Europe's Scariest Chart Goes Parabolic

Tyler Durden's picture




 

Ireland has seen its youth unemployment rate drop for 10 of the last 11 months and has dropped to a 'mere' 26.6% - the lowest since July 2010 - in what is truly the only possible silver lining in today's absolutely dreadful data release. All four of the other PIIGS nations now have broken the dismal Maginot Line of 40% youth unemployment with Italy finally joining the club (Italy 40.5%, Portugal 42.5%, Spain 58.2%, and Greece 62.5%). What is even more concerning is that not only are these rates extremely high but they are accelerating with all four of these dark nations seeing their rates rising faster than in recent months (this was the 2nd fastest rise in Greek youth unemployment ever). Overall, Europe's youth unemployment rate continues to march higher (to 24.4%) having not fallen for 24 months, but it is Spain that is the 'winner' with 41 consecutive months without a drop in youth unemployment. With welfare benefits running dry, and Sweden and Switzerland already running hot, we fear this summer may bring the much-feared unrest so many have been concerned about.

 

 

In other news, Germany's youth unemployment rate pushes on lower - now at 20 year lows...

 

Data: Bloomberg

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Fri, 05/31/2013 - 09:10 | 3613178 101 years and c...
101 years and counting's picture

will the bubble gum holding the water back hold thru sept for merkie to be re-elected?  or will it come undone and the dam break?  lets hope it breaks.

Fri, 05/31/2013 - 09:12 | 3613187 fightthepower
fightthepower's picture

When are these punks going to start killing the people who put them in this situation?

Fri, 05/31/2013 - 09:17 | 3613212 FL_Conservative
FL_Conservative's picture

Sounds like its time for the governments to start forcing companies to hire people.  That'll fix things.

Fri, 05/31/2013 - 09:44 | 3613307 forwardho
forwardho's picture

You Sir could have a bright future with .gov

Fri, 05/31/2013 - 10:27 | 3613486 notbot
notbot's picture

They are all in their mom's basement daytrading Tesla using Bitcoin.

Fri, 05/31/2013 - 15:07 | 3614640 Hard1
Hard1's picture

My technical analyisis shows some resistance at 100

Fri, 05/31/2013 - 09:57 | 3613358 venturen
venturen's picture

/SARC

Fri, 05/31/2013 - 10:00 | 3613367 BraveSirRobin
BraveSirRobin's picture

Youth unemployment can only go as high as 100%, so as far as Greece is concerned, we are nearing peak youth unemployment.

Fri, 05/31/2013 - 17:56 | 3615316 Nussi34
Nussi34's picture

Incorrect. Unemployment ratio of 100% means 1 unemployed 1 employed. The ratio can go to infinity. ---> There is still potential for the Euro-Zone!

Fri, 05/31/2013 - 12:44 | 3613689 e-recep
e-recep's picture

krugman, is that you?

Sat, 06/01/2013 - 14:57 | 3616809 papaclop
papaclop's picture

Krugmoron can help. Print, print, then print some more.I have seen nothing from him that would help. I think he wants helicopter Ben's job. The US government is dumb enough to hire him.

Fri, 05/31/2013 - 09:17 | 3613214 kridkrid
kridkrid's picture

I have $500 fake Internet dollars that says they don't end up going after the right people.

Fri, 05/31/2013 - 09:41 | 3613293 Terminus C
Terminus C's picture

not takin' that bet...

Fri, 05/31/2013 - 10:02 | 3613379 fightthepower
fightthepower's picture

Rothschilds?

Fri, 05/31/2013 - 09:18 | 3613215 bank guy in Brussels
bank guy in Brussels's picture

Spanish police officer stabs banker who sold him near-worthless bank shares :

« on Sunday, a police officer stabbed a former Bankia employee four times after a heated discussion related to the sale of preferred shares in the failed banking group »

http://www.forbes.com/sites/afontevecchia/2013/05/28/spains-bankia-decim...

Fri, 05/31/2013 - 09:38 | 3613281 otto skorzeny
otto skorzeny's picture

Great irony- a banker stabbed by a goon that is paid by the govt to protect said banker.

Fri, 05/31/2013 - 09:44 | 3613303 Terminus C
Terminus C's picture

He stabbed a low to mid level banker, as if that guy had any control over the situation.  Sure he was part of the criminal system, but, until the cops start stabbing the criminal politicians, the top level managers (ceo's etc) and the owners of said criminal institutions it will be more of the same, divide and conquer.

Fri, 05/31/2013 - 11:31 | 3613714 MagicHandPuppet
MagicHandPuppet's picture

If the cop would have stabbed himself 4 times afterwards, it would have been a small vitory for freedom.

