I like this new style of mine, giving you individual article links with snarky commentary underneath. I suspect nobody was interested in reading my news summary posts all the way to the end, anyway.
Calculated Risk - Restaurant Performance Index indicates faster expansion in October. Quote:
Restaurant spending is discretionary, so even though this is "D-list" data, I like to check it every month. This index is indicated decent expansion in October, and it appears restaurants are benefiting from lower gasoline prices and the improved labor market.But remember that Andy Garthwaite at Credit Suisse thinks restaurants aren't businesses, consumers aren't aggregate demand, and the labour market is nothing but a den of sociamalism that exists only to suck money out of the pockets of investors.
Because that's exactly what an ignorant uneducated bourgeois parasite would think.