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Spot The Odd One Out

Tyler Durden's picture


Some nations around the world have cut back on household spending amid a growing sense that the current debt burdens are unsustainable and perhsps current lifestyles could be modestly sacrificed in the hope of a more sustainable tomorrow. There is, however, one rather large nation that has not only not slowed its spending habits but has accelerated it - can you spot which one?



Source: WSJ


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Fri, 02/01/2013 - 15:12 | 3206980 nope-1004
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Fri, 02/01/2013 - 15:12 | 3206986 Say What Again
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If what?

Fri, 02/01/2013 - 15:17 | 3206992 nope-1004
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If Canada were on that chart it would be higher than the US.  Their personal debt levels are much higher.

My computer has seen better days. lol.


Fri, 02/01/2013 - 15:18 | 3207008 Say What Again
Say What Again's picture

How come ZIMM is not on that chart?

"Zimbabwe was the best equity market in the past ten years but your entire portfolio will now buy you three eggs."

Fri, 02/01/2013 - 15:46 | 3207154 are we there yet
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Trillion dollar ZIMM eggs.

Fri, 02/01/2013 - 16:06 | 3207229 Ying-Yang
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We are the world, we are the children
We are the ones who make a brighter day
So let's start giving
There's a choice we're making
We're saving our own lives
It's true we'll make a better day
Just you, me and 33 trillion

Fri, 02/01/2013 - 16:34 | 3207354 CPL
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Cheque please.

Fri, 02/01/2013 - 15:19 | 3207021 ZDRuX
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This is what limiting your spending has got you! On ZH with a broken computer!

Fri, 02/01/2013 - 15:51 | 3207178 max2205
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Ben needs to work/print at the world bank...fixed it

Fri, 02/01/2013 - 15:46 | 3207151 Sam Clemons
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Do the other nations use actual inflation figures to calculate this?

Fri, 02/01/2013 - 16:03 | 3207236 redd_green
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Sam, there's probably a hell of a lot less comic book than the BLS inflation numbers, eh?

Fri, 02/01/2013 - 15:28 | 3207058 in-Credible Banker
in-Credible Banker's picture

Say IF Again.  They speak English in IF???



Fri, 02/01/2013 - 16:55 | 3207450 TBT or not TBT
TBT or not TBT's picture


Fri, 02/01/2013 - 18:34 | 3207708 Don Smith
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Ihh...If?  (there, FIFY)

Fri, 02/01/2013 - 15:18 | 3207023 MassDecep
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It's called realizing my dollar is becoming not worth as much so i am buying as much food, ammo, PM's , and basic survival gear as I can get my grubby huge hands on!!!!

Fri, 02/01/2013 - 15:39 | 3207109 Cdad
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I rather doubt the yellow line is indicative of Prepper activity...but I would ask the much of that line is the effect of food and energy inflation?  Just out of curiousity.

Fri, 02/01/2013 - 17:55 | 3207643 obthedgehog
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Actually I was going to suggest lots of spending on guns, ammo, tools, pms, and food, which is *exactly* prepper activity.  Hard to say how that magnitude compares to buying into a new housing bubble or any other types of bubbles that may be blowing up...

But that's just me.  BTW I would think there would be a certain amount of inflation built into the other lines as well, no?

Fri, 02/01/2013 - 15:12 | 3206982 Say What Again
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Is this a trick question?

Fri, 02/01/2013 - 15:12 | 3206988 reTARD
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U.S.A. U.S.A. U.S.A.!!!

Fri, 02/01/2013 - 15:44 | 3207133 localsavage
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We will win at everything even the race for the bottom.  AMERICA FUCK YAH!!!!!!

Fri, 02/01/2013 - 17:52 | 3207636 moldygoat
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....."Lick my Bernank, and suck my Geithner!"

Sat, 02/02/2013 - 10:59 | 3208975 kw2012
kw2012's picture

Ewww you havea Bernanke on your Geithner!

