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The First Casualty Of An "Improving" Economy: The Fast Food Dollar Menu, As McDonalds Considers Hiking Prices

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Wed, 12/22/2010 - 17:30 | 824790 tmosley
tmosley's picture

Is this the "first" casualty?  Really, we haven't had any casualties before this?

Damn, I might just jump on the Happy Train with Harry, Robo, and associated fuckfaces!

Sorry, just tired of all these "So it begins" type posts.  It's already started.  We are transitioning from the end of the beginning to the middle of this crisis.  The transition will be complete when the Euro crisis hits the core with defaults.

Wed, 12/22/2010 - 17:31 | 824830 Internet Tough Guy
Internet Tough Guy's picture

Agree. Oil at a 2 year high and dollar menu inflation are signs of the same event.

Wed, 12/22/2010 - 17:41 | 824861 Cheesy Bastard
Cheesy Bastard's picture

1/8th pounder with cheese, anyone?

Wed, 12/22/2010 - 17:58 | 824898 DaveyJones
DaveyJones's picture

as long as the taste doesn't improve

Wed, 12/22/2010 - 18:17 | 824940 downrodeo
downrodeo's picture

"pink slime, soylent green is made of pink slime!"

 

http://scienceblogs.com/mikethemadbiologist/2010/01/would_you_like_ammonia-laced_p.php

 

 

Wed, 12/22/2010 - 22:03 | 825414 duo
duo's picture

What are the price increases for the 5 basic food groups?

Salt

MSG

high-fructose corn syrup

textured vegetable protein

partially hydrogenated vegetable oil (can be one of the following: palm, soybean, canola, sunflower)

Wed, 12/22/2010 - 22:15 | 825426 hedgeless_horseman
hedgeless_horseman's picture

Worried about the price or availability of basics and have a woman in your life?  Buy her 2 dozen of these:

http://www.naturallycozy.com/washable-feminine-napkins.html

Wed, 12/22/2010 - 22:45 | 825447 duo
duo's picture

good luck getting through airport security with one of those.

Wed, 12/22/2010 - 23:43 | 825522 frankoo
frankoo's picture

Jesus!

Thu, 12/23/2010 - 01:22 | 825602 Montgomery Burns
Montgomery Burns's picture

My wife got a chuckle out of that.

Thu, 12/23/2010 - 11:24 | 826065 Armchair Bear
Armchair Bear's picture

thanks! my 10 year old daughter's future career...making saddles for riding the cotton pony...i'll be stocking up on flannel and terrycloth!

Wed, 12/22/2010 - 22:24 | 825430 Salinger
Salinger's picture

you neglected to mention the newly approved additive to french fried potatoes that does not need to be declared

 

yes everyone's favorite Cancer Drug "Elspar" (or Asparaginase ) will now be added to products such as baked goods and french fries, ostensibly to ward off an heretofore unknown carcinogen, "Acrylamide. (actually Acrylamide has been suspected as a carcinogen for decades)

 

http://www.calgaryherald.com/story_print.html?id=2368480&sponsor=

 

(since that article was first published the additive has been approved)

Wed, 12/22/2010 - 18:40 | 824994 CPL
CPL's picture

LOL, had to reread that ...

Wed, 12/22/2010 - 18:28 | 824967 cosmictrainwreck
cosmictrainwreck's picture

yeah...just keep it under $4.99

Wed, 12/22/2010 - 18:32 | 824977 theXman
theXman's picture

Just came back from a Malaysian restaurant. Lots of price hikes on the menu over last week. The new prices are all hand-written -- the owner would not wait for the new menus to be printed or could afford it.

Wed, 12/22/2010 - 18:44 | 824985 Red Neck Repugnicant
Red Neck Repugnicant's picture

Oil at a 2 year high and dollar menu inflation are signs of the same event.

@internet tough guy

Obviously (and shamefully) you have no knowledge of categorical propositions or syllogisms, and you certainly have never read Prior Analytics by Aristotle or An Enquiry concerning Human Understanding, by David Hume

Embarrassing!  

To suggest that there is a correlation (signs of the same event) between oil prices and business decisions by Ronald McDonald demonstrates a level of ignorance that is typically reserved for tmosely's posts. 

Before you post such knee buckling nonsense, it is advisable that you familiarize yourself with inductive vs. deductive reasoning.    

To start, find the flaw in this inductive example:

1. I believe most/all increases in commodity prices are the result of inflation. 

2. The price of oil has risen

3. Obviously, the rise in the price of oil is caused by inflation. 

 

Wed, 12/22/2010 - 18:47 | 825007 Cheesy Bastard
Cheesy Bastard's picture

Yes, that is a logical fallacy, ie the rooster crows then the sun comes up.  The rooster crowing must cause the sun to come up.  Having said that are you suggesting that shipping and feed costs play no role in product pricing at Mcdonalds or elsewhere?

