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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LULZBank's picture

Immigrate to Uganda Bitchezz!!!

The Alarmist's picture

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

GetZeeGold's picture



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


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



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.'

I am more equal than others's picture

You were expecting the Spanish Economic Inquisition?

LMAOLORI's picture



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

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 ...



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.

Yes_Questions's picture



Said the Coach of Sarcastopost.

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!

The Alarmist's picture

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

LULZBank's picture

I totally "like" your investment strategy.

wandstrasse's picture

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

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.

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


crusty curmudgeon's picture

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

OutLookingIn's picture

Forget about the return on my cash.

I just want the cash returned!

Peter Pan's picture

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

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?

GetZeeGold's picture



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


LongSoupLine's picture

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

MillionDollarBoner_'s picture

No need to emigrate, bwana.

Uganda is coming to you !;o)

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."

KidHorn's picture
  • This will quell the rioting.
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.

Debtonation's picture

And it's going to get worse

Captain Kink's picture

And coming to a nation near you!

youngman's picture

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

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

Yes_Questions's picture





The banksters cause the misery

And bring about their pillory

LMAOLORI's picture



HiTlary Clinton: Raise Taxes on the Rich Everywhere

Temporalist's picture

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

HelluvaEngineer's picture

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

q99x2's picture

Seems to match the NWO's opium production index.

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.

DaveyJones's picture

Poppies will make them sleep

Quinvarius's picture

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

Dr. Engali's picture

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

Stuck on Zero's picture

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


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?

fuu's picture

Yeah but it's mostly in the plain.

Ralph Spoilsport's picture

The pain in Spain falls mainly on the plain.

Jason T's picture

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



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.

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...