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French Hope Dashed As Joblessness Surges Back Towards Record High

Tyler Durden's picture




 

For the second time in 6 months, French joblessness has re-surged back towards record highs, dashing the hopes and dreams of a European recovery. The first time it was thousands of texts that didn't get sent that implied joblessness dropped, this time, no excuse and we push back to within 2k of the all-time high unemployment in France. As Germany heads inexorably in the other direction, one can only hope the French President does not decide to take matters into his own hands and 'draft' the youth into employment.

 

 

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Thu, 12/26/2013 - 13:18 | 4276946 hedgeless_horseman
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Socialism FTMFW

Thu, 12/26/2013 - 13:22 | 4276967 Boris Alatovkrap
Boris Alatovkrap's picture

Socialism is NSFW - it is not working, plain and stupid.

Thu, 12/26/2013 - 13:39 | 4277017 Clint Liquor
Clint Liquor's picture

But all the really smart people on CNBC told me "Europe's problems have been fixed"!

Thu, 12/26/2013 - 16:28 | 4277490 negative rates
negative rates's picture

Who?

Thu, 12/26/2013 - 17:43 | 4277701 Rafferty
Rafferty's picture

There are smart people on CNBC?????

Thu, 12/26/2013 - 19:38 | 4277942 dunce
dunce's picture

Socialism will work if given enough time. Nobody knows how much time that is, because the weak from hunger people always quit trying too soon. This time will be different, there will be no famine because other people in working countries will provide food. We might have to stop wasting good corn making gasahol to provide that food, but that is the silver lining.

Thu, 12/26/2013 - 13:28 | 4276977 Canadian Dirtlump
Canadian Dirtlump's picture

Misguided socialist policy, misguided  immigration policy, and the fact that french men routinely expose themselves to foreigners are all singular reasons for me to steer clear. Together? Forget it.

 

p.s. I'll point out again that the last time the frech had a leader as unpopular as hollande, his name was adolf.

Thu, 12/26/2013 - 13:30 | 4276987 Boris Alatovkrap
Boris Alatovkrap's picture

In Ukraine, Hitler is more popular than is Stalin, but is only because Stalin is kill more Ukrainian.

Thu, 12/26/2013 - 13:46 | 4277025 Canadian Dirtlump
Canadian Dirtlump's picture

I suppose perspective is everything. Coming in second in an asshole contest isn't particularly remarkable unless you're the guy who came in first.

Thu, 12/26/2013 - 13:54 | 4277050 pods
pods's picture

Didn't they just say they were sending some troops to surrender in Mali?  

That should help bring that number down.

I can see how France was squeamish about using drones.  Really tough to explain your troops surrendering to your own drones.

:)

pods

Fri, 12/27/2013 - 00:18 | 4278486 TheReplacement
TheReplacement's picture

They won't surrender in Mali.  France is very good and ruthless against brown people.  They only surrender to the the master race.  Imagine that, racist surrender monkeys.

Fri, 12/27/2013 - 14:56 | 4279716 Analyse2
Analyse2's picture

@pods

This kind of joke is a bit tired, isn't it?

Since France refused to go to Iraq, American warmongers and neo-cons made French army look like cowards.

And some zerohedgers are falling into the neo-con world's view.

The History has proved the French were right

... And for you just one advice: Read History books !

Thu, 12/26/2013 - 14:32 | 4277171 ZH Snob
ZH Snob's picture

what's wrong with them?  don't they know how to tame the statistics?  they really need to take a few lessons from our propaganda ministry.  when it comes to disinformation, it's USA all the way!

Thu, 12/26/2013 - 13:21 | 4276953 Joebloinvestor
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France, where the solution for a failing socialist was to elect a bigger socialist.

 

HOW IS THAT WORKING FOR YA?

Thu, 12/26/2013 - 13:24 | 4276963 Toolshed
Toolshed's picture

Don't be too hard on France. In the US, we replaced the Constitution trampling Bush with the Constitution destroying Obummer. We are well and truly fucked.

Thu, 12/26/2013 - 13:27 | 4276975 Boris Alatovkrap
Boris Alatovkrap's picture

Canadia is electing Free Market Capitalist Stephen Harper... Maybe there is hope in Great White North. "Take off you are hoser!"

Thu, 12/26/2013 - 13:29 | 4276982 PrecipiceWatching
PrecipiceWatching's picture

Let's see how "Free Market" Mr. Harper is, or is allowed to be, given the existing and entrenched governmental bureucracy in Canada.

 

Also, many smug Canucks love, and even sneeringly brag about their Socialism.

Thu, 12/26/2013 - 13:28 | 4276984 Temporalist
Temporalist's picture

Hahahaha...hahahahah...hahahaha....Boris' fake Russian accent as Canadian...made my holiday.

Thu, 12/26/2013 - 17:48 | 4277722 Rafferty
Rafferty's picture

Take it from me as a former long term resident, France has two primary problems.  Unions (especially public sector  ones) and millions of unemployable Muslims and Africans.

Thu, 12/26/2013 - 13:32 | 4276988 Canadian Dirtlump
Canadian Dirtlump's picture

Odd story for you Boris. A number of years ago I was dating an unstable but sexually supercharged greek woman and living in downtown calgary. During that time I was introduced to her friend who looked like a morbidly obese sheepdog in drag who happened to drink so much it would make any proud eastern european blush. This woman apparently was Stephen Harper's main squeeze years back. I don't know if he has exceptionally bad taste, or he ruined her but I'd rather date a homeless man than that woman.

