With the ECB and Super Mario Draghi saying that the bank will buy mucho anything (but not gold) I thought we would go The Full Mucho with this weekend's chillout.
Actually so Mucho that I am going to attend the launch of Frances Madden band's first studio album this Saturday night at an underground jazz club in Sydney. If you would also like to come along the details are here
Always the Western Central Banker, when discussing QE Draghi says - "We discussed (buying) all assets but Gold"
Dec. 5 (Bloomberg) -- European Central Bank President Mario Draghi spoke
at a news conference in Frankfurt on Dec. 4 about interest rates, the
euro-area economy and details of the ECB's purchase of covered bonds and
asset-backed securities. (Excerpts. Video courtesy of European Central
Bank. Source: Bloomberg).
In this episode of the Keiser Report, Max Keiser and Stacy Herbert are joined by Liam Halligan of Business New Europe (www.bne.eu) to discuss Martin Wolf’s analytical article in the Financial Times about the “radical measures” needed to combat our “unusual economic ills.” They also discuss Max’s response, published as the lead “Letters” item in the FT. In the second half, Max interviews Chris Powell of GATA about the failed Swiss Gold Initiative, the successful Dutch repatriation of 122 tons of gold and about the negative GOFO rates in the gold market.