• BullionStar
    05/30/2016 - 21:24
    The US Gold Market is best known as the home of gold futures trading on the COMEX in New York. The COMEX has a literal monopoly on gold futures trading volumes worldwide, but very little physical...

You Call This A "Union"?

Tyler Durden's picture


As Michael Cembalest of JPMorgan notes, Spanish unemployment is 24% despite the highest levels of labor shortages in Germany in 25 years - what kind of monetary union is this?

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Tue, 06/19/2012 - 11:40 | 2539636 disabledvet
disabledvet's picture

"Sorry Spain but you gotta go. Your mean."

Tue, 06/19/2012 - 11:59 | 2539731 Rich Bagg
Rich Bagg's picture

Would you rather live in Germany or Spain?  Would you rather bang a hot Spanish babe or some fat pale white chunk with Cankles?

Germany sucks.  That's why there is nothing to do but work and get drunk.



Tue, 06/19/2012 - 12:02 | 2539744 NotApplicable
NotApplicable's picture

Wait, you mean to say there's more to life than that?

Tue, 06/19/2012 - 13:10 | 2539971 Carl Spackler
Carl Spackler's picture

Did some say the Spanish Inquisition ?

Well then put the German in the comfy chair!

Tue, 06/19/2012 - 13:36 | 2540074 Ghordius
Ghordius's picture

Sure. JPMorgan is doing everything it can to calm the waves and let Hispanic-German joint ventures come back online, eh? /SARC

Come on, they are up to their eyeballs into EUR, gold, silver etc. shorts and they want to find new muppets. Do them a favor and buy some.

Tue, 06/19/2012 - 13:39 | 2540104 GeneMarchbanks
GeneMarchbanks's picture

Buy €, Crash JP Morgan!

You heard it from me first folks.

Tue, 06/19/2012 - 12:02 | 2539746 Rubicon
Rubicon's picture

Id rather shag a Kraut than some sweaty, hairy spaniard!

Tue, 06/19/2012 - 12:06 | 2539760 Rich Bagg
Rich Bagg's picture

Not me Man.  Kraut's don't like sex and their farts stink real bad.  German farts under the covers can be lethal.



Tue, 06/19/2012 - 12:14 | 2539788 Rubicon
Rubicon's picture

Its all the cabbage they eat.

Tue, 06/19/2012 - 12:14 | 2539789 falak pema
falak pema's picture

saurkrauts and rich farts in the bag, you are very refreshing guys to talk turkey to, about which goose to gander! 

Tue, 06/19/2012 - 15:57 | 2540630 Thomas.2012
Thomas.2012's picture

Well Richy, it seems you got what you deserved - an old ugly farting german ;-)

Tue, 06/19/2012 - 12:16 | 2539800 Tinky
Tinky's picture

We are diametrically opposed.

Tue, 06/19/2012 - 12:12 | 2539785 malikai
malikai's picture

So wrong, on so many levels. Obviously Mr Bagg has never been to either Germany OR Spain.

Tue, 06/19/2012 - 12:28 | 2539836 Nussi34
Nussi34's picture

Spanish women are fat and short.

Tue, 06/19/2012 - 12:59 | 2539935 pods
pods's picture

Well, except for the tall skinny ones.

Tue, 06/19/2012 - 13:17 | 2540000 Debugas
Debugas's picture

problem with germany is they are nationalists - they want you to speak german and they pay you twice as little as they pay germans for the same type of job

Tue, 06/19/2012 - 12:01 | 2539741 Rubicon
Rubicon's picture

None of the vacancies are for waiters.

Tue, 06/19/2012 - 13:15 | 2539993 Carl Spackler
Carl Spackler's picture

The assumption underlaying Tyler Durden's point here is that Spaniards even WANT to work rather than siesta.



Tue, 06/19/2012 - 12:10 | 2539774 slaughterer
slaughterer's picture

I am sorry, but it is time for Tyler to say something about GOLD and SILVER calling the QE3 story BULLSHIT today.  

Tue, 06/19/2012 - 12:47 | 2539898 Rip van Wrinkle
Rip van Wrinkle's picture

It's Bernanke time!! $50 off gold in a twinkle of an eye. About 7.14 and 50 seconds tomorrow evening EST.

