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The Consumerism Thread (merged)

What's on your mind?
General interest discussions, not necessarily related to depletion.

Re: PO and consumer choices

Unread postby Twilight » Thu 22 May 2008, 15:39:56

$this->bbcode_second_pass_quote('MrBill', '.')... therefore, I see it as the stranded infractructure and legacy costs that will have to be abandoned as we run out of the energy and the money to subsidize existing infrastructure designed for the pre-peak oil age.

Absolutely. Lots of airport expansion is planned or already taking place in the UK, even as airlines issue profit warnings or look for white knights. Motorways are being widened too. But eventually, airlines will cut services, motorists will make fewer journeys and we will be left with a legacy of epic malinvestment due to a failure of strategic vision. However irrational the response, when the money is no longer there, it is no longer there.

Two of the most frequently stated justifications for such projects are the enabling of further growth and job creation. Yet it has been clear for some time that there will be no additional fuel to enable that growth, and if Keynesian public works are such a great idea, there are better sectors where they could be directed. Rail and inland waterways, to name two.

It would seem government and consumer responses to distress are misdirected. No doubt Tainter would have something to say about that.
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Re: PO and consumer choices

Unread postby cube » Thu 22 May 2008, 16:35:50

$this->bbcode_second_pass_quote('MrBill', '
')Source: Airlines’ Cuts Making Cities No-Fly Zones
this is interesting
$this->bbcode_second_pass_quote('', 'T')he Air Transport Association, an industry trade group, predicts 211.5 million people will fly between June 1 and Aug. 31, down more than 2 million passengers from last year’s record of 213.5 million.

There seems to be an almost universal consensus on this forum that the airline industry is the perfect, "canary in the mineshaft".
I'm not trying to rub salt into anyone's eyes but the statistics do NOT support this claim. A drop of 2M from 200M is only 1% so that's hardly catastrophic. But like I said before, an extra dollar spent here is a dollar that could NOT be spent elsewhere. In this case a more accurate statement would be an extra $25 spent carrying a bag on a jet plane is $25 that could not be spent elsewhere in the economy (Starbucks coffee and DVD movies perhaps? :oops: )

If there's only a small drop here then there must be a catastophic drop elsewhere. I think I found it.
As Gas Prices Rise, SUV and Truck Sales Plummet
$this->bbcode_second_pass_quote('', 'T')he downward trend is largely due to the decreased demand for SUV and truck sales, which in the first quarter of 2008 decreased 28 percent. Even though the sales of subcompact cars rose 32 percent...
It seems the trend is clear: people are giving up on big cars in droves and moving towards smaller cars. I think in the future society will hit a brick wall and there won't be a huge demand for smaller cars, there just won't be a huge demand for cars period....but lets not get ahead of ourselves. ^_^
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Re: PO and consumer choices

Unread postby MrBill » Fri 23 May 2008, 03:49:42

I do not think that the airline is the canary in the mineshaft. Many carriers have had a broken business model for decades now. High fuel costs just exacerbate their financial woes. Perhaps the utter foolishness of selling airline tickets for pennies, while expecting regular economy and business class flyers to subsidize those seats. This just results in a lot of crowded airports and unnecessary flights.

UPDATE:
$this->bbcode_second_pass_quote('', 'F')light delays could cost U.S. airlines more than $2 billion in wasted jet fuel this year, according to a congressional report released on Thursday.

The Joint Economic Committee study estimated that flight delays and congestion, especially in the New York region, are squeezing airlines at a time when the industry's financial condition is deteriorating rapidly due mainly to the unchecked cost of fuel.

"The airline industry is drowning in red ink," said U.S. Sen. Charles Schumer, who introduced the report that more broadly found flight delays severely impact the economy.

Commercial aircraft burned an estimated 740 million gallons of excess jet fuel because of record flight delays in 2007, costing them $1.6 billion. The calculation assumes an average wholesale price of $2.15 per gallon.

Source: Wasted fuel from U.S. flight delays costs billions



That the US government (per that 1st article) actually subsidizes airlines to fly to regional airports that are otherwise not economically viable just proves your point about throwing public money at failing industries. Of course that public money comes from those segments of the economy that are viable thereby lowering the nation's overall productive capacity and ability to compete.

The airlines' plea that they cannot pass along higher fuel prices and other costs to passengers should be a dead give away. The consumer can no longer afford to fly, and airlines can no longer afford to fly them at a loss. So where is the problem? Shrink the damn industry! Let's get back to passengers traveling on business and the luxury of plane travel only for those that can afford it circa 30-years ago. Leisure travel is not a right!

This is just another symptom of the deep denial that society are collectively in. If we cannot afford something then society has to subsidize it. Except we the taxpayers are society, so we're just paying our money to ourselves with a lot of friction and misallocation reducing the size of the overall pie.
Last edited by MrBill on Fri 23 May 2008, 05:34:32, edited 2 times in total.
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Re: PO and consumer choices

Unread postby gampy » Fri 23 May 2008, 04:18:17

Consumerism.

