There's so much news happening around the world that we're somehow supposed to stay on top of.

That's why we launched The Big Take. It's a daily podcast from Bloomberg and I Heart

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I'm Wes Kossova.

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Comments on negative rates and his comments on the future path for his

central bank. It's going to take a lot to sort out everything that they have done

today and we'll continue doing that with Brandon Brown from Mitsubishi UFJ

and Wacham Phelpsz from Pimco.

In just a moment you're listening to continuing coverage of the ECB decision in Mario

Draghi's press conference on Bloomberg 1130, W-BX, K.S. Newton, WJM, 94.5, HD2, Boston.

Bloomberg 960, KNEW, Oakland, KOSF,103.7 HD2 San Francisco,

Bloomberg 99-1-N-E-W, FM Bowie, and WJZ 105.7 HD2,

Catonsville, and, of course of course around the world on satellite radio.

Before we get to Dr. Fells, Brendan Brown with two more questions if we could.

You've been so patient to listen to this historic moment.

Here's a frontline academic dealing with nothing he learned at

MIT or you learned with your esteem career or what Yacham fells learned at Morgan Stanley

in PIMCO. It's original territory. Where does Draghi go from here?

Well, I think where Draghi goes from here will depend very much on the reaction from outside the ECB halls and how Germany and German political opinion responds to this and how eventually US and opinion elsewhere because what we're seeing here is an assault, a currency market assault,

although it hasn't been so successful within within the last half hour.

...