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.

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Comments (5)
  • Joe2922
    , contributor
    Comments (477) | 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?
    2 May 2013, 09:27 AM Reply Like
  • tobaccorogue
    , contributor
    Comments (103) | 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 (2033) | 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 (1234) | Send Message
    The problem is, it's not negative interest rates for banks to stash money w/the's -60% for common depositors ala Cyprus that will become all the rage.
    2 May 2013, 02:57 PM Reply Like
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