Tue, 06/19/2012 - 16:56 | 2540821 Gief Gold Plox
Gief Gold Plox's picture

Alarm clock set. Thank YOU SIR!

Tue, 06/19/2012 - 11:42 | 2539643 slaughterer
slaughterer's picture

Spanish soccer players are just too expensive for the Bundeslig.  

Tue, 06/19/2012 - 11:48 | 2539676 Wolferl
Wolferl's picture

Not anymore. The debt laden spanish clubs will collapse soon.

Tue, 06/19/2012 - 12:04 | 2539750 falak pema
falak pema's picture

Spanish plumbers now invading france even to fix my private plumbing which rattles me to my brass bells. I feel like that cow called Marguerite, childhood memory. Will the spanish armada now be pushed to unemployment like the tercios of old? 

I can hear the french soccer players singing Marignan, Rivoli; as they hope to face Italy in quarters. Denouement this evening. Swedes have Goliath, called Abraham-vichy-goat; hope he will get properly sacrificed, kosher style, to honour his forbears. 

Tue, 06/19/2012 - 12:30 | 2539840 Nussi34
Nussi34's picture

The Bundesbank will get the soccer players, since they were pledged as colateral!



Tue, 06/19/2012 - 11:43 | 2539644 francis_sawyer
francis_sawyer's picture

In the US, these problems are easily 'fixed' by accounting gimmicks...

Tue, 06/19/2012 - 11:42 | 2539647 Parth
Parth's picture

But those are jobs for illegal aliens from Turkey. Greeks and Spaniards want a good job with benefits and vacations. They deserve better.

Tue, 06/19/2012 - 12:00 | 2539735 Mercury
Mercury's picture

Because they have nice tans?

Tue, 06/19/2012 - 12:25 | 2539827 Parth
Parth's picture

Because they are white, Christian and European.....they are entitled. Its so sad that this European group that has ruled the world for the last 600 years still does not realize that Asia is the jobs engine, and the menial jobs in Germany USA belongs to immigrants. I saw an article about a Greek IT engineer working as a tour guide in Athens and hoping to migrate to Australia. Doesn't the fool understand he would get an IT job in INdia way faster, but no he can't move to India as it is different. Its the mentality that the Anglo-European world will need to change or perish like sub-saharan Africa. THere is limited jobs and resources and its only gonna get worse. Asia is the next meal ticket.

Tue, 06/19/2012 - 14:14 | 2540234 smb12321
smb12321's picture

Except for the past 200 years, Asia has ALWAYS been the next meal ticket.  In terms of population, invention, dynamism, longetivty and power, the last 200 years are simply a footnote. Mind you, it's a huge footnote since the world now uses - whether it likes it or not - economies, governments and social structures originating in Europe (media, public education, hospitals, modern technology, etc).    

When will folks learn?  You can't stay on top if your population (and economy) is on a 20 years decline and your reaction is to denude your nation/continent of any defense?  In its history, China has never carried through on her external power despite overwhelming odds.  She always seems to eventually withdraw.

Tue, 06/19/2012 - 17:59 | 2540981 Lednbrass
Lednbrass's picture

Thats one possiblity.

The other is that the West fires up the engines and does what they have been the best at for the last two millenia- full blown war.  Not the bs "win hearts and minds" nonsense of recent years but the old style "kill you and flat out take your shit" kind.

Tue, 06/19/2012 - 12:27 | 2539828 Parth
Parth's picture

They also ought to try learning Mandarin. Its like Greek to me anyways.

Tue, 06/19/2012 - 11:43 | 2539651 LawsofPhysics
LawsofPhysics's picture

With friends like this, you certainly don't need any enemies.

Tue, 06/19/2012 - 11:44 | 2539652 Ahmeexnal
Ahmeexnal's picture

Japan formally dissolves as a nation: Russia and China are being begged to shelter 40 million japanese nuclear refugees.




