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Spain Is World's Most "Miserable" Nation, Worse Than Greece, Venezuela And South Africa

Tyler Durden's picture


A quick ranking of the world's most "miserable" countries, based on the conventional measure of the Misery Index which is simply the Unemployment Rate plus Inflation, shows just why most people in Spain are, well, less than happy (and Spain is damn lucky there is no subset of the Misery index for just those aged 25 and under as we would certainly need a bigger chart). As the chart below shows, the Spanish "misery" is now the greatest in the world, at some 30%, and is worse than South Africa, Greece, Venezuela, Argentina and Egypt.

But fear not Spain: Croatia which is set to join the EU in July is forecast to have a debt/GDP ratio of 63.6% by 2017 from 29.3% in 2008 as growth stagnates. The country has one of the lowest labor participation rates in Europe at about 50 percent, the ILO says. In other words, at just 26%, it a virtual guarantee that Spain pole position is about to be eclipsed as Europe does the one thing it is truly good at: spread misery for the "common good."


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Tue, 01/29/2013 - 09:18 | 3194415 GetZeeGold
GetZeeGold's picture




Miserable....but green as hell.


Tue, 01/29/2013 - 09:37 | 3194464 Hippocratic Oaf
Hippocratic Oaf's picture

Where's Trav?

He's so hard up for Spain.......Life goes on.

Tue, 01/29/2013 - 09:41 | 3194480 trav777
trav777's picture

right here, motherfucker

this is the problem, Durden is full of shit and so is this article.  funny how they deemed Spaniards miserable without actually asking any spaniards.

Just come up with your own metric and say "ZOMG those people must be MISERABLE"...why?  Because they don't have an american-style economy?

Look, fuckheads, WE are the people who are fucking miserable; look around you.  This is the most miserable nation...all we do is bitch and kill people.  We have diversity running loose, fuckin illegal aliens everywhere, our culture is in FULL DECLINE.  Look at our TV, music, art...anything.

Stop projecting, America.

Tue, 01/29/2013 - 09:44 | 3194488 fightthepower
fightthepower's picture

Why aren't the fucking losers in Spain revolting?

Tue, 01/29/2013 - 09:47 | 3194504 Sudden Debt
Sudden Debt's picture

it's to hot... they'll do it tomorrow... or maybe the day after...

Tue, 01/29/2013 - 09:54 | 3194519 Stuntgirl
Stuntgirl's picture

Right after siesta time... or, mañana, mañana.

Tue, 01/29/2013 - 13:27 | 3195259 economics9698
economics9698's picture

If Spain would have just listened to Paul Krugman... /sarc

Someday the peasants will discover Y = C + I - G + NX


I find it hard to believe Spain is worse than Venezuela with its 21,000 murders per year in a country of 28 million, 7’ high barbwire residential fences everywhere, 20% inflation rate, and 60 kidnappings a day.

But then again Chavez is on his death bed.


Tue, 01/29/2013 - 10:27 | 3194618 sunnyside
sunnyside's picture

Fat dudes in a speedo in any country are revolting to me.

Tue, 01/29/2013 - 11:30 | 3194869 Manipulism
Manipulism's picture

Why aren't the fucking losers in USAmerikka revolting?

Tue, 01/29/2013 - 13:27 | 3195275 economics9698
economics9698's picture

EBT cards and Jerry Springer.

Tue, 01/29/2013 - 09:46 | 3194498 Sudden Debt
Sudden Debt's picture

I... I... agree with you trav... WTF IS WRONG WITH ME TODAY!!! I NEED A DOCTOR!!! :)

Tue, 01/29/2013 - 10:04 | 3194525 BLOTTO
BLOTTO's picture

Croatia, generally speaking, always disliked associating itself with 'Yugoslavia.' Well, i wonder if they are more happy now?...or maybe when they join the EU?


I realize that Yugoslavia was a failed experiment...but thats beside the point.

