Chart Of The Day: The Misery In Spain Is Everywhere... And Has Never Been Higher

Tyler Durden's picture


We, just like everyone else, have grown quite tired of all phrases containing some variant of "Pain in Spain." Which is why instead we are focusing on its Misery. As in Misery Index, defined as the combination of inflation and unemployment. Following today's announcement of a surge in Spanish inflation which soared from 2.7% to 3.5%, trouncing expectations of a modest rise to 2.8%, it is clear to see that the Misery in Spain has never been higher.


... which for some context - is double the misery of the average European or Italian and triple that of an American...



Charts: Bloomberg

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Fri, 09/28/2012 - 09:01 | 2838242 LULZBank
LULZBank's picture

Immigrate to Uganda Bitchezz!!!

Fri, 09/28/2012 - 09:02 | 2838250 The Alarmist
The Alarmist's picture

Time to dig up the corpse of Francisco Franco and bring back the good old days.

Fri, 09/28/2012 - 09:08 | 2838270 GetZeeGold
GetZeeGold's picture



Still dead....yup.....still. It's our top story tonight.


Good night....and have a pleasant tomorrow.



Fri, 09/28/2012 - 09:10 | 2838296 bigdumbnugly
bigdumbnugly's picture

We, just like everyone else, have grown quite tired of all phrases containing some variant of "Pain in Spain." Which is why instead we are focusing on its Misery.


well then how bout   'the bacteria in iberia falls mainly on the genitalia.'

Fri, 09/28/2012 - 09:15 | 2838305 BeetleBailey
BeetleBailey's picture

LOL big......LMAO

Fri, 09/28/2012 - 09:39 | 2838407 I am more equal...
I am more equal than others's picture

You were expecting the Spanish Economic Inquisition?

Fri, 09/28/2012 - 09:32 | 2838377 bogbrush
bogbrush's picture

Great stuff guys!!!!!

Fri, 09/28/2012 - 10:17 | 2838643 LMAOLORI
LMAOLORI's picture



How about the obama misery index that would be great stuff for those of us living in the U.S.

Fri, 09/28/2012 - 10:03 | 2838558 Non Passaran
Non Passaran's picture


Europe without the euro is like gain without pain,

But Iberia without the bacteria is like Italia without the genitalia

(Refrain) Bunga bunga, euro euro, pump pump, dump dump ...



Fri, 09/28/2012 - 09:16 | 2838307 MillionDollarBonus_
MillionDollarBonus_'s picture

With the Spanish ten year yield over 6%, this is fine opportunity for shrewd value investors to reinvest their coupons in more high-yielding peripheral debt. At this rate, investors in peripheral debt are compounding a 3% return semi-annually for some spectacular gains.

Fri, 09/28/2012 - 09:22 | 2838329 Yes_Questions
Yes_Questions's picture



Said the Coach of Sarcastopost.

Sat, 09/29/2012 - 16:17 | 2842014 akak
akak's picture

Oh, I am SO going to believe everything MDB says from now on!

He is just SO intelligent and wise!  Check that, perfectly intelligent and wise!

Fri, 09/28/2012 - 09:26 | 2838347 The Alarmist
The Alarmist's picture

I'd rather invest in Ireland, where the capital is Dublin every day.

Fri, 09/28/2012 - 09:30 | 2838369 LULZBank
LULZBank's picture

I totally "like" your investment strategy.

Fri, 09/28/2012 - 10:18 | 2838649 wandstrasse
wandstrasse's picture

near where I grew up there is a village called 'Halfing'.

Fri, 09/28/2012 - 09:32 | 2838374 hapless
hapless's picture

Going towards the light...

Fri, 09/28/2012 - 09:35 | 2838389 mayhem_korner
mayhem_korner's picture

"high yielding peripheral debt"


Very nice.  I think what you're saying is that investing in Spanish bonds is like playing roulette with 33 green numbers on the wheel.

Fri, 09/28/2012 - 10:30 | 2838720 Taint Boil
Taint Boil's picture



Dear Mr. Million Dollar Bonus,


When ever I have the pleasure and luck of coming across your posts the hair on my neck stands up and it tingles with excitement. When the sweet poetry of intelligence that flows out of your key board and into my simple brain it makes every molecule in my body explode into …. into a …  well better not say here on Zero Hedge.


It is an honor and privilege to have access to your writings and opinions. Please keep up the good work and please ignore the down arrows – they just don’t understand.


Taint Boil


Fri, 09/28/2012 - 11:06 | 2838922 crusty curmudgeon
crusty curmudgeon's picture

I know it's wrong to feed the trolls, but sometimes you just have to, don't you?

Fri, 09/28/2012 - 11:14 | 2838962 OutLookingIn
OutLookingIn's picture

Forget about the return on my cash.

I just want the cash returned!

Fri, 09/28/2012 - 09:28 | 2838362 Peter Pan
Peter Pan's picture

You don't need the corpse of Franco. His ghost will be enough.

Fri, 09/28/2012 - 10:02 | 2838548 aint no fortuna...
aint no fortunate son's picture

yah, yah, but if you turn those chart thingies upside down they look just fine, so what's the big deal?

Fri, 09/28/2012 - 09:03 | 2838254 GetZeeGold
GetZeeGold's picture



Damn the torpedoes......and send in the bankers.


