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



Fri, 02/01/2013 - 16:55 | 3207450 TBT or not TBT
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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
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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
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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
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The terms sociopathic nut and American are mutually interchangeable

Fri, 02/01/2013 - 17:06 | 3207478 akak
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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
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"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
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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.



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