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Watch Mario Draghi's First Press Conference As Head Of Goldman-Am-Main

Tyler Durden's picture




 

Want to listen in on how Goldman's ex-employee MFs all of Europe? Here is your chance as Super Mario conducts his first ever press conference as head of the most undercapitalized central bank in the history of the world, better known as Goldman-am-Main.

Some observations from the Q&A:

  • Decision was unanimous;
  • "SMP is temporary" is answer to when monetization will end. So no answer
  • ECB is closely monitoring Greece
 

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Thu, 11/03/2011 - 09:34 | 1840900 Tsar Pointless
Tsar Pointless's picture

No thanks.

Thu, 11/03/2011 - 09:35 | 1840917 Hero Protagonist
Hero Protagonist's picture

Just say no!

Thu, 11/03/2011 - 09:37 | 1840925 Tsar Pointless
Tsar Pointless's picture

I wanted to be polite, at the very least.

That's why I added the "thanks" part.

Thu, 11/03/2011 - 10:25 | 1841153 sqz
sqz's picture

Interesting that the only political question Draghi answered was to push the German/French view of what form the Greece referendum question should be, i.e. in this case as general as possible and related to remaining in the Eurozone instead of specifics like should Greece accept the latest EZ restructuring package.

Thu, 11/03/2011 - 10:47 | 1841306 BandGap
Thu, 11/03/2011 - 09:34 | 1840901 Element
Thu, 11/03/2011 - 09:34 | 1840903 lizzy36
lizzy36's picture

Bunga Bunga

Thu, 11/03/2011 - 09:40 | 1840934 MsCreant
MsCreant's picture

And Mario is the refreshing douche!

Thu, 11/03/2011 - 09:35 | 1840906 Central Wanker
Central Wanker's picture

I love the smell of bullshit in the morning!

Thu, 11/03/2011 - 10:11 | 1841093 boom goes the d...
boom goes the dynamite's picture

A rather jovial group they are--all things considered. Mario is a puppet master.

Thu, 11/03/2011 - 09:35 | 1840909 fuu
fuu's picture

I came in at "transparant communication", retched, and went back to the g-pap resignation thread.

Thu, 11/03/2011 - 09:35 | 1840913 sabra1
sabra1's picture

the only way to keep a scam running, is to replace scum, with more scum!

Thu, 11/03/2011 - 09:37 | 1840922 RobotTrader
RobotTrader's picture

Anybody who shorted SPY or QQQ since August 5th is still underwater.

Yesterday was their last shot at getting out.

Thu, 11/03/2011 - 09:40 | 1840939 wang (not verified)
wang's picture

that's a pretty bold prediction given the unknowns, having said that my bias is to the long side as these effers are going to rape and pillage to keep these markets afloat

Thu, 11/03/2011 - 09:41 | 1840946 Pool Shark
Pool Shark's picture

 

 

You stay long Robo and let us know how that works out for you, M'kay?

Looks like a nice right-shoulder developing on the S&P...

 

Thu, 11/03/2011 - 09:47 | 1840976 jdelano
jdelano's picture

Not if they took profits at the bottom and reinitiated higher up, idiot.

Thu, 11/03/2011 - 09:47 | 1840983 CvlDobd
CvlDobd's picture

I usually give you an up arrow but your beloved ANF is getting slaughtered. XRT isn't enjoying the rally. Risk to reward is far better on the short side than the long here on XLK. Just get off stock charts with their stupid reinvested dividends and you will see that XLK is not really breaking out.

Thu, 11/03/2011 - 10:04 | 1841059 Gene8696
Gene8696's picture

Yea..that's me. I'll let you know how it goes... For now I'm still strong in my SPXU shorts. Early S&P gains are fading....

Thu, 11/03/2011 - 09:37 | 1840924 entendance
entendance's picture

beware mr.bean-draghi, the ex jesuit goldman s. clown

Thu, 11/03/2011 - 09:37 | 1840927 Apostle of Unknown
Apostle of Unknown's picture

eat mushrooms to grow the money supply

Thu, 11/03/2011 - 09:38 | 1840930 wang (not verified)
wang's picture

ex fed Thomas Poole was on Bloomberg Radio and actually said the next OWS target should be Barney Frank's riding in Taunton.

Thu, 11/03/2011 - 09:41 | 1840942 pepperspray
pepperspray's picture

weaker

Thu, 11/03/2011 - 09:41 | 1840943 jayman21
jayman21's picture

Bitcoins

Thu, 11/03/2011 - 09:41 | 1840945 AngryGerman
AngryGerman's picture

CALAMARI BANCA

Thu, 11/03/2011 - 09:45 | 1840956 banksterhater
banksterhater's picture

Robo- My theory is Da Boyz are propping to push the Groupon and Angie's garbage out the door. The underwriters have the firepower to do it.

