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Spot The Odd One Out
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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if
If what?
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.
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."
Trillion dollar ZIMM eggs.
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
Cheque please.
This is what limiting your spending has got you! On ZH with a broken computer!
Ben needs to work/print at the world bank...fixed it
Do the other nations use actual inflation figures to calculate this?
Sam, there's probably a hell of a lot less comic book than the BLS inflation numbers, eh?
Say IF Again. They speak English in IF???
Wh...What?
Ihh...If? (there, FIFY)
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!!!!
I rather doubt the yellow line is indicative of Prepper activity...but I would ask the question...how much of that line is the effect of food and energy inflation? Just out of curiousity.
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?
Is this a trick question?
U.S.A. U.S.A. U.S.A.!!!
We will win at everything even the race for the bottom. AMERICA FUCK YAH!!!!!!
....."Lick my Bernank, and suck my Geithner!"
Ewww you havea Bernanke on your Geithner!
MOAR stuff bitchez!! I can't wait to stuff myself with bud light and cheap snacks from Walmart during the Stupor Bowl!
The chart is only missing FORWARD!
Considering what's been going on in european periphery Ireland and Spain look FAT.
European Homey don't have same printing press as Uncle Sammy.
Europe gets austerity and we get Bennybucks™ WINNING
Til the world cuts off our money drug.
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.
i'm surprised you haven't been swarmed with red arrows yet.
Israel ?
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.
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.
" 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.
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.
The terms sociopathic nut and American are mutually interchangeable
Thank you, AnAnonymous, for that crustiest bit of gratuitous anti-American bigotry.
You may now return to your regularly scheduled insanitation and citizenism.
akak said:
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.
"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.
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.
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.
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.
Ah, one can always count on that nation. But then again, if you have no future, why not spend it all now?
Krygyzstan?
Irish ain't thrifty.
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.
"what are you saving ?"
Physical gold and silver...oh, except that boating accident a while back really took me back...
I save stout in my guts for a few hours and then piss it out.
Its a fluid medium of exchange.
http://www.youtube.com/watch?v=YTBC7ckTWpo
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.
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
http://www.youtube.com/watch?v=PUcAkucShzQ
Much smaller family sizes increase input costs per prson to a very large degree.
Now thats real.
Population
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%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.
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.
By which inflation measure is that adjusted? Gov's? Or the one used by folks who eat, drive and work for a living?
Bingo! THe BLS inflation numbers are right off the horse stable floor.
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.
Some preppers buy bourbon, vodka, stuff like that because it keeps. Trade goods baby, trade goods. Also, you wanna be popular.
US MSM propaganda success rate still batting 1000. Don't worry, be happy.
Goldilocks bitchez!
One rather large nation has CONFIDENCE in itself and its fearless elite to keep delivering the free goodies - what could go wrong?
It's...the yellow one!
DavidC
Waldo's the one with the red striped shirt and glasses, right?
American are being lied to, and most are ignorant to the state of the economy
I don't see it. Too much helicopter-dropped fiat flying around in my face.
fiat biach!
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.
The color Gold should never be tainted by the US in any future charts/graphs. It's like mixing cats and dogs.
stateside
Well, adjust the US spending for the real inflation rate of 14% and it will look a lot different.
a golden shower of trickle down economics.
http://bobbiblogger.files.wordpress.com/2012/01/trickle-down.jpg
"I told them it would trickle down."
cue lafftrak
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.
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 Brietbart.com./Big-Government. (You know the place)
If its on Brietbart.com, it usually desrves a "who gives a shit"?
MSNBC Better?
You're on a site that regularly gets the same treatment from the mainstream media.
It's the internet. Learn to discern.
http://www.flickr.com/photos/expd/8432407369/
http://www.breitbart.com/Big-Government/2013/02/01/MF-Global-Attorney-Na...
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.
The US is clearly just smarter than the rest of the world and is getting back on the consumerism calliope before inflation hits...buy your cars and chairs now before they double in price.
You finance chairs?
Um... the yellow one?
http://www.marketwatch.com/story/no-money-down-home-loans-are-back-2013-02-01
That's why they put counterfeiters in prison.
The dutch really are a frugal bunch.
Keeping up with the Kardashians
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.
Ehm... is it this one? http://www.decisionsonevidence.com/wp-content/uploads/2012/05/Individual...
No?
Maybe it's the invisible one - then?
Wait... it's the yellow one! Right?
If so, please bail everybody else out, will ya?;)
But we have the world's reserve currency and can spend as much as we want of it.
So TPTB's lies are working. Keep walking sheep, right into the slaughter.
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)
I know I know! The house that didn't cut spending is the Whitehouse!
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.
Buy physical silver, take delivery as its 10,000 industrial uses and having been money throughout history, make it the safest bet.
silver, and brass+copper jacketed lead.
would like to see Germany on that one