Tue, 01/29/2013 - 11:16 | 3194798 trav777
trav777's picture

can't speak to croats, but the serbs I met when in serbia were considerably happier despite a relatively bleak future than typical americans.

Look- all these immigrants are only here to make money.  They're not here for anything else.

Tue, 01/29/2013 - 12:18 | 3195035 ThirdWorldDude
ThirdWorldDude's picture

As a Balkan-boy I can confirm that "happiness index" down there doesn't include the quantity of iPads, ferraris or yachts you possess,because people there know you cannot
buy yourself happiness.
You Westerners have a few thousand years and a couple of collapsed civilisation ahead of you until you reach that level.

Tue, 01/29/2013 - 12:53 | 3195174 JungleJim
JungleJim's picture

Good life philosophy ...

Tue, 01/29/2013 - 11:35 | 3194889 AgAu_man
AgAu_man's picture

Not to digress from the main topic, but... Croatia, "be carefull what you wish for."  How has independence worked out for them?  They had a better 'deal' in old Yuogoslavia when they were 'somebody'. 

'Old Yugoslavia' was a great, safe and very cheap vacation destination.  'Tito-bandito' kept the various republics together, and as leader of the non-aligned countries, kept them in line also.  His "value add" brinksmanship was the cause for The West helping him financially.  Cost of doing business... for a tiny fraction of what we burn these days on any given day.


Tue, 01/29/2013 - 10:00 | 3194535 Stuntgirl
Stuntgirl's picture

Wow, I agree with you today, Trav.

Measuring "misery" as in the chart seems puerile at best. That is not to say the data displayed is not accurate.

In my experience, Americans are far more miserable than Europeans in general, and than Spaniards in particular.

While the data above will not make a people fell "miserable" by default, you know I don't share your perception of Spain at the moment. The thing keeping up Spaniards' mood is that they are utterly convinced that the crisis is over, and by summer we'll be at 2003 all over again.


Tue, 01/29/2013 - 10:12 | 3194567 DosZap
DosZap's picture

In my experience, Americans are far more miserable than Europeans in general, and than Spaniards in particular.

While this is largely true, you do not see self immoltation going on in the USA,as has been seen in Spain.

Tue, 01/29/2013 - 10:21 | 3194597 Stuntgirl
Stuntgirl's picture

That's true. That's what happens when people are not on a bijillion psychoactive drugs.

Come on, that kind of even is tragic, but you know it does not represent a society's feeling. I could say you do not see mass shootings in Spain. that's a retarded argument.


Tue, 01/29/2013 - 10:26 | 3194617 I need more cowbell
I need more cowbell's picture

Self immolation, no. We have the gubmint do it for us.

Tue, 01/29/2013 - 10:30 | 3194637 Being Free
Being Free's picture

Misery is a function of expectation.  Perhaps, on balance, the expectations of the American flock is greater than that of the European flock.

Tue, 01/29/2013 - 11:00 | 3194732 nicxios
nicxios's picture

Word to muh gold toof, u be spittin da troof and shit!

Stretch out the timeline, it's been all downhill since Constantine made worshipping the jewish God the only game in the empire and his successors literally killed off the "pagan" loverrs-- you know guys who actually preferred logic and thinking over stupidity and hocus-pocus. 

Tue, 01/29/2013 - 12:15 | 3195024 dark pools of soros
dark pools of soros's picture

the only ones miserable are the ones not taking their happy pills.. you need to get into the matrix

Tue, 01/29/2013 - 17:19 | 3196257 Chuck Walla
Chuck Walla's picture

Hey, Trav...

My friend in Spain sez they are fuckin' miserable. Verdad? She's waiting for Catalonia to secede.


Tue, 01/29/2013 - 09:19 | 3194423 ciscokid
ciscokid's picture

Que Viva Espana!!!