Wed, 12/22/2010 - 18:52 | 825020 Red Neck Repugnicant
Red Neck Repugnicant's picture

are you suggesting that shipping and feed costs play no role in product pricing at Mcdonalds or elsewhere?

No. I never said nor suggested that. 


Wed, 12/22/2010 - 18:58 | 825036 Cheesy Bastard
Cheesy Bastard's picture

To suggest that there is a correlation (signs of the same event) between oil prices and business decisions by Ronald McDonald demonstrates a level of ignorance

Sorry.  I thought I saw it right there.

Wed, 12/22/2010 - 19:16 | 825087 Red Neck Repugnicant
Red Neck Repugnicant's picture

lol.  Nice.  

In general, yes - the price of oil affects all businesses.  That's obvious and well-known. 

Specifically to the point of this discussion though, the recent price of oil and the future of the McDollar menu are NOT correlated, nor are they "signs of the same event."

Even the quote by the executive at McDonald's has nothing to do with inflation or rising cost concerns.  It specifically mentions the prospects of an improving economy.  

 

 

Wed, 12/22/2010 - 19:49 | 825178 tmosley
tmosley's picture

I love how you acknowledge that he is right and then claim he is wrong in the same breath.  Doubleplusgood doublethink!

Wed, 12/22/2010 - 20:42 | 825279 Red Neck Repugnicant
Red Neck Repugnicant's picture

Hey tGilligan

What happened to the McDollar menu when oil crossed $100 and went to $147?

Nothing. 

 

Wed, 12/22/2010 - 20:49 | 825299 Al Gorerhythm
Al Gorerhythm's picture

Fekete,

Rothbard,

Menger,

von Mises,

Hayek.

Wed, 12/22/2010 - 20:56 | 825312 akak
akak's picture

What happened to the McDollar menu when oil crossed $100 and went to $147?

I wish I could tell you, but since I am not a McSlob and actually care about my health, and have a weird, atavistic habit of consuming real food, I refuse to patronize the McEmpire and eat McShit.

Wed, 12/22/2010 - 21:50 | 825400 Eally Ucked
Eally Ucked's picture

Just ask McD for changes in recipe over time span of 20 years, maybe you'll find your answers.

Thu, 12/23/2010 - 11:30 | 826074 Armchair Bear
Armchair Bear's picture

double cheeseburger went to $1.19 in my town

Wed, 12/22/2010 - 19:02 | 825053 tmosley
tmosley's picture

I see you skipped the first part of the old saying, and skipped straight to the "baffle them with bullshit" stage.

Why do you bother posting here among us neanderthals?  Why don't you go someplace enlightened, like the Obama forums, or Yahoo finance boards?  They seem more your speed.

Wed, 12/22/2010 - 19:06 | 825059 Sancho Ponzi
Sancho Ponzi's picture

I worked closely with the logistics folks at a food manufacturing company. When fuel prices rose they were forced to stop serving smaller customers which led to route consolidation, layoffs, etc.

Anyone with experience in the food manufacting/food service industry knows how critical fuel prices are to their bottom line. You know that 'reefer' on the front of the trailer that keeps the food refrigerated? Yep, that runs on diesel. Did you know each route can service 20-40 customers a day, and that fuel is one of the highest variable costs to deliver product? Did you know that all of the pickles you eat on your McBurger come from the same source, and had to be transported across the country? 

Wed, 12/22/2010 - 19:29 | 825130 Red Neck Repugnicant
Red Neck Repugnicant's picture

Anyone with experience in the food manufacting/food service industry knows how critical fuel prices are to their bottom line.

No one is debating that, and we certainly don't care where the pickles come from.  

Everyone wants to suggest that inflation (and specifically, Bernanke) is to blame for the rise in anything/everything. If oil goes up, then obviously it's Bernanke's fault, not demand pulls from China.  Right?  Or if McDonald's wants to adjust their McDollar menu, then it must be cost-inflation creeping into the economy.  Right?

Wrong.  

Wed, 12/22/2010 - 23:27 | 825146 akak
akak's picture

But why are you going to such lengths to seemingly deny the obvious: that the dollar IS depreciating, and that this IS at least contributing to food price increases, even if the ongoing and never-ending depreciation of our faith-based fiat currency may not be responsible for ALL such increases at all times?