Thu, 11/03/2011 - 09:44 | 1840964 azzhatter
azzhatter's picture

Did Bennie write the speech for him? Edited by Blankfein

Thu, 11/03/2011 - 09:46 | 1840974 Monedas
Monedas's picture

"Ima gonna fiscally, consolidate you up, Muh Fucka !"....Mario Draghi's first message ! Monedas 2011 Comedy Jihad Consolidated Humour

Thu, 11/03/2011 - 09:47 | 1840982 jay28elle
jay28elle's picture

Good thing my connection here at McD's is too piss poor to watch this POS.  His accent is greek to me anyway.

Besides, I'd rather check out all the old folk that come here to get their daily dose of fat, calories and caffiene.

Thu, 11/03/2011 - 09:50 | 1840993 LMAO
LMAO's picture

21st. Century Cosa Nostra

Tutti Uomini D'onore

Thu, 11/03/2011 - 09:50 | 1840994 MsCreant
MsCreant's picture

...Fa-caus on measures... to enhance Wage Flexa-bil-it-tee.

 

This guy just needs to fucking stop and shut up. 

Thu, 11/03/2011 - 09:50 | 1840996 RobotTrader
RobotTrader's picture

Yes, ANF is getting destroyed, but other retailers like ARO and JWN had blowout numbers.

Retailers in general have been pretty much bulletproof for 3 years.

Thu, 11/03/2011 - 09:52 | 1841001 the not so migh...
the not so mighty maximiza's picture

Shutup ya face

Thu, 11/03/2011 - 09:53 | 1841006 the tower
the tower's picture

looks like his meds are starting to wear off... too many cocks in his bunga bunga ass

Thu, 11/03/2011 - 09:55 | 1841014 Marley
Marley's picture

You are very good at name calling.  You know, what you say about other people says very little about them and alot about you.

Thu, 11/03/2011 - 11:13 | 1841211 the tower
the tower's picture

.

Thu, 11/03/2011 - 09:57 | 1841023 Sqworl
Sqworl's picture

Roubini on Xanax...

Thu, 11/03/2011 - 09:58 | 1841027 Racer
Racer's picture

"closely monitoring"

If I had a penny for every time they issued that statement and then did nothing I would be rich beyond dreams!

Thu, 11/03/2011 - 09:59 | 1841030 Temporalist
Temporalist's picture
Riot police fire projectiles, arrest dozens of Occupy Oakland protesters

 

http://latimesblogs.latimes.com/lanow/2011/11/occupy-oakland-tear-gas-ar...

Thu, 11/03/2011 - 10:01 | 1841035 RobotTrader
RobotTrader's picture

What's up with Estee Lauder?

A global run on makeup?

Hey, we had yet another -1250 TICK again today, that's 46 consecutive trading days in a row of -1000 or worse, a new NYSE record in "fear".

4 days in a row of -1250, still lots of panic out there.

That's the time to buy stocks.

Thu, 11/03/2011 - 10:12 | 1841106 TTaco
TTaco's picture

MR. Inflation is in Da House ==> Who said Italians & Inflation are like Pasta & Bolognese

Thu, 11/03/2011 - 10:14 | 1841114 MiniCooper
MiniCooper's picture

I come from the UK, a naturally Eurosceptical nation if our politicians ever allowed us to have a referendum.

I don't often find myself agreeing with George W Bush but 'Cheese Eating Surrender Monkeys' pretty much sums up my feeling about the whole charade in Europe right now.

Thu, 11/03/2011 - 10:36 | 1841256 TooBearish
TooBearish's picture

Informa News wire points out Draghi`s son and nephew works at MS as rates trader and structuring. MS was one of the first to call 25bp cut.

Thu, 11/03/2011 - 11:10 | 1841516 Heiman Van Rock...
Heiman Van Rockerchild's picture

These are just a gang of communist criminals pretending to be legit in front of the cameras. Once again we must abolish the federal reserve and its non governmental collection agency the IRS and return the control of money to the congress where it belongs.What is going on is high treason!

Thu, 11/03/2011 - 11:45 | 1841729 azzhatter
azzhatter's picture

Talks like a faggot. My apologies to faggots everywhere

Thu, 11/03/2011 - 13:44 | 1842349 silverserfer
silverserfer's picture

"The path ahead is dangerous with many mushroom monsters and flying turtles in the way of collecting the gold coins that are just laying around. The potential for gains depends on the boxes with the question marks on them. Depending on the contents of said box, the potential is there to get a bouncing star. If we are able to get this bouncig star, theoutlook is very good for a high yield in collecting numerous gold coins before the end of the current level ends quarter 1-2." 

Thu, 11/03/2011 - 19:01 | 1843499 pain_and_soros
pain_and_soros's picture

If any German hadn't been buying gold before this ECB decision, you can be certain they will be now...

The euro will go the way of the lira, leaving Germans to fend for themselves without any Deutschmark safe haven.

I'm sure the Vatican won't mind.

 

 

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