Fri, 02/01/2013 - 15:44 | 3207139 Squid Vicious
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MOAR stuff bitchez!! I can't wait to stuff myself with bud light and cheap snacks from Walmart during the Stupor Bowl!

Fri, 02/01/2013 - 17:04 | 3207472 mercenaryomics
mercenaryomics's picture

The chart is only missing FORWARD! 

Fri, 02/01/2013 - 15:14 | 3206989 Dick Darlington
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Considering what's been going on in european periphery Ireland and Spain look FAT.

Fri, 02/01/2013 - 15:14 | 3206990 Dollar Bill Hiccup
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European Homey don't have same printing press as Uncle Sammy.

Fri, 02/01/2013 - 15:26 | 3207047 Desert Irish
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Europe gets austerity and we get Bennybucks™   WINNING

Fri, 02/01/2013 - 16:03 | 3207230 SeattleBruce
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Til the world cuts off our money drug.

Fri, 02/01/2013 - 17:00 | 3207467 TBT or not TBT
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Drill baby drill is all I can say to that.    100% Domestic oil and gas... priced in our own currency...will be a big help, if Obummer's EPA and other anti-american lackeys in his cabinet can be distracted into foaming at the mouth about something other than the shale oil/gas revolution underway by the private sector.

Fri, 02/01/2013 - 23:42 | 3208477 Fedaykinx
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i'm surprised you haven't been swarmed with red arrows yet.

Fri, 02/01/2013 - 15:15 | 3206991 Seasmoke
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Israel ?

Fri, 02/01/2013 - 15:18 | 3206994 Dr. Engali
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See the American people aren't as stupid as we think. They are out spending the Bernanky bucks before they can't buy anything.  Besides the tv told us to go shopping. Kind of like Bush after 911...yeah we know 3000 people just died, just go shopping to honor them.


Edit...everybody is out buying guns and ammo.

Fri, 02/01/2013 - 15:53 | 3207181 NoDebt
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Almost everyone I know has a belief that we are in some kind of "end game" at this point.  They weren't fooled by the money printing, nor the stock market gains.  They know it's temporary and the pain of what should have happened in 08-09 has only been deferred, not fixed.  Many of them, like myself, know our generation is toast, but we would rather take the hit in our generation and not pass it along to our children.

And almost none of them have ever heard of ZH.  They put the basics together on their own, just talking with people they know.

In a way, I agree, they ARE smart.  Many are at least buying hard assets, although not always gold.  New roof on the house, new windows, new furnace, new car, portable generators and.... guns.  Lots of guns.  You would never know that accountant neighbor of yours with 2 kids in Cub Scouts also has an AR-15, 3 handguns and a "hallway clearing device" stashed at various places around his house.

Fri, 02/01/2013 - 16:03 | 3207225 Totentänzerlied
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" You would never know that accountant neighbor of yours with 2 kids in Cub Scouts also has an AR-15, 3 handguns and a "hallway clearing device" stashed at various places around his house."

And he's coming to take everything you own, by force, the day shit gets real.

Fri, 02/01/2013 - 16:13 | 3207260 akak
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I find your psychological projection of your own likely sociopathic tendencies quite fascinating, and disturbing, as such "might makes right" behavior between individuals as you describe is actually quite rare during crises, whether acute or chronic.

On the contrary, I believe that it is people like YOU, who implicitly assume that others will automatically pick up guns and assault their neighbors in a time of crisis, instead of banding together as most almost always do, who are the ones who truly need to be guarded against.

Fri, 02/01/2013 - 16:47 | 3207419 Dugald
Dugald's picture

The terms sociopathic nut and American are mutually interchangeable

Fri, 02/01/2013 - 17:06 | 3207478 akak
akak's picture

Thank you, AnAnonymous, for that crustiest bit of gratuitous anti-American bigotry.


You may now return to your regularly scheduled insanitation and citizenism.

Fri, 02/01/2013 - 19:48 | 3207840 TheFourthStooge-ing
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akak said:

You may now return to your regularly scheduled insanitation and citizenism.

