Europe's Scariest Chart Hits Peak Scariness Levels, And Rising

Tyler Durden's picture




 

Things are rather unsurprisingly going from worse to worserer in Europe. Perhaps it is the anecdotal evidence we see in the now weekly riot-cams from Spain and Greece but just as we warned over a year ago, the truly scariest chart in Europe remains that of youth unemployment. The correlation (and causation) that runs from extreme levels of youth unemployment to general social unrest and anarchy is stunning throughout time (as we noted here and here). With Greek 'youth' unemployment jumping to a disheartening 58% (for August) - by far its highest ever - and Spain rising inexorably at 54.2%, the under-25 populations in these nations is truly set to burst (with overall unemployment rates of 25.4% and 25.5% respectively). Euro-zone youth unemployment overall has risen to 23.3% and while Greece jumped the most, Italy was close behind with a 1.2ppt rise to 35.1%. We are sure the austerity voted for last night by the politicians will 'help' - someone...

 

 

Data: Bloomberg and Greek Statistics Office

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Thu, 11/08/2012 - 09:51 | 2960056 monkeyboy
monkeyboy's picture

Meh. Still could be worsererer.

Thu, 11/08/2012 - 09:51 | 2960064 GetZeeGold
GetZeeGold's picture

 

 

Cat's gonna die anyhow....no reason to tell him now.

Thu, 11/08/2012 - 09:55 | 2960075 icanhasbailout
icanhasbailout's picture

Central planning exposed

Thu, 11/08/2012 - 09:58 | 2960084 GetZeeGold
GetZeeGold's picture

 

 

Crap....I knew the death panels were real.

Thu, 11/08/2012 - 10:02 | 2960102 MillionDollarBonus_
MillionDollarBonus_'s picture

When are doomer libertarians going to apologize for their shameless fear mongering about Europe and the peripheries? Despite this doomer hypothesizing, the European Union is stronger than ever and nobody cares about apocalyptic end-of-the-world predictions about Greece and Spain anymore. If need be, the European commission can simply issue Eurobonds and the ECB can monetize this debt in order to suppress interest rates and stabilize the union. Respected finance professionals and the media have totally forgotten about Europe, and are focusing on how to profit from the global recovery. Libertarians need to stop fantasizing about the apocalyptic scenarios and rejoin the rest of society.

Thu, 11/08/2012 - 10:12 | 2960121 GetZeeGold
GetZeeGold's picture

 

 

Don't touch anything....MDB is currently winning.

 

Go baby go.

Thu, 11/08/2012 - 10:18 | 2960171 economics9698
economics9698's picture

"Respected finance professionals and the media have totally forgotten about Europe, and are focusing on how to profit from the global recovery."

MDB is back on his game. 

Thu, 11/08/2012 - 10:21 | 2960184 El Viejo
El Viejo's picture

Got Bailout?

Thu, 11/08/2012 - 10:35 | 2960250 jekyll island
jekyll island's picture

I think the election has reenergized him, he had been in a slump.  

Thu, 11/08/2012 - 10:44 | 2960290 BurningFuld
BurningFuld's picture

I agree totally. Keep giving people free money as this is the best motivator to make them look for work.

Thu, 11/08/2012 - 11:00 | 2960344 Nussi34
Nussi34's picture

The statistics are not reflecting reality. Most Greek & Spanish girls work as hookers here in Frankfurt!

Thu, 11/08/2012 - 11:19 | 2960427 JPM Hater001
JPM Hater001's picture

If you see my sister would you tell her to call mom?

Thu, 11/08/2012 - 14:04 | 2961224 Nussi34
Nussi34's picture

Sorry she can´t talk right now. A great white bavarian sausage is keeping her from talking.

Thu, 11/08/2012 - 10:09 | 2960133 insanelysane
insanelysane's picture

More is always better!

Thu, 11/08/2012 - 10:19 | 2960162 hedgeless_horseman
hedgeless_horseman's picture

 

 

Libertarians need to stop fantasizing about the apocalyptic scenarios and rejoin the rest of society.

