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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 | Link to Comment nope-1004
nope-1004's picture

if

Fri, 02/01/2013 - 15:12 | Link to Comment Say What Again
Say What Again's picture

If what?

Fri, 02/01/2013 - 15:17 | Link to Comment nope-1004
nope-1004's picture

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 | Link to Comment 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 | Link to Comment are we there yet
are we there yet's picture

Trillion dollar ZIMM eggs.

Fri, 02/01/2013 - 16:06 | Link to Comment Ying-Yang
Ying-Yang's picture

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 | Link to Comment CPL
CPL's picture

Cheque please.

Fri, 02/01/2013 - 15:19 | Link to Comment ZDRuX
ZDRuX's picture

This is what limiting your spending has got you! On ZH with a broken computer!

Fri, 02/01/2013 - 15:51 | Link to Comment max2205
max2205's picture

Ben needs to work/print at the world bank...fixed it

Fri, 02/01/2013 - 15:46 | Link to Comment Sam Clemons
Sam Clemons's picture

Do the other nations use actual inflation figures to calculate this?

Fri, 02/01/2013 - 16:03 | Link to Comment redd_green
redd_green's picture

Sam, there's probably a hell of a lot less comic book than the BLS inflation numbers, eh?

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

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

 

 

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

Wh...What?

Fri, 02/01/2013 - 18:34 | Link to Comment Don Smith
Don Smith's picture

Ihh...If?  (there, FIFY)

Fri, 02/01/2013 - 15:18 | Link to Comment MassDecep
MassDecep's picture

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 | Link to Comment Cdad
Cdad's picture

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.

Fri, 02/01/2013 - 17:55 | Link to Comment obthedgehog
obthedgehog's picture

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 | Link to Comment Say What Again
Say What Again's picture

Is this a trick question?

Fri, 02/01/2013 - 15:12 | Link to Comment reTARD
reTARD's picture

U.S.A. U.S.A. U.S.A.!!!

Fri, 02/01/2013 - 15:44 | Link to Comment localsavage
localsavage's picture

We will win at everything even the race for the bottom.  AMERICA FUCK YAH!!!!!!

Fri, 02/01/2013 - 17:52 | Link to Comment moldygoat
moldygoat's picture

....."Lick my Bernank, and suck my Geithner!"

Sat, 02/02/2013 - 10:59 | Link to Comment kw2012
kw2012's picture

Ewww you havea Bernanke on your Geithner!

Fri, 02/01/2013 - 15:44 | Link to Comment Squid Vicious
Squid Vicious's picture

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 | Link to Comment mercenaryomics
mercenaryomics's picture

The chart is only missing FORWARD! 

Fri, 02/01/2013 - 15:14 | Link to Comment Dick Darlington
Dick Darlington's picture

Considering what's been going on in european periphery Ireland and Spain look FAT.

Fri, 02/01/2013 - 15:14 | Link to Comment Dollar Bill Hiccup
Dollar Bill Hiccup's picture

European Homey don't have same printing press as Uncle Sammy.

Fri, 02/01/2013 - 15:26 | Link to Comment Desert Irish
Desert Irish's picture

Europe gets austerity and we get Bennybucks™   WINNING

Fri, 02/01/2013 - 16:03 | Link to Comment SeattleBruce
SeattleBruce's picture

Til the world cuts off our money drug.

Fri, 02/01/2013 - 17:00 | Link to Comment TBT or not TBT
TBT or not TBT's picture

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 | Link to Comment Fedaykinx
Fedaykinx's picture

i'm surprised you haven't been swarmed with red arrows yet.

Fri, 02/01/2013 - 15:15 | Link to Comment Seasmoke
Seasmoke's picture

Israel ?

Fri, 02/01/2013 - 15:18 | Link to Comment Dr. Engali
Dr. Engali's picture

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 | Link to Comment NoDebt
NoDebt's picture

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 | Link to Comment Totentänzerlied
Totentänzerlied's picture

" 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 | Link to Comment akak
akak's picture

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 | Link to Comment Dugald
Dugald's picture

The terms sociopathic nut and American are mutually interchangeable

Fri, 02/01/2013 - 17:06 | Link to Comment 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 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

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 | Link to Comment 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 | Link to Comment TBT or not TBT
TBT or not TBT's picture

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 | Link to Comment swmnguy
swmnguy's picture

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 | Link to Comment post turtle saver
post turtle saver's picture

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 | Link to Comment Aductor
Aductor's picture

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 | Link to Comment natronic
natronic's picture

Krygyzstan?

