ECB Pres Nominee Lagarde: Inflation Is Persistently Too Low

I can see Euro heading down the Bank of Japan path under her. It's really scary how she happened to be an option. I'm not sure what's worst at this moment.

Sep 4, 2019 9:02am

Quoting Aaafx-trader

Disliked

{quote} No, just a coincidence she happens to be in the finance minister chair 1 year and few months before the crisis .. I'm not saying she is responsible for, but she was there! It all started in BNP Paribas and she ... as pattern holds, did nothing!

Ignored

"I'm not saying she is responsible for, but she was there!" what kind of double talk is that?
I was there and so were you. We had no agency.
There were a lot of people with agency with power of influence.. none did anything.
My point is that at this point, leveling specific criticism of Legard for that lapse is pedantic and opportunistic.
Everybody fkuced up. And I sure wouldn't be looking in Europe or France to paint with responsibility for what was a unprecedented global US created cluster-fkuc.

Sep 4, 2019 8:14am

Quoting Momofrmnyc

Disliked

{quote} To quote Mike Shedlock "It's rare to find someone who is consistently wrong on everything. Christine Lagarde...comes close"

Ignored

So put her in charge of the money!

Oh, wait! Is that a bad idea???

Sep 4, 2019 7:40am

Quoting Skracor247

Disliked

Lagarde didn't get to satisfy her need to print currency at the IMF. Now she wants to run the presses in the Euro Zone.

Ignored

Lagarde is nothing more than an overpaid bureaucratic that does what she was told ... if it wasn't for Mario Draghi, the European Union would have collapsed! Go back and see her history. She was right there during the financial crisis and did nothing! Only got promoted and out of the country. Despite being the finance minister and partly responsible for Bank oversight! The whole financial crisis of 2008 started in France, BNP Paribas, right under her nose. Her track record in the IMF leaves nothing but a fuckup after a fuckup! Argantina, Greece, Cyprus and now Egypt.

At this point, i'm willing to accept Weidmann as a candidate over this moron

auricforecas

Sep 4, 2019 4:44pm

Yeah, she is buttering us for another cuts/printing... Same old formula for status quo-ers... Well I am not complaining... have been waiting for helicopter money for quite some time now

We are certainly getting into that direction... And/or to get RETURN on DEBT

that would be epic... Can I have 100k loan please.. and how much will you pay me to keep the money for 5years?

It is a joke but also becoming reality... But due to that fact.. there are many opportunities, people are looking for alternative investments/deposits.. since bank returns, at least in EU.. became a joke.. so many retirement/pension plans that were hoping to live on interests.. went to.. (somewhere)... That is also the reason why many markets got expanded beyond imagination... Many opportunities... It also changes the market with many new (personal) investors/traders.. we must factor that in also...

Sep 4, 2019 8:50am

Quoting Aaafx-trader

Disliked

{quote} The whole financial crisis of 2008 started in France, BNP Paribas, right under her nose. ..

Ignored

What ever about your other points maybe good.. in relation to Legarde being responsible for the 2008 crisis.. have you given leave of your senses ?

You are developing some credibility as an informed opinion on these threads which I endorse.. and applaud..

Dont overplay your hand.

Sep 4, 2019 9:08am

Quoting Aaafx-trader

Disliked

And here is me, the naive, thinking that Boris & Farage were wrong all along ... turn out they saw it miles away!

Ignored

Now aint that a statement.
thanks for your clarification.

Sep 4, 2019 9:27am

Quoting Aaafx-trader

Disliked

{quote}
Lets recap: Incompetence, ignorance and disaster track record ... this doesn't end up usually with happy endings.
..

Ignored

I dont recognise your characterisation. But that aside..
You completely misunderstand the role of President of the ECB.
Draghi success in the ECB was as a result of his POLITICAL SKILLS.
Not his economic ones.