"The rest of society."   That sums it up.  Sitting around and gaining weight while watching television.  Have a nice rest.

Thu, 11/08/2012 - 10:21 | 2960176 The Final Countdown
The Final Countdown's picture

Libertarians need to stop fantasizing about the apocalyptic scenarios and rejoin the rest of society

Greek 'libertarians' are following your advice as we speak, rejoining the rest of Greek society in burning down Athens.

Thu, 11/08/2012 - 10:45 | 2960295 aerojet
aerojet's picture

The ships loaded with small arms and explosives will be offloading their deadly cargoes soon.

Thu, 11/08/2012 - 10:21 | 2960180 goldfish1
goldfish1's picture

With Greek 'youth' unemployment jumping to a disheartening 58% (for August) - by far its highest ever - and Spain rising inexorably at 54.2%, the under-25 populations in these nations is truly set to burst (with overall unemployment rates of 25.4% and 25.5% respectively).

MDB paints the picture of what the elites intend to do about the PIIGS.

Like here at the FED, the ECB intends to monetize the debts and keep kicking the can.

The amoral  finance professionals and the media deliberately ignore reporting on Europe and are  legitimizing the rape of the planet.

Thu, 11/08/2012 - 10:21 | 2960185 LongSoupLine
LongSoupLine's picture

One of your better posts MDB.  Funny shit!

Thu, 11/08/2012 - 10:24 | 2960196 ZDRuX
ZDRuX's picture

What the hell does libertanianism have anything to do with this?

Thu, 11/08/2012 - 10:32 | 2960240 Blubaba
Blubaba's picture

Issuing Euro Bonds? Fighting the dept crisis with more dept? Great idea.

Ben Bad Banky...is it you?

Thu, 11/08/2012 - 10:38 | 2960260 ebworthen
ebworthen's picture

I dub MDB the official "Molotov Cocktail" indicator.

A hopium post like this, ignoring +25% unemployment and debt to infinity, is bullish for Molotov Cocktails.

Thu, 11/08/2012 - 10:44 | 2960291 aerojet
aerojet's picture

Clever troll is clever.

Thu, 11/08/2012 - 10:53 | 2960319 paddy0761
paddy0761's picture

MillionDollarBonus 
Q. When are doomer libertarians going to apologize for their shameless fear mongering about Europe and the peripheries?

A. When talk of Million Dollar Bonuses is just Folklore.


Thu, 11/08/2012 - 11:22 | 2960433 JPM Hater001
JPM Hater001's picture

And when they tell the story of our freedom from the trolls it will sound like this: http://youtu.be/YKfwwlEcowk

Thu, 11/08/2012 - 10:53 | 2960324 G. Marx
G. Marx's picture

Is that you Barroso?

Thu, 11/08/2012 - 11:01 | 2960351 piliage
piliage's picture

Why have I been so stoopid for so long? Yep, Europe is all fixed. Long baby long, leverage and buy buy buy. Thank you MDB. I think I'll name my next child after you.

 

Thu, 11/08/2012 - 11:26 | 2960446 Dareconomics
Dareconomics's picture

So, what you're saying is that this time is different?

Thu, 11/08/2012 - 14:16 | 2961268 malikai
malikai's picture

10/10

Grand slam!

Thu, 11/08/2012 - 15:05 | 2961481 twh99
twh99's picture

Except that Germany, Austria, Denmark, etc. will not go along with monetizing the debt.

At this point it might be better for the northern Europeans to go it alone with their own currency.

Thu, 11/08/2012 - 16:24 | 2961821 bagehot99
bagehot99's picture

"Respected finance professionals and the media.."

LOL. There are none of the former, and the latter wouldn't understand what the ECB was doing if you put it on fucking flashcards.

You realize that this has been tried before, right? In Zimbabwe? And did you hear how well it went?

Fri, 11/09/2012 - 08:50 | 2963903 WhiteNight123129
WhiteNight123129's picture

MDB you are in great shape today.