I hate that word, and I hate being called a consumer. Mind you, I do consume things, like food, occasional clothing, beer, tobacco, etc.

I want to write a big essay, or rant, that talks about how modern society is so hollow, so vacant, so bereft of anything wholesome or good.
When I bike to work, I see all the cars, all the strip mall businesses, all the poor city planning, all the fucking concrete. Makes me sick.

I despise the fucking shops that sell useless shit. I hate fucking telemarketers, and marketing campaigns (one and the same).

Consume. Consumer. It means nothing except buy more oil, buy more crap, buy more shit to keep lackeys like me in service sector jobs. And huge profits for the folks who run these fucking franchises.

I feel fucking trapped. Trapped in this fucking hamster wheel.

I have a big fantasy of moving out to my folks place and making a self sufficient lifestyle, but I have been a city rat for too long.

I don't know if I could make a go of it for me and my folks. Too soft, too used to modern, G-7 lifestyle.

The Mennonites, the Amish, the Bedouin, Kalahari Bushmen, and others have my complete and utter respect. I really believe they have the answer, and the skills.

I am atheist, but I would be willing to bow my head to their god, if they would have me , and teach me how to live closer to nature(god?). I would seriously submit to their ways, if it meant learning, and loving nature, and god.

I wonder if they take converts, or only their offspring.
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Re: PO and consumer choices

Unread postby dmtu » Fri 23 May 2008, 05:01:13

@ gampy

It is my understanding that the Amish will happily take in youngsters. You should understand that they need new blood, and that their system is a form of socialism. If you are serious and you think that decision would make you happy then you should honestly take closer look if not a plunge.
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Re: PO and consumer choices

Unread postby Waterthrush » Fri 23 May 2008, 07:40:05

Gampy - you should try to think of ways that will bring you into more contact with the outdoors. The problem with not having a car is that you are confined to the city. There are plenty of beautiful parks and natural areas within 25 miles of almost anywhere in the US, but they seem to require a car to get to them. I haven't solved this problem yet!

If your job is the kind you can leave and get back into easily, consider a season of working for some natural history position. They mostly pay peanuts, but usually include room and board. Bird-banding, wildlife census counts, clearing invasive species. If you cannot get away, volunteer to be a "friend" of your area's parks or open spaces. You will meet people who know of other positions.

What I'm saying is that the natural world is reasonably close at hand. It is like stepping through Alice's looking glass, when you pull into an unmarked parking area, slip through an opening in the trees, and are then in a dense forest.
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Re: PO and consumer choices

Unread postby FoolYap » Fri 23 May 2008, 08:32:25

$this->bbcode_second_pass_quote('Kingcoal', '$')20 sneakers do just fine for me also.


Where do you buy $20 sneakers worth wearing??

As for me, I don't mind spending $75 on a decent pair of shoes. I wear them until they're falling apart, style be damned. But life's too short to wear cheap crappy shoes. Did that once, and my feet hurt for weeks until I wised up, bought better ones and pitched the cheap ones.

--Steve
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Re: PO and consumer choices

Unread postby MrBill » Mon 09 Jun 2008, 09:03:49

Got gas?


Image

$this->bbcode_second_pass_quote('', 'T')his is a beautiful coach. Matching black leather sofas, two 42" plasmas, Gaillo granite with brass inlays throughout. Rear master suite with queen bed and walk-in closet. 17.5 Fisher-Panda generator. Heated Floors. Power awnings all around. KVH in motion sat. 4 Roof acs. The list goes on. Will consider all trades. South Florida water front property, motorhomes, ect. US$539,900



source: RVs for All


This is more my style! ; - ))
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Breaking the addiction to consumption

Unread postby dinopello » Mon 30 Jun 2008, 12:56:22

Article in Wash Post today

All Consuming Problem

What's going to happen to these people? Recovery after cold turkey? Shellshocked zombies ? Rage?

$this->bbcode_second_pass_quote('', '"')When I'm unhappy, I want to shop to make myself happy," said the mother of two from Bakersfield, Calif. "I'm happy for a brief moment and then angry with myself because I've spent money."



$this->bbcode_second_pass_quote('', '"')For people already in the throes of addiction, the economy tanking is just another stressor," said Terry Shulman, a Detroit therapist who specializes in addictions. "It's no different than the alcoholic afraid of losing a job or money, but they're still drinking. I think particularly if people feel, 'I'm not going to have a retirement fund, I'm not going to be able to afford the house of my dreams, then I'm going to get nice things, clothing, electronics.' "


$this->bbcode_second_pass_quote('', '"')It's the ideology of America that you are what you own"


$this->bbcode_second_pass_quote('', 'S')ometimes compulsive shopping is coupled with a disorder such as obsessive-compulsive disorder. In those instances, psychiatrists said, medication might help.


$this->bbcode_second_pass_quote('', 'S')he realized she needed help when her 5-year-old daughter complained of not having enough clothing even though she had a closet full of trendy dresses and shoes. "Things were getting out of hand because I couldn't control my spending anymore," she said. "There was always something new I had to have."

