Real Economy Still Sliding As 'Eating Out' Continues to Go Down

Tyler Durden's picture

While real consumer spending growth remains perilously close to recessionary levels for another year, one of our favorite indicators of real consumer sentiment (as opposed to the anchoring bias-driven surveys we are force-fed a few times per month) is the growth in spending on eating meals out. As Bloomberg Briefs notes, spending on dining out has fallen from 4.5% growth at the beginning of the year to under 1.8% growth currently (the lowest since May 2010). Add to this the slowdown in jewelry spending and the drag on discretionary spending likely from Sandy and we suspect the modicum of estimate revisions that have started to be published by sell-side analysts will need a little more adjustment.

Real Consumer Spending remains stagnant...

 

while easting out is plunging...

 

Charts: Bloomberg Briefs

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vast-dom's picture

Eating out? Eating (in) will soon plunge.

economics9698's picture

Fuck it I will have to start eating pussy again. 

EnslavethechildrenforBen's picture

$100 for gas to drive around the block. $20 for something that tastes like a hamburger. $500 to get your vehicle back after some A-hole towed it away from that teeny tiny sign that you didn't see that says "no parking", $10000 to get the law of your back after you break the tow truck drivers jaw.

I think instead I can afford to stay home and eat warm rice in my 32 degree F. trailer downton here in good-ol-boy, USA.

TwoShortPlanks's picture

"Eating Out"...where's my GF's Brazilian when I need it...fuck!

Darth..Putter's picture

I didn't see any indicator that the percentages were adjusted for food inflation, sooo would that mean a negative growth?

ACP's picture

What is Vince Offer writing the headlines now???

ihedgemyhedges's picture

I got married 18 years ago and stopped eating out about 8 or 9 years ago.  But we still visit restaurants frequently.......

Angus McHugepenis's picture

You married guys need to remember one thing when dining out in stange lands. It's okay to look at the menu but you better go home to eat.

blunderdog's picture

Back in the '90s, I was at a McDonald's with a few friends.  (I'm not proud, but we were drunk and it was there, yanno...)

One member of the party had a "cheeseburger" which for some reason was MISSING THE MEAT PATTY.

This itself wasn't a big deal, mistakes happen, but the astonishing part was, we LITERALLY could not taste the difference from all the other ones we had ordered.

Azwethinkweiz's picture

Start enjoying eating the asshole...sometimes if you're lucky, you also get corn off the cob.

economics9698's picture

You gay?  Not that that's a bad thing, just asking.  You look gay.

Pinto Currency's picture

 

9698 - Please keep your social networking activity to appropriate web sites.

 

vast-dom's picture

you must be new here. 9698 wouldn't know appropriate if it gang-skull-raped him.

Azwethinkweiz's picture

Girls eat corn too. Your one-track-mind obviously has nonstop train service to destination bear cave. When you decide to come out of the closet, we'll support you.

MillionDollarBoner_'s picture

Reminds me...how is one of those square batteries like your girlfriend asshole?

You know its wrong but, sooner or later, you will put your tongue on it ;o)

Desert Cat's picture

*snort*LOL!

similar thrill, I'm sure...

Chuck Walla's picture

Is this the companion story to the nurse capitalist anarchy thing?

FORWARD SOVIET!

Looney's picture

Off topic a'lil...

You know, boyZ and girlZ, this whole “wind damage thingy” is beyond ridiculous. We, as the “leader” of the world keep suffering multi-billion-dollar-damages every time the wind exceeds 10 mph. How difficult or expensive is it to put all hanging-in-the-wind power cables into the ground? I ain’t talking ‘bout super-duper-developed countries, but even the darling of’em all Zimbabwe has 98.4% of all of its 6 miles of high voltage cables IN THE GROUND.

 

ZH, you’ve brought up quite a few important issues, dontcha think THIS ONE deserves more attention?

 

BTW, before the nasty-looking male nurse starts force-feeding me with my medication (which I’ve proudly missed for 3 straight days), I’ve sent similar e-mails to both Pr-Candidates, their running mates, and 63 senators/congressmen (whoever e-mails I could find), including the Honorable Ron Paul. Guess what? I ain’t gotten a single response from any of’em.