Fri, 02/01/2013 - 15:15 | Link to Comment Cursive
Cursive's picture

Irish ain't thrifty.

Fri, 02/01/2013 - 15:32 | Link to Comment THE DORK OF CORK
THE DORK OF CORK's picture

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 | Link to Comment SeattleBruce
SeattleBruce's picture

"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 | Link to Comment THE DORK OF CORK
THE DORK OF CORK's picture

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

Fri, 02/01/2013 - 17:10 | Link to Comment 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 | Link to Comment THE DORK OF CORK
THE DORK OF CORK's picture

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%
Fri, 02/01/2013 - 20:17 | Link to Comment Savvy
Savvy's picture

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 | Link to Comment TheMerryPrankster
TheMerryPrankster's picture

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 | Link to Comment 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 | Link to Comment redd_green
redd_green's picture

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

Fri, 02/01/2013 - 16:09 | Link to Comment s2man
s2man's picture

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 | Link to Comment 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 | Link to Comment gwar5
gwar5's picture

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

 

Fri, 02/01/2013 - 15:18 | Link to Comment mdtrader
mdtrader's picture

Goldilocks bitchez!

Fri, 02/01/2013 - 15:18 | Link to Comment 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 | Link to Comment DavidC
DavidC's picture

It's...the yellow one!

DavidC

Fri, 02/01/2013 - 16:54 | Link to Comment eaglerock
eaglerock's picture

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

Fri, 02/01/2013 - 15:22 | Link to Comment 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 | Link to Comment 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 | Link to Comment TheMerryPrankster
TheMerryPrankster's picture

fiat biach!

 

Fri, 02/01/2013 - 15:30 | Link to Comment NoWayJose
NoWayJose's picture

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 | Link to Comment 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.

stateside

Fri, 02/01/2013 - 15:33 | Link to Comment madcows
madcows's picture

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 | Link to Comment besnook
besnook's picture

a golden shower of trickle down economics.

 

 

 

 

 

Fri, 02/01/2013 - 23:07 | Link to Comment TheMerryPrankster
TheMerryPrankster's picture

http://bobbiblogger.files.wordpress.com/2012/01/trickle-down.jpg

 

"I told them it would trickle down."

cue lafftrak

Fri, 02/01/2013 - 15:46 | Link to Comment 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 | Link to Comment 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 Brietbart.com./Big-Government. (You know the place)

 

 

 

 

 

Fri, 02/01/2013 - 15:57 | Link to Comment redd_green
redd_green's picture

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

Fri, 02/01/2013 - 16:20 | Link to Comment Bear
Bear's picture

MSNBC  Better?

Fri, 02/01/2013 - 16:33 | Link to Comment 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.

http://www.flickr.com/photos/expd/8432407369/

Fri, 02/01/2013 - 15:58 | Link to Comment 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 | Link to Comment 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 hits...buy your cars and chairs now before they double in price.

Fri, 02/01/2013 - 22:25 | Link to Comment RafterManFMJ
RafterManFMJ's picture

You finance chairs?

Fri, 02/01/2013 - 16:26 | Link to Comment Bryan
Bryan's picture

Um... the yellow one?

 

Fri, 02/01/2013 - 16:51 | Link to Comment q99x2
q99x2's picture

That's why they put counterfeiters in prison.

Fri, 02/01/2013 - 16:53 | Link to Comment Hobie
Hobie's picture

The dutch really are a frugal bunch.

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

Keeping up with the Kardashians

Fri, 02/01/2013 - 16:55 | Link to Comment 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 | Link to Comment 100pcDredge
100pcDredge's picture

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?;)

Fri, 02/01/2013 - 17:03 | Link to Comment 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 | Link to Comment Coldsun
Coldsun's picture

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

Fri, 02/01/2013 - 19:23 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Fedaykinx
Fedaykinx's picture

silver, and brass+copper jacketed lead.

Sat, 02/02/2013 - 09:58 | Link to Comment Hober Mallow
Hober Mallow's picture

would like to see Germany on that one

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