Hey - what is the name of that video about the rise of consumerism through marketing to the base desires around the time that Freud's brother came over to the U.S..?
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Re: Breaking the addiction to consumption

Unread postby PenultimateManStanding » Mon 30 Jun 2008, 13:36:24

$this->bbcode_second_pass_quote('dinopello', '
')Hey - what is the name of that video about the rise of consumerism through marketing to the base desires around the time that Freud's brother came over to the U.S..?
You may be thinking about The Century Of The Self, dino. It's about, among other things, Edward Bernays, Freud's nephew. It's online here in the anthropology section.
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Re: Breaking the addiction to consumption

Unread postby Specop_007 » Mon 30 Jun 2008, 13:47:41

$this->bbcode_second_pass_quote('PenultimateManStanding', '')$this->bbcode_second_pass_quote('dinopello', '
')Hey - what is the name of that video about the rise of consumerism through marketing to the base desires around the time that Freud's brother came over to the U.S..?
You may be thinking about The Century Of The Self, dino. It's about, among other things, Edward Bernays, Freud's nephew. It's online here in the anthropology section.


Thats a good link! Also a good video series, I've watched the better part of it. I really liked how they made it socially acceptable for women to smoke.
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Re: Breaking the addiction to consumption

Unread postby PenultimateManStanding » Mon 30 Jun 2008, 14:04:59

$this->bbcode_second_pass_quote('Specop_007', '
')Thats a good link!
There are some really good documentaries at that site. There's one video series that traces the spread of humanity from the African bushmen using genetic markers. The crew of the series goes all over the world finding and interviewing individuals who possess the markers that indicate various branchings of modern humans.
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Signs of falling consumer demand appear where?

Unread postby the48thronin » Thu 14 Aug 2008, 15:24:53

Possibly in the trucking industry which usually leads other indicators by 2 quarters?

$this->bbcode_second_pass_quote('', 'O')n a same site basis, TA's total fuel volumes were down 16 percent for the 2008 second quarter over the corresponding 2007 period and down by 14 percent for the first six months of 2008 as compared to the 2007 period.


link
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Re: Signs of falling consumer demand appear where?

Unread postby the48thronin » Thu 14 Aug 2008, 15:28:34

anecdotally, I am again parked at the Hyatt in Savannah, Ga with a clear view of the container port upstream.

Last week while I was unloading here, all 4 container docks I could see were busy, in fact one ship left only to be replaced by another within minutes.

Today one of the docks is occupied, and for the entire day the other three have been empty.

HMMM.....
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Re: Signs of falling consumer demand appear where?

Unread postby Roccland » Thu 14 Aug 2008, 15:29:16

$this->bbcode_second_pass_quote('the48thronin', 'P')ossibly in the trucking industry which usually leads other indicators by 2 quarters?

$this->bbcode_second_pass_quote('', 'O')n a same site basis, TA's total fuel volumes were down 16 percent for the 2008 second quarter over the corresponding 2007 period and down by 14 percent for the first six months of 2008 as compared to the 2007 period.


link


Schiff has said for years when the US consumer dies - so to do global economies.

Mish had a good write up yesterday on the $100 pizza and Uno Pizza skipping bond payments...the consumer is DEAD - stick a fork in it...
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Consumer Credit fell by the most in History

Unread postby Eli » Tue 07 Oct 2008, 15:42:26

Fall of consumer credit

$this->bbcode_second_pass_quote('', 'C')onsumer credit fell by $7.9 billion, the most since statistics began in 1943, to $2.58 trillion, the Fed said today in Washington. In July, credit rose by $5.2 billion, previously reported as a $4.6 billion gain. The Fed's report doesn't cover borrowing secured by real estate.
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Re: Consumer Credit fell by the most in History

Unread postby Eli » Tue 07 Oct 2008, 16:01:04

That is about 15 billion of cash pulled out of the economy in the course of a month.

Consumer credit drying up = economic death for the US, and China.
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Re: Consumer Credit fell by the most in History

Unread postby RdSnt » Tue 07 Oct 2008, 16:25:26

Christmas season is definitely going to be harsh.
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Worst plunge in consumer spending since 1980

Unread postby Sixstrings » Wed 26 Nov 2008, 16:03:28

$this->bbcode_second_pass_quote('', 'N')ov. 26 (Bloomberg) -- The U.S. sank into a deeper recession as consumer spending, the biggest part of the economy, dropped in October by the most since the 2001 contraction, economists said before a government report today.

Consumer spending dropped at a 3.7 percent annual pace in the third quarter, more than the government had previously forecast and the biggest plunge since 1980, revised Commerce figures showed yesterday. The economy shrank 0.5 percent, also faster than initially estimated.


http://www.bloomberg.com/apps/news?pid= ... refer=home
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Re: Worst plunge in consumer spending since 1980

Unread postby burn0gas » Wed 26 Nov 2008, 16:16:35

Next bubble = soup kitchens?
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