....

Wed, 06/06/2012 - 08:41 | 2498862 MsCreant
MsCreant's picture

I dunno. "Eat your face off" works better for me.

Wed, 06/06/2012 - 08:53 | 2498897 Jim in MN
Jim in MN's picture

When the man eats your eye

Like a big pizza pie

That's a zombie.....

Wed, 06/06/2012 - 08:42 | 2498865 LongSoupLine
LongSoupLine's picture

All the 19year old PhD algo programmers are frantically hitting Ctrl (I)gnore!

Wed, 06/06/2012 - 08:54 | 2498884 GMadScientist
GMadScientist's picture

Imprimerais! Imprimerais!


Wed, 06/06/2012 - 08:43 | 2498869 TWSceptic
TWSceptic's picture

Normall when you talk to the press you occasionally look at them while you read. Just sayin.

Wed, 06/06/2012 - 08:48 | 2498886 GetZeeGold
GetZeeGold's picture



I heard "bouyant" and......"soft data"......this guy is clearly full of sh!t.


Wed, 06/06/2012 - 08:44 | 2498874 NEOSERF
NEOSERF's picture

Never fear, this market has an almost otherworldly ability to ignore the bad and focus on the hope (now Spain banks will be fixed, yields will come down and all will be good until September when US problems such as Bush cuts, debt ceiling, unsure election and auto cuts are heaped on world issues)...

Wed, 06/06/2012 - 08:47 | 2498882 Jack Sheet
Jack Sheet's picture

He's under orders from Goddam Sucks

Wed, 06/06/2012 - 08:50 | 2498890 Roland99
Roland99's picture

This calls for a 3 martini lunch

Wed, 06/06/2012 - 08:52 | 2498892 Confundido
Confundido's picture

They left all the pressure on Ben. Hence, Lockhart had to give away the leak that there may be an extension of op. twist. I have the hunch there will be big disappointment on Jun 20.

Wed, 06/06/2012 - 08:52 | 2498893 Jim in MN
Jim in MN's picture

Vinnie: Mr. Woodman, why don't you take a couple days off and go hang gliding? It's good weather for it: no wind.

Wed, 06/06/2012 - 08:56 | 2498899 azzhatter
azzhatter's picture

They should have the response from Nigel Farage to follow immediately

Wed, 06/06/2012 - 08:58 | 2498901 peekcrackers
peekcrackers's picture

It's the " We are broke  conferece "

Wed, 06/06/2012 - 08:59 | 2498904 slackrabbit
slackrabbit's picture

Conferance Begins:

"Hello My name is Mario"

Conferance Ends...




Wed, 06/06/2012 - 09:09 | 2498918 StephanStrack
StephanStrack's picture

He looks more like Mario the Zombie

Wed, 06/06/2012 - 09:16 | 2498932 Global Hunter
Global Hunter's picture

I thought he looked like a corpse since the day they dragged him out and placed him in the spotlight, my thought was that he was the best deviant they could find (ie get the banker with enough deviant behaviours and addictions who will say anything asked of him in order to get the things he wants in his free time such as blow and boys).

Wed, 06/06/2012 - 09:12 | 2498926 midgetrannyporn
midgetrannyporn's picture

Draghi the Merciless always takes a power pill before making love.

Wed, 06/06/2012 - 09:18 | 2498939 blueridgeviews
blueridgeviews's picture

The more he talks the less he says.

Wed, 06/06/2012 - 09:22 | 2498949 BluePill
BluePill's picture

My name is Oh regional Clown


I have been jobless for long


My White WIfe left me for a penis which is long 


I am entering into Baba Business for White Women


I have no skills other Than updating excel like most people at infosys and Satyam


Thanks to 90's Liberalization i moved out of Shit hole India


I was able to Fool a White Women and got a Great gift (White women) in my cockroach brown life


2008 hit me so hard in pocket, all my life i worked to service my WHITE lady


Now i am bankrupt and have no place to go, came back to my Lavotary(india) as i am a cockroach 


Discovered many in my boat, Added science and Superstition and made few videos on youtube and started writing a Blog