Sep 4, 2019 10:17am

Quoting Aaafx-trader

Disliked

This is my last comment, because this went too far and we spend too much energy on: I'm not biased to any side; very determinate to trading. Just the Lagarde thing give me an insight what to expect when something will go wrong. In a crisis, rest assure she will coward and wait for things to get worse. So the days of markets fearing Mario is over. We have a bureaucratic politician, who will care more about someone else getting the blame than fixing a problem... aka, bad become worse and market expectation will always be lower than expected! You can...

Ignored

Yes. We agree on too much to allow differing views on this to consume time or energy. Certainly here.
/EndOf..
Good Trading (as they say..LoL)

Sep 4, 2019 7:52am

Quoting Aaafx-trader

Disliked

{quote} Lagarde is nothing more than an overpaid bureaucratic that does what she was told ... if it wasn't for Mario Draghi, the European Union would have collapsed! Go back and see her history. She was right there during the financial crisis and did nothing! Only got promoted and out of the country. Despite being the finance minister and partly responsible for Bank oversight! The whole financial crisis of 2008 started in France, BNP Paribas, right under her nose. Her track record in the IMF leaves nothing but a fuckup after a fuckup! Argantina,...

Ignored

I'm with you on this one. She shouldn't be in finance at all.

Sep 4, 2019 8:08am

Quoting Aaafx-trader

Disliked

{quote} If this moron is in charge and a new crisis hit ... she will be very okay to raid banks deposits or any of the crazy shit the Germans were demanding! Seems like France, with all its brilliant people ran out of candidate but Lagarde. Shame ... what a big shame!

Ignored

When a new crisis hits...

Momofrmnyc

Sep 4, 2019 8:09am

Quoting Aaafx-trader

Disliked

{quote} If this moron is in charge and a new crisis hit ... she will be very okay to raid banks deposits or any of the crazy shit the Germans were demanding! Seems like France, with all its brilliant people ran out of candidate but Lagarde. Shame ... what a big shame!

Ignored

To quote Mike Shedlock "It's rare to find someone who is consistently wrong on everything. Christine Lagarde...comes close"

JensOhle

Sep 4, 2019 3:55am

Sure ... privat credit expansion on hold ... money flowing to the "asset-have-its" and not to the "working-have-nots" ... but where is the news?

Sep 4, 2019 7:06am

How this woman is still around after all the fuckups she was involved in ... is beyond me!

Sep 4, 2019 8:20am

Quoting Momofrmnyc

Disliked

{quote} To quote Mike Shedlock "It's rare to find someone who is consistently wrong on everything. Christine Lagarde...comes close"

Ignored

She is a lawyer ... what do you think! Doesn't even have a degree in economics.

Sep 4, 2019 8:44am

Quoting Momofrmnyc

Disliked

I can see Euro heading down the Bank of Japan path under her. It's really scary how she happened to be an option. I'm not sure what's worst at this moment.

Ignored

This why it make more sense to bring someone from SNB or even the UK?! Both have ridiculous qualification and experience handing inflation ... but Lagarde?! The woman responsible for the fishing ministry?!
God help us

hesron

Sep 4, 2019 5:58am

ECB is true .. inflation rate drop to 1% ... so she wants very weakness euro

afevir

Sep 4, 2019 3:54am

i like this , Lagarde wants to be president

Sep 4, 2019 7:22am

Lagarde didn't get to satisfy her need to print currency at the IMF. Now she wants to run the presses in the Euro Zone.

gespiri

Sep 4, 2019 8:49am

Yeah.....so what? Low inflation = low volatility = low risk.
Good for the people, bad for the banks.

TMR

Sep 5, 2019 2:29am

IMF Chief Christine Lagarde: "We Should Be Open to Cryptocurrencies"

Sep 4, 2019 4:15am

Storm in the toilet

Sep 4, 2019 7:56am

Quoting Skracor247

Disliked

{quote} I'm with you on this one. She shouldn't be in finance at all.

Ignored

If this moron is in charge and a new crisis hit ... she will be very okay to raid banks deposits or any of the crazy shit the Germans were demanding! Seems like France, with all its brilliant people ran out of candidate but Lagarde.
Shame ... what a big shame!