Fri, 05/31/2013 - 09:37 | 3613272 freewolf7
freewolf7's picture

Simple math.

.

youth angst

+ no work/money

+ no future/hopium

+ long, hot summer =

fearless revolt across settings

 

 

Fri, 05/31/2013 - 11:32 | 3613720 dtwn
dtwn's picture

Math also reveals what I think will really be the worlds scariest chart: china's excess males aged 15-39 (in my mind fighting age).  

By 2015 there will be approx 25 million more males than females aged 15-39

By 2020 this rises to approx 30 million  

Lets see, if I were to brew up a recipe for extreme global chaos, I'd probably include the following:

--End of the largest extremely leveraged rehypothecated fiat currency global debt supercycle in history (check, err in process)

--Somewhere in the world that has excess production/manufacturing capacity (check, i.e Foxconn etc when china crashes)

--Global information distribution method (check, internet, but referencing the fact that CAD files for many conventional weapons are out there now)

--Global resource competition (check)

--A metric fuckton of fighting age males.  With limited job prospects.  With limited pussy prospects.  (Check, again china when it hard-lands)

 

Really, let that sink in.  30 million men unlikely to form meaningful heterosexual relationships.  Living in a country/world who's economy just deflated. See where I'm headed here?  Am I missing any other ingredients?

I'm in my early thirties, and grew up very optimistic about the future.  Now, I'm afraid we won't make it to 2020 without global economic collapse followed by some sort of conventional warfare confrontation.

Or, to put it more optimistically, if you want to become obscenely wealthy, develop a product targeting closeted Chinese gay men.

Or, another option is to solve Japan's declining birthrate is to ship over the excess chinese men.  Given history though, I don't see it.

 

Age stats source:

http://web.worldbank.org/WBSITE/EXTERNAL/TOPICS/EXTHEALTHNUTRITIONANDPOPULATION/EXTDATASTATISTICSHNP/EXTHNPSTATS/0,,contentMDK:21737699~menuPK:3385623~pagePK:64168445~piPK:64168309~theSitePK:3237118~isCURL:Y,00.html

Fri, 05/31/2013 - 13:05 | 3614014 goBackToSleep
goBackToSleep's picture

Many will die by lead poisoning when there is no longer food/jobs. The police will not have to do it primarily because there are not enough police for the job. That leaves joe public to do the job. It will be justified, because they will be trying o feed their families, but that is ultimately how population control will happen.

Fri, 05/31/2013 - 13:30 | 3614104 Totentänzerlied
Totentänzerlied's picture

That's why Thailand, Laos, Cambodia, and the Philippines exist...

Gender imbalances are a permanent fact, nothing new, what matters is how a society handles it (priesthoods, large militaries, and primogeniture are a good start).

Fri, 05/31/2013 - 18:36 | 3615406 U4 eee aaa
U4 eee aaa's picture

explains why Japan is building sex robots

Sat, 06/01/2013 - 01:12 | 3616147 kareninca
kareninca's picture

dtwn, I gave you an up arrow for noting the situation.  I keep posting on this topic:  even now in China, 118 boys are born for every 100 girls.  Selective abortion:it's practiced in India, too.

However, I don't think that war will be the upshot, for China anyway.  These only-child boys were utterly spoiled by their doting older relatives.  They are depressed and obese and hopeless creatures:  Little Emperors.  The amazing thing is that the ones who are presently managing to marry and reproduce, are aborting THEIR baby girls, too!!!!!!  Since the ratios are not improving.  This will continue to feed on itself.

I don't know of any country that has women who will want to marry these surplus Chinese males.

India is a different matter.  I can see riots happening there, due to their male/female imbalance.

Fri, 05/31/2013 - 09:54 | 3613346 Widowmaker
Widowmaker's picture

Boomers Inc?

Fri, 05/31/2013 - 09:24 | 3613232 Paddy Irishman
Paddy Irishman's picture

Dont be fooled with the Irish numbers! The reason for this is Ireland has always had an emigration culture around it when things are shit. Like now. Loads of peple going back to college or doing a state funded course by FAS...none of whom are counted as unemployed...yet they have no jobs and do these courses because they have no job! Add to that the thousands emigrating every month....Unemployment down...me hole!....down cos nobody sticking around.

Fri, 05/31/2013 - 11:52 | 3613771 ParkAveFlasher
ParkAveFlasher's picture

Move to Queens, the Bronx, Boston maybe.  Plenty of drywall for the installing!

Fri, 05/31/2013 - 19:45 | 3615596 thisandthat
thisandthat's picture

Exactly - same everywhere; unemployed will go through an endless number of random and unrelated courses, to keep them "updated": Excel programming, labour legislation, etc., etc. - they're (poorly) paid and give you the illusion they'll be useful, so that helps keeping things quiet.