Tue, 01/29/2013 - 09:38 | 3194424 francis_sawyer
francis_sawyer's picture

There used to be days when those kind of numbers would guarantee that your President would not be elected...


Nowadays when you go over 25%, your election gets rigged, & the government takes away your guns & raises your taxes...

Note: I say 'over 25%', because if TRUE unemployment & CPI were reported in the US, it would be right about that number... Good thing BLS stats are bogus, CPI is 'ex food & energy' & we have a bunch of carrier groups floating around... [They HATE US for our freedom to bomb them back into the stone age]...


What sickens me more are these fuckin Bloomberg Charts [which paint an entirely false picture to anyone who doesn't know what's going on]... Nevertheless ~ they'll hand the chart over to some pretty anchor [showing ample clevage], & she'll proceed to deflect your focus on those poor saps over there... [if she can get your eyes off her tits]...

Tue, 01/29/2013 - 09:19 | 3194425 negative rates
negative rates's picture

Wake up and feel the misery Spain, and see ya, don't want to be ya.

Tue, 01/29/2013 - 09:46 | 3194494 trav777
trav777's picture

how many of the retards commenting on Spain have actually ever been to Spain?

Europeans tend to be FAR happier than Merkins.  Merkins are comparatively spoiled fucking brats who throw violent tantrums at the first disturbance.

This nation is about overreacting for everything- it's jewish.  Neurotic, hyper passive/aggressive, and bitchy warmongers.

Tue, 01/29/2013 - 10:02 | 3194531 SamAdams
SamAdams's picture

Well I've never been to Spain, but I've been to Oklahoma...  (and it's not bad)

Again with the Yews.  Perhaps we should better designate by adding "Self-Styled Canaanite Yews"?  Lumping all Yuden together is as wrong as saying all Christians are murdering pedophiles just because the Smirking Chimp claimed to be a Christian (which of course, none of these evil bags of shit follow Laws of Moses).

Tue, 01/29/2013 - 10:03 | 3194549 Eireann go Brach
Eireann go Brach's picture

Trav you are a racist little redneck motherfucker, who needs to be taken to the woodshed and have your balls put in a vice, and squeezed like lemons until you agree to bake some cookies for the local Mexican or Chinese illegals looking for work at the side of the road!

Tue, 01/29/2013 - 10:14 | 3194574 supafuckinmingster
supafuckinmingster's picture

Well Eireann, can I glean from your username that you are, like I, an Irishman?


Let me as you this: Have you been to these places? What was your opinion of Dubai or Zimbabwe or South Africa? I haven't been so I cannot thrash someone else's opinion of them. Does having visited somewhere in the world and not enjoying something of the local culture make one a racist? that logic everyone who ever had a disappointing holiday is a fucking facist zealot.

You know Trav isn't the only one saying that whites have fared badly in S.Africa since apartheid ended. And we all know what has happened in Zimbabwe. Or are you now saying this isn't actually so? Or is it the fact that you wish it wasn't so? And if it is so, is Trav "racist" simply for pointing it out?

Get down off your fucking politically correct horse and come into the real world.

Tue, 01/29/2013 - 10:28 | 3194625 SamAdams
SamAdams's picture

Obama's mother is Irish Jew.  Jews consider the "Jewishness" to be passed through mother's blood.  Therefore, Obama is an Irish Jew.  Bet you thought he was a Mooslim?  :)

Tue, 01/29/2013 - 11:09 | 3194765 AgAu_man
AgAu_man's picture

"Irish Jew"?  Isn't that an oxymoron?  Or just made up?

Tue, 01/29/2013 - 12:39 | 3195135 supafuckinmingster
supafuckinmingster's picture

Yes there are Joos in Ireland. Our Minister for so-called justice is a Joo. Whether he's a real Irish man is another matter.

Tue, 01/29/2013 - 11:24 | 3194840 trav777
trav777's picture I certainly appreciate the support, you are REALLY going to ask someone for a logical explanation on why I am racist? 

