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  • Stability Of The European Union June 1, 2015 To ???

    This instablog is designed as an interactive News Concentrator devoted to news and discussions about the debt and associated problems in the EU and its member states.

    The top portion of the instablog contains useful background information/ charts.

    Up-to-date news content is posed in the comments area. So if you are interested in current news, read the comments.

    I HAVE HAD TO SHORTEN ALL THE HISTORICAL PICTURES AND LINKS SINCE A RECENT UPDATE BY SEEKING ALPHA LOST ALL OF THE UPLOADED MATERIALS.

    ____________________________________________

    EFSF

    What is the EFSF?:

    The European Financial Stability Facility (EFSF) is a special purpose vehicle financed by members of the Eurozone to combat the European sovereign debt crisis. The €110 billion bailout to Greece is not part of the EFSF guarantees, but a separate commitment.

    When you look at the Guarantee commitments by the different euro zone countries [tinyurl.com/3xde35o] you will see something interesting. Greece, Ireland, Italy, Portugal, and Spain (i.e., the PIIGS) account for over one-third (36.7%) of EFSF commitments. All by themselves, Italy and Spain have a financial commitment of almost one-third (29.8%) of the total EFSF commitment.

    ___________

    Fantasy Greek GDP Growth Rates:

    In the fantasy report "Greece: Preliminary debt Sustainability Analysis" dated February 15, 2012 which I referred to as the "Deus ex machine" report one of the EUs key economic assumptions was that Greek GDP growth in 2012 would be -4.8% and -1% in 2013.

    The Greek economy saw growth rates of:

    -0.2% in 2008,
    -3.3% in 2009,
    -3.4% in 2010,
    -6.9% in 2011
    -7.5% in fourth quarter of 2011.
    (Data from John Mauldin report tinyurl.com/7axvcmw)

    FUNDING GAP

    (click to enlarge)

    From: ZeroHedge - tinyurl.com/88qfjmc

    Ten Year Bond Yield Curves as of 7/20/2012

    From: The Disciplined Investor tinyurl.com/7yg5zku

    (click to enlarge)

    Here are some interesting charts on Italy sourced from Bloomberg's BRIEF
August 7, 2012, available on "The Big Picture" site:tinyurl.com/8lty5uj.

    I verified the shadow economy figures in the following sourced article about shadow economies:

    Shadow Economies: Size, Causes, and Consequences by FRIEDRICH SCHNEIDER and DOMINIK H. ENSTE, Journal of Economic Literature
Vol. XXXVIII (March 2000) pp. 77-114tinyurl.com/8fpz6nz.

    (click to enlarge)

    (click to enlarge)

    (click to enlarge)

    (click to enlarge)

    ----------------------------------------------------------------------------

    2013

    (click to enlarge)

    From: Labor Force Survey by the Hellenic Statistical Authority January 10, 2013tinyurl.com/bzjlk4m

    (click to enlarge)

    From: Labor Force Survey by the Hellenic Statistical Authority January 10, 2013tinyurl.com/bzjlk4m

    (click to enlarge)

    This chart is based on the data from the Hellenic Statistical Authorities Labour Force Survey published January 10, 2013.

    This shows the rate of change of unemployment among age groups from 2011 to 2012.

    Yet the Greek government, under the direction of the Trokia, is about to initiate an even more Draconian series of spending cuts and tax increases.

    Remember the IMFs fantasy report? GDP was supposed to start increasing again in 2012. Instead, it continued to fall, and this is one of the reasons why. They are systematically forcing people out of their jobs. No jobs, no income, no income, no spending.

    Yes, the 15-24 age group has unemployment at 56.6%, but as this chart shows, the older age groups are suffering a higher rate of increase of unemployment. So they are rapidly catching up.

