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Europe's Scariest Chart Just Got Scarier-er

Tyler Durden's picture




 

We were the first to note the dire state of youth unemployment in Europe here, and reiterated here, as this terrible social situation just goes from bad to worse this month. Whether youth unemployment is a proxy for sales of PlayStations or for the much more critical likelihood of widespread social unrest and eventually the dissolution of Europe's political compact is unclear but one thing is for sure - Europe's leaders will be watching this chart and quaking as nation after nation breaks to all-time high levels of joblessness for the critical tinder-box of Under-25 year-olds. The Euro-zone youth unemployment rate is back over 22% for the first time since September 1994. With Spain and Greece over 50% (and rising) and Italy now joining Ireland over 35% at the same time as Germany's youth unemployment falls below 8% for the first time since May 1993 - one can only surmise the rising tensions between the haves and the have-nots (even as Germany's PMI disappoints).

For comparison, the US is not exactly sunshine and roses, with 16-17 year-olds back near 30% unemployment and 18-19 year-olds back over 22% - even as 20-22 year-olds improve gradually.

Charts: Bloomberg

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Wed, 05/02/2012 - 09:38 | 2390906 pods
pods's picture

So many young people, so little to do.  

Toss in a cable and internet outage and things get ugly real quick.

Wed, 05/02/2012 - 09:42 | 2390919 Dan The Man
Dan The Man's picture

you mean amerika?  not much to do there either

Wed, 05/02/2012 - 09:43 | 2390921 MillionDollarBonus_
MillionDollarBonus_'s picture

I believe that President Van Rompuy is setting himself up as a prime candidate for the Nobel Peace Prize. President Sarkozy correctly warned that a failure of the Euro will inevitably lead to war between the formerly unified nation states and President Rompuy is literally saving MILLIONS of lives by holding the Euro currency together. I hope that his courage does not go unrewarded and that we can find it in ourselves to put aside social prejudice and thank global leaders for their courageous work.

Wed, 05/02/2012 - 09:55 | 2390939 GetZeeGold
GetZeeGold's picture

 

 

I got my Nobel Peace Prize in the mail just last week.....it was an awesome feeling.

 

Wed, 05/02/2012 - 09:59 | 2390981 Red Raspberry
Red Raspberry's picture

Wasn't it a two for one offer?  As seen on TV?

Wed, 05/02/2012 - 10:56 | 2391181 Paul Atreides
Paul Atreides's picture

I ordered 10 for 99 cents and now they will not stop sending them to me...AND they keep charging my credit card!

Wed, 05/02/2012 - 11:07 | 2391219 Charles Wilson
Charles Wilson's picture

Fortunately it's not actually...ummm...your card.

Won't mommy be surprised, what with dad in prison for tax evasion and all.

Oh, well.  Just another day in the FEMA Camp.

 

CW

Wed, 05/02/2012 - 09:47 | 2390940 Canucklehead
Canucklehead's picture

I agree with you on your point. 

What I don't understand is why Europe won't publish the unemployment rate for the 8-14 year old demographic?  Is it good news on the child labor front or are there massive unemployment numbers that will greatly affect investor sentiment?

Wed, 05/02/2012 - 09:54 | 2390964 GMadScientist
GMadScientist's picture

I laughed.

 

Wed, 05/02/2012 - 09:56 | 2390973 LongSoupLine
LongSoupLine's picture

MDB,

I just soiled myself.  Now that's the funny shit I love to see out of you.  Made my morning.