Each and every time you justify this label this way, you give it legitimacy.  You are trying to make a logical assault on its legitimacy when you should merely REJECT IT.  You cannot make a logical assault on the legitimacy of miasmas or alien abductions, can you?  If you legitimize these labels you will end up having them used on you as others gang up to try to impose cloture.

I am racist by the definition of the word, as are you.  The word has no real meaning.  Call me a unicorn next.

Tue, 01/29/2013 - 11:19 | 3194812 trav777
trav777's picture

Chinese people mill around at the side of the road looking for work?  Where tf is this?!?

Tue, 01/29/2013 - 10:52 | 3194705 withnmeans
withnmeans's picture

I have been to Spain and have friends there, I agree with you in some respects, others, ehh. Spain is a great country that has internal and external problems like most, they way over spent "but in one regard, they over spent on infrastructure" this is actually a good deal, at least they have something to show for their lost money. If and when they come out of this downward spiral, they will not have to rebuild much.

Other countries in Europe "Italy, worst" have a extremely poor infrastructure and nothing to show for any money spent. Italians should be at the top of the list of feeling miserable, with the most beggars per capita I believe.

Face it, Spain is the bread basket, large varieties of foods and cheap labor, when Europe gets hungry this is where they will turn to for food.

Everything will just need to reset, wages, taxes, government size, etc......

Tue, 01/29/2013 - 13:17 | 3195244 Bam_Man
Bam_Man's picture

If it wasn't for all the great wine, food, cars, art, fashion and beautiful women, Italy would definitely be "worst".

Tue, 01/29/2013 - 14:05 | 3195406 SamAdams
SamAdams's picture

In Soviet Amerika, only infrastructure built with tax is democracy bomb to be dropped on brown heads.  Excellent investment for people!!!

Tue, 01/29/2013 - 09:20 | 3194431 Josephine29
Josephine29's picture

It's a good job for Spain that this does not also include retail sales numbers as Spain's have plummeted. Take a look at this analysis of what is happening..


"Retail Sales

The Spanish statistics office has told us this today about December.

The General Retail Trade Index at constant prices stands at –10.2%, as compared with –7.8% in November

As this comprises the crucial Christmas season we can see that there was no seasonal cheer or pick-up for Spanish retailers this time around. In fact if you look at the numbers for the year overall we in fact see that there was a further decline.

In 2012, sales in the Retail Trade Sector dropped 6.8%, as compared with 2011

We get an additional guide to this below.

The variation of the General Retail Trade Index between December and November was 22.1%. This rate showed the lowest increase in the last five years.

The statistics agency probably now regrets also using a calendar or working day adjusted series as this shows an even worse decline in December as it is 10.7% below the year before.

Another worrying sign is that even food sales have turned solisly downwards as the annual fall in those in December was 5.1%."

Tue, 01/29/2013 - 09:51 | 3194515 pazmaker
pazmaker's picture

The black market is alive and well in spain..the retail black market and the jobs black market.

Tue, 01/29/2013 - 10:07 | 3194554 Stuntgirl
Stuntgirl's picture

True. In my working class neighbourhood in Madrid, we buy our foodstuffs, kitchenware and some clothes on a sunday street market.Prices are 30 to 50% less, and no VAT.

About 20% of my total expenditure on these products goes to licensed retail, and I'd say I'm above average in my neighbourhood. Supermarkets here hardly carry produce anymore cause noone buys it there. (And we eat more % of fresh produce than americans).

Half my friends are working black market (University graduates, masters degree)

Tue, 01/29/2013 - 11:28 | 3194857 trav777
trav777's picture

ZOMG you guys are not chasing retail merchandise from approved retailers with VAT and other taxes!!!  You are evil terrists who are anti-american!!!  I bet you are using CASH instead of electronic interest-bearing credit cards too!!  You are rejecting the system of USURY and debt serfdom and just getting on with living life and using bearer notes.  WTF is wrong with you, this is EVIL.

