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France's 'Recovery' In 1 Hard-To-Believe Chart
With French government bonds trading at record low yields under 1.5%, it is hard to argue that the troubled socialist nation is 'priced' for either recovery or credit risk... but then again, thanks to Draghi's promise and domestic banks' largesse, none of that matters. With joblessness at record highs, the following chart of France's "recovery" shows near-record high bankruptcies and record-low profitability. Oh the beauty of socialism...as Europe's core diverges dramatically.
"Recovery"?
* * *
The widening popularity gap between Angela Merkel of Germany and Francois Hollande of France reflects the countries’ diverging economic performances.
In June, the German unemployment rate fell to 5.1 percent, according to Eurostat. That is half the rate in France and the country’s best reading since reunification.
Source: Maxime Sbaihi of Bloomberg Briefs ( @MxSba )
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Fuck Yeah!.
Ebola style recovery.
The body lives, but the brain is dead.
Wo hoooo
Mike Mike Mike Mike
Don't worry France, our Caliph-in-Chief has us right behind you!
Socialism: "The equal sharing of misery"
http://twg2a.files.wordpress.com/2011/05/socialismsince1917.jpg
France is 25 years from being Francestan.
There's no recovery from that.
Wait till the immigrant scum start tearing down the Lourve. Maybe that will
be enough of a wake-up call for the French.
Can Ameristan be far behind?
That comes after Amerxico first
I thought the US is AmerAviv?
well my understanding is that it is unconscionable racism for any European people to wish to maintain their identity and culture or remain an ethnic group in their own homeland.
fortunately, our spiritual and moral superiors are helping us to see the light...
Of course, they are not bound by the same ethics or moral law...
Running out of other people's money so soon?!
And they are pinned into this. As the economic situation worsens, the popular reaction to any attempt to curb Gov. largess when meet even more resistance. At this point, I'd be watching private sector CAPEX and capital outflows.
True. And the murder rate and guillotine production rate.
Hey, that's two charts!
We're going to follow the European model right down the toilet because, after all, they are so much smarter than we are.I can hardly wait for the inner city riots to start so our socialist masters can create even grander idea's of utopia. I call shotgun on the window seat on the train to the gulag.
Your inner city riots have started already! Are you not watching the news reports from St Louis?
"Have started"
Buddy, those riots happen from time to time, every few years, usually by one specific racial minority, and have been happening since the 1960s. Nothing new here.
yah that racial minority actually practices the "broken window" theory of prosperity, as opposed to just talking about it. If they didn't get jailed so often they would be monstrously prosperous. They just can't break enough windows between sentences. Whitey is holding them back.
Que sera sera. Let them eat cake.
with turd sprinkles.....
Skittle-pooh.
How many trillions did they print for their billionaires?
Someone is going to lose a bunch of money on those bonds...
True. The poor bastard who tries to short this insanity.
French are lazy, nothing will get them off their asses, same as Mericans
Germany still makes stuff, and good stuff.
Too bad the U.S.A. sold out to China.
France? Yet another fallen empire.
We'll know it's serious when Alsace-Lorraine secedes from France and applies for incorporation into the Reich, er, I mean into Germany.
Most of the Elsass today is filled with Arabs and Africans from the former French colonies. They can apply as much as they want, we don´t want them.
Max has a few words about that, Ebworthen. Good watch...
http://www.maxkeiser.com/
France is almost failing as long as Italy and Japan have. Yet, try renting a house for a week in Alsace or Provence.
The top 10% are doing as well in France as they are in the US (or Japan or Italy). Stop blending the economic worries of the Trash Class with the Elysium Class and Elysium Support Class. The Trash Class is simply food for the predators and supply soldiers for the wars.
Right on. For shits and giggles check out the Michelin France Guide prices for high class hotels & restaurants. 450 EUR per room and night with breakfast additional at 25 EUR per head. Restaurant meal in 2star place 150EUR per head sans vin.
Clearly, France's failures must mean it needs some moar socialism (!)
Go to it M Hollande, we know you can oblige.
"Oh the beauty of socialism"
Oh the beauty of blindly casting blame to appeal to Glenn Beck turds.
True, but besides the usual (R)etard links, there's a few (D)umbasses ones too. But, overall, you are right. It increases the clicks.
Between the Libertard Beck fans and the Russian Troll Army, I suspect that this site has a tough time gaining any traction in increasing its viewership.Which is too bad.
What draws me is the - No Censorship!- policy which is so rare and so awesome these days.
I had fled from Huffpo and its corporate insistence that I reveal who I am (a member of the Yatze Junta Zionist Nazi IMF paid blogesphere) and from supposedly "progressive" sites like CommonDreams that goes so far as to delete the history of dissenting comments, to "disappear" dissenters.
So ya, I actually really appreciate Zero Hedge. Might even send a donation if I can do so without revealing my US State Department/NSA/CIA/BlackWater/Bilderberger/9-11Government paid Terrorist identity.
I keep getting "Site in maintenance mode, Try again later" messages when going onto ZH. Anyone else having this problem?
It happened to me a couple of times yesterday. Could be just an NSA update or something.
C'mon NSA, speed things up, you're supposed to be the x-spurts.
Maybe too busy updating Iraq's "new" boots on the ground.
That darn Socialism!
Why would people invent bankruptcies and depressions when Capitalism does such a great job?
Clearly, France's economic underperformance is a capitalist plot to discredit socialism!
Short FTSE, Short EUR.
Only way FTSE can go up is if there's massive asset purchases, thereby hitting the euro. You make money either way.
Alternatively for easier math, short FTSE long DAX.
would like to see this for the US...anyone have the data at thier fingertips?
Indicates Lack of Pricing power, low demand. same as usa.
Obviously French taxes are too low. Maybe raising top rates to 85% will spur economic growth and lower unemoyment.
Austerity measures are killing the EU, barring Germany - the only country that profits from them. To pay the debt, two solutions : you sell the country bit by bit, or you raise the taxes. None is good. The end of the EU is what would be good.
france wont pass 2015 winter. absolutly no way.
when gov say to not panic, it is time to panic. after 40 years of BS? last week prime minister said with closed eyes " fall.......gonna be hard."
now you know shit has quit the anus and is flying to the fan.
Peace....frog - Jim Morrison
The simple solution is obviously to raise taxes .
The low German "unemployment" is attributable to millions of shit jobs paying 450 EUR per month.
No country in Europe is socialist. Just because they are all to the left of the US does not make them socialist
Technically, you are correct - even though many European governments own stakes in large firms, the economic structure is not explicitly socialist - but in spirit, what with the high taxes, ridiculous welfare/retirement benefits, mass of bureaucracy and regulation, almost every European country is socialist.
Maybe it would be better to call them radical welfare states.
How does one measure 'Socialism'?
For that matter, how does one measure, "Capitalism"?
Is Nationalist Socialism still Socialism?
Before 1939 the general answer was "Yes" and afterward, "No". But can we honestly say that it is not?
The fact is that BOTH the US and the nations of Europe are SOCIALIST of the Nationalist variety.
If they weren't you would not have such regulatory regimes.
Well, I see Hollande and Merkel's popularity compared, along with their respective economic and international policies.
Where is the comparison with the "other" great European Power, Russia?
Of course, the idea of annexation of foreign territories - even by referendum - as a tool to increase approval rating may not sit well with the rest of Europe.
I believe that both France and Germany - not to mention Italy - have peripheral ethnic territories outside their borders.
Be careful what you wish for.