Wed, 05/02/2012 - 09:58 | 2390975 francis_sawyer
francis_sawyer's picture

 "a failure of the Euro will inevitably lead to war between the formerly unified nation states"

~~~

I guess Game Fly accidentally sent you 'The Sims' instead of 'Age of Empires'...

Wed, 05/02/2012 - 10:12 | 2391008 edotabin
edotabin's picture

Yeah ... .Just like "If you don't join the Euro, you will all die of startvation in 1 year!"

Wed, 05/02/2012 - 10:15 | 2391023 theTribster
theTribster's picture

U obviously forgot the [sarc] tag. I think van rompoy will get what he deserves - Nigel Farage will see to that. Remember Mussolini...

Wed, 05/02/2012 - 12:27 | 2391454 laozi
laozi's picture

It's no fun with a sarc tag. it does not make you think. 

Wed, 05/02/2012 - 10:18 | 2391032 The Beam
The Beam's picture

Wow, that's like saying we should give the Peace Prize to a sitting President who hadn't done anything yet and ended up causing more war AFTER winning the Peace Prize.

That willl NEVER happen. Pfft! What fairy tail are you watching?

*insert picture of Obama here*

Oh...wait it has happened?

Well I guess anybody can win it then. I guess I could actually foresee it!

Wed, 05/02/2012 - 10:44 | 2391133 Troncom
Troncom's picture

Yes get Europe's youth unemployment down by getting them all to kill each other

Wed, 05/02/2012 - 16:15 | 2392055 _ConanTheLibert...
_ConanTheLibertarian_'s picture

President? You mean unelected pedophile clown.

Thu, 05/03/2012 - 07:48 | 2393272 MeelionDollerBogus
MeelionDollerBogus's picture

Anything other than dissolution of the Eurozone will mean civil war and mass murder across the European countries.

It's that simple. Romania & Greece show it for what it is. Italy isn't far behind. We'll see about Spain & Portugal but Spain & Ireland have already been hit with massive protests... so what do you think is next?

I think it's executions.

Rompuy is a petty dictator fit for the gallows only.

Wed, 05/02/2012 - 09:46 | 2390938 fightthepower
fightthepower's picture

Revolution bitches!

Wed, 05/02/2012 - 10:05 | 2390997 Gordon Freeman
Gordon Freeman's picture

Yeah, right.  Have you ever been to Europe?  The idea of their "unemployed youth" being any sort of "social threat" is risible.  Despite their protestations, the governments over there keep them well supplied with shelter, food, and vice.

No, I don't think any wars or "revolutions" are in the offing anytime soon...

Wed, 05/02/2012 - 09:48 | 2390944 Eireann go Brach
Eireann go Brach's picture

According to the Greeks, the Young Germans have a low unemployment rate because they are all in Hitlar training camps and this counts as employment!

Fri, 05/04/2012 - 03:13 | 2395989 Bag Of Meat
Bag Of Meat's picture

No we think it's because they take their time making retarded comments.

Wed, 05/02/2012 - 09:39 | 2390907 Aziz
Aziz's picture

Malaise!

Wed, 05/02/2012 - 09:39 | 2390910 LawsofPhysics
LawsofPhysics's picture

The've got the guns, but we've got the numbers?  I see a great opportunity for today's youth in providing "security" to some retirees.  LOL.

Wed, 05/02/2012 - 09:41 | 2390914 astoriajoe
astoriajoe's picture

now might be an opportune time to legalize cannabis there.

Wed, 05/02/2012 - 09:43 | 2390926 Dan The Man
Dan The Man's picture

has anyone done the math on potential revenues from marijuana taxation?

Wed, 05/02/2012 - 09:52 | 2390959 kridkrid
kridkrid's picture

I'll get right on that, sometime this week... Maybe next.

Wed, 05/02/2012 - 09:59 | 2390978 WillyGroper
WillyGroper's picture

Deficit resolved in 2 days. Long chips & chocolate.

Wed, 05/02/2012 - 10:15 | 2391025 Manthong
Manthong's picture

They will never legalize it.

The "War on Drugs" is way too important to legitimizing the police state and controlling currency.

 

Wed, 05/02/2012 - 10:31 | 2391083 astoriajoe
astoriajoe's picture

perhaps, but it may do wonders to pacify a young, angry mob.

Wed, 05/02/2012 - 11:11 | 2391228 Anton LaVey
Anton LaVey's picture

Spain and Holland have legalized it.

A lot of countrues in the E.U. actually turn a blind eye to consumption, as long as the quantities in possession of an individual are small.

So: couple of reefers = OK. Couple of pounds in your backpack = NOT OK.

Make of that what you will.

Wed, 05/02/2012 - 12:11 | 2391409 kridkrid
kridkrid's picture

I can make a broach, a taradactal...

