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The Absurdity Of European Sovereign QE In 1 'Tres Stupide' Chart

Tyler Durden's picture




 

Because buying bonds and lowering interest rates will do what exactly...

 

 

Record high unemployment in France... and record low yields on sovereign bonds (10Y below 1.00% for the first time ever)...

Charts: Bloomberg

 

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Thu, 11/27/2014 - 15:33 | 5494794 ZippyBananaPants
ZippyBananaPants's picture

We unemployed some folks

Thu, 11/27/2014 - 15:52 | 5494821 Neverstopprintingme
Neverstopprintingme's picture

to fix the french unemployment problem all they need to do is create tax incentives for a surfer dude to produce a camera on a stock...on a drone.  VIVA LAFAYETTE!

Thu, 11/27/2014 - 16:57 | 5494875 remain calm
remain calm's picture

Well obviously the divergence is not great enough and interest rates need to go negative before the employment situation shows signs improvement. At which point we will have had a revolution with massive rioting and the cities will have burned down. Then the reconstruction will take place and we will get the bums all working again. Be patient. It takes time before like Michael Browns father so eloquently said, " lets burn down this mother fucking place"

Thu, 11/27/2014 - 15:35 | 5494797 Eireann go Brach
Eireann go Brach's picture

Fuck the French!

Thu, 11/27/2014 - 15:38 | 5494801 SharkBit
SharkBit's picture

Easy.  The French are nice people.  The French Government is the issue.

Thu, 11/27/2014 - 15:55 | 5494828 Headbanger
Headbanger's picture

Nahh, I'd rather fuck some hot Italian women this time

Thu, 11/27/2014 - 16:01 | 5494830 knukles
knukles's picture

Which are the ones that don't smell and shave?

 

PS  You know for sure it's a Frenchwoman if you suck 13 oysters out her thing when you only put a dozen in.

Thu, 11/27/2014 - 16:07 | 5494850 smlbizman
smlbizman's picture

and on that note my oyster drssing just went into the trash.....happy thanksgiving knuks...

Thu, 11/27/2014 - 15:36 | 5494798 The_Dead_Bear
The_Dead_Bear's picture

About French unemployment, they don't give a sh... They know it's gonna happen anyway.

Thu, 11/27/2014 - 15:38 | 5494800 i_call_you_my_base
i_call_you_my_base's picture

Nirp nirp.

Thu, 11/27/2014 - 15:47 | 5494805 JustObserving
JustObserving's picture

Pay for the penalties for not delivering the Mistral warships to Putin? More foie de gras for every Frenchman? Maybe Hollande can have another mistress? A thirty hour work-week? More French bombs for Syria and Iraq?

Thu, 11/27/2014 - 15:43 | 5494806 THE DORK OF CORK
THE DORK OF CORK's picture

There is not enough Euros in circulation to purchase existing capacity.

More "investment" will simply increase costs without the allocation of credit.

The over capacity in France is extreme.

Think of all those fancy public transport projects without passengers,

Thu, 11/27/2014 - 15:50 | 5494813 falak pema
falak pema's picture

Sauver la patrie et sauver les banques; idiots! 

Having said that, sauver la patrie may not be compatible with sauver les banques.

But that is another story! 

Thu, 11/27/2014 - 15:49 | 5494814 THE DORK OF CORK
THE DORK OF CORK's picture

A the very least , a French government should request the French central bank to print real physical Euros and bring the construct down.

Then bring in a social credit system  but that's unlikely given its mason infestation,

A inflation out if this mess is the least people can hope for and a return to some semi normal stock and flow dynamics.

Thu, 11/27/2014 - 15:52 | 5494819 NoWayJose
NoWayJose's picture

The increase in unemployment seems to be flattening - time for more EU sanctions against Russia!

Thu, 11/27/2014 - 15:53 | 5494827 Neverstopprintingme
Neverstopprintingme's picture

I think that is a bullish megaphone pattern. Get CNBC on the line!!!

Thu, 11/27/2014 - 15:58 | 5494835 Spungo
Spungo's picture

#winning

Thu, 11/27/2014 - 16:04 | 5494845 knukles
knukles's picture

What is this fascination that French women have being mistresses to twerps like DSK and Hollande?
Says it all.
I mean, seriously.
Is that fucked up, or what?

Thu, 11/27/2014 - 16:32 | 5494898 q99x2
q99x2's picture

Typical from us to them chart. Isn't there enough data now to show the exact time when everything implodes? Lots of variables but only a few have to reach critical mass.

Thu, 11/27/2014 - 16:45 | 5494918 FieldingMellish
FieldingMellish's picture

Redefine "unemployment", success.

Thu, 11/27/2014 - 17:12 | 5494955 orangegeek
orangegeek's picture

the french socialists have crushed almost every business with their "system" and plugged every make-work program with as many overpaid union workers for the last 70 years

 

socialism running its course - all the way to the bottom - enjoy the fade france.

Thu, 11/27/2014 - 17:36 | 5494984 SpanishGoop
SpanishGoop's picture

Hot from the press. 11/27 (google translate).

France and Germany have just reaching proposals presented in Paris for growth and reforms in Europe.

What do these proposals for both countries and for Europe?

For France:

     the French labor market is 'more flexible'
     The French government is smaller and more efficient
     the legal system is reformed
     improving the competitiveness

For Germany:

     more immigration
     save less
     more women working
     invest more

For Europe as a whole:

     digital gear Union
     investment fund for Eurozone
     Full integration of strategic sectors (Economic Schengen '), including Energy and Digital
     European minimum wage

 

Same as they agreed in 2008,2009,2010.......

Thu, 11/27/2014 - 19:24 | 5495165 AdvancingTime
AdvancingTime's picture

The euro-zone is in a far bigger mess than recent headlines and figures suggest. Most of the growth in the Euro-zone over recent years has been in Germany and that bright spot is now under pressure. Italy has been in recession for two years; France’s economy has been stagnant for months. Now that Germany is slowing, many economist think the chances of a Japan-style deflationary spiral have risen sharply.

What it all boils down to is Germany can’t keep buying Greek bonds and other bad debt with German taxpayer money until the end of time. The article below looks at the corner Central banks have painted economies into by attempting to paper over reality and how these polices will hinders growth for as long as the eye can see. Bottom-line, debt does matter!

 http://brucewilds.blogspot.com/2014/10/global-economic-malaise-due-to-debt.html

Do NOT follow this link or you will be banned from the site!