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Live Webcast Of European Council Press Conference
Update: Conference over. Mentions of Deposit Guarantees? Zero. Is the market run by idiot algos? Yes, next question.
Wondering if Germany did indeed cede to demands for an international deposit guarantee system (of the Eurosystem's $11 trillion in deposits), or if it was all merely a bad dream concocted by several rumormongers who took advantage of stupid algo-matics to ramp stocks 1.5% on absolutely nothing? Then watch the below live press conference from the European Council, starring Gollum, which will make everything clear, and once again confirm why the Einhorn representation of Europe's only strategy is still alive and well.
And the official post-conference statement proving beyond a shadow of a doubt, that the EMU and EU are the two most disorganized, chaotic, and utterly worthless organizations ever conceived.
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Does the Merkel cow have any more milk to give?
Do you really want to suckle on that teat?
Margin hikes in EURCHF? Anyone else notice? Hmm..
That is why the dow ended today at 6 points down instead of 190 or more down. This rumor was out and people thought it would get fixed. All that is left is for Greece to leave and let the games begin. Because I have this sinking feeling that Obama is wanting this to happen AFTER the election not before. But I don't think it will happen, like Bush it will happen at election/leave office time and he will be damned if he do and damned if he don't. But rest assured giving or helping europe by trillions when no jobs are being made no matter what he says will be to much for the republlicans and tea partiers to handle and they will go after him with gusto. Even if they vote it in.
I don't think these are people trading on the rumors. The herd is not too smart, but after a continuous flow of bs - I just don't think anyone trading their own "money" is crazy enough to believe any of it anymore.
The only positions I am interested in anymore are short positions. That too is dangerous though, however I believe that the entities causing all of the market ramping will eventually turn on a dime - literally, on a split second.
Yeah - I would like a last hurrah with my funny money.
I think we need a Nigel Farage - Herman Van Rompuy death match.
....and not in Clay-Mation.
Not only does Nigel Farage see clearly he is able to state things with cutting clarity.
Max Keiser should have him on.
Kick the can till June so far...
I'm glad I'm going to be hundreds of miles away from the developed world over the next 9 months. I think it's going to get very chaotic.
Shorter:
The captais, merchant bankers,eminent men of letters,
The generous patrons of art, the statesmen and the rulers,
Distinguished civil servants,chairmen of many committees,
Industrial lords and petty contractor, all go into the dark,
And dark the Sun and Moon, and the Almanach of Gotha
And the Stock Exchange Gazette, the Directory of Directors,
And cold the sense and lost the motive of action.
And we all go with them, into the silent funeral,
:))
Nobody’s funeral, for there is no one to bury. ;-)
Also, now showing a very nice 4-color brochure on "Growth Initiatives."
"Millions will find employment and get training." Google translation from European to American is, "War bitchezzz!!!"
And finally, Gollum re Euro Bonds, "Mentioned in the framework of deepening the Economic Union...IT [EuroBonds] IS THE END OF DEEPENING THE MONETARTY AND ECONOMIC PROCESS." No shit?
Wow pretty sparse crowd there.
'Tis the wee hours of the morning here.
Just us Belgian drinkers about looking for some entertainment.
And most of us didn't want to be tripping over the barbed-wire EU police barricades at nighttime after a few Belgian beers too many.
Well, at least the beer is good and plentiful.
Everyone not in attendance = Yes.
wait a minute - Gollum? really?
That guy's English is better than half the Americans I talk to on a daily basis.
Fuck us.
Here come the eurobonds. I'm turning of the blabbermouths now. Bunch of morons. The bad part of it is they are not morons at all.
Basically, we have a plan to make a plan, which we plan to plan next month.
the usual platitudes....zzzzzzzzZZzZZZzzzz.
...can we just cut and paste this live feed for about three months from now?
No Merkelbucks for you...
If you don't guaranteed deposits there will be total fucking anarchy. Shit will get real then. All of the fuckers in charge will be gone, all of them. Political party will be meaningless. You will see serious fucking democracy at work.
Or a serious f"ing fascism. You really do not want to know how a repressed middle class that loses all its money behaves. Basically a lot of people go to a camp with an oven - and I'm not talking pottery class at camp Hiawatha. ...
Perhaps a lot of people in Washington DC? How about the politicians, media, and most importantly the banksters that got us here? Oh wait, these are the people who will be sending people like me to the camps - crap.
Just means they can roll out the rumor again tomorrow, rinse repeat dow 100,000 here we come!
I was sure I did hear van Rompuy say something about a common deposit-guarantee and bank-resolution system?
lol they're clearing the decks with these wild swings and rumors.. getting everyone off the short side before they take it all down in one fell swoop.
US futures taking a hit after the press conference.
Dont worry they have all night for shenanigans. +20 on the ES tomorrow on more rumors.
The market is not run by idiot algos, the market is run by the FED.
This is an all out assault on PMs and OIL under the cover of EZ problems before the next round of money printing commences.
End of story.
they can't even frontrun their own actions.
Full house there lol
What a joke.
For you EU "...f*cking nuts" : http://youtu.be/8rh6qqsmxNs
"First, we need to mobilise EU policies to fully support growth; second, we need to step up our efforts to finance the economy through investments and thirdly we need to strengthen job-creation."
lol...yes, because "financing the economy" has worked such wonders up till now.
Personal opinion, I think Germany is getting a little tired of "financing the economy" the whole of the EU elite class is proposing to micro-manage...it's a little like New York/California asking Texas to "finance" them through "bondage" just cuz they prefer velvet shackles to the feel of cold steel.