As a life long conservative I'm ashamed of my government. I'm not ashamed of Maple Syrup though.

Thu, 12/26/2013 - 13:36 | 4277008 Boris Alatovkrap
Boris Alatovkrap's picture

Boris also is enjoy of Maple Syrup and jam preservative make of Saskatoon Berry.

Thu, 12/26/2013 - 14:28 | 4277148 Canadian Dirtlump
Canadian Dirtlump's picture

what kind of craven asshole could possibly downvote that LMAO.

Thu, 12/26/2013 - 14:44 | 4277201 Boris Alatovkrap
Boris Alatovkrap's picture

Maybe is not like Saskatoon Berry?

Thu, 12/26/2013 - 14:28 | 4277147 therover
therover's picture

Is it me, or are most sexually supercharged woman unstable ? My wife pounds down Lexipro and Prozac by the ton !!!

Thu, 12/26/2013 - 14:34 | 4277175 Canadian Dirtlump
Canadian Dirtlump's picture

I'm not sure but I sure wish I would run into her ( me ex) for a sound christmas rogering for old time's sake.

Thu, 12/26/2013 - 17:44 | 4277709 Rafferty
Rafferty's picture

My experience too.  But they were worth the grief.....

Thu, 12/26/2013 - 15:35 | 4277319 Nick Jihad
Nick Jihad's picture

+1 for spelling it correctly as "Canadia", as in "Canadia - where else would Canadians come from?"

Thu, 12/26/2013 - 13:23 | 4276957 yogibear
yogibear's picture

More layoffs and unemployment is great for stocks. Every time more people are cut it sends stocks higher.

Thu, 12/26/2013 - 13:27 | 4276979 Boris Alatovkrap
Boris Alatovkrap's picture

Plus, if unemployed number is high, Central Banks is excuse to print mo-ar money! (Just like is bankster to kick man when is down)

Thu, 12/26/2013 - 15:05 | 4277256 sunny
sunny's picture

Yep.  French markets up today.  Works here in the US, works in France.  Whatever is the problem?

sunny

Thu, 12/26/2013 - 13:23 | 4276959 Boris Alatovkrap
Boris Alatovkrap's picture

Please to be patient while Boris is attempt expression of utter dismay and surprise at manifestation that is "SOCIALISM DOES NOT IS WORKING!"

Thu, 12/26/2013 - 14:06 | 4277092 U4 eee aaa
U4 eee aaa's picture

C'mon guys, even the commies get it!

Thu, 12/26/2013 - 13:24 | 4276964 slotmouth
slotmouth's picture

German exports come at the expense of periphery employment.  And yes, France is now the periphery.  

Thu, 12/26/2013 - 13:41 | 4277018 Quinvarius
Quinvarius's picture

They need to start lying like we do.  Or if they are lying, lie harder.  Pad stats.  Make stuff up.  Change the equation.  Put a happy face on the complete and epic failure Socialism is and always has been. 

Thu, 12/26/2013 - 13:50 | 4277041 Haager
Haager's picture

A lot of posts are stating socialism in France. Only thing I can see is schism and corporatocratism.

Thu, 12/26/2013 - 14:18 | 4277128 logicalman
logicalman's picture

Only one 'ism' can help when government is the problem

Anarchism.

Easy.

Thu, 12/26/2013 - 14:29 | 4277154 Nue
Nue's picture

Everyone who studies Socialism or has lived under it can tell you that it does not work. The problem is the people who advocate socilaism don't study it. They worship it. Data is cherry picked, problems swept under the rug and when a socialist country fails the old stand-by of "They were never REALLY A socialist country." starts being bandied about. Of course most advocated a mixed-economy. But Socialism is like a cancer. One cell is all it takes to eventually spread and choke off resources from the rest of the body. Weakening and eventually killing the host. 

Thu, 12/26/2013 - 15:25 | 4277300 OpenThePodBayDoorHAL
OpenThePodBayDoorHAL's picture

Blh blah all about how Socialism doesn't work. As though we are under Capitalism or something. We're under Socialism, just not the good kind. We're under the kind that gives the state's largesse to corporations and banks, not the actual people. At least France tries to give some to the actual people, we get the worst of all worlds.

Thu, 12/26/2013 - 16:50 | 4277558 Haus-Targaryen
Haus-Targaryen's picture

You apparently have never had to pay taxes in France. 

Sat, 12/28/2013 - 22:15 | 4282593 bichat
bichat's picture

But did he had to pay for cancer treatment while being poor in the US? that is also something to think about

Fri, 12/27/2013 - 00:39 | 4278507 TheReplacement
TheReplacement's picture

You are mistaken.  The people who advocate it never intend to live under it themselves.  They are like the snake oil salesmen of politics.  It's a big rip off.  They get the power and money and you get a broken down 1950's Chevy.

Sat, 12/28/2013 - 22:13 | 4282589 bichat
bichat's picture

If socialism is like cancer, what is capitalisme? The plague?!

Thu, 12/26/2013 - 15:36 | 4277323 Iam Yue2
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François Hollande said Thursday that "the reversal of the unemployment curve is well underway." A "sustainable reduction in unemployment is now within our reach."

Thu, 12/26/2013 - 17:09 | 4277612 orangegeek
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More bullish news.

 

BTFATH everyone!!!!!

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