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Eurozone As Hogwarts: Where Are Albus Mario Dumbledore And Expelliarmus Debtus?

Tyler Durden's picture





 

If there was one analogy for the failing artificial Eurozone system we had not heard so far, was one comparing it to Hogwarts (thank you Harry Potter). Now, courtesy of Tullet Prebon that is no longer the case...

From Tullett Prebon: New Term Begins At Hogwarts

Albus Mario Dumbledore and Harry Constancio Potter are due to assemble next Thursday for the next episode of the sovereign Voldemort saga. It is foretold that during the press conference the headmaster will unveil his wand and deliver an almighty spell, ‘Expelliarmus Debtus’, whereupon the dreaded Troika Dementors will be vaporised disappearing into the austerity vortex, leaving the Muggles to live happily ever after.
 
Fact is stranger than fiction, the reality being that J K Rowling’s stories are tame compared to the economic realities facing the declining fortunes of Europe. Hungary is rapidly becoming another Greece, Ireland is poised to return to official recession (so much for the austerity poster child), Spanish unemployment rises unabated, Unicredit offers a 70% discount on shares to entice investors, the SNB president has allegedly been caught with his hands in the till and the revelation in the Daily Telegraph this morning of cynical tax evasion by wealthy Italians merely represents the tip of the iceberg.
 
The only surprise really is that the Euro edifice and the neo liberal free market globalisation ideology still remains for the most part intact – the ECB, alongside the other major central banks, have done everything in their power to save the banking system or, rather, intrinsically insolvent institutions, but the armoury is running out of supplies. We have observed Euribors falling fairly dramatically of late based on nothing more than thin air but lending into the real economy will not be improved, exacerbated by, or even because of, the wholesale cut backs in the public sector as recommended by the fiscal rectitude hawks.
 
As anticipated the eonia slid to 0.369% from 0.385% last night due primarily to the reduced participation from Germany (regional holiday), this value or thereabouts to be repeated again tonight. The scene is set for the eonia to resume on Monday adjacent to this figure and dwindle for the remnants of this MP indicating an average for the December run somewhere near to 0.46%. January, in comparison, will be beneath 0.35%, the halving of the reserve requirement being of major significance.
 
The Harry Potter series began in 1997 and ended in 2011 – the Euro commenced in 1999…
 

 


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Fri, 01/06/2012 - 15:25 | Link to Comment redpill
redpill's picture

Beware of "He Who Must Not Be Named" - VOLDERNANK!

 

Fri, 01/06/2012 - 15:26 | Link to Comment TruthInSunshine
TruthInSunshine's picture

Or, at least as importantly, where is Rumpelstilzchen  (aka Rumpelstiltskin)?

Today I brew, tomorrow I bake;
And then the Prince child I will take;
For no one knows my little game
That Rumpelstiltskin is my name!

--Or, in German (don't EVEN tell me my German is off, bitchez)--:

Heute back ich, morgen brau ich,
Übermorgen hol ich mir der Königin ihr Kind;
Ach, wie gut, dass niemand weiß,
dass ich Rumpelstilzchen heiß
Fri, 01/06/2012 - 15:28 | Link to Comment redpill
redpill's picture

"Some people call it kidnapping,

I just call it surprise adoption."

-Iosef Benjamin Shalom Rumpelstiltskin

Fri, 01/06/2012 - 15:30 | Link to Comment Mercury
Mercury's picture

I'm pretty sure the Muggles are fucked.

The Lord of the Rings is a better analogy though (so far we don't have a Frodo but we do have ringwraiths and a Sauron).  And the one-ring-to-rule-them-all needs to be destroyed before it hubristic, central-planning superpowers subject the masses to eternal servitude.

Fri, 01/06/2012 - 15:31 | Link to Comment redpill
redpill's picture

 

Timmy G would make a fabulous Gollum, or at least a goblin.

Fri, 01/06/2012 - 16:24 | Link to Comment Mercury
Mercury's picture

No, Geithner is Grima Wormtounge

 

Gollum is probably Lloyd Blankfein...ostensibly trying to “help” our heroes on their quest but really he wants the power for himself.

 
What has it got in it’s pocketseezz? We wants it! We wants the precious!!!

 

Fri, 01/06/2012 - 15:19 | Link to Comment Irish66
Irish66's picture

William must have a picture to go with this, please

Fri, 01/06/2012 - 15:20 | Link to Comment Gubbmint Cheese
Gubbmint Cheese's picture

patiently awaiting a "Super Troopers" analogy.. "littering and.. littering and.. littering and..."