 

Thu, 11/08/2012 - 10:07 | 2960120 holdbuysell
holdbuysell's picture

Witnessing this destruction in the society for the purpose of centralizing planning and control is everyday becoming so obvious: it just doesn't make sense. When will the people wake up and realize that which they rely upon couldn't care less about them and that their only salvation is to decentralize and take care of themselves, even if it means at a lower standard of living, such as in Greece.

Thu, 11/08/2012 - 10:34 | 2960245 goldfish1
goldfish1's picture

Sounds like a higher standard of living to me.

Thu, 11/08/2012 - 10:54 | 2960328 pods
pods's picture

Yep, and imagine if life were not based on paying off interest on fractional reserve debt money?

Like filling up a bucket when they keep punching more and more holes in the bottom.  

Reminds me of the parable of the mexican fisherman and the investment banker:

http://financialmentor.com/true-wealth/the-parable-of-the-mexican-fisherman-and-investment-banker/2422

pods

 

Thu, 11/08/2012 - 11:09 | 2960364 holdbuysell
holdbuysell's picture

You and GF make a good point: if the people cast off the parasite that is the fractional reserve system, they very well may end up with a BETTER standard of living.

One thing is sure: they would be moving forward and feeling the sense of progress as opposed to having a helpless feeling of being stuck in the mud. And nothing feeds the soul and revitalizes communities more than a sense of making progress.

Thu, 11/08/2012 - 10:40 | 2960270 bdc63
bdc63's picture

tyler, I think your gonna need a bigger chart ...

 

Thu, 11/08/2012 - 10:31 | 2960236 Atlasshruggedme
Atlasshruggedme's picture

I thought GetZee went to hide. Everyone ready to bug? 

Thu, 11/08/2012 - 11:02 | 2960356 GetZeeGold
GetZeeGold's picture

 

 

What....and miss all this fun?

Thu, 11/08/2012 - 10:08 | 2960128 Eireann go Brach
Eireann go Brach's picture

More contestants for the riot cam games! They need to start their own version of the Hunger Games!

Thu, 11/08/2012 - 13:43 | 2961110 TruthHunter
TruthHunter's picture

Go long RST

Looks like a lot of EU kids need to learn German!

Thu, 11/08/2012 - 09:53 | 2960069 youngman
youngman's picture

Hey but Spain sold a bunch of bonds...

Thu, 11/08/2012 - 09:59 | 2960089 GetZeeGold
GetZeeGold's picture

 

 

Yeah.....to themselves....show me anyone else crazy enough to buy them.

Thu, 11/08/2012 - 09:55 | 2960074 buzzsaw99
buzzsaw99's picture

If you want to make a bank bonus omelet you have to break some eggs.

Thu, 11/08/2012 - 09:58 | 2960082 HD
HD's picture

Parabolic is the new flat.

Thu, 11/08/2012 - 10:40 | 2960207 hedgeless_horseman
hedgeless_horseman's picture

 

 

Yes, but I would take flat real returns over parabolic nominal returns from monetization any day.

“We’re not going to monetize the debt,” Mr. Bernanke declared flatly..."
...these tits stock market returns are real!"

Thu, 11/08/2012 - 10:40 | 2960272 ebworthen
ebworthen's picture

"Your face is kind of scratchy Mrs. Draghi (?)."

Thu, 11/08/2012 - 16:35 | 2961865 zerozam
zerozam's picture

Are those real?

Fri, 11/09/2012 - 09:14 | 2963954 WhiteNight123129
WhiteNight123129's picture

Great stuff

 

Thu, 11/08/2012 - 10:01 | 2960091 gojam
gojam's picture

10.17 The Greek unemployment rate hit another high of 25.4pc in August, official figures show.

This means that there are now almost 1.3 million Greeks out of work, according to El.Stat. The August rate compares with 18.4pc a year ago and 24.8pc in July 2012.

There were also 3.37 million Greeks classed as "economically inactive" in August. This means that they were not working or looking for a job.

http://www.telegraph.co.uk/finance/debt-crisis-live/9662732/Debt-crisis-live.html

So, if 1.3 million are unemployed (equalling 25.4%) AND  3.37 million are "economically inactive" does that mean that only about 10% of Greeks are working ?

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