A new report circulating in the Kremlin today prepared by the Foreign Ministry on the planned re-opening of talks with Japan over the disputed Kuril Islands during the next fortnight states that Russian diplomats were “stunned” after being told by their Japanese counterparts that upwards of 40 million of their peoples were in “extreme danger” of life threatening radiation poisoning and could very well likely be faced with forced evacuations away from their countries eastern most located cities… including the world’s largest one, Tokyo.

Tue, 06/19/2012 - 11:46 | 2539667 tmosley
tmosley's picture

EU Times is 100% lies.  How quickly we forget past track records in our rush to confirm our own biases.

Tue, 06/19/2012 - 11:50 | 2539686 Non Passaran
Non Passaran's picture

Look who's here - the American Ahmedinajad is rooting for war again!

Moments of peace are causing him pain.

Tue, 06/19/2012 - 14:16 | 2540241 smb12321
smb12321's picture

LOL!   It's surprising the number of posters who have wet dreams over collapse, war, destruction and day-to-day survival like cave men. 

Tue, 06/19/2012 - 11:56 | 2539707 falak pema
falak pema's picture

stale recycled junk and fear mongering. Watch out for bearded clowns and their monkey shows. 

Tue, 06/19/2012 - 11:58 | 2539727 i-dog
i-dog's picture

That "report" is nearly 3 months old. Has anything relevant happened since?

Tue, 06/19/2012 - 12:12 | 2539756 Ahmeexnal
Ahmeexnal's picture

You mean that chernobabies being born in japan are not "relevant"?


And maybe you missed it, but japan is now trading with china without USD.  Expect such an agreement with Rossiya in the very near future.

Tue, 06/19/2012 - 12:21 | 2539805 i-dog
i-dog's picture

*sigh* ... another blog "report" from 3 months ago  -- posed as a question (one of the oldest tricks in the misinformation handbook): "Are doctors killing deformed babies?"

You can do better than that....


[edit] Your added second paragraph appeared after I'd typed my reply ... and is totally unrelated to the topic you raised.

Tue, 06/19/2012 - 12:23 | 2539820 Ahmeexnal
Ahmeexnal's picture

I assume you are content with TEPCO's official line that Fukushima has been fixed and radiation is actually good for you.

You must also believe that the global economy is in recovery. Green shoots?


Tue, 06/19/2012 - 12:39 | 2539856 i-dog
i-dog's picture

Stop building straw men ... it doesn't help your credibility at all. Get back to your original statement and my original question: "Has anything relevant (to the move) happened since?"

Tue, 06/19/2012 - 11:44 | 2539653 Cognitive Dissonance
Cognitive Dissonance's picture

"You Call This A "Union"?"

Maybe it's a circle jerk?

Tue, 06/19/2012 - 11:50 | 2539687 Uncle Remus
Uncle Remus's picture

Full metal circle jerk.

Tue, 06/19/2012 - 11:57 | 2539689 WhyDoesItHurtWh...
WhyDoesItHurtWhen iPee's picture

Dodecatuple Euro Rudder.

Tue, 06/19/2012 - 11:51 | 2539692 Non Passaran
Non Passaran's picture

The Union Jerk

Tue, 06/19/2012 - 11:44 | 2539661 tmosley
tmosley's picture

Spanish aren't willing to relocated, I suppose.  That or there are signs all over Germany saying "Die Spanier müssen nicht gelten".

Tue, 06/19/2012 - 11:46 | 2539668 LukeWorm
LukeWorm's picture

What are the unemployment percentages in the different US states ? 



Tue, 06/19/2012 - 11:47 | 2539674 elwu
elwu's picture

What?!? Which part of "montetary union" is it that you don't understand?

And please don't forget that also in the USA there are regions with very high unemploymentand regions with very low unemployment. What kind of monetary union is this?

Ah, and FYI, there are more and more well educated Spaniards, Greeks, Portuguese leaving home and going to Germany, since there are jobs for them. Now, of course, Germany is accused of brain draining their home countries *g*

This Germany bashing is getting more and more ridiculous. Next thing they will be accused of is that the US job market is not recovering because Germany refuses to foot the GIPSIFs party bills forever... Wait! This accusation is already uttered, by no less than Mr. Obama himself.

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