    ============

    Latest youth unemployment chart as of May 31, 2013

    (click to enlarge)

    From: ZeroHedge Nov 26, 2013 tinyurl.com/lpjlh58

    Socgen in its most recent report predicts that Europe is only half way through its lost decade of 2007-2018 (see chart). We blame much of this weak performance on a slow policy response in tackling both the sovereign and banking crisis, and the still too slow pace of structural reform. The fear is now that the euro area is on the verge of deflation.

    Percent Greek Pensions Relative to Greek GDP as of Feb 2015

    This is the link for that chart: tinyurl.com/nnx8cl7

    ========

    Is that the KRAKEN or just an arrogant clown?

    ----------------------------

    Big Trouble is Brewing

    (click to enlarge)

    Support for anti-austerity and anti-euro parties has risen across Europe. There is no date on the chart, but it's likely to be February 2015.

    Greek Government Debt to GDP Forecast

    (click to enlarge)

    Remember, the top portion of this insta contains some useful historical information. CURRENT NEWS is posted in the comments area.

    WARNING: This is a no Troll Zone. If you are disruptive, your comments will be deleted.

    Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Tags: GREK
    Jun 01 11:19 AM | Link | 65 Comments
  • Swine Flu, MERS, Ebola And Medical News Concentrator May 23, 2015 To ??

    This instablog is designed as an interactive News Concentrator devoted to news and discussions about Swine Flu and other medical news.

    The top portion of the instablog contains useful background information/ charts.

    Up-to-date news content is posed in the comments area. So if you are interested in current news, read the comments.

    Policy on Blog Disruption:

    * Room disruption will not be tolerated.

    *Disruptive individuals will be banned.

    * If another news concentrator host has deemed an individual to be disruptive, they will be automatically banned on this news concentrator as well.

    _____________________

    Some Definitions:

    What is Reassortment

    When two different virus strains infect the same host, they often exchange genes, a process known as reassortment.

    A significant number of experts are concerned that as H5N1 (Avian Flu) spreads more widely and infects more people, it will come across more hosts who are also carrying human flu viruses. This increases the likelihood of a new strain emerging that has the severity of the bird flu virus and the infection rate of the swine flu virus, leading to a new global pandemic with much deadlier consequences than the one we are experiencing at the moment.

    What is R naught (R 0)

    How many people the average infected person infects is called the basic reproductive number, or R0 (pronounced "R naught").

    Measles, which is probably mankind's most contagious infection, has an R0 of about 18. Polio's number is about 6; severe acute respiratory syndrome (SARS) about 5. For seasonal flu strains, the R0 is about 1.2, and for pandemic strains it is rarely higher than 2. For the novel H1N1 strain, it's about 1.6. What this low R0 means is that flu outbreaks are always teetering on the verge of having their myriad chains of transmission broken by people who get infected but don't pass the virus to anyone else.

    Swine Flu - Novel H1N1 flu, popularly known as swine flu, is a respiratory infection caused by an influenza virus first recognized in spring 2009. The new virus, which is officially called swine influenza A (H1N1), contains genetic material from human, swine and avian flu viruses. (By Mayo Clinic staff)

    Pandemic - The word "pandemic" comes from the Greek "pan-", "all" + "demos", "people or population" = "pandemos" = "all the people." A pandemic affects all (nearly all) of the people.

    A World Health Organization phase 6 pandemic indicates that influenza due to the novel H1N1 swine flu is occurring in multiple countries around the world and that human infection is widespread. The classification does not reflect the severity of individual infections.

    Cytokine Storm -
    When our body detects foreign micro-organisms indicating an infection, our body might respond by over-protecting the site of infection. The body may race so many antibodies to the infection site that they collect in what is known as a cytokine storm.

    A cytokine storm, or "Hypercytokinemia" is a potentially fatal immune reaction consisting of a positive feedback loop between cytokines and immune cells.
    www.wisegeek.com/what-is-the-cytokine-st...

    A positive feedback loop means that as something increases, that increase stimulates further growth.

    What makes younger people more susceptible to H1N1 is that their "vigorous immune systems pour out antibodies to attack the new virus. That can inflame lung cells until they leak fluid, which can overwhelm the lungs.