Wed, 05/02/2012 - 12:32 | 2391471 laozi
laozi's picture

I was in the London the day it was legalized for "personal usage". Strange smells from many windows.  

Wed, 05/02/2012 - 09:42 | 2390916 Cognitive Dissonance
Cognitive Dissonance's picture

"Europe's Scariest Chart Just Got Scarier-er"

Lions and Tigers and Bears. Oh my!

Wed, 05/02/2012 - 09:55 | 2390965 GMadScientist
GMadScientist's picture

Bulls, and Bears, and Whales, Oh Shit!

 

Wed, 05/02/2012 - 10:42 | 2391124 matt_chart
matt_chart's picture

So True. Once a trend begins it can be difficult to reverse it, and these trends are saying SKYROCKETING UNEMPLOYEMNT!

 

Understanding Trends

http://stocklegends.com/technical-trading/understanding-trends/

Wed, 05/02/2012 - 09:41 | 2390917 francis_sawyer
francis_sawyer's picture

Hand each one of them an uzi and the chart would get better real fast...

Wed, 05/02/2012 - 09:42 | 2390920 Dan The Man
Dan The Man's picture

nice!

Wed, 05/02/2012 - 09:45 | 2390932 Temporalist
Temporalist's picture

Now that's a jobs plan Obama and Mitt can get behind...because they'd never stand in front of a mob that has Uzis.

Wed, 05/02/2012 - 09:52 | 2390961 francis_sawyer
francis_sawyer's picture

Yet another complicated problem solved with simple deductive reasoning...

Wed, 05/02/2012 - 10:00 | 2390980 i_fly_me
i_fly_me's picture

99% of them, upon failing to find a way to plug said uzi into their Wii, would try to sell it.  This would cause the price of uzis to crash to their scrap metal value and I might finally be convinced to add a couple to the collection.

Wed, 05/02/2012 - 10:07 | 2391001 Gordon Freeman
Gordon Freeman's picture

They's just shoot themselves in the feet.  Think of the additional medical bills!  

Wed, 05/02/2012 - 09:43 | 2390925 Temporalist
Temporalist's picture

No need to work when the central banks are giving away so much free money right? 

Wed, 05/02/2012 - 09:43 | 2390928 Killtruck
Killtruck's picture

Paging Dr. Kalashnikov, Dr. Kalashnikov to Eurozone.

Wed, 05/02/2012 - 10:03 | 2390993 Curtis LeMay
Curtis LeMay's picture

Too Red, guys.

The Colonials/Brits have the patent on Revolution, eh?

I just want the piano wire concession in euroland...

Wed, 05/02/2012 - 09:44 | 2390930 NetDamage
NetDamage's picture

Are many of these young people actually unemployed or are they "working" from their Ipad, surfing the internet for recipes on explosives?

Wed, 05/02/2012 - 09:46 | 2390937 YuropeanImbecille
YuropeanImbecille's picture

no, they are out raping and robbing people and calling it Jihad.

 

http://www.youtube.com/watch?v=n1B7m--1kWI

Wed, 05/02/2012 - 10:14 | 2391017 LFMayor
LFMayor's picture

Oh, they're out there nosing around all right.  Buying up the "anarchist cookbook" (total shit info, for those of you tempted to try it, I bought it at a local gunshow when I was 14) and using craigs list to hunt up C4. 

For all of you pinning your hopes on the "youth",  just look to that set of hydrocephalic morons from Cleveland in the news yesterday and you'll see the apex realized.  That's the best your are going to get.  That represents the sum total of any who can at the very least be moved to independent thinking and action.

When this thing starts, the curtain is going to get pulled back and the left exposed for the muddling, theorizing, incapable of action pack of do-nothings that they are.  Their great armies of 300 pound lard ass SEIU members, rabid 85-IQ inner city futureless gang bangers  and 120 lb. street theater activists are going to momentarily flutter like rags in the wind, then lay around stinking like that cum towel you find on Tuesday under the bed after a wild weekend.

All this, at least here in the USA, where we have all sorts of gats n shit.   Europe, well I worry about them, especially since any bloodlines that had real pep in them got noticeably thinned about 60 years ago.  I hope they surprise and prove me wrong.

Wed, 05/02/2012 - 10:25 | 2391060 CharlieSDT
CharlieSDT's picture

That Cleveland thing was another horseshit "foiled terrorist plot" with all ideas and fake bombs provided by the national security forces.  They do this all the time now.

Wed, 05/02/2012 - 09:44 | 2390931 Manthong
Manthong's picture

It's going to be a hot summer in more ways than one.

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