Tag Archives: Mario Draghi

ZeroHedge – Mario Draghi, Collateral Scarcity, And Why The ECB Will Soon Buy Corporate Bonds – 17 April 2015

ZeroHedgeWhile Mario Draghi was most certainly not the star of yesterday’s ECB presser, he did say something some pretty ridiculous things about bond scarcity. Here’s a rundown:

  • DRAGHI SAYS WORRY ABOUT BOND SCARCITY `LITTLE EXAGGERATED’
  • DRAGHI SAYS CONCERNS ABOUT BOND SCARCITY PREMATURE
  • DRAGHI: CONCERNS ABOUT BOND SCARCITY NOT SUPPORTED BY EVIDENCE

Read the full story at: www.zerohedge.com / link to original article

John Ward – E-Zone Civil War : How The Eunatics Are Creating A Divisive Financial Control System – 16 September 2012

Banking control in one camp, fiscal control in the other. “Sorted,” say the neocons

German finance minister Schäuble sits in his little Wolfschanze this morning, a less than happy wolf-cub. Earlier this year, his boss Angela Merkel did the Grand Tour of European capitals and delivered what they both thought was a done deal: for Herr Schäuble to be the Obersturmbannführer of all things money in the new Fiskalunion being created by Berlin-am-Brussels. Continue reading

ZeroHedge – Tyler Durden – Draghi To Miss Jackson Hole Forum; All Rumors Now To Focus On ECB 6 September Meeting – 28 August 2012

With the market realization slowly dawning that Bernanke will not announce anything of note at this year’s Jackson Hole meeting, especially with the NFP number following the symposium expected to demonstrate another improvement in the economy, and ahead of the FOMC meeting in the second week of September, many hopes were resting on the shoulders of Draghi, whose ECB has now become a backup option when it comes to jawboning markets higher on empty promises. Continue reading

ZeroHedge – Tyler Durden – What Today’s Real ECB News Really Means – 24 August 2012

Bloomberg has run a story, citing two anonymous central bank officials, stating the ECB may not be ready to finalise its plan to buy government bonds at the September 6th meeting. JPMorgan’s European economists note that the story cites two reasons for this: (a) The Governing Council wish to wait until they have seen the German constitutional court ruling on September 12th before proceeding; and (b) The programme is still being worked on staff may not be able to finalize it by then. Critically, JPM, like us, regard (a) as something of a smokescreen. Continue reading

Anne Seith – A More Perfect Union – Bank Oversight Plans May Threaten ECB Independence – 9 July 2012

At the last European Union summit, leaders agreed to establish a banking oversight authority. It remains unclear, however, what such a system might look like. The European Central Bank is to play a role, but can it maintain its independence? Continue reading

Mish/ Mike Shedlock – EC President Van Rompuy Releases 7 Page PDF “Towards A Genuine Economic And Monetary Union”; Merkel Says “No Shared Total Liability As Long As I Live” – 26 June 2012

Inquiring minds are reading “Towards a Genuine Economic and Monetary Union” by the gang of four nannycrats: European commission president Herman Van Rompuy, ECB president Mario Draghi,  José Manuel Barroso of the European commission, and Jean-Claude Juncker, the leader of the 17-country eurogroup.

Don’t expect any details. There aren’t any. Instead the document consists of a wish list wrapped in a wordy package that says virtually nothing. Continue reading

Mish/ Mike Shedlock – Is There A Limit On Central Bank’s Ability To Inflate? – 25 June 2012

On Friday, ECB President Mario Draghi announced ECB to Accept BBB- Rated Debt (One Step Above Junk) as Collateral. Reaction from the German central bank was immediate: Bundesbank Swipes at Draghi as European Fault Lines Deepen

“We’re critical of this,” Bundesbank spokesman Michael Best said yesterday. In terms of collateral, “we won’t accept what we don’t have to accept,” he said. Continue reading

Mish/ Mike Shedlock – Casino Bar Shall Remain Open : ECB “On Standby” Promising Liquidity For Greek Election Fallout; Bank Of England Launches Two New Stimulus Packages – 15 June 2012

The message of the day is “damn the consequences, the casino bar shall remain open”, whatever it takes, no matter the consequences to taxpayers who will be responsible for the bar tab.

Bank of England Launches Two New Stimulus Packages

The BBC reports Bank shares jump on new business support plans Continue reading

John Ward – Euroblown : Daftest Idea So Far From The EUnatics – 11 June 2012

ImageEuropean officials are drafting a proposal to issue joint euro-area bonds for countries running a budget deficit if all of the region’s governments agree, Der Spiegel reported yesterday afternoon. The ‘brains’ behind this idea are, predictably, European Commission President Jose Barroso, European Union President Herman van Rompuy, and Luxembourg Prime Minister Jean-Claude Juncker. Continue reading

Mish/ Mike Shedlock – Another Meaningless Nannycrat Rumor : Europe Mulls “Secret Plan For New Europe” – 4 June 2012

A story is making the rounds that suggests leaders are going to get together and hammer out a “fiscal union”.

The story appears to have originated on the Welt Online, a German tabloid. The article mentions a Secret Plan for a New Europe. Continue reading