    This vulnerability in the young is reminiscent of the Spanish flu of 1918. That strain of flu also struck mostly healthy young adults.

    Pulmonary Embolism - Occurs when a blood clot forms in an arm or leg breaks free and enters the lungs where it is too large to pass through the small vessels of the lungs and forms a blockage. This stops blood from flowing into an area of the lung, and the part of the lung dies because it does not receive oxygen.
    medicalnewstoday.com/articles/153796.php

    What is an Emergency Use Authorization (EUA)?
    An EUA may be issued by the Food and Drug Administration (FDA) to allow either the use of an unapproved medical product or an unapproved use of an approved medical product during certain types of emergencies with specified agents.

    What is the PREP Act?
    The PREP Act authorizes the Secretary of the Department of Health and Human Services ("Secretary") to issue a declaration ("PREP Act declaration") that provides immunity from tort liability (except for willful misconduct) for claims of loss caused, arising out of, relating to, or resulting from administration or use of countermeasures to diseases, threats and conditions determined by the Secretary to constitute a present, or credible risk of a future public health emergency to entities and individuals involved in the development, manufacture, testing, distribution, administration, and use of such countermeasures.

    The PREP Act also authorizes an emergency fund in the United States Treasury to provide compensation for injuries directly caused by administration or use of a countermeasure covered by the Secretary's declaration. While no funds have been appropriated for this purpose, if funds are appropriated, compensation may then be available for medical benefits, lost wages and death benefits to individuals for specified injuries.
    cdc.gov/h1n1flu/eua/qa.htm

    What are Clinical Trials:
    Clinical trials, also known as clinical studies, are research studies in which scientists and doctors test new drugs and treatments to see if they will improve health. Many of today's treatments for cancer are based on the results of past clinical trials. Because of progress made through clinical trials, many people treated for cancer are now living longer.

    Clinical trials are divided into four phases.
    Phase 1 trials: These trials are the first time a new drug or treatment is given to humans. They are normally carried out in a small number of volunteers (typically 6-20 people) who may include healthy volunteers or patients with the disease for which the product is intended as a treatment in order to find out how safe the treatment is. They also look at how a new drug should be given (by mouth, injected into muscle or the bloodstream, etc.), how often and at what dose. Phase 1 trials can also involve patients for whom standard therapies have failed and for whom no other therapies are available.

    Phase 2 trials: These trials involve larger numbers of people (typically 12 - 50). Phase 2 trials continue to look at safety of the therapy but also test how well the new drug or treatment works in patients with different disease types.

    Phase 3 trials: These are large studies (100+ people) that look at how well a new drug or treatment works in comparison to current therapies to see which treatment is better. Those taking part are usually divided into two treatment groups: standard treatment versus new treatment.

    Phase 4 trials: These trials are usually carried out after the drug or treatment has been approved by the FDA and is readily available for use in the general patient population. The purpose of Phase 4 trials is to continue to study the effects of the drug or treatment on different populations and to look for side effects associated with long-term use.
    Back to Top

    What is a Protocol:
    Clinical trials use written guidelines called protocols. The protocol explains what the trial hopes to accomplish, how the trial will be carried out, and why each part of the trial is necessary. For example, the protocol includes:

    * The reason for doing the trial
    * How many people will be in the trial
    * Who is eligible to take part in the trial
    * What study drugs participants will need to take
    * What medical tests participants will have and how often
    * What information will be gathered

    Every doctor or research center that takes part in the trial uses the same protocol. This makes sure that patients are treated identically no matter where they are receiving treatment, and that information from all the centers taking part can be combined and compared.

