Seeking Alpha

It tells you all you need to know, says Danske's Owen Callan, that the ECB would consider...

It tells you all you need to know, says Danske's Owen Callan, that the ECB would consider negative deposit rates rather than buying government paper. Draghi saying he has an "open mind" on negative deposit rates looks to be what sent the euro tumbling about 100 pips on one 5-minute bar. FXE -0.6% premarket.
From other sites
Comments (5)
  • Joe2922
    , contributor
    Comments (436) | Send Message
     
    352 Bond Funds bought stocks.
    Central Banks bought stocks.
    Senior Citizens bought dividend payors.
    Next, Martians will buy stocks.
    Everyone Buy Stocks, it's the LAW!
    No way this can end badly, right?
    http://bit.ly/WpVqYk
    2 May 2013, 09:27 AM Reply Like
  • tobaccorogue
    , contributor
    Comments (49) | Send Message
     
    The banksters own the politicians. Otherwise many would already be in jail. In Greece the President was removed when he did not go along with what said banksters wanted. Iceland's economy improved rapidly once they put the feckless bastards there behind bars where they belong. In the US the inmates are clearly in charge of the asylum.
    2 May 2013, 09:48 AM Reply Like
  • volosgirl
    , contributor
    Comments (20) | Send Message
     
    Uh I think someone needs to through a tomato at Mr. Draghi and a bowl of spaghetti. He's talking in circles and never getting to the point. The Euro is finished in a matter of time. Now that's getting to the point.
    2 May 2013, 11:09 AM Reply Like
  • mitrado
    , contributor
    Comments (2027) | Send Message
     
    "The Euro is finished in a matter of time."

     

    Yeah, just like the Dollar! With a bit of luck, they'll come up with a new Global Currency to replace these 2 falling knives. :-P
    2 May 2013, 12:10 PM Reply Like
  • minecanary
    , contributor
    Comments (740) | Send Message
     
    The problem is, it's not negative interest rates for banks to stash money w/the ECB...it's -60% for common depositors ala Cyprus that will become all the rage.
    2 May 2013, 02:57 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs