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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Wed, 10/31/2012 - 19:26 | 2936001 Gooseleg
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Wed, 10/31/2012 - 19:48 | 2936051 vast-dom
vast-dom's picture

Eating out? Eating (in) will soon plunge.

Wed, 10/31/2012 - 20:07 | 2936088 economics9698
economics9698's picture

Fuck it I will have to start eating pussy again. 

Wed, 10/31/2012 - 20:16 | 2936124 Enslavethechild...
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.

Wed, 10/31/2012 - 20:39 | 2936197 TwoShortPlanks
TwoShortPlanks's picture

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

Wed, 10/31/2012 - 21:12 | 2936310 Darth..Putter
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?

Wed, 10/31/2012 - 21:32 | 2936363 ACP
ACP's picture

What is Vince Offer writing the headlines now???

Wed, 10/31/2012 - 21:36 | 2936373 ihedgemyhedges
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.......

Wed, 10/31/2012 - 22:13 | 2936467 Angus McHugepenis
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.

Wed, 10/31/2012 - 21:23 | 2936341 blunderdog
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.

Wed, 10/31/2012 - 20:21 | 2936137 Azwethinkweiz
Azwethinkweiz's picture

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

Wed, 10/31/2012 - 20:25 | 2936150 economics9698
economics9698's picture

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

Wed, 10/31/2012 - 21:45 | 2936398 Pinto Currency
Pinto Currency's picture


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


Wed, 10/31/2012 - 23:57 | 2936680 vast-dom
vast-dom's picture

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

Thu, 11/01/2012 - 01:05 | 2936780 economics9698
economics9698's picture


Thu, 11/01/2012 - 00:00 | 2936682 Azwethinkweiz
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.

Thu, 11/01/2012 - 06:25 | 2936909 MillionDollarBoner_
MillionDollarBoner_'s picture

Reminds 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)

Thu, 11/01/2012 - 11:38 | 2937633 Desert Cat
Desert Cat's picture


similar thrill, I'm sure...

Thu, 11/01/2012 - 09:23 | 2937243 Chuck Walla
Chuck Walla's picture

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


Wed, 10/31/2012 - 19:54 | 2936064 Looney
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.




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

Wed, 10/31/2012 - 19:58 | 2936069 Thecomingcollapse
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

Wed, 10/31/2012 - 20:11 | 2936104 nmewn
nmewn's picture

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

Who knew? ;-)

Wed, 10/31/2012 - 20:15 | 2936118 fuu
fuu's picture

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

Wed, 10/31/2012 - 21:24 | 2936345 FrankDrakman
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.

Wed, 10/31/2012 - 21:48 | 2936357 akak
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".

Thu, 11/01/2012 - 11:44 | 2937652 Desert Cat
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).

Wed, 10/31/2012 - 19:28 | 2936005 thatthingcanfly
thatthingcanfly's picture

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

Wed, 10/31/2012 - 19:37 | 2936018 fonestar
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.

Wed, 10/31/2012 - 19:37 | 2936019 Ineverslice
Ineverslice's picture


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

Wed, 10/31/2012 - 19:46 | 2936046 Urban Redneck
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).

Wed, 10/31/2012 - 19:42 | 2936010 Thecomingcollapse
Thecomingcollapse's picture

I continue to go down to eat out!

Wed, 10/31/2012 - 19:35 | 2936013 dwdollar
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?

Wed, 10/31/2012 - 19:44 | 2936038 GubbermintWorker
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Wed, 10/31/2012 - 20:10 | 2936099 economics9698
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Wed, 10/31/2012 - 20:13 | 2936107 blunderdog
blunderdog's picture

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

Wed, 10/31/2012 - 20:20 | 2936133 MsCreant
MsCreant's picture

That's so clucked up.

Thu, 11/01/2012 - 06:29 | 2936910 MillionDollarBoner_
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...

Thu, 11/01/2012 - 06:36 | 2936914 akak
akak's picture

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

Wed, 11/07/2012 - 22:07 | 2959040 Angus McHugepenis
Angus McHugepenis's picture

The romance is ruined!

Thu, 11/01/2012 - 20:17 | 2939423 blunderdog
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.

Wed, 10/31/2012 - 19:35 | 2936014 devo
devo's picture

That's what she said.

Wed, 10/31/2012 - 19:40 | 2936024 fonestar
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.

Wed, 10/31/2012 - 19:55 | 2936058 devo
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).

Wed, 10/31/2012 - 19:42 | 2936026 cbxer55
cbxer55's picture

Go long Ramen Noodles. Bitchez!

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

Wed, 10/31/2012 - 19:42 | 2936031 trip kitchen
trip kitchen's picture

"while easting out is plunging"


Freudian slip or double entendre?

Wed, 10/31/2012 - 19:44 | 2936037 nmewn
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.

Wed, 10/31/2012 - 19:56 | 2936053 Ineverslice
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.

Wed, 10/31/2012 - 20:14 | 2936109 nmewn
nmewn's picture

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

Wed, 10/31/2012 - 20:21 | 2936134 Enslavethechild...
EnslavethechildrenforBen's picture

now thats a steal in this economy

Wed, 10/31/2012 - 20:22 | 2936142 MsCreant
MsCreant's picture

Sensible partners are a wonderful thing.

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