The repeation of such crustiest bits of anti-citizenist 'americanism' is raw nutsery, resultings from lifelong of citizenismist endocrination.

Wonders if this guy must be a carrott of traffic somehow for pushing out stuff like that.

Fri, 02/01/2013 - 16:19 | 3207304 Bad Attitude
Bad Attitude's picture

"Almost everyone I know has a belief that we are in some kind of 'end game' at this point."

True. Unfortunately, too many of the people I know who have that feeling aren't yet sufficiently concerned to be acting on their beliefs.

Fri, 02/01/2013 - 17:08 | 3207485 TBT or not TBT
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That's everyone YOU know.   Note carefully, you read and post on ZH, so your sampling may be way biased.   Out here in northern california lots of people seem confident Gov Brown and Obama and progressivism will make all continue to get better.    Bought a new house here four months ago and the same model now sells for a 100 grand more than when we signed in May.    Makes little sense given the tax and regulatory hell out here, except as money sloshing into an asset category, so it can be somewhere concrete, nailed down.

Fri, 02/01/2013 - 16:01 | 3207226 swmnguy
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Good point.  I've been spending money as fast as I get it; new computers with upgrades, full reinsulation of my house, updated furnace, fixing up the cars; you name it.  Turning the Bernanke-Bucks into tangible things as fast as I can.

Fri, 02/01/2013 - 19:36 | 3207825 post turtle saver
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I thought that was the point... no incentive to save, just to spend, so spend. That's what they want, savers and stackers are evil.

Fri, 02/01/2013 - 15:16 | 3207000 Aductor
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Ah, one can always count on that nation. But then again, if you have no future, why not spend it all now?

Fri, 02/01/2013 - 15:15 | 3207004 natronic
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Fri, 02/01/2013 - 15:15 | 3207005 Cursive
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Irish ain't thrifty.

Fri, 02/01/2013 - 15:32 | 3207070 THE DORK OF CORK
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Irish given credit hyperinflated euros are not thrifty..........


But what is the function of a economy ?


To save  ?


what are you saving ?


Your savings are part of the free baning nexus.


Those free banks create a dud asset to capture the declining fossil fuel capital base.


After some time the capital is gone.

No point in  saving.


Better to drink.

Fri, 02/01/2013 - 16:08 | 3207256 SeattleBruce
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"what are you saving ?"

Physical gold and silver...oh, except that boating accident a while back really took me back...

Fri, 02/01/2013 - 16:19 | 3207281 THE DORK OF CORK
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I save stout in my guts for a few hours and then piss it out.


Its a fluid medium of exchange.

Fri, 02/01/2013 - 17:10 | 3207497 TBT or not TBT
TBT or not TBT's picture

Shouldn't there be a disclaimer on "boating accident" comments here?   It is a financial site and newbies might actually go do that.   Bodies of water are not FDIC insured, or not yet.    They probably figure the Pacific is too big to fail.  Tell that to some of my ancestors who walked across the Bering Strait 12K years ago, on dry land.

Fri, 02/01/2013 - 15:48 | 3207007 THE DORK OF CORK
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It just means our consumption is being exported to somewhere else.


I.e. Europe has become a banking / leper colony for its banks wage arbitrage operations as our savings are not local to the nation state  / local economic hinterland anymore.


PS whats the unit of account for those graph thingies ?


I find these generic graphs mean nothing in the end.

Italys oil consumption is back to the mid / late 1960s level despite a much higher population and its people living in a more credit hyperinflated envoirnment with high constant basic input /oil costs.....and modern cars which are less fuel efficient then the old fiat 500s

Much smaller family sizes increase input costs per prson to a very large degree.

Now thats real.



1961 50,623,569 +6.5% 1971 54,136,547 +6.9% 1981 56,556,911 +4.5% 1991 56,778,031 +0.4% 2001 56,995,744 +0.4% 2011 60,820,787 +6.7%
Fri, 02/01/2013 - 20:17 | 3207881 Savvy
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whats the unit of account for those graph thingies ?


