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This fixes everything!
Great, we can go home now. I'm gonna go get drunk.
Yeah ... good plan ... putting a Jesuit in charge of the ECB! This should end well....
I'd be more worried about the fact he's Italian and the core of the EZ problems as a currency area are neatly summarized in that one country.
With this rate drop, they have just reduced their tools for managing liquidity, and perhaps more importantly signalled the market for more easing. This increases likelihood of ECB becoming a permanent backstop for EU sovereign debt, with or without the EFSF/ESM, and thus effectively printing (since they seem atrociously bad at sterilizing most of it even at the previous higher reference rate).
i-dog, I thought you have something against my friend of the Order of St. John. Now you have something against Jesuits, too? Did you escape some catholic boarding school or what is it? Were you raped by nuns? Were they hot? Did they force you to do disgusting things?
Draghi is first a EconProfessor, second a Goldmanite, third a career burocrat and fourth an Italian
Ah, I already miss Trichet... bring back, bring back, bring back stabeeleetee to me!
Goldman is also run by the Jesuits. You obviously missed my rundown a day or so back.
No, Mario Draghi is first a Bilderberger, so World Government is his primary goal.
They just hit the panic button.
For Draghi to cut is open admission that the EZ economy is imploding.
The implications for balance sheets and debt is dire.
We may rally, but this smells strongly of distribution.
"We may rally, but this smells strongly of re-distribution."
Fixed it for you. You are right, timing is everything. We rally aaaaannnnndddd, it's gone.
this should drag down yields on italian bonds right. i'm genuinely curious if that corresponds directly to a 25 pip reduction in the italian 10 yr throwing it back below 6 percent...if not for just a few days
Doesnt matter, the headlines out of Greece will overwhelm this throw of the dice.
0.25 aint going to do squat if Greece says FU.
.25 rate cut, 50% haircut.
Be an ItalianWear GreeceBah dump bah dump bah dump bah dumpWatch your EuroSlide to your Feet....
Gives Surrender a New Meaning.
My entire world view has been turned upside-down.
Next, you'll be telling me that the Kim Kardashian/Kris Whateverhisnameis wedding was a made-for-TV farce.
And the whole damned front page is about Europe.
doesn't the dollar melt up on this?
You think but don't underestimate stupidity.
ECB is at 1.25%, Fed is at 0% until 2013.
Zirp, zirp and away!
Super Mario crashcart in action!
Super Mario basically telling Trichet that he's a dumfukk for having raised rates to begin with...."delivering price stability IMPECCABLY" my arse...good riddance trichet...long live the new king!
, FIX is in
I told you the mistresses and girlfriends were selling the Euro in the 1.3820's. WTF, it's how the world works.
That should be good for five percent in Europe today. Yay! More cheap money for everyone.
Wait a minute, these fuckers are still bankrupt.....how is this going to actually help?
start collecting them gold coins
Another Goldman-Sachs flunkie giving free money to his friends.
What a fucking shocker.
Fuck him in his ass.
Wow, the markets are seriously like an addict getting a crack hit this morning. Jeez, little jumpy or what.
It does feel like that, doesn't it? The withdrawal pain is going to be ugly...
Yup - quite unreal.
Huge spikes in the european index futures (thank you Mr D longs liquideated at windfall levels)
and a puke in the Euro - the Algos must be blowing their heads off.
What's Italian for "Zee price stabileeeteee"?
"Di praisa stabiliaté"
Or better still:
Hmmm I thought they had pretty good inflation in ole Europe...and what about their mandate.....Hmmmm...me thinks the Goldman Sachs world is back in charge
Gold to $1,800/oz and silver to £36/oz by the end of todays American market ?
now, this in theory should cause euro to go lower in relation to us dollar, correct?
It all goes to zero.....when priced to 'confidence' what's the benchmark?
The former Goldman banker...
There are no "bankers" at Goldman. It's a government backed hedge fund.
There are no "former" vampire squid enablers. Once a Goldman always a Goldman.
Too true. What if I said government was a Goldman backed slush fund?
The European PRINTOCCHIO has arrived ... Time for that long Gold short Euro trade , I ALMOST WAITED !
Zirp = Print = Debasement.
Cramer on CNBC: "rate cuts are good."
Flip a coin. It's more accurate than cramer on his best day.
And less volatile. The coin gives you a better Sharpe ratio.
rate cuts are good. it says a total retard has left the building and has not been replaced by another one.
The first person who loses control of his interest rates loses.
Can the whole world go to ZIRP
Anybody want to loan me $1,000,000 to buy Fayettevile rental property at ... gee ... I don't know ... say 2.5%
I'm a better long term risk than Europe.
Can the whole world go to ZIRP?
I think we're about to get some empirical evidence that it both can, and can't.
That would explain why FAZ went down an additional 2% in seconds.. bastards.
In about 2 hours, the Mercedes dealership in Athens is going to be busy as hell. Wish I had a webcam there for the bimbo alerts.
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