Despite rising inflation, the restaurant supplier’s sales increased 9.2% to $10.2 billion from a year ago. Inflation grew some 6.3%: It was widespread, but particularly bad for meat, canned, and frozen goods. In its first fiscal quarter, inflation increased 7.3% year over year. (Emphasis added by me)It is obvious that in the long run we are going to face some extreme difficulties. Politicians are not interested in the long run, only the next election. There is only so much austerity companies can handle before they have to buy new equipment/materials/services and hire, however temporarily, more people. The same thing happened in the 1930's as the economy would recover enough to keep FDR in power. The stock market is up and Obama's ratings along with it. People might start feeling "rich" again. I saw a lot of people out in the stores on Saturday, with almost Christmas-like traffic. Some of that was due to it being Superbowl weekend, no doubt. The weather around here has been nice, and people are starting to think about Spring, buying new outfits for themselves and the kids, thinking about yard work and vacations. It is impossible and probably unhealthy to be negative all the time.
A prudent person foresees evil and hides himself, but the simple pass on and suffer -- Proverbs 22:3
Monday, February 6, 2012
Happy Days Are Here Again
Unless you are SYSCO, where:
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