A lot of the world is moving away from ultra consumerism. My argument is that the US is behind the curve. We need better ways of collecting revenue other than sales.
1 year ago | 1
It’s a known fact that Americans are more consumerists than Europeans to a fault and also more bullish meanwhile most Europeans are more conservative, Americans like credit cards because of rewards,they even fall for payday loans, a lot of Europeans use credit cards as a last resort, European might get credit for big items but for small items most prefer to save, interest rates were also quite attractive to start saving instead of almost 0% interest rates offer on savings ect, Central European and Scandinavia are pragmatic, southern and.easter Europeans are “poor”. It’s similar to asking why most Europeans don’t use dryers meanwhile Americans use them or why we don’t buy in bulk ect. What country had various reusable water bottle craze???
1 year ago | 5
So American citizens have spending problem not a earning problem
1 year ago | 4
Ah, yes, moden capitalism, where people deciding not to get into 200'000$ of debt for buying expensive TVs and plane tickets is considered bad for the economy. iT hUrTs tHe ShArEhOlDeR vAlUe.
1 year ago | 0
You may see it. I do not. As one of the one-in-ten of the male population, I'm colourblind. The graph is meaningless to me.
1 year ago | 0
What is the Y axis? This is a meaningless graph, it could be anything, does it account for inflation?
1 year ago | 0
Retail sales for American homes are at the lowest volume this month since October 2011. This chart is very misrepresentative.
1 year ago | 0
Wrong conclusion, the UK left EU exactly on that argument and they are doing worse.
1 year ago | 0
Retail sales really isn't a very good indicator of the health of an economy as it shows very little about how households are affording this spending. The New York Fed has a very interesting analysis concerning how US non-housing debt has risen by 50% to over 6 trillion since Q1:2020 ... 🤷🏻‍♂️ Is the whole difference just consumer debt driven stimulus? 🤷🏻
1 year ago | 0
I guess the European solution will be more control to the states, more regulations and less free market because we are already wealthy enough🫡
1 year ago | 0
VisualEconomik EN
🤔🤦‍♂️ Here we can see how real retail sales have evolved in different regions over the past few years. Once again, the big surprise is that while things are going full steam ahead in the United States, Europe (especially the Eurozone) seems to have completely lost its way. The policies coming out of Brussels and the various governments of the Eurozone are severely impacting economic activity and the standard of living for Europeans. To make matters worse, in recent days they've lowered the growth forecast for next year to a dismal 1.2%. Not exactly good news.
The difference with the United States is almost insulting. Is Europe aiming to become the next Japan? We’ll leave that question with you.
1 year ago | [YT] | 122