    Why Slow Production for Traditionally Produced (chicken eggs) Swine Flu Vaccine:
    One dose of swine flu vaccine for every two eggs, compared with two doses of
    seasonal flu vaccine per egg

    Biologics and Biosimilars

    Classic Drugs
    Classic drug development works with small [LMW - Low Molecular Weight], chemically manufactured active-substance molecules. These LMW ingredients can be processed into easily ingestible tablets or capsules. If the tablet dissolves in the gastrointestinal tract, the dissolved active substance is absorbed into the bloodstream via the intestinal wall. From there, the LMW molecules can reach almost any desired destination in the body because of their tiny size. Their small structure and chemical composition often also helps them to easily penetrate cell membranes.

    Small molecules are synthesized by chemical reactions between different organic and/or inorganic compounds. Small amounts of active substance for research are made in the chemistry lab.tinyurl.com/n28ak4n

    Biologics:
    A biologic is manufactured in a living system such as a plant or animal cells or a microorganism. Most biologics are very large [HMW - High Molecular Weight] , complex molecules or mixtures of molecules. Many biologics are produced using recombinant DNA technology.

    Because the finished product cannot even be fully characterized in the laboratory, manufacturers must ensure product consistency, quality, and purity by ensuring that the manufacturing process remains substantially the same over time.

    The living systems used to produce biologics can be sensitive to very minor changes in the manufacturing process. Small process differences can significantly affect the nature of the finished biologic and, most importantly, the way it functions in the body. To ensure that a manufacturing process remains the same over time, biologics manufacturers must tightly control the source and nature of starting materials, and consistently employ hundreds of process controls that assure predictable manufacturing outcomes.

    Biologic are administered by injection or infusion - because if they were taken orally they would (like other proteins) be digested in the stomach and intestines, and therefore be ineffective. Classic drugs consist of small molecules that can be easily absorbed into the bloodstream via the intestinal tract.
    tinyurl.com/cxa4jma

    Biologics cannot penetrate cell walls, so their targets are on cell surfaces, in the bloodstream, or in tissues. Therefore, biologics can only be used to attack disease proteins that are expressed on the cell surface.

    Biosimilars:
    Biosimilar is the term used for a biologic drug that is produced using a different cell line, master cell bank, and/or different process than the original biologic.

    How do biosimilars differ from so-called generic drugs?

    Generic drugs are copies of small molecule drugs - drugs that can be synthesized in the lab by following standardized, pre-defined procedures. Using well-established analytic techniques, the generic version of a small molecule drug can be demonstrated to be chemically and structurally identical to the innovator drug.

    Biologic drugs cannot be chemically synthesized in the lab by following a standard set of procedures. Even if two different cells are provided the exact same recipe, the final product may be slightly different. This may happen even if the two cells are of the same type. Very slight environmental differences can have a profound effect on how a given cell follows a particular recipe.

    Complicating matters further for biosimilar products is the fact that because biologic drugs are structurally much more complex than their small molecule counterparts, it is not currently possible to demonstrate conclusively that a biosimilar drug is in fact identical to the original biologic drug.

    Demonstrating Biosimilarity:
    Biosimilar product applicants face a highly involved and expensive approval process. The FDA has proposed a "stepwise" approach to demonstrating biosimilarity, starting with extensive structural and functional characterization of the proposed and referenced product. This serves as the "foundation" of a biosimilar development program. The functional characterization involves comparing the proposed and reference product to show that the biologic activity and potency are highly similar, there are no clinically meaningful differences, and the mechanism of action is the same.

    The FDA also proposes that applicants conduct animal studies, including animal toxicity studies, to demonstrate biosimilarity. However, if the biosimilar product is shown to be highly similar, applicants need not conduct the vast animal safety studies required for the original approval of the biologic.

