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Live Webcast Of ECB's Press Conference
ECB's preliminary announcement was a big snoozer as expected. Much more hope rests in the Mario Draghi press conference that begins in minutes, and where the former Goldmanite is expected to at least hint at some more conditional easing. Follow it live below.
- *DRAGHI SAYS INFLATION RATES LIKELY TO STAY ABOVE 2% IN 2012
- *DRAGHI SAYS INFLATION STAYING ABOVE 2% BECAUSE OF ENERGY, TAXES
- *DRAGHI SAYS ECB SEES INFLATION IN LINE WITH PRICE STABILITY
- *DRAGHI SAYS ECB SEES `DOWNSIDE RISKS' TO ECONOMIC OUTLOOK
- *DRAGHI SAYS ECB HAS ALL TOOLS AVAILABLE TO ACT FIRMLY, TIMELY
- *DRAGHI SAYS NON-STANDARD MEASURES HAVEN'T YET SHOWN FULL IMPACT
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Basically....we're screwed
Bah, let it all burn down so we can get back to prosperity for someone other than HFT engineers.
The cartel raid hit like clockwork at 8.30 NYT - between 500 and 1,000 contracts a minute for silver and the price remains at $30.40/oz.
Better luck tomorrow guys.
Sure he is going to "hint" at easing because we need those markets up today. 3 days from now the markets will need another boost.....and they will get another "hint" and on we will go.
Why is he giving this on English?
So that the little people who are not versed in english have the opportunity to misinterpret/not understand his statements! Keeps them from seeing the BS he is slinging.
so that the guys from the Squid in the City know when to push the buy and sell buttons...
Live Webcast Of Goldman's Press Conferencefixed it...
Basically, we're are serving drinks....to those who can afford it.....until the Titanic finally goes down.
"When demand recovers" Haaaaaaaaah Haaaaaah Haaaaaah!
"Price developements should remain in line with price stability over time." What?!
"While waiting on the return of growth...." Haaaaaaaah, Haaaaaaaah, Haaaaaaaah!
Everytime this idiot says the word "growth" there is a blur on the screen and some of his clown makeup shows through.
Why all the talk about "price stability" if you are so sure "inflation will remain stable"? This guy talking about "sound fiscal policy from European governments" is like a lion talking about being a vegetarian.
We have all the tools to act firmly.... Translation : nothing else we are doing is working so we will bullshit our way through this.
Say what?!
Inflation is secondary to "taxes"?!
WTF is that suppose to mean?!
Are they running out of realistic excuses for inflation now?
Here's an analogy for you.
Some bank robbers have taken a large bank and are holding hostages. They are surrounded by the police and there has been a couple of fire fights. The leader of the robbers is on the phone with the negotiators and one of his henchmen come to him and says, "During the last shootout, we all ran out of ammo, there is no ammo left in the building."
The leader looks back at the phone and continues the negotiations and threatens to kill a hostage if their demands aren't met in the next 1 hour.
That's were this LOSER is! He knows he has no ammo left and yet continues the dialog as though he has something with which to negotiate. Blah, blah, blah.....such Bull Shit!
I know if that smart ass responded to my question with "What did I say? What did I say?" "Let me read for you again from page 3....." I would say, "Answer the question, MotherF.....!"
Yeah, there is a lot of liquidity, dumbass! What you don't have is an ECONOMY!
Would it not be less complicated, to mention what Draghi dont say=Your,ll .ucked!!!!
Raise my salery,i need a new condo over at The Caymints!
I see it this way...you have a country trying to hide how bad they are.... is giving the EU numbers that are fake ...who is making policy on numbers that are faked but yet the EU does not want to look so bad also..so they double fake the numbers...then the end product that comes out is really bad...and people are making headlines on these numbers...and I guess making business decisions...he who can look thru the smoke and still breath will be the better in the end..
*DRAGHI SAYS NON-STANDARD MEASURES HAVEN'T YET SHOWN FULL IMPACT
Piigs with lipstick are still piigs.
Flying piigs up in the sky with the black swans.
zerohedge @zerohedge
Draghi says he can understand the anger of "poor, jobless young people"
NO he F"ck!ing well CAN NOT!!!!
"I wold love to ease as it would please my paymasters to dilute the Euro and the ECB, making us all debt hungry and servants of debt slavery forever to our true masters. Get wise people of Europa land, put your shoulder to the grinding millstone; understand who Caesar is and how he does God's work on earth. Thanks to me the Sub Vicar of God's money, the golden corn of Caesar's abundance, your debt dependence will churn and churn and churn."
One of those young unemployed that he understands so well should beat the shit out of him just for fun. Love how these fuckers think devaluation thru inflation is okay. Fuck You Draghi you're a prick
So now a (phony) 2% rise is stable?
Fuzzy math indeed.
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