So sayeth our media and government.  They say it so often and so loud that I almost wonder if those in charge there are in some way related to those who benefit from the lending racket.  Hmm...thought gone, Bergeron device made a loud siren.

Tue, 01/29/2013 - 09:21 | 3194434 Sudden Debt
Sudden Debt's picture



1. Sun = +1

2. warm = +1

3. Nice chicks = +1



Tue, 01/29/2013 - 09:25 | 3194440 ekm
ekm's picture

You can eat neither the sun, nor the warmth, nor the to say.

Tue, 01/29/2013 - 09:27 | 3194444 Sudden Debt
Sudden Debt's picture

who says you can't eat chicks? :)


Just ask 5 woman you pass onto the street: CAN I EAT YOU


Watch their reaction...



Tue, 01/29/2013 - 11:30 | 3194872 trav777
trav777's picture

weather, scenery, yes...chicks, not so much.  Hottest chicks anywhere i've been were in Rome.  Tourism high season so assume that those OBVIOUSLY east euro chicks were not real romans, but whatever.  Eye candy everywhere.  Belgrade takes second place; every 10th or so is a supermodel.

The women in brazil are also pretty smokin and in the NE, the men are ugly.  If you're noncolored, you can score pretty much whomever.  Especially americans...we are the conquerors and you just gotta have that aura and you're set.

Tue, 01/29/2013 - 13:20 | 3195253 Bam_Man
Bam_Man's picture

Yes, chicks in Rome are hot. But they get even hotter and the outfits more sexy the closer you get to Milan.

Tue, 01/29/2013 - 09:29 | 3194446 ciscokid
ciscokid's picture

Man.. you need leason in Sex.

Tue, 01/29/2013 - 09:32 | 3194456 BandGap
BandGap's picture

Yu kneed a leson in speling

Tue, 01/29/2013 - 09:45 | 3194491 Sudden Debt
Sudden Debt's picture

Yu Amelican? Yu Spleak Amelican?

Tue, 01/29/2013 - 09:34 | 3194463 brucyy
brucyy's picture

hello to sunny marbella from me old friend 

Tue, 01/29/2013 - 11:48 | 3194932 ciscokid
ciscokid's picture

Hola brucy, hope well.

Tue, 01/29/2013 - 11:49 | 3194934 ciscokid
ciscokid's picture

Hola brucy, hope well.

Tue, 01/29/2013 - 09:34 | 3194458 Rainman
Rainman's picture

See how happy the Irish are ? Spaniards just don't drink enough.

Tue, 01/29/2013 - 09:34 | 3194461 jeff314
jeff314's picture

Ill take Claudia Basolls out of her misery...

Tue, 01/29/2013 - 09:43 | 3194467 Whiteshadowmovement
Whiteshadowmovement's picture

The high unemployment rate for South Africa is extremely misleading and is very often used by many media outlets to paint South Africa as a place of instability.

The high unemployment is not so much a structural economic issue as a sociological one. The reason it is so perisitently elevated is very high immigration from the rest of Africa (Zimbabweans are SA's mexicans) who do the work even SA blacks dont want to do.

Secondly, it has to do with reproduction rates among the black population which are now just adjusting to post-malthusian fertility rates.

In other words, black families have not yet adjusted to the idea that the majority of children will live to adulthood (due to 1st world medicine etc.) and thus have not yet experienced the decline of birth rates which eventually hit every developing market.

PS- There is as much sunshine and warm weather here as in Spain! And the land has lots of hidden treasures- not just gold but some of the best agriculture on earth...

Tue, 01/29/2013 - 09:53 | 3194520 trav777
trav777's picture

black reproductive rate is an evolutionary strategy.  It's not going to be "realized" away.

Blacks in the first world still have it.

It is mitigated only by things on the right hand side of Bartlett's sheet.