    Applicants will generally be required to conduct clinical studies sufficient to demonstrate safety, purity, and potency for the intended use. Additional clinical studies may be required to demonstrate safety and effectiveness, but the FDA envisions discussing the type and extent of further studies with the applicant depending upon what residual uncertainties remain about biosimilarity. bit.ly/1tRczyj

    _____________________

    Brief Overview of Categories of H1N1/ Vaccine Investment Plays:

    I - Vaccines / Prevention
    1) Production Method / Capacity plays (NASDAQ:NVAX) (NASDAQ:VICL) (NYSE:NVS) (NASDAQ:INO) (NYSE:CSL)
    2) Nationalistic / Population Size Play (SVA - China) (NVAX - India)
    3) Injection / Vaccine support services (syringes etc.) (NYSE:BAX) (NYSE:BDX)
    4) Outsourced production plays
    5) Bio -Defense (MDCGF - France)
    6) Anti-Mutation / Pan-Influenza Play (NYSEMKT:CVM) (NYSEMKT:NNVC)
    7) Universal Flu Vaccine Play

    II - Treatment After Infection Occurs:
    1) Dealing with severe lung infections (Fludase® (DAS181)) (NYSE:CBM) (OTCQB:OTCQB:OTCQB:AEMD)
    2) ICU treatments (NASDAQ:BCRX) (NYSE:GSK) (NYSE:ROG)
    III - Population Avoidance:
    1) masks/ disinfectants… Surgical masks are good enough (NYSEMKT:APT) (NYSE:MMM) (NYSE:CLX) (NYSE:ECL) (OTCQB:OTCQB:OTCQB:PURE)

    IV - Testing do you have it? (NASDAQ:GPRO)
    1) Test kits - (NYSE:DGX)

    V - Merger / Acquisitions / Licensing
    _____________________
    Sorry this is still a graphic instead of a table. I played with the table tool, but its a
    PITA to work with.

    Swine Flu Companies Discussed and Their Web Sites

    _____________________
    Swine Flu Hits Stuffed Animal World:

    Link to 2011 H1N1 US Flu Outbreak Map is broken... sorry.

    Red Cross Tips For Dealing With The Flu:

    IF YOU ARE ILL -
    * Stay in a room separate from common areas of the home and avoid contact with others as much as possible.

    * Stay at home for at least 24 hours after their fever is gone without using medicine to reduce the fever.

    * Get lots of rest and drink plenty of fluids.

    * Consider wearing a face mask, if available and tolerable, when sharing common spaces with household members. (ed - surgical masks ok).

    * Check with your healthcare provider about whether to take antiviral medication, or if fever persists, whether antibiotics are needed.

    WHEN CARING FOR SOMEONE WHO HAS THE FLU -
    *Disinfect door knobs, switches, handles, toys and other surfaces that everyone touches.

    * Use detergent and very hot water to do dishes and wash clothes. It's okay to wash everyone's dishes and clothes together. Wash your hands after handling dirty laundry.

    * Designate only one adult as the caregiver. People at increased risk of severe illness from the flu should not be caregivers.

    * Although not mentioned by the Red Cross, the caregiver should probably ware a surgical mask as well when entering the sick room.

    * Deal with crisis situations calmly and confidently to give the best support to the person being cared for.
    _____________________

    MayoClinic.com Provides Credible, Up-to-Date Information And Decision-Support Tools For Flu Season

    Click here to link to the Mayo tool:
    www.mayoclinic.com/health/flu-symptoms/F...

    _____________________
    Suggested Protocol For Schools To Decide When Flu Should Trigger A Shutdown
    www.medicalnewstoday.com/articles/169984.php

    After comparing more than two dozen possible scenarios for closing a school, the analysis suggested three optimal scenarios:

    1. A single-day influenza-related absentee rate of 5 percent

    2. Absenteeism of 4 percent or more on two consecutive days

    3. Absenteeism of 3 percent or more on three consecutive days

    Disclosure: (sometimes trading, sometimes holding)

    Global Disease Outbreak Map

    Flu, Chikungunya, Dengue, MERS

    tinyurl.com/c8f3do

    Link from Guns and OG.

    2014 U.S. Ebola Outbreak Map and Information

    tinyurl.com/ll4deyw

    DoubleGuns sent us this link... Thank you Guns!

    EBOLA

    October 7, 2014

    "Air traffic is the driver," warns Professor Alessandro Vespignani of Northeastern University in Boston….

