UK in real terms...

bursting into tears

Once you boil down mainstream there is not much left that enables you to see light at the end of the tunnel; numbers are hard to find, it needs a German website querschuesse.de to help out; UK mainstream rather discusses more bread and game like topics:

source

Above UK production since January 1985; January 2012 sees us back on the level of 1993, that are those brilliant 20 years of progress and growth, of securing and intensifying the industrial base? It is rather like somebody wants to de-industrialise the country on the fast lane.

Here is the UK oil & gas output:

source

The chart starts in January 1977, the output in January 2012 is the same like in October 1978. Shamed be he who thinks this is past peak UK oil and gas, only.

We are living in a bubble economy where the City is sanctimoniously defended because financial services seem to be our only answer on the question on how the UK will feed a population of +62m people in the (near) future. Financial Services that in their majority today are totally focused on betting against the masses and their economies per se by speculating, gambling, on energy and food, all kinds of past-peak resources, debts and bonds.

The UK, we all, are more and more depending on imports of energy and food of all kinds which we will have to pay for with a hard currency; so help us if the Pound should drown in these heavy European waters where no matter what, a collapse or a prolonged artificial life of this brain-dead but at any cost defended Euro will enhance the depression.

Already there are more than 50% among young black men with no job (The Telegraph); yes, in the UK; at the same time the unemployment of the <25 year old in Greece soared to 50.5%, in Spain it is 49.9%, a figure just below 50% very likely for saving the statistics from bursting into tears.

Average unemployment rate in the Eurozone hits 10.7% with the rate for the <25 year old now above 20% that`s 2 out of 10 with no job; and probably another 4 or more in jobs that are simple or financial service, interim or trainee like jobs. and do not forget, these all are official numbers; official as in doctored and faked.

It might comfort us that production output all over Europe is eroding - but we all know the reason; no need to wake up, though, with deep cuts into education, R&D, training and lecturing it is too late, anyway!

Carpe diem

unemploystream

(ment-main)

It is almost like one must sympathise with Mr Obama in his fight for his second term. But while his fight in the end might help to not see one of those reactionary Republicans named Romney or even worse Santorum, latest rumours even threat us with Palin's comeback, to move into White House it is still pure bullshit Obama is giving us; most likely not only in reference to the unemployment situation in the US. Fair enough, it is election time and mainstream just follows the flag:

theguardian: Obama boosted by US job growth

In a boost to president Barack Obama's pledge to keep cutting unemployment a priority, the US enjoyed the longest stretch of solid jobs growth in almost a year. Government data showed 227,000 non-farm jobs were added last month, ahead of the 210,000 rise forecast by economists.

... but in the same article ...

The unemployment rate, however, remained at 8.3% as expected as more people came back into the labour market after not previously seeking work.

Pure nonsense, nothing changed to the good. Karl Denninger, a US blogger, calls it the Bureau of Lies and Scams when referring to the US Bureau of Labour Statistics and says:

We have not added a single job, adjusted for population, since 2006 -- and even then going all the way back to 2000 the "gains" were tiny and fleeting.  Until and unless we stop sending jobs overseas there will be no durable economic improvement.

Indeed, the jobs [labour] and the greenbacks [money] are both meeting up somewhere overseas.

Could it be China!


Carpe diem!

no future!!

today, tomorrow...?!

Manager Magazin (German)

 

To summarise: the latest figures on unemployment for the under 25 (15-25) in Europe, so-called Neets, not in employment, education or training:

Spain     49.9%

Greece     48.1% 

Portugal     35.1%

Italy       33.1%

Ireland     29.6% 

PIIGS/GIIPS average             39.2%

 

ER17, average over all Euro countries:     21.6%

[ER17, i.e. Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Luxembourg, Malta, The Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland]

EU27, average over all EU countries     22.4%

[EU27, i.e. Belgium (BE), Bulgaria (BG), Czech Republic (CZ), Denmark (DK), Germany (DE), Estonia (EE), Ireland (IE), Greece (GR), Spain (ES), France (FR), Italy (IT), Cyprus (CY), Latvia (LV), Lithuania (LT), Luxembourg (LU), Hungary (HU), Malta (MT), The Netherlands (NL), Austria (AT), Poland (PL), Portugal (PT), Rumania (RO), Slovenia (SI), Slovakia (SK), Finland (FI), Sweden (SE) United Kingdom (UK)]

If you add the ones not in the statistic for all kinds of good and bad reasons... the ones in cheap and/or seasonal jobs, hanging on in higher educational schools or ongoing educational and training measures, all having in common that there are no jobs waiting for them out there, then this is the real disaster Europe is running into: fast!

Instead of fabricating all those irrational measurements to preserve what is a no-go, a dead currency, instead of blasting trillions into a cancerous system of banksters financing governments financing banksters, instead of strangling all those globalism-stressed economies with austerity measures cutting the last remaining life lines we should, we must now invest in our future. This does not need trillions, hardly billions; so RBS, Lloyds, that should be your playing field!

What we allow to fail now will take at least one generation, 30 years, to restore - but only, that is, if we manage to stand-up against the global competition, a war for labour and jobs, resources and innovation. With up to 1/3 and even 1/2 of our youngsters in a no-future fight for survival, badly trained, left to rot we will fail 100%!

If we do not take action now there will be no future today and tomorrow and the day after that any one of us would want to look forward to.

Carpe diem.