I routinely go places that are supposedly fucking miserable and I encounter people FAR HAPPIER than the average Merikin, who is ready to get into a fucking fight if Dick's sold out of the particular model of bicycle that little precious was supposed to get as an Xmas present.

Merikins project their unhappiness onto others.  They don't understand that there is more to life than running like a fucking hamster on a fucking wheel like the Red Queen to make some joobux for some semite to buy his teenage daughter a nose job or a bigger bar mitvah for his effeminate, neurotic son.

If you don't let your society get infested by this love of money, such that it pervades every aspect of your existence, you're intrinsically much happier.

Tue, 01/29/2013 - 09:36 | 3194468 brucyy
brucyy's picture


Tue, 01/29/2013 - 09:39 | 3194472 dollarcoaster
dollarcoaster's picture

What Are you talking about Tayler? Portugal is the nest of the most corrupt troglodytes europe has ever seeeen! BAnif is insolvent, the submarine scandal has put government on the hook for 34 million, with the german Ferrostaal, and nobody knows where the money went. Something is cooking to invent the need of a new airport, and all the accesses, including one more bridge, to /in Alcochete, leaving tax payers crucified with billions. Corruption perpetrated by organized troglodytes of the catacombs, continues to to suck the last drop of blood from the rest of the country!!! What is wrong with you Tayler? Where is your radar tuned to?

Tue, 01/29/2013 - 09:39 | 3194473 dollarcoaster
dollarcoaster's picture

What Are you talking about Tayler? Portugal is the nest of the most corrupt troglodytes europe has ever seeeen! BAnif is insolvent, the submarine scandal has put government on the hook for 34 million, with the german Ferrostaal, and nobody knows where the money went. Something is cooking to invent the need of a new airport, and all the accesses, including one more bridge, to /in Alcochete, leaving tax payers crucified with billions. Corruption perpetrated by organized troglodytes of the catacombs, continues to to suck the last drop of blood from the rest of the country!!! What is wrong with you Tayler? Where is your radar tuned to?

Tue, 01/29/2013 - 09:39 | 3194474 Aegelis
Aegelis's picture

If money is your source of misery, then count your blessings.  Thoughts and prayers to Somalia, Afghanistan, Sudan, etc.

Tue, 01/29/2013 - 09:46 | 3194485 Whiteshadowmovement
Whiteshadowmovement's picture

PS- just my $0.02 but I have lived/travelled in several places in the world and there are few people in the world that are happier/nicer/more hospitable than black Africans.

The most unfriendly (miserable) people I have ever encountered were In Dubai. Especially the guest workers there that get treated like scum. Try stopping someone to ask for directions in Dubai and see how it goes...

Dubai always makes me think of what it would be like if Hell decded to put a theme park modelled on an American shoppong mall.

Tue, 01/29/2013 - 09:47 | 3194503 Aegelis
Aegelis's picture

My concerns with troubled African countries are the genocide, rapings, militia-gangs and child soldiers amoung other problems.  If the people have hope and high spirits despite these things then they are truly remarkable.  I'm not sure I could feel the same way since I cannot even when I'm not there.

Tue, 01/29/2013 - 10:04 | 3194546 trav777
trav777's picture

africans are in most cases so dramatically different than African Americans that it blows the mind right outta the head.  Hell, they even move over on the roads if you want to go faster.

However, um...yeah.  They rob, murder, mutilate white people in Africa for being white.  There's been a genocide of farmers in RSA since apartheid fell, nevermind what happened in zimbo.  They are hospitable to a point just as lions are relatively pleasant during the day after a big meal.  You are advised by black guides not to wander around in their own countries.  Hell, they even roll their eyes at people like swedes who assume everywhere is safe just like this private game reserve is.