    (click to enlarge)

    Professor Alessandro Vespignani of Northeastern University in Boston, who led the research, said: 'This is not a deterministic list, it's about probabilities - but those probabilities are growing for everyone. 'It's just a matter of who gets lucky and who gets unlucky.

    'Air traffic is the driver. 'But there are also differences in connections with the affected countries (Guinea, Liberia and Sierra Leone), as well as different numbers of cases in these three countries - so depending on that, the probability numbers change.'tinyurl.com/psca6bu

    [What the professor is saying is that the probability of an Ebola infected individual entering another country is likely related to the density of air traffic from infected countries to uninfected countries.

    This is not a probability of catching the infection. He is describing the probability of exposure just based on air traffic density. It is simplistic, but travel patterns have often been associated with the spread of infectious diseases.]

    (click to enlarge)

    Cumulative Number of Ebola Cases by Country
    As of October 24, 2014

    (click to enlarge)

    Disclosure:

    I move in and out of Bio-Tech stocks all the time. In other words, I take profits from time to time. Of course, I also take loses…

    Stocks: NVAX

    May 23 12:22 PM | Link | 91 Comments
  • Stability Of The European Union (23) January 1, 2015.

    This instablog is designed as an interactive News Concentrator devoted to news and discussions about the debt and associated problems in the EU and its member states.

    The top portion of the instablog contains useful background information/ charts.

    Up-to-date news content is posed in the comments area. So if you are interested in current news, read the comments.

    ____________________________________________

    A picture is often worth a thousand words. Here we have the Percent Economic Growth Rates for three countries: US, Greece, Germany. Note the distinct downturn in the US Economic Growth Rate.


    tinyurl.com/25vyea7

    Here is National debt as a percentage of GDP in 2009 for the Euro Zone. Look at Greece and Italy.


    tinyurl.com/2vvcnxv

    Here is Government deficit as a percent of GDP for 2009. Look at Greece and Ireland. Look at UK and Spain.


    tinyurl.com/2vvcnxv

    Here is the all important Jobs Picture as of March 2010. Look at Greece, Spain, Ireland and France.

    tinyurl.com/29grmpy

    =================
    EFSF

    What is the EFSF?:

    The European Financial Stability Facility (EFSF) is a special purpose vehicle financed by members of the Eurozone to combat the European sovereign debt crisis. The €110 billion bailout to Greece is not part of the EFSF guarantees, but a separate commitment.

    When you look at the Guarantee commitments by the different euro zone countries [tinyurl.com/3xde35o] you will see something interesting. Greece, Ireland, Italy, Portugal, and Spain (i.e., the PIIGS) account for over one-third (36.7%) of EFSF commitments. All by themselves, Italy and Spain have a financial commitment of almost one-third (29.8%) of the total EFSF commitment.

    ___________
    (October 23, 2011) I added this nice summary graphic of the Dominoes effect associated with the European debt crisis. You can also see the graphic and the accompanying article with the following link:

    (October 23, 2011) Guest Post: The European Financial Crisis In One Graphic: The Dominoes Of Debt. From: Zero Hedge, by: Tyler Durden.tinyurl.com/3ulxgmj

    The original copyrighted graphic is from Charles Hugh Smith (" 2011) attinyurl.com/ygsa6j

    Added February 9, 2012

    Greek General Government Debt Percent GDP
    tinyurl.com/73h5q2x

    (March 10, 2012) tinyurl.com/7moa6tg

    Unemployment for individuals less than 25 rose to 51.1 %, twice as high as three years ago as budget cuts imposed by the European Union and the International Monetary Fund as a condition for dealing with the country's debt problems have caused a wave of corporate closures and bankruptcies.

    Fantasy Greek GDP Growth Rates:

    In the fantasy report "Greece: Preliminary debt Sustainability Analysis" dated February 15, 2012 which I referred to as the "Deus ex machine" report one of the EUs key economic assumptions was that Greek GDP growth in 2012 would be -4.8% and -1% in 2013.

