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Prelude to the Slowdown to Come: Restaurant Traffic

Written by Gary North on July 23, 2013

When finances get tight, people stop going out to eat. Going out to eat is a luxury. No one has to do it.

There has been a steep decline in restaurant traffic over the past few months.

This is bad news for restaurant owners. It is bad news for the economic recovery.

Look at what happened in 2009. That’s what Bernanke is afraid of: an economy that acts like 2009.

This is an early warning indicator. Be aware of it.

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6 thoughts on “Prelude to the Slowdown to Come: Restaurant Traffic

  1. You got that right…..I've almost completely stopped going out to eat…..if you just take a moment and add it up you will be shocked what you spend…..for one dinner out you can buy food for almost a week eating at home. And the food is much better for you if you eat fresh veggies and fish with less red meat…..all the crap out is all processed!

  2. Texas Chris says:

    Same here. Wife and I eat out once a week, now, and we're hitting up the farmer's markets instead of the chain grocery, too. Used to the chains were cheaper, but not now.

  3. You know you live in DC/NYC/SF/BOS when Farmer's markets are more expensive than chain grocery stores!

  4. You wouldn’t know it living in Livermore, CA. The restaurants are packed more than ever here. Scary because everyone here is getting really comfortable.

  5. I actually sell extra food grown in the back yard at the local farmer's market, however I've increased my red meat, it's better for you Michael.

  6. BlueViolets says:

    My late husband and I quit eating out in 1987. Best thing we ever did. Had gardens, canned and froze our fruits and veggies. Eat out about two or three times a year now but that's only because the kids take me out. We all best start honing our bartering skills. The economy is tanking and soon the only way to feed and cloth ourselves will be to barter. Might be a good idea to find a way to generate your own electric too without the use of gasoline. At the rate this administration is going we will all be very cold in the winter and very hot in the summer and very hungry all year long.