Independent thinking for complex markets and current events
The iconic restaurant chain Hooters has abruptly announced the closure of 40 locations nationwide, citing the rising cost of food and rent. The restaurant chain, known for its attractive and scantily dressed waitresses, will close stores in Florida, Kentucky, Rhode Island, Texas, and Virginia. “Like many restaurants under pressure from current market conditions, Hooters has …
by Dismal-Jellyfish https://www.bea.gov/news/2023/personal-income-and-outlays-june-2023 Wut mean?: In June, people earned $69.5 billion more, which is a 0.3% monthly rise–more money earned more money to spend, adding to inflation… Prices of things people bought (PCE price index) went up slightly by 0.2%. Even if we leave out the usually volatile food and energy prices (like the Fed does …
by confoundedinterest17 Sweet Home Chicago? The Chicago Business barometer printed at 41.5, still in contraction as M2 Money growth evaporates. living la vida Biden! Meanwhile, the US Treasury 10Y-2Y yield curve remains inverted at -105 basis points.