Weekly Indicators for December 6 – 10 at Seeking Alpha
by New Deal democrat
Weekly Indicators for December 6 – 10 at Seeking Alpha
My Weekly Indicators post is up at Seeking Alpha.
While stock prices made a new record yesterday, the more significant change this week was that Omicron most likely has already put a dent in peoples’ dining plans, as restaurant reservations declined significantly.
Also, the weekly measure of consumer spending continues to be strong, even though real wages have declined in recent months.
As usual, clicking over and reading will bring you up to the virtual moment as to the state of the economy, and will bring me my lunch money for the coming week.
“…Omicron most likely has already put a dent in peoples’ dining plans, as restaurant reservations declined significantly…”
[This seems unfortunate, ironic, and representative of our poorly educated and uninformed public. Doubly ironic since the patrons of the higher end restaurants where reservations are either required or commonplace really should know better. The more crowded walk-in eateries are where patrons are more likely not to be vaccinated or masked. Since getting our second shots of Pfizer we have taken in-laws out to both kinds, but now I only want to go to reservations required restaurants until Covid-19 has further run its course. I am taking out my wife’s older sister and her husband to Bookbinder’s next Sunday as their anniversary gift. ]
To be honest, then I did not want to go out to any restaurant that did not require reservations before Omicron. My in-laws are supposedly very smart people as accorded by their educations and professions, but I fail to see it reflected in their life choices.