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Mst007
452 posts
91 months
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He`s in the Hitler camp "If you are going to tell a lie, tell a big one"
"Invade Poland? Me?"
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Andy Zarse
8,039 posts
116 months
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BigBen said: Andy Zarse said: Easy enough and with copy/paste/edit...  Are you familiar with the Book Shop sketch from the Contractual Obligations album, you know, where the customer is continually wasting the shopkeepers time? Well, I'm saving that one for Euro denoument  The expurgated version ? Yes, the one without the Euro! PS Do you have Ethel the Aardvark Goes Quantative Easing?
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Art0ir
3,540 posts
39 months
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Aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaannndddd.. He disappoints.
"Current structure of the ESM would not allow it to be a counterparty to the ECB" - No banking license.
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Driller
5,236 posts
147 months
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Andy Zarse said: Easy enough and with copy/paste/edit... Yeah but it was the filling in with the money stuff that was the coup de grace. Andy Zarse said: Are you familiar with the Book Shop sketch from the Contractual Obligations album, you know, where the customer is continually wasting the shopkeepers time? Well, I'm saving that one for Euro denoument Ethel the Aardvark goes quantity surveying? Can't wait  ETA your other post above appeared at the same time-I knew it!
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Puggit
29,477 posts
117 months
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 Whoosh! ^^^ (GBP:EUR intraday)
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Mermaid
12,481 posts
40 months
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Puggit said: Whoosh! ^^^ & equities have tanked (S & P was as high as 1387, now 1361) - for a little while at least- sort of where we were before Draghi made his Superman comments last week
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Mermaid
12,481 posts
40 months
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Draghi back trecking in conference - he has been told off by the Germans for his euphoric announcement last week. Weasel words from a politician - quelle surprise.
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Puggit
29,477 posts
117 months
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Telegraph said: So a very, very, brief bounce has been followed by a dramatic fall. The IBEX 35 has tumbled 4pc, while the FTSE Mib has shed 2.4pc and Frankfurt's DAX is down 1.55pc.
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Stig
9,955 posts
153 months
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Mermaid said: Draghi back trecking in conference - he has been told off by the Germans for his euphoric announcement last week. Weasel words from a politician - quelle surprise. ...and GBP/EUR up a cent since this morning as a result.
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Mermaid
12,481 posts
40 months
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Puggit said: Telegraph said: So a very, very, brief bounce has been followed by a dramatic fall. The IBEX 35 has tumbled 4pc, while the FTSE Mib has shed 2.4pc and Frankfurt's DAX is down 1.55pc. Last Friday, July 27th. 17.16 European markets have ended the week on a high. The IBEX 35 in Madrid closed up almost 4pc at 6,617.60, while the FTSE Mib in Milan ended the day up 3pc at 13,596. Draghi has lost his credibility IMO.
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Andy Zarse
8,039 posts
116 months
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Mermaid said: Draghi back trecking in conference - he has been told off by the Germans for his euphoric announcement last week. Weasel words from a politician - quelle surprise. It was all "may/might happen", and he doesn't know if bond purchases are limited or unlimited. But we do know the counterparty will be our old friend the unstable lifeboat called the EFSF.... FTSE down nearly 1% since he started talking. I felt a bit sorry for Draghi, notwithstanding his bluster last week. He's quite correct that monetary policy can't correct a political vacuum. He's a clever guy who understands the illness but isn't allowed the key to the medicine cupboard.
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Puggit
29,477 posts
117 months
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Andy Zarse said: I felt a bit sorry for Draghi, notwithstanding his bluster last week. He's quite correct that monetary policy can't correct a political vacuum. He's a clever guy who understands the illness but isn't allowed the key to the medicine cupboard. I'm sure his platinum plated pension and perks makes up for that 
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RichardD
3,234 posts
114 months
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Andy Zarse said: ... Draghi, bluster .... TheDailyGenghisKhanWasagayerOgraph said: 14.31 What does he mean by the euro is irreversible? He says it means that it cannot be reversed (the audience chuckles). Mr Draghi adds:
" It stays, it stays, it stays. Its pointless to bet against the euro, it’s pointless to go short on the euro" (Someone to insert Comedy Ali image here) http://www.telegraph.co.uk/finance/debt-crisis-liv...
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GBB
1,645 posts
28 months
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RichardD said: Andy Zarse said: ... Draghi, bluster .... TheDailyGenghisKhanWasagayerOgraph said: 14.31 What does he mean by the euro is irreversible? He says it means that it cannot be reversed (the audience chuckles). Mr Draghi adds:
" It stays, it stays, it stays. Its pointless to bet against the euro, it’s pointless to go short on the euro" (Someone to insert Comedy Ali image here) http://www.telegraph.co.uk/finance/debt-crisis-liv... Can we put Homer Simpson in charge? Perhaps he will have more credibility.
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Art0ir
3,540 posts
39 months
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Death Spiral begins again.. what a disaster of a conference. Laying out the same demands on leaders that will be unfulfilled again. Holidays for the European leaders now too, will be interesting to see how that's handled and how the markets will react to it.
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Mermaid
12,481 posts
40 months
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Mermaid said: Andy Zarse said: So can someone explain how is Draghi in a position to support anything further than his own hernia? Does this help?   Lest we forget 
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Digga
10,898 posts
152 months
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Art0ir said: Death Spiral begins again.. what a disaster of a conference. Laying out the same demands on leaders that will be unfulfilled again. Holidays for the European leaders now too, will be interesting to see how that's handled and how the markets will react to it. I remember them f  king off for their Euro-peasant month-long break last year and thinking they would be right royally t tted for it. I was wrong. ETA, interesting take on Germany & Deutschmarks here: http://www.zerohedge.com/contributed/2012-08-02/do...
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Silver993tt
8,088 posts
108 months
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Art0ir said: Death Spiral begins again.. what a disaster of a conference. Laying out the same demands on leaders that will be unfulfilled again. Holidays for the European leaders now too, will be interesting to see how that's handled and how the markets will react to it. simply a case of buy on the rumour, sell on the news. Usual scenario, market manipulation to prey on emotions.
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DJRC
19,819 posts
105 months
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Can I ask a really really dumb question? Why did any of you think Draghi had any credence before?
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Art0ir
3,540 posts
39 months
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DJRC said: Can I ask a really really dumb question? Why did any of you think Draghi had any credence before? I didn't think anyone did? The only thing I was interested in is how bad it went for him. With regard to holidays, I mean what headlines will there be while they're away but of course on the flipside I can imagine if they were cancelled the markets would slaughter them for it.
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