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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 - 14:06 | 2961236 Grand Supercycle
Grand Supercycle's picture

WILE E.COYOTE sell off awaits...

SPX H+S on daily chart continues [very bearish pattern]

SPX also shows probable H+S on weekly chart.

This bearish impending price action will comprise the first installment of the very overdue Wile E. Coyote sell off.

As mentioned, the previous SPX meltup - devoid of healthy retracements - has caused this coming crash.

One can only stretch the bungee cord so far before it reacts...

http://trader618.com
http://www.zerohedge.com/news/2012-12-24/market-analysis

Thu, 11/08/2012 - 20:00 | 2962633 flacorps
flacorps's picture

About the only thing you can do with this much youth unemployment is put half to work making munitions and the other half to work using them to blow each other up. It's been the remedy throughout history.

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