Getting hard to get some Job and pay scale same as in USA, Impotent for so long but WHITE wife tolerated as i made money through Indian Lobby in USA


Did masters Degree 10 years ago and this proves my Credentials as i am Science BABA


Now having acquired few Fraud skills and a Technical degree in Bullshitting, I am trying desperately to enter into some Profession


With no skills and no Future and even No partner --i am a hopeless frustrated intolerant Indian,millions are in same boat like me


Our country (India)is land of degenrate and Sub human filth, and our purpose is pollute the planet like we pollute our nation by defecating in Open air and Smelling Shit and dreaming spirituality


I have no purpose in my life as my skills are obselete no one is hiring me and no women is seeking me


Currently i am jobless living on my savings and day dreaming like millions of indians have been doing since past 1000 years of our Parasitic existence


My name is vivek chaturvedi


Vivek means Knowledge


Chatur-Means Cunning knavish,Backstabber

Vedi---Speaks more about Non materialism


I am doing my deeds according to my Name


Using acquired knowledge in USA, mixing it with supersitition fooling ignorant masses like millions of babas do


And trying to make big in BABA business


---Thanks for Reading my Biography 


Your Vivek Chaturvedi--Oh Regional Parasite Indian

Wed, 06/06/2012 - 10:28 | 2499175 MsCreant
MsCreant's picture


I am for freedom of speech, but this post is so fucked up wrong I find myself challenged. 

All of us here enjoy annonymity. If that is the real name of ORI, outed by someone else, this is just wrong. ORI may have outed himself, I don't know. The spirit of this post sucks ass. 

Blue Pill,

What did ORI ever do to you? Eat your face off? What? You took a lot of time to create that post, a lot of thought. If you hate the guy, you just gave him a whole lot of your time, attention, and energy which you will never get back. Was it worth it?


Wed, 06/06/2012 - 10:29 | 2499182 Poor Grogman
Poor Grogman's picture



if nothing else

Wed, 06/06/2012 - 09:22 | 2498951 The Fonz...befo...
The Fonz...before shark jump's picture

They are just waiting for the Europeans to start "summerin" and take their 3 months off before they start to make moves.....many will come back to closed banks....

Wed, 06/06/2012 - 09:28 | 2498960 INMUDEELZIZ
Wed, 06/06/2012 - 09:28 | 2498961 the 300000000th...
the 300000000th percent's picture

now it is different because its much worse mr mario brothers


Wed, 06/06/2012 - 09:29 | 2498963 slackrabbit
slackrabbit's picture

Hey he's just like Ben.

The more he talks, the higher gold goes!

Speak Mario Speak!!!

Wed, 06/06/2012 - 09:32 | 2498967 kill switch
kill switch's picture

Gold Silver are never OT


GOLD+ $20.20 @ 9:20 $1638.10

SILVER +$1.16   $29.79


Nice trend

Wed, 06/06/2012 - 09:36 | 2498978 Central Wanker
Central Wanker's picture

Keep on talking, Mario!

Wed, 06/06/2012 - 09:34 | 2498975 Monedas
Monedas's picture

I'd rather listen to Hillary read the phone book ! ZZZZZZZZZZZZZZZ !       Monedas      1929      Comedy Jihad Entertain Me

Wed, 06/06/2012 - 09:36 | 2498977 RobotTrader
RobotTrader's picture

Dow green for the year.


"Like it never even happened"


Wed, 06/06/2012 - 09:42 | 2498999 Poor Grogman
Poor Grogman's picture

Stupidity never sleeps eh?

Wed, 06/06/2012 - 09:37 | 2498982 tom a taxpayer
tom a taxpayer's picture

Draghi: "There is no silver bullet".

Wed, 06/06/2012 - 09:37 | 2498984 tom a taxpayer
tom a taxpayer's picture

Draghi: "There is no silver bullet".

Wed, 06/06/2012 - 10:06 | 2499084 Grand Supercycle
Grand Supercycle's picture

SPX rally warning & USDX retracement warning now confirmed & good (counter trend) equity upside expected.

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