Dubai is a shithole...ugliest place I've ever been, bar none.  The khalifa is a ridiculous piece of engineering, utterly staggering, like Coruscant or something, but the place has no redeeming qualities whatsoever.  Dubai=meaning of life is SHOPPING for luxury western brands.  THAT is their hallmark, oh we have Hermes and LV and Chanel ALL in the SAME mall!!!  Wow whoopie shit look at us.

Fkin arab trash; vacuous, soulless, empty.  Materialism.  Yet people rave at it.

Tue, 01/29/2013 - 09:43 | 3194487 Volaille de Bresse
Volaille de Bresse's picture

"our culture is in FULL DECLINE"


Never knew you had a culture. A powerful entertainment industry yes you have but a culture...?

Tue, 01/29/2013 - 15:16 | 3195733 JungleJim
JungleJim's picture

Get out of NYC, WashDC, LA and the US is filled with culture. Africa, been there, done that, and yeah, lot's of nice people most of them poor as a church mouse, but ...

Tue, 01/29/2013 - 09:45 | 3194495 alfred b.
alfred b.'s picture


    ....and moreover, this is only a stepping-stone to a more dire existence!    'Watch out France...u next?



Tue, 01/29/2013 - 09:46 | 3194497 spankfish
spankfish's picture

Who da thunk that global banking would destroy countries and leave them at deaths door?  I guess Josey Wales was right... Buzzards gotta eat, same as worms.

Tue, 01/29/2013 - 09:47 | 3194499 Volaille de Bresse
Volaille de Bresse's picture

as fro "green" Spain, the heart of the land is one big fucking desert... Remember all the movies Sergio Leone shot there cos he couldn't afford to fly to Nevada or Texas? 


Plus those dumb Spaniards have planted tons and tons of GMO's so the land is fucked for decades... Well done!

Tue, 01/29/2013 - 10:16 | 3194580 Stuntgirl
Stuntgirl's picture

The exact places Sergio Leone shot at now provide massive amounts of fresh produce for Spain, France, and Germany, thanks to plastic hothouses. You can see the hothouse areas shining, from outer space. That in turn is accidentally reversing desertification of the south, as rain patterns are changing to an increase.

I agree with you on the GMOs, however, forests are growing back on their own, and I don't mean pine tree reforestation schemes, but native species repopulating all non agricultural areas.

I am in fact concerned that if we go the greek way, this new growth will get cut down to burn.

Tue, 01/29/2013 - 09:49 | 3194507 Fizzywig
Fizzywig's picture

The misery index sounds vaguley familiar.....

Federal Reserve dual mandate anyone?

Tue, 01/29/2013 - 10:57 | 3194725 Serfdom Highway
Serfdom Highway's picture

USA is #3 based on the Shadowstats figures.

Another Bronze for Team USA!

Tue, 01/29/2013 - 09:54 | 3194521 supafuckinmingster
supafuckinmingster's picture

The minute I saw Ireland, where I live, as the least miserable of all the countries on the chart, I knew the chart was utterly meaningless.


Ireland is a shit hole.

Tue, 01/29/2013 - 10:10 | 3194560 Shizzmoney
Shizzmoney's picture

Ireland is a shit hole

Yes, and most are coming here to find jobs, either illegally or legally

Young Irish stuggle in job market:

Tue, 01/29/2013 - 10:20 | 3194591 supafuckinmingster
supafuckinmingster's picture

Right on the money Shizzmoney. We are exporting our native young, all educated at great expense over many years, the children of Ireland, and replacing them by the thousand with the dregs of Africa, Asia and eastern Europe. People who don't speak English, have no loyalty to Ireland, and who, when there's enough of them will eventually start agitating for special rights from their self created ghettos.


This in a nutshell is the policy of the last couple of Irish governments.

Tue, 01/29/2013 - 11:32 | 3194665 sunnyside
sunnyside's picture

It may be a shithole, but there is something extraordinarily sexy about an Irish lass.  I don't know if it is the accent, or the confidence, or the slight promiscuousness that I have seen in most.  It works for me.