What I was wondering. If it's percent of household income, that would make sense because people are earning less but living expenses keep rising. I'd view that chart as loss of income more than loose purse strings.

Fri, 02/01/2013 - 23:12 | 3208418 TheMerryPrankster
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The left side of the chart is measured in rainbow skittles. The bottom measurement is Unicorn Years, and the underlying figures were imported from fantasyland.

There is no gravity, we all live forever and all resources are infinite. Now go to sleep and the government will tell us another fairy tale tomorrow.


Fri, 02/01/2013 - 15:18 | 3207009 Nid
Nid's picture

By which inflation measure is that adjusted? Gov's? Or the one used by folks who eat, drive and work for a living?

Fri, 02/01/2013 - 16:06 | 3207242 redd_green
redd_green's picture

Bingo!  THe BLS inflation numbers are right off the horse stable floor.

Fri, 02/01/2013 - 16:09 | 3207255 s2man
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Precisely.  I HAVE to spend more due to inflation.  A couple of years ago I had money leftover each payday; could buy toys on a whim.  Now, I have to ask DW if its in the budget and usually have to wait a couple of pay checks.

Fri, 02/01/2013 - 17:12 | 3207501 TBT or not TBT
TBT or not TBT's picture

Some preppers buy bourbon, vodka, stuff like that because it keeps.  Trade goods baby, trade goods.    Also, you wanna be popular.

Fri, 02/01/2013 - 15:18 | 3207015 gwar5
gwar5's picture

US MSM propaganda success rate still batting 1000. Don't worry, be happy.


Fri, 02/01/2013 - 15:18 | 3207018 mdtrader
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Goldilocks bitchez!

Fri, 02/01/2013 - 15:18 | 3207020 Al Huxley
Al Huxley's picture

One rather large nation has CONFIDENCE in itself and its fearless elite to keep delivering the free goodies - what could go wrong?

Fri, 02/01/2013 - 15:18 | 3207024 DavidC
DavidC's picture

It's...the yellow one!


Fri, 02/01/2013 - 16:54 | 3207447 eaglerock
eaglerock's picture

Waldo's the one with the red striped shirt and glasses, right? 

Fri, 02/01/2013 - 15:22 | 3207029 bubbleshooter
bubbleshooter's picture

American are being lied to, and most are ignorant to the state of the economy

Fri, 02/01/2013 - 15:29 | 3207060 Smuckers
Smuckers's picture

I don't see it.  Too much helicopter-dropped fiat flying around in my face.



Fri, 02/01/2013 - 23:08 | 3208411 TheMerryPrankster
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fiat biach!


Fri, 02/01/2013 - 15:30 | 3207065 NoWayJose
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Do you really trust any chart from the WSJ that they adjust for inflation?  If you use the Fed's definition of inflation of 1% or so, then guess what?  I am spending MORE than that 1% each year since 2009 because the price I pay for gasoline is now 150% of what it was, milk is now 125% of what it was, coffee is now 133% of what it was, etc, etc.

Fri, 02/01/2013 - 15:31 | 3207066 stateside
stateside's picture

The color Gold should never be tainted by the US in any future charts/graphs.  It's like mixing cats and dogs.


Fri, 02/01/2013 - 15:33 | 3207075 madcows
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Well, adjust the US spending for the real inflation rate of 14% and it will look a lot different. 

Fri, 02/01/2013 - 15:36 | 3207090 besnook
besnook's picture

a golden shower of trickle down economics.






Fri, 02/01/2013 - 23:07 | 3208407 TheMerryPrankster
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"I told them it would trickle down."

cue lafftrak

Fri, 02/01/2013 - 15:46 | 3207153 laomei
laomei's picture

It's not like they are buing more, they are just spending more... and it's not like they have much a choice either.  Of course, this doesn't matter to wall street.

