Here is a chart showing the level of consumer credit. The interesting part is the last year or so. Very different than past years, even lower than the '81 and '92 years. Probably not good---sorta. But maybe we should be thinking of consuming more in the range of say Europe. This would be a nice life style but we would have to drop our consumption by 50% as we use twice as many goods as the average European citizen. Times are changing. Hit graph to make it bigger and more meaningful.
No comments:
Post a Comment