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dalej

texas

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Posted: 10/31/19 06:37am Link  |  Quote  |  Print  |  Notify Moderator

https://www.zerohedge.com/economics/second-consecutive-quarter-what-americans-spent-most-money


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Bobbo

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Posted: 10/31/19 07:37am Link  |  Quote  |  Print  |  Notify Moderator


Made it a clicky


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ksg5000

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Posted: 10/31/19 09:46am Link  |  Quote  |  Print  |  Notify Moderator

That makes no sense to me. While RV's are popular in the PNW the number of people who own them are a small fraction of the overall population. Suspect the same applies to the rest of the country.


Kevin

DutchmenSport

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Posted: 10/31/19 10:12am Link  |  Quote  |  Print  |  Notify Moderator

ksg5000 wrote:

That makes no sense to me. While RV's are popular in the PNW the number of people who own them are a small fraction of the overall population. Suspect the same applies to the rest of the country.


That's because RV are a high ticket price item.

For sales, based on dollar value only, one person purchasing a $35,000 travel trailer would take 35,000 people buying a loaf of bread at $1.00 a loaf.

It doesn't take very many RV's sold to far surpass beyond anyone's imagination the dollar for dollar spent on bread, new shoes, or a new toaster, combined all together.

How much of that RV purchasing money is done with credit also. It's not like those RV's are being purchased with readily cash on hand and paid in full at the time of purchase. Take every away ever RV purchased on credit, and the numbers would be completely, significantly reversed. RV's would probably be at the bottom.

Numbers can be manipulated to mean anything. And no... you can't blame that on the President. You blame it on whoever is skewing the number to meet their objective. We all do it, even with our own personal finances. Remove credit cards out of the mix, and how much spending do we REALLY do! We, as a nation from the top all the way down to the bottom, are great at purchasing pretty much everything on money we don't actually have.

Gjac

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Posted: 10/31/19 10:31am Link  |  Quote  |  Print  |  Notify Moderator

ksg5000 wrote:

That makes no sense to me. While RV's are popular in the PNW the number of people who own them are a small fraction of the overall population. Suspect the same applies to the rest of the country.
I would not have guessed that Americans across the board spend more on RV's than housing and cars. As long as consumer confidence is high and people are spending money for discretionary items like rv's the economy should do well, if a trade deal is reached with China it should do better. His charts show a slow down from 2017 to 2019 which is not a good sign. If one in 10 American households buy an RV worth $100k on average maybe then the chart would make more sense.

2012Coleman

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Posted: 10/31/19 12:36pm Link  |  Quote  |  Print  |  Notify Moderator

Here is a real paradox for you.. (pair of ducks?)

[image]


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Posted: 10/31/19 01:01pm Link  |  Quote  |  Print  |  Notify Moderator

Pair a Docs

[image]

Two Hands

California's Central Coast

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Posted: 10/31/19 01:59pm Link  |  Quote  |  Print  |  Notify Moderator

No, no, no. Paradox are two places to get on the bass boat!


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wildtoad

Blythewood, SC

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Posted: 10/31/19 03:05pm Link  |  Quote  |  Print  |  Notify Moderator

What I want to know is where can you buy bread for $1? (Fresh that is)


Tom Wilds
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DrewE

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Posted: 10/31/19 04:37pm Link  |  Quote  |  Print  |  Notify Moderator

It's worth noting that the graphs are not spending per category, but spending increase per category. "Recreational vehicles and goods" increased the most, at least according to their data; and what all that includes is a bit hard to peg down.

It's almost certain that the total spending on, say, housing or automobiles is much higher than on RVs; that spending was just more stable at its higher level.





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