Thu, 12/23/2010 - 06:28 | 825773 EscapeKey
EscapeKey's picture

Why is AmericanPatriot posting his lies on Marketwatch?

Wed, 12/22/2010 - 19:56 | 825194 tmosley
tmosley's picture

I see.  The Chinese are consuming more in the face of massive inflation and stagnant wages.

How can a human being be as stupid as you, yet still manage to operate a computer?   That's right, you're not actually stupid, you just base your worldview 100% on being the opposite of what people you don't like think.  That just makes you LOOK like an utter moron.  Of course, it certainly means you don't think for yourself, and instead let your enemies determine what you should think.

Well, how about this?  I think you should definitely stick around, and you should definitely not castrate yourself, so you can be certain to spread your defective genes to the four winds.

Wed, 12/22/2010 - 20:37 | 825273 Red Neck Repugnicant
Red Neck Repugnicant's picture

The Chinese are consuming more in the face of massive inflation and stagnant wages

So...you're being sarcastic? 

For the sake clarity, do you think Chinese demand for oil is affecting oil prices, especially in the past 12 months? 

Wed, 12/22/2010 - 20:46 | 825286 Al Gorerhythm
Al Gorerhythm's picture

Do you think that China's release of $ reserves into the commodity markets is affecting oil (and every other good) prices?

 

Wed, 12/22/2010 - 23:15 | 825463 Red Neck Repugnicant
Red Neck Repugnicant's picture

.

Wed, 12/22/2010 - 23:18 | 825485 Rahm
Rahm's picture

You are BY FAR the DUMBEST person on this website.

Wed, 12/22/2010 - 23:28 | 825502 akak
akak's picture

Actually, he probably is not --- but may very well be one of the most disingenuous and antagonistic members of this forum.

Thu, 12/23/2010 - 00:24 | 825558 Rahm
Rahm's picture

Fair enough.  Second DUMBEST on this site ;)

Wed, 12/22/2010 - 21:35 | 825379 tmosley
tmosley's picture

Screw the Chinese, how about the whole world?  Oil use was down 2% between 2008 and 2009, the latest time frame for which data is available (http://www.enerdata.net/enerdatauk/publications/world-energy-statistics-...).  With everything everywhere continuing to look like shit, there is no reason to think it will do anything else will happen this year.

Wed, 12/22/2010 - 21:42 | 825390 Red Neck Repugnicant
Red Neck Repugnicant's picture

You didn't answer the question, and I suspect it is due to you - once again - having absolutely no idea what you're talking about.  

Secondly, WTF does this mean:

there is no reason to think it will do anything else will happen this year.



Wed, 12/22/2010 - 23:08 | 825474 tmosley
tmosley's picture

China's use of oil and energy in general is going up, but the world price is dictated by world supply and world demand.  World demand is down.

That means the decline in energy use that started last year will continue this year.

You sure do seem to have a lot of trouble understanding what people are saying.

Thu, 12/23/2010 - 06:30 | 825776 EscapeKey
EscapeKey's picture

All BRIC countries experience rapid rise in terms of oil use. I wouldn't automatically assume use is down worldwide.

Wed, 12/22/2010 - 22:02 | 825413 Sean7k
Sean7k's picture

Red,

The chinese are consuming more because their currency is buying less and as they see inflation rising- it behooves them to spend it now. 

So, nothing to do tonight? Thought you'd see if you could rile people up? 

Thu, 12/23/2010 - 10:03 | 825909 Monday1929
Monday1929's picture

You mean it all comes from one, big, pickle? :)

Thu, 12/23/2010 - 11:04 | 826029 Red Neck Repugnicant
Red Neck Repugnicant's picture

*LOL*

!!

Wed, 12/22/2010 - 20:53 | 825278 Al Gorerhythm
Al Gorerhythm's picture

Your intellectual capacity based on your insights is breathtaking. 

Thu, 12/23/2010 - 11:40 | 826094 DaveyJones
DaveyJones's picture

read more books

Wed, 12/22/2010 - 22:02 | 825412 duo
duo's picture

What are the price increases for the 5 basic food groups?

Salt

MSG

high-fructose corn syrup

textured vegetable protein

partially hydrogenated vegetable oil (can be one of the following: palm, soybean, canola, sunflower)

Wed, 12/22/2010 - 17:54 | 824893 Kaiser Sousa
Kaiser Sousa's picture

dont fret...its the Star Wars approach to chronicling a unfolding catastrophe...

Wed, 12/22/2010 - 17:18 | 824792 MonsterZero
MonsterZero's picture

When I was growing up they had $1 double cheeseburgers instead of the $1 MCdoubles today that only have one slice of cheese... oh the good ole days...

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