Tue, 01/29/2013 - 11:35 | 3194890 trav777
trav777's picture

i was trying to hit one in Spain of all places lol...they have whores' eyes

Tue, 01/29/2013 - 09:59 | 3194533 Joe A
Joe A's picture

But at least Spain is not Uganda....

Tue, 01/29/2013 - 10:13 | 3194571 machineh
machineh's picture

Big distortion in this Top Ten chart -- it uses Argentina's official inflation rate of around 10 percent from Indec.

But estimates of its true rate of inflation -- from private economists who release their work via opposition politicians, after several of them were fined $100,000 -- cluster around 24%.

Argentina lies so blatantly in its official statistics, that it's on the verge of being expelled from the IMF.

Use 24% inflation, and Argentina comes out NUMBER ONE ... campeones del mundo, baby!

Tue, 01/29/2013 - 10:25 | 3194614 Stuntgirl
Stuntgirl's picture

To be fair, the chart should be remade using the REAL numbers.

Argentina is not the only one bullshitting, but are they campeones at it?



Tue, 01/29/2013 - 11:38 | 3194891 machineh
machineh's picture

Probably so. The cumulative gap between 10% and 24% rates is enormous.

The official inflation index is up about 60% since the end of 2007, while the private index has TRIPLED:

Tourists can verify that taxi fares and restaurant bills have roughly tripled over that period, too.

Likely the G7 shave one percent or so off their inflation rates, but Argentina is in a league of its own.

Tue, 01/29/2013 - 10:23 | 3194600 Stuck on Zero
Stuck on Zero's picture

According to ShadowStats U.S. inflation is 6% and real unemployment is 23% yielding a real misery index of 29%.  That makes the U.S as miserable as Spain.


Tue, 01/29/2013 - 10:41 | 3194673 smacker
smacker's picture

As several other posters have rightly pointed out, the chart is based upon "official" levels of unemployment & consumer inflation.

When the true levels are used, the picture is very different.

Tue, 01/29/2013 - 11:03 | 3194746 gdiamond22
gdiamond22's picture

I was in Spain last year running with the bulls. Everyone was drunk and happy living of government paychecks - not sure where the misery was. Topless beaches were not miserable either.

Tue, 01/29/2013 - 11:25 | 3194850 Stuntgirl
Stuntgirl's picture

So, I can go to the US, to a strip club, then I can go see a rodeo, and like, make conclusions of what is happening in the economy? And make conclusions as to whether the strippers/rodeo participants are on ETB?

Tue, 01/29/2013 - 11:44 | 3194907 AgAu_man
AgAu_man's picture

Sometimes things just don't work out at all as expected:  AAPL, PM prices for ZH'ers, EU for Spain.  Spain was prosperous when they weren't saddled with the over-priced Euro or EU's Giga-regulations.  They can have it good again, but Portugal, Spain, Italy and Greece need to have their own currencies and freedom from the yoke of Brussels.  Maybe a Northern and a Southern Euro zone.

As an investor, this tells me that Spain & Portugal are good for cheap real estate.  You know... buy during doom & gloom or, better still (per the Rothschild philosophy) "when there's blood in the streets".  Then it's a real buyer's market.

Tue, 01/29/2013 - 12:48 | 3195161 s2man
s2man's picture

What? Belarus not on the list?  I thought they were going through hyperinflation right now...

Tue, 01/29/2013 - 15:04 | 3195676 pdizzle
pdizzle's picture

...or Honduras for that matter??  There public systems are shtutting down because they can' t pay their bills.  Crime is skyrocketing, etc, etc...  Given the choice I'd much rather live in Spain than Honduras...for now.

Tue, 01/29/2013 - 21:45 | 3197290 Notarocketscientist
Notarocketscientist's picture

If Spain was not getting cash from the EU it would be hell on earth. 

Just wait though...

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