Fri, 09/28/2012 - 10:54 | 2838852 LongSoupLine
LongSoupLine's picture

Wow, I don't understand why so miserable...after all, the iPhone 5 is out.  I mean, come on...

Fri, 09/28/2012 - 14:54 | 2839745 MillionDollarBoner_
MillionDollarBoner_'s picture

No need to emigrate, bwana.

Uganda is coming to you !;o)

Fri, 09/28/2012 - 18:38 | 2840341 They Tried to S...
They Tried to Steal My Gold's picture

If I didnt have so many friends there ............I'd Stand up and say " Now that's cmedy."

Fri, 09/28/2012 - 09:03 | 2838246 KidHorn
KidHorn's picture
  • This will quell the rioting.
Fri, 09/28/2012 - 10:50 | 2838834 goldfish1
goldfish1's picture

Catalonia: Black Swan of Barcelona


Madrid/Brussels: Spain lurched further towards a full-blown constitutional crisis as Catalonia announced a snap election potentially opening the way for the country's most economically important region to declare independence from Madrid.

As police in the Spanish capital barricaded the Spanish parliament against anti-austerity protestors, the government of Mariano Rajoy vowed to stand firm against a drive by Catalonia for secession as the Spanish leader faces the most critical period of his premiership.

"The hour has come to exercise our right to self rule," said Artur Mas, Catalonia's president. He called the vote, which is likely to be cast as a proxy referendum on Catalan independence, after Mr Rajoy last week rejected his demands for greater fiscal autonomy, triggering a wave of nationalist sentiment in the northern region.

Fri, 09/28/2012 - 09:02 | 2838247 Debtonation
Debtonation's picture

And it's going to get worse

Fri, 09/28/2012 - 10:37 | 2838755 Captain Kink
Captain Kink's picture

And coming to a nation near you!

Fri, 09/28/2012 - 09:03 | 2838251 youngman
youngman's picture

They have nice dumpsters though.....very pretty......

On another can´t rhyme with Misery.......pain yes....misery no

Fri, 09/28/2012 - 09:10 | 2838291 crusty curmudgeon
crusty curmudgeon's picture

Hillary comes close

Fri, 09/28/2012 - 09:27 | 2838351 Yes_Questions
Yes_Questions's picture





The banksters cause the misery

And bring about their pillory

Fri, 09/28/2012 - 09:50 | 2838477 LMAOLORI
LMAOLORI's picture



HiTlary Clinton: Raise Taxes on the Rich Everywhere

Fri, 09/28/2012 - 10:48 | 2838822 Temporalist
Temporalist's picture

Is there a time in history when there's been greater misery? 

Fri, 09/28/2012 - 09:04 | 2838258 HelluvaEngineer
HelluvaEngineer's picture

Just heard our parent Corp. is pulling all operations out of Southern Europe.  Writing off a huge loss.

Fri, 09/28/2012 - 09:04 | 2838259 q99x2
q99x2's picture

Seems to match the NWO's opium production index.

Fri, 09/28/2012 - 09:34 | 2838384 Jack Burton
Jack Burton's picture

There is a good reson the NWO invasion force brought all poppy fields back on line and allied with the Aghan drug lords. The poor and unemplyed desperate masses crave drugs when all else in their lives turns to crap. Big profits. Go long opium.

Fri, 09/28/2012 - 10:00 | 2838535 DaveyJones
DaveyJones's picture

Poppies will make them sleep

Fri, 09/28/2012 - 09:05 | 2838262 Quinvarius
Quinvarius's picture

Think of it as an opportunity for improvement. Christine legarde can use that line on her next review.

Fri, 09/28/2012 - 09:05 | 2838264 Dr. Engali
Dr. Engali's picture

I'm pretty sure that's healthy for societal stability.

Fri, 09/28/2012 - 09:06 | 2838272 Stuck on Zero
Stuck on Zero's picture

Is the misery index calculated using official government figures for unemployment and inflation?  Right.


Fri, 09/28/2012 - 09:08 | 2838276 spanish inquisition
spanish inquisition's picture

Do any of these countries measure the way the US does? Or can they revise their way to happiness like the US?

Fri, 09/28/2012 - 09:09 | 2838286 the not so migh...
the not so mighty maximiza's picture

These are the revised numbers.

Fri, 09/28/2012 - 09:53 | 2838284 fuu
fuu's picture

Yeah but it's mostly in the plain.

Fri, 09/28/2012 - 09:10 | 2838290 Ralph Spoilsport
Ralph Spoilsport's picture

The pain in Spain falls mainly on the plain.

Fri, 09/28/2012 - 09:52 | 2838490 LMAOLORI
LMAOLORI's picture



The pain in France falls mainly on the rich

They did it 75% tax rate

Fri, 09/28/2012 - 09:10 | 2838292 Jason T
Jason T's picture

yet my utility company, NYSEG, is owned by a Spanish utility.. Iberdrola.



Fri, 09/28/2012 - 09:15 | 2838304 The Alarmist
The Alarmist's picture

Not for long ... just like Pebble Beach golf course, the locals are going to have the last laugh when they buy it back at pennies on the dollar.  

See, this Euro-Crisis shit has a bright side after all.

Fri, 09/28/2012 - 09:12 | 2838300 new game
new game's picture

time to print some more misery and false illusion.

surely we have a solution-same as the last.

we are with the bank(gubmnt) and come to help...

hands to ankles please-I said NOW, cause we have a gun this time...

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