 

So, whatever happens to us next time the wind blows a ‘lil, or this or that guy gets elected – we, as a country, deserve it.

 

Looney

 

P.S. I just saw the male nurse loading an enema with my meds… Oh my Goat!!! Not again!!!  ;-)

Thecomingcollapse's picture

I believe that alot of the problem in New York... was that the damn power was underground... hence it flooded and exploded power stations and generators... etc.... etc.. Think Subways

nmewn's picture

Aesthetically pleasing, "smart grid technology" is not functional under actual duress?

Who knew? ;-)

fuu's picture

Surely keeping the power on is harder than keeping the checks in the mail.

FrankDrakman's picture

Your homework assignment is to look up the relative permittivity of air, dry soil, wet soil, and dirty (as opposed to distilled) water. Then you can come back and explain why it makes more sense to hang the wires up in the air.

akak's picture

You would have a point if we were talking about the laying of bare copper cables.  I am no engineer or electrician, but I have noticed that most of the aerial power lines in my area (or when exposed before being buried in the ground) have some kind of stuff covering up all the copper.  I think it is called "insulation".

Desert Cat's picture

Because it's nasty expensive to do it right, compared to hanging it up on dead trees, where it topples in the slightest breeze.  At least that's what the electric co. representatives tell us at meetings with the County when they are asked to do just that.  Man, they howl!

Underground, it is in properly insulated cables, inside ductwork, and sometimes the ductwork is encased in concrete.  Yes, it would definitely help keep the power on in windstorms, but at the cost of Armageddon in electric rates (if the power company is to be believed).

thatthingcanfly's picture

You didn't eat that. Someone else ate that for you.

fonestar's picture

je suis desole monsieur... If I ate at your restaurant for the price of a Morgan Dollar I could only afford to tip you a Wheat Penny.

Ineverslice's picture

 

They will soon hypothecate our calories...+1.

Urban Redneck's picture

Portion sizes in the US could use some rehypothecation, because they currently seem accrue entirely to the American waistline (in the noble sounding goal of delivering "value" to customers).

Thecomingcollapse's picture

I continue to go down to eat out!

dwdollar's picture

A good method for determining sentiment, but remember the cost of food is going up while real wages are going down... Is "eating in" such a big money saver if a pound of hamburger is twice an hourly wage?

blunderdog's picture

What about chicken pussy?  Is it enticing?  I mean what's the story?

MillionDollarBoner_'s picture

Chickens don't have "pussies"

They have a cloaca which serves the purpose of both pussy and asshole.

Duh - them city types dunt no nuthin, huuuurrrr...

akak's picture

Well, that's it --- I am finally swearing off chicken cunnilingus for good!

blunderdog's picture

Well, OK, but the double bummer is you obviously don't no nuthin about obscure psychedelic rock bands from the Bush I years...maybe you had too much sleep back then and it's done something to your central nervous system.

devo's picture

That's what she said.

fonestar's picture

I just upped you for the Devo hat... I figure when silver hits $500/oz I can afford to become an aging eccentric, wear one myself and still get chicks.

devo's picture

I was Mark Mothersbaugh for Halloween. It was a hit...chicks love it.

It's actually an energy dome, though, not a "hat" or "flower pot" as many believe. Devo stands for "de-evolution" (of the human race).

cbxer55's picture

Go long Ramen Noodles. Bitchez!

Flavor them up with a bit of "Whats This Here Sauce" for a new twist. ;-)

trip kitchen's picture

"while easting out is plunging"

 

Freudian slip or double entendre?

nmewn's picture

Two adults, four kids, two hundred bucks. For wings, fajitas, & burgers, cokes and two glasses of wine, plus tip.

Print some more Ben. Less eating out but the exchange rate on barbarous relics lying on lake, river and ocean beds continues to rise.

The Hidden Tax.

Ineverslice's picture

 

Eateries will drop like dominoes for '13.

edit: Went out w an attractive friend last week to a nice place...thank God she suggested Happy Hour.

nmewn's picture

You may have found more than just a nice place to dine my friend ;-)

EnslavethechildrenforBen's picture

now thats a steal in this economy

MsCreant's picture

Sensible partners are a wonderful thing.