Sep 4, 2019 8:23am

The contrast is just staggering between the successful bailout of Ireland, just before Largarde head the IMF! Fast foward few years later and we get the four fucks: Greece, Cyprus, Egypt and now Argentina

Sep 4, 2019 8:53am

Quoting RossEdwards

Disliked

{quote} What ever about your other points may good.. in relation to Legarde being responsible for the 2008 crisis.. have you given leave of your senses ?

Ignored

No, just a coincidence she happens to be in the finance minister chair 1 year and few months before the crisis ..

I'm not saying she is responsible for, but she was there! It all started in BNP Paribas and she ... as pattern holds, did nothing!

Sep 4, 2019 9:15am

Quoting RossEdwards

Disliked

{quote} I was there and so were you. We had no agency. There were a lot of people with agency with power of influence.. none did anything. My point is that at this point, leveling specific criticism of Legard for that lapse is pedantic and opportunistic. Everybody fkuced up. And I sure wouldn't be looking in Europe or France to paint with responsibility for what was a unprecedented global US created cluster-fkuc.

Ignored

That would be justified excuse and in everyone defense it was a bigger crisis than anyone expected! Yet, quite similar to a fire starting in the middle of a forest. The gatekeepers, the people we trust to do the right thing ... turned out to be not the right people after all! so she gets a pass on the first one, despite belonging the jail cell. Next you get the IMF, same pattern and incompetence. What do you think will happen in the ECB?! The simple answer is: She is a politician and will do what she told ... as long as there is a seat and someone else to blame. It the simple explanation really.

Lets recap: Incompetence, ignorance and disaster track record ... this doesn't end up usually with happy endings.

Sep 4, 2019 9:47am

Quoting RossEdwards

Disliked

{quote} I dont recognise your characterisation. But that aside.. You completely misunderstand the role of President of the ECB. Draghi success in the ECB was as a result of his POLITICAL SKILLS. Not his economic ones.

Ignored

Economics and politics goes hand to hand! To be a great economist, you need to learn how to advocate and play politics ... and vice versa! Yet, they don't substitute each other, at such a technical and vital organization. Mario is not just a central Banker, he is the Italian Central Banker. A country with tradition of borrowing and lending money that goes back at minimum ten centuries.

Sep 4, 2019 9:54am

This is my last comment, because this went too far and we spend too much energy on:

I'm not biased to any side; very determinate to trading. Just the Lagarde thing give me an insight what to expect when something will go wrong. In a crisis, rest assure she will coward and wait for things to get worse. So the days of markets fearing Mario is over. We have a bureaucratic politician, who will care more about someone else getting the blame than fixing a problem... aka, bad become worse and market expectation will always be lower than expected! You can also bank on her taking the wrong decision all the time ...

Amrak

Sep 4, 2019 4:04am

Well...Eur is up across the board ,

Rakeem

Sep 4, 2019 3:55am

This bitches is usd long, Inflation in euro area is higher than US, with too low interest rate!

Trader#73CA

Sep 4, 2019 5:15am

Inflation to low, print more money and we will be "mindful" of its negative effects afterwards LOL!!!!

Trader#73CA

Sep 4, 2019 5:20am

Quoting Rakeem

Disliked

This bitches is usd long, Inflation in euro area is higher than US, with too low interest rate!

Ignored

Are you actually being serious or are you joking? Where are you getting your numbers from? The ECB's mandate is to get inflation back to 2%. They have spent ten years trying to do that including zero interest rates and QE without any joy. The zone has been stagnating and now is contracting and inflation is no where near 2%

donroyalfx

Sep 4, 2019 8:57am

Lagarde ? no directions yet! we are looking in few days we shall know ...

Sep 4, 2019 9:02am

And here is me, the naive, thinking that Boris & Farage were wrong all along ... turn out they saw it miles away!

Trader#1574

Sep 6, 2019 4:47am