    The Greek economy saw growth rates of:

    -0.2% in 2008,
    -3.3% in 2009,
    -3.4% in 2010,
    -6.9% in 2011
    -7.5% in fourth quarter of 2011.
    (Data from John Mauldin report tinyurl.com/7axvcmw)

    I plotted the Greek GDP data below and projected the GDP values for 2012 and 2013 based on the current data. I also plotted the Greek GDP projections from the Deus ex machine report - blue line.

    There is no Greek stimulus, jobs are in freefall. Which projection do you believe?

    (March 29, 2012) Greek Deposit Run Update: Hopeless And Getting Worse. tinyurl.com/8425yf7

    ============

    Added April 27, 2012

    Q1 unemployment is now one quarter of the working population or 24.44%, up nearly 2% from the 22.85% as of December 31

    (click to enlarge)

    Global PMI Changes from March to April 2012

    (click to enlarge)

    From: ZeroHedge tinyurl.com/76d39dj

    FUNDING GAP

    (click to enlarge)

    From: ZeroHedge - tinyurl.com/88qfjmc

    Ten Year Bond Yield Curves as of 7/20/2012

    From: The Disciplined Investor tinyurl.com/7yg5zku

    (click to enlarge)

    Here are some interesting charts on Italy sourced from Bloomberg's BRIEF
August 7, 2012, available on "The Big Picture" site:tinyurl.com/8lty5uj.

    I verified the shadow economy figures in the following sourced article about shadow economies:

    Shadow Economies: Size, Causes, and Consequences by FRIEDRICH SCHNEIDER and DOMINIK H. ENSTE, Journal of Economic Literature
Vol. XXXVIII (March 2000) pp. 77-114 tinyurl.com/8fpz6nz.

    (click to enlarge)

    (click to enlarge)

    (click to enlarge)

    (click to enlarge)

    ----------------------------------------------------------------------------

    2013

    (click to enlarge)

    From: Labor Force Survey by the Hellenic Statistical Authority January 10, 2013 tinyurl.com/bzjlk4m

    (click to enlarge)

    From: Labor Force Survey by the Hellenic Statistical Authority January 10, 2013 tinyurl.com/bzjlk4m

    (click to enlarge)

    This chart is based on the data from the Hellenic Statistical Authorities Labour Force Survey published January 10, 2013.

    This shows the rate of change of unemployment among age groups from 2011 to 2012.

    Yet the Greek government, under the direction of the Trokia, is about to initiate an even more Draconian series of spending cuts and tax increases.

    Remember the IMFs fantasy report? GDP was supposed to start increasing again in 2012. Instead, it continued to fall, and this is one of the reasons why. They are systematically forcing people out of their jobs. No jobs, no income, no income, no spending.

    Yes, the 15-24 age group has unemployment at 56.6%, but as this chart shows, the older age groups are suffering a higher rate of increase of unemployment. So they are rapidly catching up.

    ============

    Latest youth unemployment chart as of May 31, 2013

    (click to enlarge)

    From: ZeroHedge Nov 26, 2013 tinyurl.com/lpjlh58

    Socgen in its most recent report predicts that Europe is only half way through its lost decade of 2007-2018 (see chart). We blame much of this weak performance on a slow policy response in tackling both the sovereign and banking crisis, and the still too slow pace of structural reform. The fear is now that the euro area is on the verge of deflation.

    ========

    Is that the KRAKEN or just an arrogant clown?

    ----------------------------

    Big Trouble is Brewing

    (click to enlarge)

    Support for anti-austerity and anti-euro parties has risen across Europe. There is no date on the chart, but it's likely to be February 2015.

    Remember, the top portion of this insta contains some useful historical information. CURRENT NEWS is posted in the comments area.

    WARNING: This is a no Troll Zone. If you are disruptive, your comments will be deleted.

    Dec 31 10:15 PM | Link | 235 Comments
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