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Chart Of The Day: The Misery In Spain Is Everywhere... And Has Never Been Higher
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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Immigrate to Uganda Bitchezz!!!
Time to dig up the corpse of Francisco Franco and bring back the good old days.
Still dead....yup.....still. It's our top story tonight.
http://www.youtube.com/watch?v=ESyTVnxxrPc
Good night....and have a pleasant tomorrow.
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.'
LOL big......LMAO
You were expecting the Spanish Economic Inquisition?
Great stuff guys!!!!!
How about the obama misery index that would be great stuff for those of us living in the U.S.
+1
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 ...
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.
Said the Coach of Sarcastopost.
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!
I'd rather invest in Ireland, where the capital is Dublin every day.
I totally "like" your investment strategy.
near where I grew up there is a village called 'Halfing'.
Going towards the light...
"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.
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
I know it's wrong to feed the trolls, but sometimes you just have to, don't you?
Forget about the return on my cash.
I just want the cash returned!
You don't need the corpse of Franco. His ghost will be enough.
yah, yah, but if you turn those chart thingies upside down they look just fine, so what's the big deal?
Damn the torpedoes......and send in the bankers.
Wow, I don't understand why so miserable...after all, the iPhone 5 is out. I mean, come on...
No need to emigrate, bwana.
Uganda is coming to you !;o)
If I didnt have so many friends there ............I'd Stand up and say " Now that's cmedy."
Catalonia: Black Swan of Barcelona
http://dareconomics.wordpress.com/2012/09/26/black-swan-of-barcelona/
and
http://ibnlive.in.com/news/secession-crisis-heaps-pain-on-spain/295512-7...
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.
And it's going to get worse
And coming to a nation near you!
They have nice dumpsters though.....very pretty......
On another note....you can´t rhyme with Misery.......pain yes....misery no
Hillary comes close
Pillory
The banksters cause the misery
And bring about their pillory
HiTlary Clinton: Raise Taxes on the Rich Everywhere
http://www.cnbc.com/id/49152952
Is there a time in history when there's been greater misery?
Just heard our parent Corp. is pulling all operations out of Southern Europe. Writing off a huge loss.
Seems to match the NWO's opium production index.
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.
Poppies will make them sleep
Think of it as an opportunity for improvement. Christine legarde can use that line on her next review.
I'm pretty sure that's healthy for societal stability.
Is the misery index calculated using official government figures for unemployment and inflation? Right.
Do any of these countries measure the way the US does? Or can they revise their way to happiness like the US?
These are the revised numbers.
Yeah but it's mostly in the plain.
The pain in Spain falls mainly on the plain.
The pain in France falls mainly on the rich
They did it 75% tax rate
http://www.reuters.com/article/2012/09/28/us-france-budget-idUSBRE88R0AK20120928
yet my utility company, NYSEG, is owned by a Spanish utility.. Iberdrola.
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.
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...
.
.
Inflation is alive and well, despite 25% unemployment.
25% is the new "full" employment. There, fixed.
Need to get back in the boats, travel to the Americas, enslave the native population, and make them mine gold for you. Ah, the good old 1500s.
And on the idiot channel, with that moron Cramer the headline is "Are Spains banks in trouble". Where the hell have these dumb people been?
What a waste, cnbc.
Two steps:
1) Turn it off
2) Email their sponsors and tell them you'll be buying competing products until they stop advertising on CNBC.
Done.
Yes but misery leads to "retail therapy" which leads to economic recovery....It is, therefore, BULLISH!!!
Quick...somebody send this chart to Steve Liesman!!!!
Is Spanish inflation and unemployment less fudged than U.S. and it's B.S. statistics?
Perhaps if we had a Germany to bail us out ours might be a little more realistic and count people who dropped out of the workforce and the cost of food and gas?
Perhaps if we had youth unemployment of 50% we'd have some real riots in Wall Street and Washington D.C.? Too bad there are so many Starbucks, bling eateries, and distracting iPhones (?).
I bet 30% of the Spanish Market is now underground.....all cash....
Yeah, there is a burgeoning black economy - but a lot of it is at little more than subsistence level. A number of Spanish nationals have made their way to the paradise that is northern Europe - but in their rush to leave seemingly forgot to de-register for Spanish unemployment benefits.
Miseria en Iberia !
If the Spanish Banks report comes out negative...bad...I think it should....gold and silver should jump again...1-2%...and the little Spanish ATM guy who fills the cash will be doing triple overtime this weekend also....
thats why the spanish bank stress test report will not be bad at all. Infact the spanish banks will surely not need to raise additional capital
In this clip, Mariano Rajoy is played by Kathy Bates.
http://www.youtube.com/watch?v=ptpaEntid74
Kathy Bates - fabulous as Gertrude Stein in Midnight in Paris.
They just need uncle Ben to re-calculate and subtract all those pesky transitory items that ruin the real figures that can't be higher than 1.75%.
IMPENDING SELL OFF.........
Longs please be careful.
Due to recent central bank intervention and short covering spikes, these daily charts are extremely overextended and significant correction expected very soon:
SPX, DOW, NASDAQ, NZDUSD, GBPUSD, AUDUSD, COPPER, CRUDE, GOLD, SILVER. [USD strength will return]
http://www.zerohedge.com/news/2012-12-24/market-analysis
http://trader618.com
1. You already posted this shit the other day
2. Your first URL has a future date in it.
Do you really need to spam this on every thread, every day?
inflation and unemployment ...... Inflation ?? They should deflate while germany and the north inflate
This somewhat convinces me that all the present havoc cannot be conducted by a conspiracy clan and if so then it's losing control over the situation. Imposing austerity measures on such a large scale can only lead to massive organized public riots which can be extremely erratic. As of certain level, riots do not dissolve into chaos as one might expect but can easily evolve into highly organized movement capable of changing everything. That's how we abolished the former communist establishment.
Funny... I've started getting ads for Spanish Ford Fiestas.... 0% down....
This is lookin Bullish... Ole Bitchez
Is it time to BTFD?
Time to BTFG - bring the fricken gun
These statistics are all bullshit--misery, my ass. When the streets of Barcelona start looking like Lagos, the Spanish whiners will have a claim on some misery.
Until then, all that Eurotrash breast-beating can fucking pound sand.
So sayeth Gina Rinehart.
My Spanish friends were very fond of saying how socialism was so great. I'm sure this isn't a problem with socialism.
There will probably be a lot more incidents like this one, not just in Spain but around the world.
http://www.youtube.com/watch?v=ijUD2QiYNJI&feature=player_detailpage
"In Euro news, in attempts to raise investor confidence, the Spanish Govt. has retained the services of top Madison Ave. public relations firm Fargin-Isolls to boost bond buying."
"The winning P.R. firms sucess with the " Be all that you can be, swipe dat EBT" campaign was likely a large factor in the Spanish Govt.'s choice."
Inflation in Spain?
Impossible, there are no rising wages.