Fri, 05/31/2013 - 09:27 | 3613242 Ronaldo
Ronaldo's picture

Move along, these are not the jobs you are looking for.

Fri, 05/31/2013 - 09:30 | 3613255 slaughterer
slaughterer's picture

Rumor is from the deepest centers of power: Span-Merkel might pull out of the German election, and not run.  Where does the market go then?  

Fri, 05/31/2013 - 10:15 | 3613431 gatorengineer
gatorengineer's picture

straight up.....  If she doesnt run then Germany pays Europes bills for 6 months..... and then a puff of smoke....  

Fri, 05/31/2013 - 09:31 | 3613260 Haus-Targaryen
Haus-Targaryen's picture

But Barroso said the EuroCrisis was over.  

Fri, 05/31/2013 - 09:42 | 3613297 Wile-E-Coyote
Wile-E-Coyote's picture

Irish newspapers are the most corrupt in the world; they reported unemployment falling yesterday (20k) like it was part of an economic recovery. They are a fecking disgrace. No details like 90% of the jobs created were part time low paid.

Fri, 05/31/2013 - 09:57 | 3613359 Cacete de Ouro
Cacete de Ouro's picture

Yes, these Irish figures don't mean much. Emigration is an unfortunate (or maybe fortunate for those doing it) way to get a job and life outside Ireland.

IMO, the economy is quite weak in Dublin right now except in technology where its booming - in Google anyway... The financial and investment sector is moribund, maybe not in fund servicing, I mean real investment activities..

Fri, 05/31/2013 - 09:11 | 3613179 Dr. Engali
Dr. Engali's picture

Thank goodness for printing presses, welfare, and video games or this might be a problem.

Fri, 05/31/2013 - 09:11 | 3613182 saycheeeese
saycheeeese's picture

with nothing to lose anymore.... you go to the barricades, just wait for the spark !

Fri, 05/31/2013 - 09:16 | 3613202 kridkrid
kridkrid's picture

General Lamarque is dead.

Fri, 05/31/2013 - 09:13 | 3613191 LawsofPhysics
LawsofPhysics's picture

Could we get some real numbers on this? How many 19-25 year old are we talking about here?  I'd like to offer them an opportunity to sharecrop.

Fri, 05/31/2013 - 09:16 | 3613203 fightthepower
fightthepower's picture

I'd like to offer any of the hot females a chance to be my concubine.

Fri, 05/31/2013 - 09:31 | 3613261 slaughterer
slaughterer's picture

Only if you pay for servicing in Precious Metals.  

Fri, 05/31/2013 - 09:41 | 3613292 forwardho
forwardho's picture

Agree, A % is an abstract thing. If it was reported in actual numbers of people the figures would stagger.

Is it that hard to find the demographic numbers, or is this a subtle form of propaganda?

Fri, 05/31/2013 - 09:13 | 3613192 kridkrid
kridkrid's picture

What on earth will our leaders be able to do with so many unemployed utes. If we could find meaningful work that somehow also reduced the number of unfunded liabilities on world-wide basis, perhaps with some sort of economic "reset" on the other side, we would be all set.

Fri, 05/31/2013 - 09:14 | 3613193 americanspirit
americanspirit's picture

So is 110% youth unemployment possible? I think we're going to see.

Fri, 05/31/2013 - 09:25 | 3613234 PT
PT's picture

americanspirit asks if 110% unemployment is possible.  I say yes.  When everyone needs 2 jobs to survive and don't even have one, I'd call that "200% unemployment", making 110% achievable.  Well, according to me, anyway.

Fri, 05/31/2013 - 09:46 | 3613316 Terminus C
Terminus C's picture

You have the right type of number massaging skills to be a top level employee at the BLS but you will require re-education for the direction in which you will massage.

Fri, 05/31/2013 - 17:19 | 3615212 americanspirit
americanspirit's picture

Kudos PT! With creative numbers anything is possible. All hail the economic recovery in America. Happy days are here again.

Sat, 06/01/2013 - 08:43 | 3616316 PT
PT's picture

Wot, with 600% unemployment?

Fri, 05/31/2013 - 09:14 | 3613197 HulkHogan
HulkHogan's picture

I can remember being that age, and if unemployed, I would've been high everyday and breaking windows or tagging every building in town. The lack of violence with 60% unemployment is amazing.

Fri, 05/31/2013 - 09:17 | 3613210 fightthepower
fightthepower's picture

That's why they are unemployed, they are passive fucking losers. 

Fri, 05/31/2013 - 09:25 | 3613235 BLOTTO
BLOTTO's picture

Yes. Brainwashed, with electronic gadgets to keep them subdued.

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