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Draghi: Maybe something is lost in translation (even though he's speaking in English), but the...

  • Thursday, August 2, 2012, 9:33 AM ET
    Draghi: Maybe something is lost in translation (even though he's speaking in English), but the man seems confused, saying his remarks last week were meant to convey it's "pointless to go short the euro." The permanence of the euro and the euro's value are two very different things, no? Last week's initial post on his comments.
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This news story has 8 comments:

  • This guy needs to be fired... what a goat
    2 Aug 2012, 09:33 AM Reply Like
  • Agreed. Draghi just lost his face and will no longer be believable.
    2 Aug 2012, 09:38 AM Reply Like
  • The way he just throws out comments that he KNOWS the markets will react too are criminal in my mind...
    2 Aug 2012, 09:40 AM Reply Like
  • I imagine this is the closest we'll ever get to hearing a central banker admit to short roasting.
    2 Aug 2012, 09:34 AM Reply Like
  • a German Boots kicked him
    2 Aug 2012, 10:48 AM Reply Like
  • Sold Euro/USD on the fizzle of the Draghi
    put to hedge our equites will run on Hope
    perhaps into the jobs # tomorrow if no joy
    odds are we go lots lower.
    2 Aug 2012, 12:17 PM Reply Like
  • Tomorrow you will be saying the opposite since it went up 2 cents today. Only your claims of past trades are profitable. Unlike any human in the history of Earth you make the world's highest ever profits on not only stocks but also on options and also on currency.
    3 Aug 2012, 03:49 PM Reply Like
  • the best predictor of future behavior is past behavior...

    this is what the eurocrats have done since the start of this crisis: make big announcements with a lot of fanfare and then no effective follow-through until it is too late.

    project that pattern to its logical conclusion and the eurozone is going to collapse, and the euro is going to zero.
    2 Aug 2012, 12:18 PM Reply Like
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DJIA (DIA) S&P 500 (SPY)