 

 

Fri, 01/06/2012 - 15:27 | Link to Comment marcusfenix
marcusfenix's picture

"smokin' the fiat ponzi paper"

Fri, 01/06/2012 - 15:20 | Link to Comment Tortfeasor
Tortfeasor's picture

This is a meme I do NOT want

Fri, 01/06/2012 - 15:21 | Link to Comment Manthong
Manthong's picture

Mario has a crush on Hermione?

http://www.youtube.com/watch?v=ZFuaajTvwwk

Fri, 01/06/2012 - 15:24 | Link to Comment LouisDega
LouisDega's picture

Expelliarmus Deptus.. Let me guess... Road runner , Wile E Cyote??

Fri, 01/06/2012 - 15:23 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

'The only surprise really is that the Euro edifice and the neo liberal free market globalisation ideology still remains for the most part intact – the ECB, alongside the other major central banks, have done everything in their power to save the banking system or, rather, intrinsically insolvent institutions, but the armoury is running out of supplies'

Everything in their power? Aside from monetization and ZIRP, I'd really enjoy a presentation of "everything", bulletpoint form would be fine...

Fri, 01/06/2012 - 15:47 | Link to Comment marcusfenix
marcusfenix's picture

-held meeting

-held another meeting

-held summit, at which follow up meeting was agreed upon

-bombed Libya

-held meeting, released bazooka rumor

-retracted bazooka rumor

-held summit, asked china for money

-held meeting no money from China

-held meeting released 2nd bazooka rumor

-retracted 2nd bazooka rumor

-held meeting decided to have broke countries contribute funds to be used to bail them out

- held meeting decided to have GS banksters made the official rulers of the EU

-held meeting outraged at the idea of Greek people voting

-held meeting concluded Iran are the worst bad guys ever

-held meeting can overlord Bernanke bail us out again?

-held meeting no

- held meeting if the Euro falls the world will devolve into chaos and war and aliens might invade



Fri, 01/06/2012 - 16:08 | Link to Comment Lets Hang Parliament
Lets Hang Parliament's picture

The extra terrestrial "Squid" is already here...

Fri, 01/06/2012 - 15:27 | Link to Comment The Reich
The Reich's picture

Avada Kedavra, €uro!!

Fri, 01/06/2012 - 15:33 | Link to Comment BW
BW's picture

PSLV to SLV new record premium 32%

Fri, 01/06/2012 - 15:59 | Link to Comment Village Smithy
Village Smithy's picture

Thanks for the heads up. There is a growing divergence here, PSLV up a little on the day and SLV down 2%. That has to mean something.

Fri, 01/06/2012 - 15:38 | Link to Comment Paigow
Paigow's picture

A better analogy is Alchemy.

The ponzi master are trying to create gold out of paper!

Fri, 01/06/2012 - 16:01 | Link to Comment NotApplicable
NotApplicable's picture

And at the end of series, Emma Watson got a major haircut that turned out to be so popular, it's the hairstyle of the year.

http://www.eonline.com/news/justin_bieber_emma_watson_had_most/283081

Fri, 01/06/2012 - 16:04 | Link to Comment Piranhanoia
Piranhanoia's picture

Don't you hate it when someone quotes a book and has clearly only read the movie?

Fri, 01/06/2012 - 16:24 | Link to Comment bankofvol
bankofvol's picture

According to several Euro area banks CEO EBA MtoM rule for Gvt bonds make Banks structurally unable to absorb Eur 800bln of Sovereign Bond expected in 2012

Fri, 01/06/2012 - 16:25 | Link to Comment boiltherich
boiltherich's picture

Spoiler alert, the sequel is nearly ready, the adult version, Perry Hotter and the Chamber of Victoria's Secrets.  Or, was that Perry Hotter and the Oder of the Penis?  Or, Perry Hotter and The Giblets on Fire?  No matter, we muggle 99% are getting fucked in every version.  Maybe it was Perry Hotter and The Philosopher's Stones? 

Sat, 01/07/2012 - 02:08 | Link to Comment StychoKiller
Fri, 01/06/2012 - 22:33 | Link to Comment Blank Reg
Blank Reg's picture

"A Ponzi scheme this is. Totally fucked we are."

~ Yoda

Sat, 01/07/2012 - 06:02 | Link to Comment ZeroPower
ZeroPower's picture

What the..? A bit of JK Rowling talk and then EONIA for good measure, to confirm this is a finance article? Fucking brokers!

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