Fri, 02/01/2013 - 15:49 | 3207170 gwar5
gwar5's picture

You can't make this shit up:  "MF Global Attorney Named SEC General Counsel."  


Sorry, I can't paste the link here, but go to (You know the place)






Fri, 02/01/2013 - 15:57 | 3207208 redd_green
redd_green's picture

If its  on, it usually desrves a "who gives a shit"?

Fri, 02/01/2013 - 16:20 | 3207307 Bear
Bear's picture

MSNBC  Better?

Fri, 02/01/2013 - 16:33 | 3207348 Chump
Chump's picture

You're on a site that regularly gets the same treatment from the mainstream media.

It's the internet.  Learn to discern.

Fri, 02/01/2013 - 15:58 | 3207205 redd_green
redd_green's picture

The key here is "Adjusted for inflation".   Really? THe BLS's ridiculous 1% number?    Try re-adjusting for inflation that consumers actually see, like around 10%, then tell me houshold spending went up again.   What a stupid article.

Fri, 02/01/2013 - 16:17 | 3207296 NEOSERF
NEOSERF's picture

The US is clearly just smarter than the rest of the world and is getting back on the consumerism calliope before inflation your cars and chairs now before they double in price.

Fri, 02/01/2013 - 22:25 | 3208293 RafterManFMJ
RafterManFMJ's picture

You finance chairs?

Fri, 02/01/2013 - 16:26 | 3207322 Bryan
Bryan's picture

Um... the yellow one?


Fri, 02/01/2013 - 16:51 | 3207429 q99x2
q99x2's picture

That's why they put counterfeiters in prison.

Fri, 02/01/2013 - 16:53 | 3207438 Hobie
Hobie's picture

The dutch really are a frugal bunch.

Fri, 02/01/2013 - 16:53 | 3207440 Glass Seagull
Glass Seagull's picture

Keeping up with the Kardashians

Fri, 02/01/2013 - 16:55 | 3207441 Motorhead
Motorhead's picture

And we blame the Fed and Washington for all this shit?  Seems to be that there are a lot of retards using credit cards.  But then again, maybe they HAVE to.  And also, I'm sure the gum'ment will bail them out, too, er, the credit card companies.  No big deal.  Situation normal.

Fri, 02/01/2013 - 17:02 | 3207469 100pcDredge
100pcDredge's picture

Ehm... is it this one?



Maybe it's the invisible one - then?

Wait... it's the yellow one! Right?

If so, please bail everybody else out, will ya?;)

Fri, 02/01/2013 - 17:03 | 3207471 neutrinoman
neutrinoman's picture

But we have the world's reserve currency and can spend as much as we want of it.

Fri, 02/01/2013 - 17:04 | 3207473 Coldsun
Coldsun's picture

So TPTB's lies are working. Keep walking sheep, right into the slaughter.

Fri, 02/01/2013 - 19:23 | 3207797 Herdee
Herdee's picture

I double-dare the FED to let market forces to take over and let interest rates to go up in order to stop the U.S. Government from spending beyond its limits so that politicians are forced to balance the budget.(I just want to see how quickly the economy collapses)

Fri, 02/01/2013 - 21:29 | 3208090 Stuck on Zero
Stuck on Zero's picture

I know I know!  The house that didn't cut spending is the Whitehouse!


Fri, 02/01/2013 - 21:36 | 3208103 glenlloyd
glenlloyd's picture

would have to be on credit...cuz most people have absolutely zero cash. wonder how that's going to turn out....don't have to guess, rising delinquencies and defaults on CC's and loans.

Fri, 02/01/2013 - 22:14 | 3208245 silverdragon
silverdragon's picture

Buy physical silver, take delivery as its 10,000 industrial uses and having been money throughout history, make it the safest bet.

Fri, 02/01/2013 - 23:49 | 3208489 Fedaykinx
Fedaykinx's picture

silver, and brass+copper jacketed lead.

Sat, 02/02/2013 - 09:58 | 3208926 Hober Mallow
Hober Mallow's picture

would like to see Germany on that one

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